Company: eSpeed subsidiary of Cantor FitzgeraldTemporary headquarters: 299 Park Ave., New York, NY
Electronic Address: www.espeed.com
Business: eSpeed provides business-to-business electronic marketplace services, primarily in bond trading. The company operates a private trading network, connected to more than 700 financial institutions. Under a joint operating agreement, it also provides all technology services for Cantor Fitzgerald.
Chief Information Officer: Joseph C. Noviello
Financials in 2000: $110.6 million in revenue, with a net loss of $60.4 million
Challenge: Restore the business at a New Jersey mirror site in time for the opening of the U.S. bond markets at 8 a.m. on Sept. 13, 47 hours after the destruction of the company's primary data center at One World Trade Center and the loss of 180 of eSpeed's employees
Baseline Goals:
Restore customer connections to eSpeed's trading systems
Replace systems for trade settlement and clearance via banks
Recover data lost at the World Trade Center site
Find space and equipment for 306 surviving eSpeed employees