BGC Environmental Brokerage Services

CANTORCO2e HIRES ANDY KRUGER TO HEAD UP EMISSIONS CREDIT and GHG DESK

Kruger brokers NOx, SOx, ERCs, and Carbon From New York desk 

New York – November 15, 2010 - CantorCO2e, LP, a leading energy and environmental brokerage and an affiliate of Cantor Fitzgerald, L.P., today announced that Andrew Kruger has rejoined the firm as Vice President and Manager of its Sulfur Dioxide (SO2), Nitrogen Oxide (NOx), emission reduction credit (ERC), and greenhouse gas/carbon  credit desk.

Mr. Kruger will run the NOx and SO2 allowance, east coast ERCs, and carbon desks from CantorCO2e’s office in New York. He will also support clients in Canada’s provincial programs, as well as with European Emission Allowance (EUA), Certified Emission Reductions (CER), and Assigned Amount Unit (AAU) trading needs.

"We are delighted that Andy has joined us," said Josh Margolis, CEO CantorCO2e. "His success in building emissions desks and putting together deals in multiple emissions markets will aid our clients in the development and execution of a variety of single and cross commodity trading strategies."

"I am thrilled to rejoin the group,” said Mr. Kruger. “I look forward to applying  my market  expertise, insight, candid commentary and brokering skills, to Cantor's strong customer relationships. My goal is to help our clients understand and participate in emissions credit markets, mitigate liabilities, take full advantage of their trading opportunities, and promote sound and environmentally-beneficial solutions."

Andy has brokered millions of tonnes of carbon in the US, Canada, and the European Union. He has also matched ERC buyers and sellers in more than 11 states and provided strategic consulting services to manufacturers, utilities, and government agencies. Andy returns to Cantor after having previously spent 9 years on our brokerage desk. Most recently Andy was at Evolution Markets, and prior he was at ICAP and AER*X. 

About CantorCO2e, LP

CantorCO2e, LP, a Cantor Fitzgerald group company, is a leading global financial services provider to the world's environmental and renewable energy markets. We provide marketplaces where industry, government, and the public can take full advantage of environmental credit trading opportunities.   Services include:

• Environmental brokerage
• Continuous clean air auction
• Trade clearing services
• Custodial accounts
• Emissions trading seminars and consulting services

Established in 1992, Cantor Environmental Brokerage is the oldest environmental brokerage in the United States. It has brokered billions in environmental credits through regional offices, and is staffed with professionals with more than 100 years of emissions trading experience. CantorCO2e is active in more than 30 markets. For more information, please visit www.cantorco2e.com.

About Cantor Fitzgerald, L.P.

Cantor Fitzgerald, L.P. is a leading financial services provider to the institutional equity and fixed income markets, with products and services including sales and trading, investment banking, asset management, market data, and market commentary. For nearly 60 years, Cantor Fitzgerald, a proven and resilient leader, has been committed to delivering a unique brand of unparalleled trading and distribution services, product expertise, innovative technology and customer service to its clients around the world. For more information, please visit www.cantor.com.

Media for Cantor Fitzgerald:

Melanie Gordon-Felsman
212-610-2314
mgordon@cantorco2e.com