TradeSpark to Resume Trading Monday
TradeSpark, one of the Cantor Fitzgerald family of companies which suffered devastating losses in the collapse of the World Trade Center, expects to be open for business "when financial and commodity markets re-open on Monday," the company said in an announcement Friday.
Initially, energy products will be available to customers through voice-assisted brokerage. TradeSpark said its partners and members are working to restore its electronic trading operations "as quickly as possible. Furthermore, the partner and member companies will provide whatever resources are necessary to enable the systems and technology behind TradeSpark to perform as customers have come to expect."
"In response to the overwhelming support following the devastating World Trade Center tragedy, TradeSpark, L.P., a partnership formed by eSpeed Inc., Cantor Fitzgerald and five of the largest energy producers/distributors, expresses its gratitude to its energy partners and members." TradeSpark was operating from the Cantor Fitzgerald suite of offices on the 101st to 105th floors of Tower One of the World Trade Center. Cantor Fitzgerald says it has been able to make contact with only 300 of the 1,000 employees working on those floors near the top of the building. The company is continuing to solicit information about missing employees through its website at www.cantorusa.com. The website also carries a list of "safe and accounted for" New York employees.
TradeSpark said it "appreciates the continued support and contributions from all energy market participants. Contributions to support the families affected by the tragedy may be made to the Cantor Fitzgerald Foundation, 101 Park Avenue, 45th Floor, New York, NY 10178-0060. Please mark the envelope "Attention: Phil Ginsberg, re: TradeSpark L.P. employees and families."
TradeSpark, L.P. is a partnership formed by: eSpeed, Inc., a leading interactive electronic marketplace engine for B2B e-commerce, Cantor Fitzgerald, one of the world's leading voice brokerages, and five of the largest US energy producers/distributors. The TradeSpark energy partners are: Coral Energy, Dominion, Koch Energy Trading, Inc., TXU Energy Trading, and Williams Energy Marketing and Trading Company. NGI Sept. 3
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