Cantor to acquire US-based wholesale market making business from Canaccord Genuity Group.

Cantor, a premier investment bank, agreed to acquire US-based wholesale market making business from Canaccord Genuity Group, a global, full-service investment banking and financial services company. Financial terms were not disclosed. "We are committed to strategically growing our global equities franchise and look forward to welcoming this well-established, experienced team of professionals to our firm. We plan to scale this business to ensure our clients have access to a more diversified range of products, helping them create value in all market conditions and across a growing global footprint," Pascal Bandelier, Cantor Co-CEO and Global Head of Equities.