Cantor Fitzgerald’s history is marred by tragedy: 658 of its employees were killed on 9/11, almost one-third of its global team. Because it lost so many workers, the company was forced to embrace electronic trading instead of how things conventionally worked in the Treasury market: human brokers calling or visiting clients. Today, Wall Street is embracing crypto and blockchains as a way to disrupt old ways of doing business and keeping records.
Source: https://www.coindesk.com/policy/2024/11/19/howard-lutnick-tethers-wall-street-banker-is-trumps-pick-for-commerce-chief-not-treasury-secretary-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines