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eSpeed Sees Wagner Revenues Dry Up, Rejects Tullett Bid

At 01 May 2007 12:31:54 in ET-Interdealer Systems, Electronic Trading Full content requires subscription

Cantor Fitzgerald’s eSpeed subsidiary has projected lower operating income for the remainder of 2007 due to the expiration of one of the key patents covering its trading technology. The news – released with the company’s Q1 results – follows Cantor’s rejection in April of an offer by rival inter-dealer broker Tullett Prebon to buy its interest in eSpeed.

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