Cantor Fitzgerald plans to transfer two or three credit derivatives brokers to New York from London and will hire others, according to Harry Fry, senior managing director of North American derivatives in New York. Fry said it is too early to determine who will head the new group. Cantor is rebuilding the desk after its 10-strong team was killed in the Sept. 11 terrorist attacks.
"We're looking to establish a new credit derivatives brokering team here in New York. It's a slow process, but we're moving along," Fry added.
