Pub. date: 2008 | Online Pub. Date: April 25, 2008 | DOI: 10.4135/9781412963893 | Print ISBN: 9781412958783 | Online ISBN: 9781412963893| Publisher:SAGE Publications, Inc.About this encyclopedia
Cantor Fitzgerald EBS
CANTOR FITZGERALD EBS (CF EBS) was a division of Cantor Fitzgerald, a leading investment and brokerage services company in the United States. While Cantor Fitzgerald is based in New York City, CF EBS was based in Los Angeles, California. It is now CantorC02e, based in both Great Britain and California. As emissions caps are set for companies and enforcement is strengthening, a novel business has emerged: emissions trading. If a company cannot reach emissions levels at or below the cap, it can purchase the right to have the difference of emissions (or credit) from a company with a lower emissions rate. In effect, the company exceeding emissions is fined, while the company with lower emissions receives a financial benefit. Bernie Cantor and John Fitzgerald established Cantor Fitzgerald as a bond brokerage firm in 1945. The company expanded with a division of Equity Capital Markets 20 years later. In 1972, ...