eSpeed Base CaseBy Baselinemag | Posted 2001-10-29 Email Print
Company: eSpeed subsidiary of Cantor Fitzgerald
Temporary 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