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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 9, 1999
REGISTRATION NO. 333-87475
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- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------------------
AMENDMENT NO. 5
TO
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
------------------------
ESPEED, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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DELAWARE 7379 13-4063515
(STATE OR OTHER (PRIMARY STANDARD (I.R.S. EMPLOYER
JURISDICTION OF INDUSTRIAL IDENTIFICATION NUMBER)
INCORPORATION OR CLASSIFICATION CODE NUMBER)
ORGANIZATION)
</TABLE>
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ONE WORLD TRADE CENTER, 103RD FLOOR
NEW YORK, NEW YORK 10048
(212) 938-3773
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER,
INCLUDING AREA CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
------------------------
STEPHEN M. MERKEL, ESQ.
SENIOR VICE PRESIDENT,
GENERAL COUNSEL AND SECRETARY
ESPEED, INC.
ONE WORLD TRADE CENTER
NEW YORK, NY 10048
(212) 938-4139
(NAME AND ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER,
INCLUDING AREA CODE, OF AGENT FOR SERVICE)
------------------------
Copies to:
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CHRISTOPHER T. JENSEN, ESQ. FREDERICK W. KANNER, ESQ.
MORGAN, LEWIS & BOCKIUS LLP DEWEY BALLANTINE LLP
101 PARK AVENUE 1301 AVENUE OF THE AMERICAS
NEW YORK, NY 10178 NEW YORK, NY 10019
(212) 309-6000 (212) 259-8000
FAX: (212) 309-6273 FAX: (212) 259-6333
</TABLE>
------------------------
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as
practicable after the effective date of this Registration Statement.
If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, check the following box. / /
If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. / /
If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. / /
If this Form is a post-effective amendment filed pursuant to Rule 462(d)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. / /
If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. / /
------------------------
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR
DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL
FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF
THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(A),
MAY DETERMINE.
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<PAGE>
We will amend and complete the information in this prospectus. We may not sell
these securities until the registration statement filed with the Securities and
Exchange Commission is effective. This prospectus is not an offer to sell these
securities, and we are not soliciting offers to buy these securities, in any
state where the offer or sale is not permitted or legal.
PRELIMINARY PROSPECTUS Subject to Completion, dated December 9,1999
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8,500,000 SHARES
[eSpeed(Service Mark] Logo]
CLASS A COMMON STOCK
- --------------------------------------------------------------------------------
We operate global interactive electronic marketplaces designed to enable market
participants to trade financial instruments and other products instantaneously,
more effectively and at a lower cost than traditional trading methods. Of the
8,500,000 shares of Class A common stock offered by this prospectus, we are
offering 6,000,000 shares and the selling stockholder, Cantor Fitzgerald
Securities, is offering 2,500,000 shares. We will not receive any proceeds from
the sale by the selling stockholder of shares of our Class A common stock.
No public market currently exists for our Class A common stock. We estimate that
the initial public offering price per share will be between $17.00 and $19.00.
We have applied to have our Class A common stock approved for quotation on the
Nasdaq National Market under the symbol "ESPD." See "Underwriting" for a
discussion of the factors to be considered in determining the initial public
offering price.
INVESTING IN OUR CLASS A COMMON STOCK INVOLVES RISKS. SEE "RISK FACTORS"
BEGINNING ON PAGE 5 TO READ ABOUT CERTAIN RISKS YOU SHOULD CONSIDER BEFORE
BUYING SHARES OF OUR CLASS A COMMON STOCK.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS
PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
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PER SHARE TOTAL
<S> <C> <C>
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Public offering price......................................................... $ $
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Underwriting discounts and commissions........................................ $ $
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Proceeds, before expenses, to us.............................................. $ $
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Proceeds to the selling stockholder........................................... $ $
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</TABLE>
We and the selling stockholder have granted the underwriters a 30-day option to
purchase up to an additional 1,000,000 and 275,000 shares, respectively, of
Class A common stock to cover over-allotments at the initial public offering
price per share less the underwriting discounts and commissions. If the option
is exercised in full, the total underwriting discounts and commissions will be
$ , the total proceeds, before expenses, to us will be $ and
the total proceeds to the selling stockholder will be $ .
The underwriters expect to deliver the shares of Class A common stock in New
York, New York on , 1999.
WARBURG DILLON READ LLC
HAMBRECHT & QUIST
THOMAS WEISEL PARTNERS LLC
CANTOR FITZGERALD & CO.
The date of this prospectus is , 1999.
<PAGE>
TABLE OF CONTENTS
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PAGE
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Prospectus Summary......................................................................................... 1
Risk Factors............................................................................................... 5
Forward-Looking Statements................................................................................. 20
Use of Proceeds............................................................................................ 20
Dividend Policy............................................................................................ 20
Dilution................................................................................................... 21
Capitalization............................................................................................. 22
Selected Financial Data.................................................................................... 23
Management's Discussion and Analysis of Financial Condition and Results of Operations...................... 24
Business................................................................................................... 30
Management................................................................................................. 50
Relationship with Cantor................................................................................... 54
Principal and Selling Stockholders......................................................................... 61
Description of Capital Stock............................................................................... 62
Shares Eligible for Future Sale............................................................................ 65
Underwriting............................................................................................... 66
Legal Matters.............................................................................................. 68
Experts.................................................................................................... 68
Where You Can Find More Information........................................................................ 69
Index to Financial Statements.............................................................................. F-1
</TABLE>
eSPEED (SM) is a service mark of eSpeed, and INTERACTIVE MATCHING (SM) and
CANTOR EXCHANGE (SM) are service marks licensed by eSpeed.
------------------------
Unless otherwise indicated, all information in this prospectus assumes that
the underwriters' over-allotment option will not be exercised.
i
<PAGE>
PROSPECTUS SUMMARY
This summary highlights some information from this prospectus. It may not
contain all of the information that is important to you. To understand this
offering fully, you should read carefully the entire prospectus, including the
risk factors and the financial statements. Unless otherwise indicated, the
information in this prospectus assumes that the contribution of assets to us by
Cantor Fitzgerald, L.P. and its affiliates which is described below has taken
place.
OVERVIEW OF OUR BUSINESS
We operate global interactive electronic marketplaces that enable the
trading of financial instruments and other products instantaneously, more
effectively and at lower cost than traditional trading methods. Our marketplaces
are currently used by most of the largest financial institutions and wholesale
market participants to trade in a wide range of global financial instruments,
including government securities denominated in U.S. dollars, Euros, Yen, British
Pounds Sterling, Canadian dollars and currencies of emerging market countries,
as well as securities of U.S. agencies, municipal securities, Eurobonds,
corporate bonds and other global fixed income securities and U.S. Treasury
futures. We operate the largest global electronic marketplace for U.S. Treasury
securities and leading global electronic marketplaces for other fixed income
securities and financial instruments. We also operate a U.S. Treasury futures
exchange marketplace that is known as the CANTOR EXCHANGE (SM), the first fully
electronic futures exchange for the trading of U.S. Treasury futures. Our
current marketplaces process financial instrument transactions of over
$150 billion per day, of which more than $6 billion are wholly-electronic
orders. Our revenues are driven by trading activity and volume in our
marketplaces. We commenced operations in March 1999 as a division of Cantor
Fitzgerald and have not yet made a profit.
We believe we operate the only electronic marketplaces used for trading in
multiple instruments on a global basis. Over 500 institutions worldwide
participate in our marketplaces, including all of the 25 largest bond trading
firms in the world, as identified by Euromoney Magazine. Most of these
institutions use our proprietary screen displays and/or trading platforms, which
allow us to deliver information and execute transactions instantaneously, on a
secure basis through their computer network security barriers.
OUR INDUSTRY
Traditional trading methods are relatively slow, expensive and limited. In
both the fixed income and futures markets, trading practices historically have
centered around a method of trading known as open outcry, where trading activity
is focused on a central location, or pit. Market participants in the pit often
have access to better and more timely market information than outsiders. In
order to access the pit, individuals and institutional traders must send their
orders through several layers of middlemen. Transaction costs are high due to
the number of people involved in an open outcry system and execution can be
slow. Program trading is difficult or impossible to implement because of the
current manual nature of these markets, especially programs designed to
automatically and simultaneously execute multiple trades in different, but
related, financial products. Processing, confirming and clearing paper-based
trades are also very time consuming and expensive. Paper and telephone-based
trading produces delayed information and results in compliance programs that are
expensive to manage and can be circumvented. Because of these impediments,
non-electronic trading methods limit trading volume and liquidity.
OUR ELECTRONIC MARKETPLACE SOLUTION
Our interactive electronic marketplaces are powered by our eSPEED (SM)
system, which employs our private, instantaneous, electronic network and
proprietary transaction processing software. Our eSPEED (SM) system has a
flexible design which allows us to quickly and easily add new financial
instruments in multiple currencies and trading models. It uses our network
distribution system, which we believe is one of the most robust systems in
operation, enabling us to provide access to accurate market information and
instantaneous trade execution. The system is designed to minimize the need for
human intermediaries in the trading process by providing clients with multiple
methods of accessing our marketplaces and executing trades directly, utilizing
INTERACTIVE MATCHING (SM), our proprietary, rules-based trading method that
interactively executes buy and sell orders from multiple market participants.
The benefits of our eSPEED (SM) system include the following:
o instantaneous price dissemination and trade execution;
o lower transaction costs;
o multiple product program trading;
1
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o greater accuracy and decreased probability of erroneous trades;
o integrated compliance and credit risk functions;
o highly efficient pricing on illiquid securities; and
o ability to automate back-office functions.
OUR GROWTH STRATEGY
Our objective is to be the leading provider of interactive electronic
marketplaces worldwide. Our growth strategy to achieve this objective includes:
o focusing exclusively on developing and operating interactive electronic
marketplaces;
o expanding the number of financial and non-financial products in our
electronic marketplaces;
o converting clients to fully electronic trading;
o leveraging existing eSPEED (SM) system connectivity to deploy new
products and services;
o enabling online retail broker access to wholesale marketplaces, where
appropriate, for fixed income securities and other financial products so
as to allow bonds and other financial instruments to trade online similar
to stocks;
o pursuing acquisitions and strategic alliances; and
o leveraging our eSPEED (SM) system for use in non-financial,
business-to-business and consumer marketplaces.
OUR HISTORY
We commenced operations in March 1999 as a division of Cantor Fitzgerald.
Over the past 25 years, Cantor has been a leading global broker-dealer of fixed
income securities. In 1972, Cantor developed the world's first screen-based
brokerage market in U.S. government securities. Since the early 1990s, Cantor
has been developing systems to promote fully electronic marketplaces. Since
1996, Cantor has invested more than $200 million in information technology,
including the development of proprietary electronic transaction processing
software, network distribution systems and related contractual rights, which
culminated in the development of our eSPEED (SM) system.
Today, Cantor executes in excess of $45 trillion in transaction volume
annually and is a major facilitator of liquidity in numerous financial products
through its offices in the United States, Canada, Europe and Asia. Our
eSPEED (SM) system provides the only way to electronically access Cantor's
marketplaces. Consequently, we believe that clients will be strongly motivated
to use our interactive electronic marketplaces. We share with Cantor a portion
of the transaction-based revenues paid by financial market participants for
trades using our electronic marketplaces. Cantor and most of the largest
financial institutions in the world are currently our primary clients. See
"Relationship with Cantor--Joint Services Agreement."
Concurrent with this offering, Cantor is contributing to us substantially
all of our assets, including the eSPEED (SM) system. In exchange for these
assets, we are issuing to Cantor common stock that will represent over 98% of
the voting power of our outstanding capital stock after this offering. We
believe our relationship with Cantor is a significant competitive advantage.
HOW TO CONTACT US
Our executive offices are located at One World Trade Center, 103rd Floor,
New York, New York 10048. Our telephone number is (212) 938-3773. Our Web site
is http://www.espeed.com and our e-mail address is [email protected]. We are a
Delaware corporation.
2
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THIS OFFERING
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Class A common stock offered by:
eSpeed.................................. 6,000,000 shares
The selling stockholder................. 2,500,000 shares
---------
Total................................ 8,500,000 shares
=========
Common stock to be outstanding after this
offering................................ 8,500,000 shares of Class A common stock and 41,500,000 shares of
Class B common stock (1)(2)
Use of proceeds........................... We intend to use the net proceeds from this offering for
(1) investment in hardware and software for entry into existing and
new marketplaces, (2) hiring technology and other professionals to
develop new products, (3) sales, marketing and advertising and
(4) working capital and general corporate purposes, including
possible acquisitions. See "Use of Proceeds" and "Relationship with
Cantor."
Voting rights............................. The rights of holders of shares of common stock are substantially
identical, except that holders of Class B common stock will be
entitled to 10 votes per share, while holders of Class A common stock
will be entitled to one vote per share. See "Description of Capital
Stock."
Nasdaq National Market symbol............. ESPD
</TABLE>
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(1) Excludes 7,500,000 shares of Class A common stock reserved for issuance upon
exercise of options granted under our stock option plan in connection with
this offering at an exercise price per share equal to the initial public
offering price.
(2) Excludes 127,500 shares of Class A common stock reserved for issuance upon
exercise of warrants we expect to grant upon completion of this offering.
These warrants will have an exercise price per share equal to the initial
public offering price.
3
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SUMMARY CONSOLIDATED FINANCIAL DATA
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FOR THE PERIOD FROM MARCH 10, 1999
(DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
------------------------------------
<S> <C>
STATEMENT OF OPERATIONS DATA: (1)
Total revenues.............................................. $ 24,139,469
Total expenses.............................................. 30,925,117
Loss before benefit for income taxes........................ (6,785,648)
Net loss.................................................... (6,613,841)
PRO FORMA DATA: (2)
Pro forma net loss.......................................... $ (6,785,648)
Basic and diluted pro forma net loss per share.............. $ (0.15)
Shares outstanding.......................................... 44,000,000
<CAPTION>
SEPTEMBER 24, 1999
-------------------------------------------------------
ACTUAL AS ADJUSTED (3)
------------------------------------ ---------------
<S> <C> <C>
STATEMENT OF FINANCIAL CONDITION DATA:
Cash........................................................ $ 200,000 $ 98,730,000
Total assets................................................ 10,798,264 109,328,264
Total liabilities........................................... 11,756,806 11,756,806
Total stockholder's equity.................................. (958,542) 97,571,458
</TABLE>
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(1) Excludes a one-time, non-cash charge of approximately $4 million that we
expect to incur in the fourth quarter of fiscal 1999 due to option grants we
intend to make to Cantor employees exercisable at the initial public
offering price.
(2) Pro forma data present the net loss and net loss per share data as if we
were subject to income tax as a corporation. The tax benefit for state and
local tax, which is available to us as a division of Cantor, is not
available to us as a corporation because of our net operating loss position.
The determination of shares outstanding and loss per share data reflects the
effect of the consummation of the formation transactions as discussed in
"Relationship with Cantor--The Formation Transactions" as if those events
had taken place at the beginning of the period.
(3) Reflects the sale of the 6,000,000 shares of Class A common stock offered by
us hereby, at an assumed public offering price of $18.00 per share, after
deducting the estimated offering expenses and underwriting discounts and
commissions payable by us.
4
<PAGE>
__________________________________RISK FACTORS__________________________________
The purchase of our Class A common stock involves substantial investment
risks. You should carefully consider the following risk factors, together with
the other information in this prospectus, before purchasing our Class A common
stock. If any of the following risks actually occur, our business, financial
condition or results of operations could be materially adversely affected, the
trading price of our Class A common stock could decline and you may lose all or
part of your investment.
RISKS RELATED TO OUR BUSINESS
BECAUSE WE HAVE A LIMITED OPERATING HISTORY, YOU MAY NOT BE ABLE TO ACCURATELY
EVALUATE eSPEED.
We are a recently formed company. We have had limited operations to date
and, as a result, we have a limited operating history upon which to evaluate the
merits of investing in our Class A common stock. As an early stage company, we
are subject to risks, expenses and difficulties associated with implementing our
business plan that are not typically encountered by more mature companies. In
particular, our prospects are subject to risks, expenses and uncertainties
encountered by companies in the new and rapidly evolving market for electronic
commerce products and services. These risks include our failure or inability to:
o provide services to our clients that are reliable and cost-effective;
o expand our sales structure and marketing programs;
o increase awareness of our brand or market positioning; and
o respond to technological developments or service offerings by
competitors.
We may not be able to implement our business plan successfully, or at all.
BECAUSE WE HAVE A HISTORY OF LOSSES, WE EXPECT TO CONTINUE TO INCUR LOSSES AND
GENERATE NEGATIVE CASH FLOW FROM OPERATIONS FOR THE FORESEEABLE FUTURE.
Since our inception, we have incurred substantial costs to develop our
technology and infrastructure. As a result, from our inception through September
24, 1999, we have sustained cumulative net losses of $6.6 million or
$6.8 million on a pro forma basis. We expect that we will continue to incur
losses and generate negative cash flow from operations for the foreseeable
future as we continue to develop our systems and infrastructure and expand our
brand recognition and client base through increased marketing efforts.
IF WE DO NOT EXPAND THE USE OF OUR ELECTRONIC SYSTEMS, OR IF OUR AND CANTOR'S
CLIENTS DO NOT UTILIZE OUR MARKETPLACES OR SERVICES, OUR REVENUES AND
PROFITABILITY WILL BE ADVERSELY AFFECTED.
The use of electronic marketplaces is relatively new. The success of our
business plan depends, in part, on our ability to maintain and expand the
network of brokers, dealers, banks and other financial institutions which will
utilize our interactive electronic marketplaces. We cannot assure you that we
will be able to continue to expand our marketplaces, or that we will be able to
retain the current participants in our marketplaces. None of our agreements with
market participants require them to use our electronic marketplaces.
IF WE ARE UNABLE TO ENTER INTO MARKETING AND STRATEGIC ALLIANCES, WE MAY NOT
GENERATE INCREASED TRADING IN OUR ELECTRONIC MARKETPLACES.
We expect to enter into strategic alliances with other market participants,
such as retail brokers, exchanges, market makers, clearinghouses and technology
companies, in order to increase client access to and use of our electronic
marketplaces. We cannot assure you that we will be able to enter into these
strategic alliances on terms that are favorable to us, or at all. The success of
these relationships will depend on the amount of increased trading in our
electronic marketplaces by the clients of these strategic alliance partners.
These arrangements may not generate the expected number of new clients or
increased trading volume we are seeking.
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TO INCREASE AWARENESS OF OUR ELECTRONIC MARKETPLACES, WE MAY NEED TO INCUR
SIGNIFICANT MARKETING EXPENSES.
To successfully execute our business plan, we must build awareness and
understanding of our electronic marketplace services, brand and the adaptability
of our electronic marketplaces for non-financial products. In order to build
this awareness, our marketing efforts must succeed and we must provide
high-quality services. These efforts will require us to incur significant
expenses. We cannot assure you that our marketing efforts will be successful or
that the allocation of funds to these marketing efforts will be the most
effective use of those funds.
IF WE EXPERIENCE COMPUTER SYSTEMS FAILURES OR CAPACITY CONSTRAINTS, OUR ABILITY
TO CONDUCT OUR OPERATIONS COULD BE HARMED.
We internally support and maintain many of our computer systems and
networks. Our failure to monitor or maintain these systems and networks or, if
necessary, to find a replacement for this technology in a timely and
cost-effective manner, would have a material adverse effect on our ability to
conduct our operations.
We also rely and expect to rely on third parties for various computer and
communications systems, such as telephone companies, online service providers,
data processors, clearance organizations and software and hardware vendors. Our
systems, or those of our third party providers, may fail or operate slowly,
causing one or more of the following:
o unanticipated disruptions in service to our clients;
o slower response times;
o delays in our clients' trade execution;
o failed settlement by clients to whom we provide services to facilitate
settlement operations;
o decreased client service satisfaction;
o incomplete or inaccurate accounting, recording or processing of trades;
o financial losses;
o litigation or other client claims; and
o regulatory sanctions.
We cannot assure you that we will not experience systems failures from
power or telecommunications failure, acts of God or war, human error, natural
disasters, fire, power loss, sabotage, hardware or software malfunctions or
defects, computer viruses, intentional acts of vandalism and similar events. The
assets acquired by us from Cantor in the formation transactions have been
acquired by us "as is." Although Cantor has been using the systems and
technology being transferred to us in its business, there can be no assurance
that such systems and technology are entirely free from defects. To the extent
any defects are discovered, we will not have any recourse against Cantor. Any
system failure that causes an interruption in service or decreases the
responsiveness of our service, including failures caused by client error or
misuse of our systems, could damage our reputation, business and brand name.
IF WE DO NOT EFFECTIVELY MANAGE OUR GROWTH, OUR EXISTING PERSONNEL AND SYSTEMS
MAY BE STRAINED AND OUR BUSINESS MAY NOT OPERATE EFFICIENTLY.
In order to execute our business plan, we must grow significantly. This
growth will place significant strain on our personnel, management systems and
resources. We expect that the number of our employees, including technical and
management-level employees, will continue to increase for the foreseeable
future. We must continue to improve our operational and financial systems and
managerial controls and procedures, and we will need to continue to expand,
train and manage our technical workforce. We must also maintain close
coordination among our technical, compliance, accounting, finance and marketing
and sales organizations. We cannot assure you that we will manage our growth
effectively, and failure to do so could result in our business operating
inefficiently.
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IF WE ARE UNABLE TO KEEP UP WITH RAPID TECHNOLOGICAL CHANGES, WE MAY NOT BE ABLE
TO COMPETE EFFECTIVELY.
To remain competitive, we must continue to enhance and improve the
responsiveness, functionality, accessibility and features of our proprietary
software, network distribution systems and technologies. The financial services
and e-commerce industries are characterized by rapid technological change,
changes in use and client requirements and preferences, frequent product and
service introductions embodying new technologies and the emergence of new
industry standards and practices that could render our existing proprietary
technology and systems obsolete. Our success will depend, in part, on our
ability to:
o develop and license leading technologies useful in our business;
o enhance our existing services;
o develop new services and technologies that address the increasingly
sophisticated and varied needs of our existing and prospective clients;
and
o respond to technological advances and emerging industry standards and
practices on a cost-effective and timely basis.
The development of proprietary electronic trading technology entails
significant technical, financial and business risks. Further, the adoption of
new Internet, networking or telecommunications technologies may require us to
devote substantial resources to modify and adapt our services. We cannot assure
you that we will successfully implement new technologies or adapt our
proprietary technology and transaction-processing systems to client requirements
or emerging industry standards. We cannot assure you that we will be able to
respond in a timely manner to changing market conditions or client requirements.
IF WE WERE TO LOSE THE SERVICES OF MEMBERS OF MANAGEMENT AND EMPLOYEES WHO
POSSESS SPECIALIZED MARKET KNOWLEDGE AND TECHNOLOGY SKILLS, WE MAY NOT BE ABLE
TO MANAGE OUR OPERATIONS EFFECTIVELY OR DEVELOP NEW ELECTRONIC MARKETPLACES.
Our future success depends, in significant part, on the continued service
of Howard Lutnick, our Chairman and Chief Executive Officer, Frederick Varacchi,
our President and Chief Operating Officer, and our other executive officers and
managers and sales and technical personnel who possess extensive financial
markets knowledge and technology skills. We cannot assure you that we would be
able to find an appropriate replacement for Mr. Lutnick or Mr. Varacchi if the
need should arise. Any loss or interruption of Mr. Lutnick's or Mr. Varacchi's
services could result in our inability to manage our operations effectively
and/or develop new electronic marketplaces. We have not entered into employment
agreements with and we do not have "key person" life insurance policies on any
of our officers or other personnel. All of the members of our senior management
team are also officers, partners or key employees of Cantor. As a result, they
dedicate only a portion of their professional efforts to our business and
operations. We cannot assure you that the time these persons devote to our
business and operations in the future will be adequate and that we will not
experience an adverse effect on our operations due to the demands placed on our
management team by their other professional obligations. We intend to strive to
provide high quality services that will allow us to establish and maintain
long-term relationships with our clients. Our ability to do so will depend, in
large part, upon the individual employees who represent us in our dealings with
clients. The market for qualified programmers, technicians and sales persons is
extremely competitive and has grown more so in recent periods as electronic
commerce has experienced growth. We cannot assure you that we will be successful
in our efforts to recruit and retain the required personnel.
IF CANTOR OR WE ARE UNABLE TO PROTECT THE INTELLECTUAL PROPERTY RIGHTS WE
LICENSE FROM CANTOR OR OWN, OUR ABILITY TO OPERATE ELECTRONIC TRADING
MARKETPLACES MAY BE MATERIALLY ADVERSELY AFFECTED.
Our business is dependent on proprietary technology and other intellectual
property rights. We license our patented technology from Cantor. The license
arrangement is exclusive, except in the event that (1) we are unwilling to
provide to Cantor any requested services covered by the patents with respect to
a marketplace and Cantor elects not to require us to do so, or we are unable to
provide such services or (2) we do not exercise our right of first refusal to
provide to Cantor electronic brokerage services with respect to a marketplace,
in which case Cantor retains a limited right to use the patents and patent
applications solely in connection with the operation of that marketplace. We
cannot guarantee that the concepts which are the
7
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subject of the patents and patent applications covered by the license from
Cantor are patentable or that issued patents are or will be valid and
enforceable. Where patents are granted in the U.S., we can give no assurance
that equivalent patents will be granted in Europe or elsewhere, as a result of
differences in local laws affecting patentability and validity. Moreover, we
cannot guarantee that Cantor's issued patents are valid and enforceable, or that
third parties competing or intending to compete with us will not infringe any of
these patents. Despite precautions we or Cantor has taken or may take to protect
our intellectual property rights, it is possible that third parties may copy or
otherwise obtain and use our proprietary technology without authorization. It is
also possible that third parties may independently develop technologies similar
to ours. It may be difficult for us to monitor unauthorized use of our
proprietary technology and intellectual property rights. We cannot assure you
that the steps we have taken will prevent misappropriation of our technology or
intellectual property rights.
We intend to use our eSPEED (SM) service mark for the services described
herein and have applied to register that service mark in a number of
jurisdictions around the world. Although several existing third party
registrations and applications for trademarks consisting of designations similar
to ours in certain European countries have recently come to light, they are for
goods and services that are different from those being offered under our
eSPEED (SM) service mark. Although we are not presently aware of any third party
objections to our use or registration of our eSPEED (SM) service mark in these
countries, and believe we could defend against any third party claims asserted
in these countries, such registrations and applications could potentially affect
the registration, and/or limit our use, of our eSPEED (SM) service mark in these
European countries, thereby requiring us to adopt and use another service mark
for our services in such countries.
IF IT BECOMES NECESSARY TO PROTECT OR DEFEND OUR INTELLECTUAL PROPERTY RIGHTS,
WE MAY HAVE TO RESORT TO COSTLY LITIGATION.
We may have to resort to litigation to enforce our intellectual property
rights, protect our trade secrets, determine the validity and scope of the
proprietary rights of others, or defend ourselves from claims of infringement,
invalidity or unenforceability. We may incur substantial costs and diversion of
resources as a result of litigation, even if we win. In the event we do not win,
we may have to enter into royalty or licensing agreements. We cannot assure you
that an agreement would be available to us on reasonable terms, if at all.
One of the patents we license from Cantor and which relates to INTERACTIVE
MATCHING (SM) is currently the subject of litigation involving Liberty Brokerage
Investment Corporation and Liberty Brokerage Inc. This patent is exclusively
licensed to us subject to certain conditions. We will assume responsibility for
defending this suit on behalf of Cantor and its affiliates. If we are not
successful in defending this lawsuit, it could materially adversely affect our
exclusive ability to use the technology covered by the patent and our ability to
compete effectively. We have also agreed to indemnify Cantor with respect to all
costs arising in connection with or relating to this lawsuit, including any
damages or judgments. We cannot assure you that any of the patents owned or
licensed by us will be upheld by a court as valid and/or enforceable. See
"Business--Our Intellectual Property" and "--Legal Proceedings."
IF OUR SOFTWARE LICENSES FROM THIRD PARTIES ARE TERMINATED, OUR ABILITY TO
OPERATE OUR BUSINESS MAY BE MATERIALLY ADVERSELY AFFECTED.
We license software from third parties, much of which is integral to our
systems and our business. The licenses are terminable if we breach our
obligations under the license agreements. If any of these relationships were
terminated or if any of these third parties were to cease doing business, we may
be forced to spend significant time and money to replace the licensed software.
However, we cannot assure you that the necessary replacements will be available
on reasonable terms, if at all.
IF THE STRENGTH OF OUR DOMAIN NAMES IS DILUTED, THE VALUE OF OUR PROPRIETARY
RIGHTS MAY DECREASE.
We own many Internet domain names including "www.espeed.com." The
regulation of domain names in the United States and in foreign countries may
change and the strength of our names could be diluted. We may not be able to
prevent third parties from acquiring domain names that infringe or otherwise
decrease the value of our trademarks and other proprietary rights.
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IF WE INFRINGE ON PATENT RIGHTS OR COPYRIGHTS OF OTHERS, WE COULD BECOME
INVOLVED IN COSTLY LITIGATION.
Patents or copyrights of third parties may have an important bearing on our
ability to offer certain of our products and services. We cannot assure you that
we are or will be aware of all patents or copyrights containing claims that may
pose a risk of infringement by our products and services. In addition, patent
applications in the United States are generally confidential until a patent is
issued. As a result, we cannot evaluate the extent to which our products and
services may be covered or asserted to be covered by claims contained in pending
patent applications. In general, if one or more of our products or services were
to infringe patents held by others, we may be required to stop developing or
marketing the products or services, to obtain licenses to develop and market the
services from the holders of the patents or to redesign the products or services
in such a way as to avoid infringing on the patent claims, which could limit the
manner in which we conduct our operations.
On May 5, 1999, Cantor and The Board of Trade of the City of Chicago, The
New York Mercantile Exchange and The Chicago Mercantile Exchange were sued by
Electronic Trading Systems, Inc. in the United States District Court for the
Northern District of Texas (Dallas Division) for alleged infringement of Wagner
United States patent 4,903,201, entitled "Automated Futures Trade Exchange." The
patent relates to a system and method for implementing an electronic,
computer-automated futures exchange and affects only the CANTOR EXCHANGE (SM).
If the plaintiff is successful in this lawsuit, we may be required to obtain a
license to develop and market one or more of our services, to cease developing
or marketing services or to redesign those services. We cannot assure you that
we would be able to obtain these licenses or that we would be able to obtain
them at commercially reasonable rates or, if unable to obtain licenses, that we
would be able to redesign our services to avoid infringement. Therefore, this
lawsuit could materially adversely affect our ability to offer electronic
trading marketplaces in the future. See "Business--Legal Proceedings."
DUE TO INTENSE COMPETITION IN OUR INDUSTRY, OUR MARKET SHARE AND FINANCIAL
PERFORMANCE COULD SUFFER.
The electronic trading and Internet-based financial services markets are
highly competitive and many of our competitors are more established and have
greater financial resources than us. We expect that competition will intensify
in the future. Many of our competitors also have greater market presence,
engineering and marketing capabilities and technological and personnel resources
than we do. As a result, as compared to us, our competitors may:
o develop and expand their network infrastructures and service offerings
more efficiently or more quickly;
o adapt more swiftly to new or emerging technologies and changes in client
requirements;
o take advantage of acquisitions and other opportunities more effectively;
o devote greater resources to the marketing and sale of their products and
services; and
o more effectively leverage existing relationships with clients and
strategic partners or exploit more recognized brand names to market and
sell their services.
Our current and prospective competitors are numerous and include:
o Interdealer brokerage firms, including Liberty Brokerage Investment
Corporation and Garban-Intercapital plc.
o Technology companies and market data and information vendors, including
Reuters Group plc, Bloomberg L.P. and Bridge Information Systems, Inc.;
o Securities or futures exchanges or similar entities, including the
Chicago Board of Trade, the Chicago Mercantile Exchange, the Chicago
Board of Options Exchange, Eurex, the New York Stock Exchange and the
Nasdaq National Market;
o Electronic communications networks, crossing systems and similar entities
such as Investment Technology Group and Optimark Technologies Inc.; and
o Consortia such as BrokerTec Global LLC and EuroMTS.
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We believe that we may also face competition from large computer software
companies, media and technology companies and some securities brokerage firms
that are currently our clients. In addition, Market Data Corporation, which is
controlled by Iris Cantor and Rodney Fisher, has technology for electronic
trading systems that, if provided to our competitors in the wholesale market,
will be of substantial assistance to them in competing with us. Iris Cantor and
Rod Fisher are limited partners of Cantor. See "Legal Proceedings."
The number of businesses providing Internet-based financial services is
rapidly growing, and other companies, in addition to those named above, have
entered into or are forming joint ventures or consortia to provide services
similar to those provided by us. Others may acquire the capabilities necessary
to compete with us through acquisitions.
In the event we extend the application of our INTERACTIVE MATCHING (SM)
technology to conducting or facilitating auctions of consumer goods and services
over the Internet, we expect to compete with both online and traditional sellers
of these products and services. The market for selling products and services
over the Internet is new, rapidly evolving and intensely competitive. Current
and new competitors can launch new sites at a relatively low cost. We expect we
will potentially compete with a variety of companies with respect to each
product or service we offer. We may face competition from e-Bay, priceline.com,
Amazon.com and a number of other large Internet companies that have expertise in
developing online commerce and in facilitating Internet traffic, including
America Online, Microsoft and Yahoo!, which could choose to compete with us
either directly or indirectly through affiliations with other e-commerce
companies. We cannot assure you that we will be able to compete effectively with
such companies.
BECAUSE SOME OF OUR CLIENTS MAY DEVELOP ELECTRONIC TRADING NETWORKS, WE COULD
COMPETE WITH THEM IN ASPECTS OF OUR BUSINESS.
Consortia owned by some of our clients have announced their intention to
explore the development of electronic trading networks. BrokerTec Global LLC, a
proposed electronic inter-dealer fixed income broker whose members include
Citigroup, Credit Suisse First Boston, Deutsche Bank AG, Goldman Sachs Group,
Lehman Brothers, Merrill Lynch & Co., Dresdner Kleinwort Benson, ABN-AMRO and
Morgan Stanley Dean Witter, has announced its intention to develop or acquire a
facility for electronic trading of U.S. Treasury securities, Euro-denominated
sovereign debt and other fixed income securities and futures-related products.
All of the members of BrokerTec Global LLC are currently clients of Cantor and
ours. Consortia such as BrokerTec Global LLC may compete with us and our
electronic marketplaces in the future. We currently compete with a similar
consortium called EuroMTS in Europe. The members of EuroMTS include the leading
fixed income dealers in European government securities, as well as clients of
Cantor and ours.
IF WE EXPERIENCE LOW TRADING VOLUME IN SECURITIES AND FINANCIAL PRODUCTS, OUR
PROFITABILITY COULD SUFFER.
We have experienced significant fluctuations in the aggregate trading
volume of securities and financial products being traded in our marketplaces. We
expect that fluctuations in the trading volume of securities and financial
products traded in our marketplaces will occur in the future from time to time
and have a direct impact on our future operating results. This may cause
significant fluctuations in our profitability when the trading volumes are low.
IF ADVERSE ECONOMIC AND POLITICAL CONDITIONS OCCUR, SUBSTANTIAL DECLINES IN THE
U.S. AND GLOBAL FINANCIAL SERVICES MARKETS MAY RESULT AND OUR PROFITABILITY
COULD SUFFER.
The global financial services business is, by its nature, risky and
volatile and is directly affected by many national and international factors
that are beyond our control. Any one of these factors may cause a substantial
decline in the U.S. and global financial services markets, resulting in reduced
trading volume and turnover. These events could materially adversely affect our
profitability. These factors include:
o economic and political conditions in the United States and elsewhere in
the world;
o concerns over inflation and wavering institutional/consumer confidence
levels;
o the availability of cash for investment by mutual funds and other
wholesale and retail investors;
o rising interest rates;
o fluctuating exchange rates;
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o legislative and regulatory changes; and
o currency values.
In the past several years, the U.S. financial markets have achieved
historic highs. We do not believe these strong markets can continue
indefinitely. Our revenues and profitability are likely to decline significantly
during periods of stagnant economic conditions or low trading volume in the U.S.
and global financial markets.
IF OUR SYSTEMS PROVE NOT TO BE YEAR 2000 COMPLIANT, WE COULD EXPERIENCE
SIGNIFICANT BUSINESS INTERRUPTIONS.
With the Year 2000 approaching, many institutions around the world are
reviewing and modifying their computer systems to ensure that they are Year 2000
compliant. The issue, in general terms, is that many existing computer systems
and microprocessors with date functions, including those in non-information
technology equipment and systems, use only two digits to identify a year in the
date field with the assumption that the first two digits of the year are always
"19". Consequently, on January 1, 2000, computers that are not Year 2000
compliant may read the year as 1900. Systems that calculate, compare or sort
using the incorrect date may malfunction.
Because our business is dependent upon the proper functioning of our proprietary
software, technologies and computer systems, a failure of our software,
technologies or systems to be Year 2000 compliant would have a material adverse
effect on us. If not remedied, potential risks include business interruption or
shutdown, financial loss, regulatory actions, reputational harm and legal
liability.
In addition, we depend upon the proper functioning of third-party computer
and non-information technology systems. These parties include subcontractors,
such as third-party administrators, and vendors, such as software vendors and
providers of telecommunication services, quotation equipment and other
utilities. If the third parties with which we interact have Year 2000 problems
that are not remedied, disruptions may result, which could result in shutdowns
by us and financial loss, regulatory actions, reputational harm and legal
liability. Disruption or suspension of activity in the world's financial markets
is also possible. In addition, uncertainty about the success of remediation
efforts generally may cause many market participants to reduce the level of
their market activities temporarily as they assess the effectiveness of these
efforts during a "phase-in" period beginning in late 1999. This in turn could
result in a general reduction in trading and other market activities. We cannot
predict the impact that such reduction would have on us. Some of our contracts
with our clients represent that our systems will be Year 2000 compliant. For
these and other reasons, we may also be exposed to litigation with our clients
as a result of Year 2000 problems. See "Management's Discussion and Analysis of
Financial Condition and Results of Operations--Impact of the Year 2000."
BECAUSE WE EXPECT TO CONTINUE TO EXPAND OUR OPERATIONS OUTSIDE NORTH AMERICA, WE
MAY FACE SPECIAL ECONOMIC AND REGULATORY CHALLENGES THAT WE MAY NOT BE ABLE TO
MEET.
We operate electronic marketplaces throughout Europe and Asia and we plan
to further expand our operations throughout these regions in the future. There
are certain risks inherent in doing business in international markets,
particularly in the regulated brokerage industry. These risks include:
o less developed automation in exchanges, depositories and national
clearing systems;
o unexpected changes in regulatory requirements, tariffs and other trade
barriers;
o difficulties in staffing and managing foreign operations;
o fluctuations in currency exchange rates;
o reduced protection for intellectual property rights;
o seasonal reductions in business activity during the summer months; and
o potentially adverse tax consequences.
We are required to comply with the laws and regulations of foreign
governmental and regulatory authorities of each country in which we conduct
business. These may include laws, rules and regulations relating to any aspect
of the securities business, including sales methods, trade practices among
broker-
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dealers, use and safekeeping of clients' funds and securities, capital
structure, record-keeping, the financing of clients' purchases, broker-dealer
and employee registration requirements and the conduct of directors, officers
and employees. Any failure to develop effective compliance and reporting systems
could result in regulatory penalties in the applicable jurisdiction.
The growth of the Internet as a means of conducting international business
has also raised many legal issues regarding, among other things, the
circumstances in which countries or other jurisdictions have the right to
regulate Internet services that may be available to their citizens from service
providers located elsewhere. In many cases, there are no laws, regulations,
judicial decisions or governmental interpretations that clearly resolve these
issues. This uncertainty may adversely affect our ability to use the Internet to
expand our international operations, and creates the risk that we could be
subject to disciplinary sanctions or other penalties for failure to comply with
applicable laws or regulations.
IF WE ENTER NEW MARKETS, WE MAY NOT BE ABLE TO SUCCESSFULLY ADAPT OUR TECHNOLOGY
AND MARKETING STRATEGY FOR USE IN THOSE MARKETS.
We intend to leverage our eSPEED (SM) system and Cantor's relationships to
enter new markets. We cannot assure you that we will be able to successfully
adapt our proprietary software, electronic distribution networks and technology
for use in other markets. Even if we do adapt our software, networks and
technology, we cannot assure you that we will be able to attract clients and
compete successfully in any such new markets. We cannot assure you that our
marketing efforts or our pursuit of any of these opportunities will be
successful. If these efforts are not successful, we could suffer losses while
developing new marketplaces or realize less than expected earnings, which in
turn could result in a decrease in the market value of our Class A common stock.
Furthermore, these efforts may divert management attention or inefficiently
utilize our resources. We intend to create electronic marketplaces for many
financial products by the end of 2000, but there is no guarantee that we will be
able to do so.
IF WE ACQUIRE OTHER COMPANIES, WE MAY NOT BE ABLE TO INTEGRATE THEIR OPERATIONS
EFFECTIVELY.
Our business strategy contemplates expansion through the acquisition of
exchanges and other companies providing services or having technologies and
operations which are complementary to ours. Acquisitions entail numerous risks,
including:
o difficulties in the assimilation of acquired operations and products;
o diversion of management's attention from other business concerns;
o assumption of unknown material liabilities of acquired companies;
o amortization of acquired intangible assets, which would reduce future
reported earnings; and
o potential loss of clients or key employees of acquired companies.
We cannot assure you that we will be able to integrate successfully any
operations, personnel, services or products that might be acquired in the
future, and our failure to do so could adversely affect our profitability and
the value of our Class A common stock.
BECAUSE OUR BUSINESS IS SUBJECT TO EXTENSIVE GOVERNMENT AND OTHER REGULATION, WE
MAY FACE RESTRICTIONS WITH RESPECT TO THE WAY WE CONDUCT OUR OPERATIONS.
The Securities and Exchange Commission, National Association of Securities
Dealers, Inc., Commodity Futures Trading Commission and other agencies
extensively regulate the U.S. securities industry. Our international operations
may be subject to similar regulations in specific jurisdictions. Our U.S.
subsidiaries are required to comply strictly with the rules and regulations of
these agencies. As a matter of public policy, these regulatory bodies are
responsible for safeguarding the integrity of the securities and other financial
markets and protecting the interests of investors in those markets. Most aspects
of our U.S. broker-dealer subsidiaries are highly regulated, including:
o the way we deal with our clients;
o our capital requirements;
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o our financial and Securities and Exchange Commission reporting practices;
o required record keeping and record retention procedures;
o the licensing of our employees; and
o the conduct of our directors, officers, employees and affiliates.
If we fail to comply with any of these laws, rules or regulations, we may
be subject to censure, fines, cease-and-desist orders, suspension of our
business, suspensions of personnel or other sanctions, including revocation of
registration as a broker-dealer. Changes in laws or regulations or in
governmental policies could have a material adverse effect on the conduct of our
business. These agencies have broad powers to investigate and enforce compliance
and punish non-compliance with their rules and regulations. We cannot assure you
that we and/or our directors, officers and employees will be able to fully
comply with, and will not be subject to, claims or actions by these agencies.
The consumer products and services we anticipate offering through our
electronic marketplaces are likely to be regulated by federal and state
governments. Our ability to provide such services will be affected by these
regulations. The implementation of unfavorable regulations or unfavorable
interpretations of existing regulations by courts or regulatory bodies could
require us to incur significant compliance costs or cause the development of
affected markets to become impractical.
BECAUSE WE ARE SUBJECT TO RISKS ASSOCIATED WITH NET CAPITAL REQUIREMENTS, WE MAY
NOT BE ABLE TO ENGAGE IN OPERATIONS THAT REQUIRE SIGNIFICANT CAPITAL.
The Securities and Exchange Commission, Commodity Futures Trading
Commission and various other regulatory agencies have stringent rules and
regulations with respect to the maintenance of specific levels of net capital by
broker-dealers. Net capital, which is assets minus liabilities, is the net worth
of a broker or dealer, less deductions for certain types of assets. If a firm
fails to maintain the required net capital, it may be subject to suspension or
revocation of registration by the Securities and Exchange Commission or
Commodity Futures Trading Commission, and suspension or expulsion by these
regulators could ultimately lead to the firm's liquidation. If these net capital
rules are changed or expanded, or if there is an unusually large charge against
net capital, operations that require the intensive use of capital would be
limited. Also, our ability to withdraw capital from broker-dealer subsidiaries
could be restricted, which in turn could limit our ability to pay dividends,
repay debt and redeem or purchase shares of our outstanding stock. A large
operating loss or charge against net capital could adversely affect our ability
to expand or even maintain our present levels of business, which could have a
material adverse effect on our business.
As of September 24, 1999, if each of our regulated U.S. subsidiaries,
eSpeed Securities, Inc. and eSpeed Government Securities, Inc., had been subject
to the Uniform Net Capital Rule, the minimum net capital we would have had to
maintain would have been $5,000 and $25,000, respectively. At that time, eSpeed
Securities, Inc. and eSpeed Government Securities, Inc. had total net capital of
approximately $90,000, or approximately $85,000 and $65,000, respectively, in
excess of the minimum amount that would have been required. In addition, we may
be subject to net capital requirements in foreign jurisdictions.
BECAUSE WE INTEND TO OFFER ACCESS TO SOME OF OUR MARKETPLACES TO ONLINE RETAIL
BROKERS, WE ARE SUBJECT TO RISKS RELATING TO UNCERTAINTY IN THE REGULATION OF
THE INTERNET.
There are currently few laws or regulations that specifically regulate
communications or commerce on the Internet. However, laws and regulations may be
adopted in the future that address issues such as user privacy, pricing,
taxation and the characteristics and quality of products and services. For
example, the Telecommunications Act sought to prohibit transmitting various
types of information and content over the Internet. Several telecommunications
companies have petitioned the Federal Communications Commission to regulate
Internet service providers and online service providers in a manner similar to
long distance telephone carriers and to impose access fees on those companies.
This could increase the cost of transmitting data over the Internet. Moreover,
it may take years to determine the extent to which existing laws relating to
issues such as property ownership, libel and personal privacy are applicable to
the Internet. Any new laws or regulations relating to the Internet could
adversely affect our business.
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BECAUSE BROKERAGE SERVICES INVOLVE SUBSTANTIAL RISKS OF LIABILITY, WE MAY BECOME
SUBJECT TO RISKS OF LITIGATION.
Many aspects of our business, and the businesses of our clients, involve
substantial risks of liability. Dissatisfied clients frequently make claims
regarding quality of trade execution, improperly settled trades, mismanagement
or even fraud against their service providers. We and our clients may become
subject to these claims as the result of failures or malfunctions of systems and
services provided by us and may seek recourse against us. We could incur
significant legal expenses defending claims, even those without merit. An
adverse resolution of any lawsuits or claims against us could result in our
obligation to pay substantial damages.
In addition, we may also become subject to legal proceedings and claims
against Cantor and its affiliates as a result of the formation transactions.
Although Cantor has agreed to indemnify us against claims or liabilities arising
from our assets or operations prior to the formation transactions, we cannot
assure you that such claims or litigation will not harm our business. See
"Relationship with Cantor--Assignment and Assumption Agreement."
IF WE CANNOT DETER EMPLOYEE MISCONDUCT, WE MAY BE HARMED.
There have been a number of highly publicized cases involving fraud or
other misconduct by employees in the financial services industry in recent
years, and we run the risk that employee misconduct could occur. Misconduct by
employees could include hiding unauthorized or unsuccessful activities from us.
In either case, this type of conduct could result in unknown and unmanaged risks
or losses. Employee misconduct could also involve the improper use of
confidential information, which could result in regulatory sanctions and serious
reputational harm. It is not always possible to deter employee misconduct, and
the precautions we take to prevent and detect this activity may not be effective
in all cases.
BECAUSE OUR BUSINESS IS DEVELOPING, WE CANNOT PREDICT OUR FUTURE CAPITAL NEEDS
OR OUR ABILITY TO SECURE ADDITIONAL FINANCING.
We anticipate, based on management's experience and current industry
trends, that our existing cash resources, combined with the net proceeds we will
receive from this offering, will be sufficient to meet our anticipated working
capital and capital expenditure requirements for at least the next 12 months.
However, we may need to raise additional funds to:
o increase the regulatory net capital necessary to support our operations;
o support more rapid growth in our business;
o develop new or enhanced services and products;
o respond to competitive pressures;
o acquire complementary technologies; and
o respond to unanticipated requirements.
We cannot assure you that we will be able to obtain additional financing
when needed on terms that are acceptable, if at all.
RISKS RELATED TO OUR RELATIONSHIP WITH CANTOR
BECAUSE WE DEPEND ON CANTOR'S BUSINESS, EVENTS WHICH IMPACT CANTOR'S OPERATING
RESULTS MAY HAVE A MATERIAL ADVERSE EFFECT ON OUR REVENUES.
We recognized over 46% of our revenues for the period from March 10, 1999
to September 24, 1999 from transactions in which we received amounts based on
fixed percentages of commissions paid to Cantor. Consequently, any reductions in
the amount of commissions paid to Cantor, including events which impact Cantor's
business or operating results, could have a material adverse effect on our most
significant source of revenues.
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In addition, fees paid to us by Cantor for system services represented
37.7% of our revenues for the period from March 10, 1999 to September 24, 1999.
These fee revenues are remitted to us on a monthly basis.
We are a general creditor of Cantor to the extent that there are
transaction revenues and system service fees owing to us from Cantor. Events
which negatively impact Cantor's financial position and ability to remit our
share of transaction revenues and system service fees could have a material
adverse effect on our revenues.
CONFLICTS OF INTEREST AND COMPETITION WITH CANTOR MAY ARISE.
Various conflicts of interest between us and Cantor may arise in the future
in a number of areas relating to our past and ongoing relationships, including
competitive business activities, potential acquisitions of businesses or
properties, the election of new directors, payment of dividends, incurrence of
indebtedness, tax matters, financial commitments, marketing functions, indemnity
arrangements, service arrangements, issuances of our capital stock, sales or
distributions by Cantor of its shares of our common stock and the exercise by
Cantor of control over our management and affairs. Our Joint Services Agreement
with Cantor provides that in some circumstances Cantor can unilaterally
determine the commissions that will be charged to clients for effecting trades
in marketplaces in which we collaborate with Cantor. The determination of the
nature of commissions charged to clients does not affect the allocation of
revenues that Cantor and we share with respect to those transactions. However,
in circumstances in which Cantor determines to charge clients lower commissions,
the amount that we receive in respect of our share of the commissions will
correspondingly be decreased. A majority of our directors and officers following
this offering also serve as directors and/or officers of Cantor. Simultaneous
service as an eSpeed director or officer and service as a director or officer,
or status as a partner, of Cantor could create or appear to create potential
conflicts of interest when such directors, officers and/or partners are faced
with decisions that could have different implications for us and for Cantor.
Mr. Lutnick, our Chairman and Chief Executive Officer, is the sole stockholder
of the managing general partner of Cantor. As a result, Mr. Lutnick controls
Cantor. Upon completion of this offering, Cantor will own all of the outstanding
shares of our Class B common stock, representing approximately 98% of the
combined voting power of all classes of our voting stock. Mr. Lutnick's
simultaneous service as our Chairman and Chief Executive Officer and his control
of Cantor could create or appear to create potential conflicts of interest when
Mr. Lutnick is faced with decisions that could have different implications for
us and for Cantor. See "Relationship with Cantor."
BECAUSE OUR JOINT SERVICES AGREEMENT WITH CANTOR HAS A PERPETUAL TERM AND
CONTAINS NON-COMPETITION PROVISIONS AND RESTRICTIONS ON OUR ABILITY TO PURSUE
STRATEGIC TRANSACTIONS, THIS AGREEMENT MAY BECOME BURDENSOME TO OUR BUSINESS.
As part of the formation transactions, Cantor will contribute substantially
all of our assets to us. Although Cantor has agreed, subject to certain
conditions, not to compete with us in providing electronic brokerage services,
Cantor is currently engaged in financial instruments and securities transaction
execution and processing operations and other activities which are related to
the electronic trading services we provide. Our Joint Services Agreement
obligates us to perform technology support and other services for Cantor at
cost, whether or not related to our electronic brokerage services, sets forth
the ongoing revenue sharing arrangements between Cantor and us and subjects us
and Cantor to non-competition obligations. The Joint Services Agreement
precludes us from entering into lines of business in which Cantor now or in the
future may engage, or providing or assisting any third party in providing
voice-assisted brokerage services, clearance, settlement and fulfillment
services and related services, except under the limited circumstances described
under "Relationship with Cantor--Joint Services Agreement--Non-competition
Provisions." Although we believe Cantor has no plans to form, acquire or
commence any other operations similar to ours, the Joint Services Agreement
permits Cantor to perform, in limited circumstances, electronic brokerage
operations. In addition, the Joint Services Agreement imposes limitations on our
ability to pursue strategic alliances, joint ventures, partnerships, business
combinations, acquisitions and similar transactions. Because the Joint Services
Agreement has a perpetual term, even in the event of a breach by one of the
parties, and does not provide for modification under its terms, this agreement
may become burdensome for us, may
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distract us from focusing on our internal operations, may deter or discourage a
takeover of our company and may limit our ability to expand our operations. See
"Relationship with Cantor."
BECAUSE AGREEMENTS BETWEEN US AND CANTOR ARE NOT THE RESULT OF ARM'S-LENGTH
NEGOTIATIONS, WE MAY RECEIVE LOWER COMMISSIONS FROM, AND PAY HIGHER SERVICE FEES
TO, CANTOR THAN WE WOULD WITH RESPECT TO THIRD PARTY SERVICE PROVIDERS.
In connection with the formation transactions, we have entered into
Assignment and Assumption Agreements, an Administrative Services Agreement, a
Joint Services Agreement and several other agreements with Cantor relating to
the provision of services to each other and third parties. These agreements are
not the result of arm's-length negotiations because Cantor owns and controls us.
As a result, the prices charged to us or by us for services provided under the
agreements may be higher or lower than prices that may be charged by third
parties and the terms of these agreements may be generally less favorable to us
than those that we could have negotiated with third parties. See "Relationship
with Cantor."
BECAUSE WE DEPEND ON SERVICES AND ACCESS TO OPERATING ASSETS PROVIDED BY THIRD
PARTIES TO CANTOR, WE MAY NOT HAVE RECOURSE AGAINST THOSE THIRD PARTIES.
Many of the assets and services provided by Cantor under the terms of the
Administrative Services Agreement are leased or provided to Cantor by third
party vendors. As a result, in the event of a dispute between Cantor and a third
party vendor, we could lose access to, or the right to use, as applicable,
office space, personnel, corporate services and operating assets. In such a
case, we would have no recourse with respect to the third party vendor. Our
inability to use these services and operating assets for any reason, including
any termination of the Administrative Services Agreement between us and Cantor
or the agreements between Cantor and third party vendors, could result in
serious interruptions of our operations.
OUR REPUTATION MAY BE AFFECTED BY ACTIONS TAKEN BY CANTOR AND ENTITIES WHICH ARE
RELATED TO CANTOR.
Initially, Cantor will be our most significant client. Cantor holds direct
and indirect ownership and management interests in numerous other entities which
engage in a broad range of financial services and securities-related activities.
Actions taken by, and events involving, Cantor or these related companies which
are perceived negatively by the securities markets, or the public generally,
could have a material adverse effect on us and could affect the price of our
Class A common stock. In addition, events which negatively affect the financial
condition of Cantor may negatively affect us. These events could cause Cantor to
lose clients that may trade in our marketplaces, could impair Cantor's ability
to perform its obligations under the Joint Services Agreement and other
agreements Cantor enters into with us and could cause Cantor to liquidate
investments, including by selling or otherwise transferring shares of our common
stock.
IF WE BECOME SUBJECT TO LITIGATION AND OTHER LEGAL PROCEEDINGS, WE MAY BE
HARMED.
From time to time, we and Cantor may become involved in litigation and
other legal proceedings relating to claims arising from our and their operations
in the normal course of business. Cantor is currently subject to a number of
legal proceedings that could affect us. See "Business--Legal Proceedings." We
cannot assure you that these or other litigation or legal proceedings will not
materially affect our ability to conduct our business in the manner that we
expect or otherwise adversely affect us.
RISKS RELATED TO E-COMMERCE AND THE INTERNET
IF ELECTRONIC MARKETPLACES FOR SECURITIES AND FINANCIAL PRODUCTS DO NOT CONTINUE
TO GROW, WE WILL NOT BE ABLE TO ACHIEVE OUR BUSINESS OBJECTIVES.
The success of our business plan depends on our ability to create
interactive electronic marketplaces in a wide range of securities and financial
products. Historically, securities and commodities markets operated through an
open outcry format in which buyers and sellers traded securities in pits through
verbal communication. These open outcry markets have recently begun to be
supplanted with new systems which match buyers and sellers electronically. The
utilization of our interactive electronic marketplaces depends on
16
<PAGE>
the continued acceptance and utilization of these electronic securities and
commodities markets. We cannot assure you that the growth and acceptance of the
use of electronic markets will continue.
IF E-COMMERCE AND INTERNET USAGE DOES NOT CONTINUE TO GROW, WE WILL NOT BE ABLE
TO ACHIEVE OUR BUSINESS OBJECTIVES.
As part of our business strategy, we expect to do business with online and
traditional retail brokers. We expect to enable these firms to provide to their
clients access, where appropriate, to trading in fixed income securities and
futures and other wholesale financial products markets through the Internet.
Our strategic and financial objectives would be adversely impacted if
Internet usage does not continue to grow. Consumer use of the Internet as a
medium of commerce is a recent phenomenon and is subject to a high level of
uncertainty. Internet usage may be inhibited for a number of reasons, including:
o access costs;
o inadequate network infrastructure;
o security concerns;
o uncertainty of legal, regulatory and tax issues concerning the use of the
Internet;
o concerns regarding ease of use, accessibility and reliability;
o inconsistent quality of service; and
o lack of availability of cost-effective, high-speed service.
If Internet usage grows, the Internet infrastructure may not be able to
support the demands placed on it, or the Internet's performance and reliability
may decline. Similarly, Web sites have experienced interruptions in their
service as a result of outages and other delays occurring throughout the
Internet network infrastructure. If these outages or delays occur frequently,
use of the Internet as a commercial or business medium could grow more slowly or
decline. Even if Internet usage continues to grow, online trading in the
wholesale securities markets, and in particular the fixed income securities and
futures markets, may not be accepted by retail customers. This could negatively
affect the growth of our business.
OUR NETWORKS AND THOSE OF OUR THIRD PARTY SERVICE PROVIDERS MAY BE VULNERABLE TO
SECURITY RISKS, WHICH COULD MAKE OUR CLIENTS HESITANT TO USE OUR ELECTRONIC
MARKETPLACES.
We expect the secure transmission of confidential information over public
networks to be a critical element of our operations. Our networks and those of
our third party service providers, including Cantor and associated clearing
corporations, and our clients may be vulnerable to unauthorized access, computer
viruses and other security problems. Persons who circumvent security measures
could wrongfully use our information or cause interruptions or malfunctions in
our operations, which could make our clients hesitant to use our electronic
marketplaces. We may be required to expend significant resources to protect
against the threat of security breaches or to alleviate problems, including
reputational harm and litigation, caused by any breaches. Although we intend to
continue to implement industry-standard security measures, we cannot assure you
that those measures will be sufficient.
RISKS RELATED TO OUR CAPITAL STRUCTURE
BECAUSE THE VOTING CONTROL OF OUR COMMON STOCK WILL BE CONCENTRATED AMONG THE
HOLDERS OF OUR CLASS B COMMON STOCK, THE MARKET PRICE OF OUR CLASS A COMMON
STOCK MAY BE ADVERSELY AFFECTED BY DISPARATE VOTING RIGHTS.
After this offering, Cantor will beneficially own all of our outstanding
Class B common stock, representing approximately 98% of the combined voting
power of all classes of our voting stock. As long as Cantor beneficially owns a
majority of the combined voting power of our common stock, it will have the
ability, without the consent of the public stockholders, to elect all of the
members of our board of directors and to control our management and affairs. In
addition, it will be able to determine the outcome of matters submitted to a
vote of our stockholders for approval and will be able to cause or prevent a
change in control
17
<PAGE>
of our company. In certain circumstances, the Class B common stock issued to
Cantor upon consummation of the formation transactions may be transferred
without conversion to Class A common stock.
The holders of our Class A common stock and Class B common stock have
substantially identical rights, except that holders of our Class A common stock
are entitled to one vote per share, while holders of our Class B common stock
are entitled to 10 votes per share on all matters to be voted on by stockholders
in general. This differential in the voting rights and our ability to issue
additional Class B common stock could adversely affect the market price of our
Class A common stock.
DELAWARE LAW AND OUR CHARTER MAY MAKE A TAKEOVER OF OUR COMPANY MORE DIFFICULT.
Provisions of Delaware law, such as its business combination statute, may
have the effect of delaying, deferring or preventing a change in control of our
company. In addition, our Amended and Restated Certificate of Incorporation
authorizes the issuance of preferred stock, which our board of directors can
create and issue without prior stockholder approval and with rights senior to
those of our common stock, as well as additional shares of our Class B common
stock. Our Amended and Restated Certificate of Incorporation and our Amended and
Restated By-Laws include provisions which restrict the ability of our
stockholders to take action by written consent and provide for advance notice
for stockholder proposals and director nominations. These provisions may have
the effect of delaying or preventing changes of control or management of our
company, even if such transactions would have significant benefits to our
stockholders. As a result, these provisions could limit the price some investors
might be willing to pay in the future for shares of our Class A common stock.
DELAWARE LAW MAY PROTECT DECISIONS OF OUR BOARD OF DIRECTORS THAT HAVE A
DIFFERENT EFFECT ON HOLDERS OF OUR CLASS A AND CLASS B COMMON STOCK.
You may not be able to challenge decisions that have an adverse effect upon
holders of the Class A common stock if our board of directors acts in a
disinterested, informed manner with respect to these decisions, in good faith
and in the belief that it is acting in the best interests of our stockholders.
Delaware law generally provides that a board of directors owes an equal duty to
all stockholders, regardless of class or series, and does not have separate or
additional duties to either group of stockholders, subject to applicable
provisions set forth in a company's charter.
BECAUSE WE ARE A HOLDING COMPANY, WE WILL DEPEND ON OUR SUBSIDIARIES TO GENERATE
REVENUES AND DISTRIBUTE CASH TO US.
We are a holding company. Our sole assets are our equity interests in our
subsidiaries. We have no independent means of generating revenues. We will incur
income taxes on revenues that we generate. We intend to cause our subsidiaries
to distribute cash to us in amounts sufficient to cover our tax liabilities, if
any. Our subsidiaries' ability to distribute cash to us will be subject to legal
restrictions, including the net capital rules and the requirements that they
have surplus capital or earnings available for distribution. We cannot assure
you that our subsidiaries will be able to provide us with the funds necessary to
satisfy our obligations or conduct our operations as contemplated by our
business strategy.
RISKS RELATED TO THIS OFFERING
THERE HAS NOT BEEN ANY PRIOR PUBLIC MARKET FOR OUR CLASS A COMMON STOCK, AND WE
CANNOT ASSURE YOU THAT AN ACTIVE TRADING MARKET WILL DEVELOP OR BE SUSTAINED.
Prior to this offering, there has been no public market for the Class A
common stock and we cannot assure you that an active trading market will develop
or be sustained. The initial public offering price of our Class A common stock
will be determined through negotiation between us and the representatives of the
underwriters and may not be indicative of the market price for our Class A
common stock after this offering.
18
<PAGE>
THE MARKET PRICE OF OUR CLASS A COMMON STOCK MAY FLUCTUATE WIDELY AND TRADE AT
PRICES BELOW THE INITIAL PUBLIC OFFERING PRICE.
The price of our Class A common stock after this offering may fluctuate
widely, depending upon many factors, including our perceived prospects, and the
prospects of the financial industries in general, differences between our actual
financial and operating results and those expected by investors and analysts,
changes in analysts' recommendations or projections, changes in general
valuations for Internet and e-commerce-related companies, changes in general
economic or market conditions and broad market fluctuations. As a result, our
Class A common stock may trade at prices significantly below the initial public
offering price.
MANAGEMENT WILL HAVE DISCRETION OVER THE USE OF PROCEEDS WE RECEIVE FROM THIS
OFFERING AND MAY NOT USE THE FUNDS IN A MANNER THAT YOU WOULD APPROVE.
We intend to use the majority of the net proceeds we receive from this
offering for technological and product development and improvements in existing
and new marketplaces, hiring technology and other personnel to develop new
products, sales, marketing and advertising initiatives and working capital and
general corporate purposes, including possible acquisitions. Pending application
of these uses, we intend to use the net proceeds to purchase short-term
marketable securities. Our management will have broad discretion with respect to
the use of these funds and the determination of the timing of expenditures. We
cannot assure you that management will use these funds in a manner that you
would approve or that the allocations will be in the best interests of our
stockholders.
YOUR SHARE OWNERSHIP IN eSPEED WILL BE IMMEDIATELY AND SUBSTANTIALLY DILUTED.
Purchasers of our Class A common stock in this offering will experience
immediate and substantial dilution in net tangible book value of $16.05 per
share, based on an assumed initial public offering price of $18.00 per share.
FUTURE SALES OF OUR SHARES COULD ADVERSELY AFFECT THE MARKET PRICE OF OUR
CLASS A COMMON STOCK.
If our existing stockholders sell a large number of shares, or if we issue
a large number of shares of our common stock in connection with future
acquisitions, strategic alliances or otherwise, the market price of our Class A
common stock could decline significantly. Moreover, the perception in the public
market that these stockholders might sell shares of Class A common stock could
depress the market price of our Class A common stock.
Although we and our directors, executive officers and holders of common
stock and securities convertible into or exercisable or exchangeable for common
stock issued prior to this offering or in connection with the consummation of
the formation transactions have agreed pursuant to certain "lock-up" agreements
with the underwriters that we and they will not offer, sell, contract to sell,
pledge, grant any option to sell, or otherwise dispose of, directly or
indirectly, any shares of common stock or securities convertible into or
exercisable or exchangeable for common stock, subject to certain exceptions, for
a period of 180 days after the date of this prospectus without the prior written
consent of Warburg Dillon Read LLC, we and these persons may be released of this
obligation by Warburg Dillon Read LLC in its sole discretion in whole or in part
at any time with or without notice.
We plan to register an additional 5,000,000 shares of our Class A common
stock under the Securities Act within 90 days after the closing of this offering
for use by us as consideration for future acquisitions. Upon such registration,
these shares generally will be freely tradable after issuance, unless the resale
thereof is contractually restricted or unless the holders thereof are subject to
the restrictions on resale provided in Rule 145 under the Securities Act. In any
event, any registered shares so issued will be subject to contractual
restrictions and, thus, will not be freely tradable during the 180-day period
after the date of this prospectus.
After this offering, we intend to initially register 20%, or approximately
10,000,000 shares of Class A common stock, of the total outstanding shares of
our common stock, which are reserved for issuance upon exercise of options
granted under our stock option plan. If we increase our total outstanding shares
of common stock, we will register additional shares of Class A common stock so
that the stock available for issuance under our stock option plan will be
registered. Once we register these shares, they can be sold in the
19
<PAGE>
public market upon issuance, subject to restrictions under the securities laws
applicable to resales by affiliates. We also plan to register the shares of
Class A common stock issuable under our stock purchase plan. See "Shares
Eligible for Future Sale."
___________________________FORWARD-LOOKING STATEMENTS___________________________
This prospectus contains forward-looking statements that involve risks and
uncertainties. Discussions containing such forward-looking statements are found
in the material set forth under "Prospectus Summary," "Risk Factors,"
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" and "Business," as well as in this prospectus generally. When used
in this prospectus, the words "anticipate," "believe," "expect," "estimate" and
similar expressions are generally intended to identify forward-looking
statements. Our actual results could differ materially from those anticipated in
the forward-looking statements as a result of certain factors, including the
risks described in "Risk Factors" and elsewhere in this prospectus.
_________________________________USE OF PROCEEDS________________________________
If we sell the Class A common stock offered by us through this prospectus
at a public offering price of $18.00 per share, we estimate that we will receive
net proceeds (after deducting underwriting discounts and commissions and
estimated offering expenses) of $98,530,000 ($115,360,000 if the underwriters
exercise their over-allotment option in full).
We intend to use the net proceeds of this offering as follows:
o approximately $25 million will be for investment in hardware and software
for entry into new product segments, expansion of our current markets and
an increase in communication links to our clients;
o approximately $25 million will be for hiring of technology and other
professionals to develop new markets in both financial and non-financial
sectors; and
o approximately $25 million will be for marketing to current and new
institutional clients and to promote general awareness and acceptance of
the retail trading of fixed income securities and other financial
instruments.
We intend to use the remainder of the net proceeds for working capital and
general corporate purposes, including possible acquisitions. We do not currently
have any agreements with respect to any such acquisitions. The occurrence of
unforeseen events, opportunities or changed business conditions, however, could
cause us to use the proceeds of this offering in a manner other than as
described in this prospectus. Pending these uses, we intend to invest the net
proceeds we receive in short-term marketable securities. We believe that the net
proceeds of this offering and cash flows from operations will be sufficient to
fund our working capital needs and capital expenditure requirements for the
foreseeable future. We will not receive any of the proceeds from the sale of
shares by the selling stockholder of our Class A common stock.
_________________________________DIVIDEND POLICY________________________________
We intend to retain our future earnings, if any, to help finance the growth
and development of our business. We have never paid a cash dividend and we do
not expect to pay any cash dividends on our common stock in the foreseeable
future.
In the event we decide to declare dividends on our common stock in the
future, such declaration will be subject to the discretion of our board of
directors. Our board of directors may take into account such matters as general
business conditions, our financial results, capital requirements, contractual,
legal and regulatory restrictions on the payment of dividends by us to our
stockholders or by our subsidiaries to us and any such other factors as our
board of directors may deem relevant.
20
<PAGE>
____________________________________DILUTION____________________________________
The net tangible book value of our common stock, including our Class B
common stock, at September 24, 1999, before adjustment for this offering, was
$(958,542), or $(0.02) per share. Net tangible book value per share represents
the amount of total tangible assets less total liabilities, divided by the
number of shares of common stock outstanding. After giving effect to the sale of
the 6,000,000 shares of Class A common stock by eSpeed in this offering, at an
assumed initial public offering price of $18.00 per share (the midpoint of the
range set forth on the cover page of this prospectus), our net tangible book
value at September 24, 1999 would have been $97,571,458, or $1.95 per share,
calculated as follows:
<TABLE>
<S> <C> <C>
Assumed initial public offering price per share..................................... $18.00
Net tangible book value per share at September 24, 1999.................. $(0.02)
------
Increase in net tangible book value per share attributable to
new investors......................................................... 1.97
------
As adjusted net tangible book value per share after this offering................... 1.95
------
Dilution per share to new investors................................................. $16.05
------
------
</TABLE>
Assuming the underwriters' over-allotment option is exercised in full, the
net tangible book value at September 24, 1999 would have been $114,401,458, or
$2.24 per share, the immediate increase in net tangible book value of shares
owned by existing stockholders would have been $2.26 per share, and the
immediate dilution to purchasers of shares of Class A common stock in this
offering would have been $15.76 per share.
The following table summarizes at September 24, 1999, after giving effect
to the sale of the 6,000,000 shares of Class A common stock by eSpeed in this
offering at an assumed initial public offering of $18.00 per share (the midpoint
of the range set forth on the cover page of this prospectus), and the
consummation of the formation transactions as discussed in "Relationship with
Cantor--The Formation Transactions," (1) the number and percentage of shares of
common stock issued by us, (2) the total cash and non-cash consideration paid
for our common stock, and (3) the average price per share of common stock paid
by our existing stockholders to us prior to this offering and by the public
stockholders to us in this offering:
<TABLE>
<CAPTION>
SHARES OF COMMON TOTAL CASH AND NON-CASH
STOCK OWNED CONSIDERATION AVERAGE
------------------------ -------------------------- PRICE PER
NUMBER PERCENTAGE AMOUNT PERCENTAGE SHARE
---------- ---------- ------------ ---------- ---------
<S> <C> <C> <C> <C> <C>
Existing stockholders(1)....................... 44,000,000 88% $ 5,655,299 5% $ 0.13
Public stockholders(1)......................... 6,000,000 12 108,000,000 95 18.00
---------- ---- ------------ ----
Total..................................... 50,000,000 100% $113,655,299 100%
---------- ---- ------------ ----
---------- ---- ------------ ----
</TABLE>
The calculations in the tables set forth above do not reflect (1) an
aggregate of 10,000,000 shares of Class A common stock reserved for issuance
under our stock option plan, including 7,500,000 shares of Class A common stock
subject to options to be granted in connection with this offering and
(2) 127,500 shares of Class A common stock reserved for issuance upon exercise
of warrants we expect to grant upon completion of this offering. See
"Management--1999 Long-Term Incentive Plan" and "Underwriting."
- ------------------
(1) Sales by the selling stockholder in this offering will reduce the number of
shares held by existing stockholders to 41,500,000 shares, or approximately
83% of the total shares of common stock outstanding, and, together with this
offering, will result in 8,500,000 shares being held by new investors, or
17% of the total shares of common stock outstanding after this offering.
21
<PAGE>
_________________________________CAPITALIZATION_________________________________
The following table sets forth as of September 24, 1999:
o our actual capitalization after the consummation of the formation
transactions described in "Relationship with Cantor--The Formation
Transactions" and the conversion by the selling stockholder of 2,500,000
shares of Class B common stock into an equal number of shares of Class A
common stock; and
o our capitalization on an as adjusted basis to reflect the sale of the
6,000,000 shares of Class A common stock offered by us hereby at an
assumed public offering price of $18.00 per share after deducting the
estimated offering expenses and underwriting discounts and commissions
payable by us.
This information is qualified by, and should be read in conjunction with,
the financial statements and related notes appearing at the end of this
prospectus.
<TABLE>
<CAPTION>
AS OF SEPTEMBER 24, 1999
----------------------------
ACTUAL AS ADJUSTED
------------ ------------
<S> <C> <C>
Cash............................................................................... $ 200,000 $ 98,730,000
---------- ------------
---------- ------------
Stockholders' equity:
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized, no
shares issued or outstanding.................................................. $ -- $ --
Class A common stock, par value $0.01 per share; 200,000,000 shares authorized,
2,500,000 shares issued and outstanding, actual; and 8,500,000 shares issued
and outstanding, as adjusted.................................................. 25,000 85,000
Class B common stock, par value $0.01 per share; 100,000,000 shares authorized,
41,500,000 issued and outstanding, actual; and 41,500,000 shares issued and
outstanding, as adjusted...................................................... 415,000 415,000
Additional paid-in capital......................................................... 5,215,299 103,685,299
Accumulated deficit................................................................ (6,613,841) (6,613,841)
---------- ------------
Total stockholders' equity.................................................... (958,542) 97,571,458
---------- ------------
Total capitalization............................................................... $ (958,542) $ 97,571,458
---------- ------------
---------- ------------
</TABLE>
22
<PAGE>
_____________________________SELECTED FINANCIAL DATA____________________________
The following selected financial data for eSpeed should be read in
conjunction with "Management's Discussion and Analysis of Financial Condition
and Results of Operations" and with the audited financial statements, related
notes and other financial information beginning on page F-1. The results of
operations for the period ended September 24, 1999 are not necessarily
indicative of the results that may be expected for the full year ending December
31, 1999, or any other future period.
<TABLE>
<CAPTION>
FOR THE PERIOD
FROM MARCH 10,
1999 (DATE OF
COMMENCEMENT OF
OPERATIONS) TO
SEPTEMBER 24, 1999
------------------
<S> <C>
STATEMENT OF OPERATIONS DATA:(1)
Total revenues................................................................................ $ 24,139,469
------------
Expenses:
Compensation and employee benefits.......................................................... 14,704,940
Occupancy and equipment..................................................................... 6,632,436
Professional and consulting fees............................................................ 3,615,348
Communications and client networks.......................................................... 2,445,792
Transaction services fees................................................................... 1,337,282
Administrative fees......................................................................... 1,067,200
Other....................................................................................... 1,122,119
------------
Total expenses.............................................................................. 30,925,117
------------
Loss before benefit for income taxes.......................................................... (6,785,648)
Income tax benefit............................................................................ 171,807
------------
Net loss...................................................................................... $ (6,613,841)
------------
------------
PRO FORMA DATA:(2)
Pro forma net loss.......................................................................... $ (6,785,648)
Basic and diluted pro forma net loss per share.............................................. $ (0.15)
Shares of common stock outstanding.......................................................... 44,000,000
<CAPTION>
FOR THE PERIOD
FROM MARCH 10,
1999 (DATE OF
COMMENCEMENT OF
OPERATIONS) TO
STATEMENT OF FINANCIAL CONDITION: SEPTEMBER 24, 1999
------------
<S> <C>
Cash and cash equivalents..................................................................... $ 200,000
Total assets.................................................................................. 10,798,264
Total liabilities............................................................................. 11,756,806
Total stockholder's equity.................................................................... (958,542)
</TABLE>
- ------------------
(1) Excludes a one-time, non-cash charge of approximately $4 million that we
expect to incur in the fourth quarter of fiscal 1999 due to option grants we
intend to make to Cantor employees exercisable at the initial public
offering price.
(2) Pro forma data present the net loss per share data as if we were subject to
income tax as a corporation. The tax benefit for state and local tax, which
is available to us as a division of Cantor, is not available to us as a
corporation because of our net operating loss position. The determination of
shares outstanding and loss per share data reflects the effect of the
consummation of the formation transactions as discussed in "Relationship
with Cantor--The Formation Transactions" as if those events had taken place
at the beginning of the period.
23
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF
__________________FINANCIAL CONDITION AND RESULTS OF OPERATIONS_________________
The following discussion contains forward-looking statements that involve
risks and uncertainties. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of certain factors,
including those set forth in "Risk Factors" and elsewhere in this prospectus.
The following discussion is qualified in its entirety by, and should be read in
conjunction with, the more detailed information and our financial statements and
the notes thereto appearing elsewhere in this prospectus.
OVERVIEW
eSpeed was incorporated on June 3, 1999 as a Delaware corporation and,
following this offering, will operate primarily through its wholly-owned
subsidiaries, eSpeed Securities, Inc., eSpeed Government Securities, Inc.,
eSpeed Markets, Inc. and eSpeed Securities International Limited. Prior to this
offering, eSpeed was a wholly-owned subsidiary of, and it conducted its
operations as a division of, Cantor Fitzgerald Securities, which in turn is a
99.5%-owned subsidiary of Cantor Fitzgerald, L.P. eSpeed commenced operations as
a division of Cantor on March 10, 1999, the date the first fully electronic
transaction using the eSPEED (SM) system was executed. Cantor has been
developing systems to promote fully electronic marketplaces since the early
1990's. Since January 1996, Cantor has used the eSPEED (SM) system internally to
conduct electronic trading.
Concurrent with this offering, Cantor is contributing to us, and we are
acquiring from Cantor, substantially all of our assets. These assets primarily
consist of proprietary software, network distribution systems, technologies and
other related contractual rights that comprise our eSPEED (SM) system. See
"Relationship with Cantor--The Formation Transactions."
Since commencing operations, we have relied on Cantor to provide financing
and cash flow for our operations and we have incurred a net loss over this
period. This loss primarily results from expenditures on our technology and
infrastructure incurred in building our revenue base. Our focus for the
immediate future is to enable fully electronic trading of additional financial
products and to aggressively seek to migrate Cantor's existing clients to our
eSPEED (SM) system.
As of September 24, 1999, we had an accumulated net loss of $6,613,841. We
expect that we will continue to incur losses and generate negative cash flow
from operations for the foreseeable future as we continue to develop our systems
and infrastructure and expand our brand recognition and client base through
increased marketing efforts. In light of the rapidly changing nature of our
business and our limited operating history, we believe that period-to-period
comparisons of our operating results will not necessarily be meaningful and
should not be relied upon as an indication of future performance.
If we were subject to income tax as a corporation, as of September 24,
1999, the pro forma net loss would have been $6,785,648. This pro forma
adjustment reflects the tax benefit for state and local tax, which is available
to us as a division of Cantor, but is not available to us as a corporation.
Since we paid no previous taxes to state and local governments due to our net
operating loss position, we would not receive a refund.
In September 1999, our board of directors changed our fiscal year from the
last Friday of March to December 31.
24
<PAGE>
RESULTS OF OPERATIONS
The following table sets forth statement of operations data for the period
from March 10, 1999 (date of commencement of operations) to September 24, 1999.
(This accounting period was closed as of the last Friday of the month.)
<TABLE>
<CAPTION>
PERIOD FROM
MARCH 10, 1999 (DATE OF
COMMENCEMENT OF OPERATIONS) TO
SEPTEMBER 24, 1999
-------------------------------
<S> <C>
Revenues:
Transaction Revenues:
Fully electronic transactions......................................... $ 3,820,807
Voice-assisted brokerage transactions ................................ 8,382,086
Screen assisted open outcry transactions.............................. 2,831,704
-----------
Total transaction revenues..................................... 15,034,597
System services fees.................................................... 9,104,872
-----------
Total revenues................................................. 24,139,469
-----------
Expenses:
Compensation and employee benefits.................................... 14,704,940
Occupancy and equipment............................................... 6,632,436
Professional and consulting fees...................................... 3,615,348
Communications and client networks ................................... 2,445,792
Transaction services fees............................................. 1,337,282
Administrative fees................................................... 1,067,200
Other................................................................. 1,122,119
-----------
Total expenses................................................. 30,925,117
-----------
Loss before benefit for income taxes.................................... $(6,785,648)
-----------
-----------
<CAPTION>
PERIOD FROM
MARCH 10, 1999 (DATE OF
COMMENCEMENT OF OPERATIONS) TO
SEPTEMBER 24, 1999
-------------------------------
<S> <C>
Revenues:
Transaction Revenues:
Fully electronic transactions......................................... 15.8%
Voice-assisted brokerage transactions ................................ 34.7
Screen assisted open outcry transactions.............................. 11.8
-----
Total transaction revenues..................................... 62.3
System services fees.................................................... 37.7
-----
Total revenues................................................. 100.0
-----
Expenses:
Compensation and employee benefits.................................... 60.9
Occupancy and equipment............................................... 27.5
Professional and consulting fees...................................... 15.0
Communications and client networks ................................... 10.1
Transaction services fees............................................. 5.5
Administrative fees................................................... 4.5
Other................................................................. 4.6
-----
Total expenses................................................. 128.1
-----
Loss before benefit for income taxes.................................... (28.1)%
-----
-----
</TABLE>
REVENUES
Transaction Revenues
We operate interactive electronic marketplaces. We have entered into a
Joint Services Agreement with Cantor under which we and Cantor have agreed to
collaborate to provide brokerage and related services to clients in multiple
electronic markets for transactions in securities and other financial products.
In addition, we may, in our discretion, collaborate on operating markets for
non-financial products. Under this agreement, we will own and operate the
electronic trading systems and will be responsible for providing electronic
brokerage services, and Cantor will provide voice-assisted brokerage services,
clearance and settlement services and related services, such as credit and risk
management services, oversight of client suitability and regulatory compliance,
sales positioning of products and other services customary to brokerage
operations. While we have no obligation under the Joint Services Agreement to do
so, we intend to use approximately $25 million of the proceeds received by us
from this offering for sales, marketing and advertising expenses related to our
existing marketplaces and the development of new marketplaces. Under this
agreement, we and Cantor have agreed to share revenues derived from transactions
effected in the marketplaces in which we collaborate and other specified
markets.
If the transactions:
o are effected in a marketplace in which we collaborate with Cantor, are
fully electronic transactions and relate to financial products, such as
fixed income securities, futures contracts, derivatives and commodities,
that are not traded on the CANTOR EXCHANGE (SM), or products that are
traded on the CANTOR EXCHANGE (SM), then we will receive the aggregate
transaction revenues and pay to Cantor service fees equal to 35% and 20%
of the transaction revenues, respectively.
o are effected in a marketplace in which we collaborate with Cantor,
involve voice-assisted brokerage services that Cantor provides and the
transactions relate to (1) financial products that are not traded on the
CANTOR EXCHANGE (SM), or (2) products that are traded on the CANTOR
EXCHANGE (SM), then, in the case
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of a transaction described in (1), Cantor will receive the aggregate
transaction revenues and pay to us a service fee equal to 7% of the
transaction revenues, and, in the case of a transaction described in (2),
we will receive the aggregate transaction revenues and pay to Cantor a
service fee equal to 55% of the transaction revenues.
o are effected in a marketplace in which we do not collaborate with Cantor,
but in which we do provide electronic brokerage services, and (1) the
transaction relates to a financial product, then we will receive the
aggregate transaction revenues and pay to Cantor a service fee equal to
20% of the transaction and data revenues paid to or received by us or (2)
the transaction relates to a non-financial product, then we will receive
all of the transaction revenues.
o are not effected through an electronic marketplace, but are
electronically assisted, such as screen-assisted open outcry
transactions, then Cantor receives the aggregate transaction revenues and
pays to us a service fee equal to 2.5% of the transaction revenues.
We are pursuing an aggressive strategy to convert most of Cantor's
financial marketplace products to our eSPEED (SM) system and, with the
assistance of Cantor, to continue to create new markets and aggressively convert
new clients to our eSPEED (SM) system. Other than Cantor, no client of ours
accounts for more than 10% of our transaction revenues.
The process of converting these marketplaces includes modifying existing
Cantor trading systems to allow for transactions to be entered directly from a
client location, signing an agreement with the client, installing the hardware
and software at the client location and establishing communication lines between
us and the client.
System Services Fees
We have agreed to provide to Cantor technology support services at cost,
including (1) systems administration, (2) internal network support, (3) support
and procurement for desktops of end-user equipment, (4) operations and disaster
recovery services, (5) voice and data communications, (6) support and
development of systems for clearance and settlement services, (7) systems
support for Cantor brokers, (8) electronic applications systems and network
support for the unrelated dealer businesses with respect to which we will not
collaborate with Cantor and (9) provision and/or implementation of existing
electronic applications systems, including improvements and upgrades thereto,
and use of the related intellectual property rights, having potential
application in a gaming business. These revenues are received from Cantor and
represented 37.7% of revenues for the period from March 10, 1999 to September
24, 1999.
EXPENSES
Compensation and employee benefits
We currently employ approximately 330 professionals, substantially all of
whom are full time employees who are located predominantly in New York and
London. Compensation costs include salary, bonus accruals, payroll taxes and
costs of employer-provided medical benefits for our employees. We anticipate
granting approximately 300,000 stock options to certain employees of Cantor at
an exercise price per share equal to the initial public offering price. This
will result in an estimated, one time non-cash charge to eSpeed of approximately
$4 million. We intend to hire additional technical, sales and marketing, product
development and administrative personnel from within and outside Cantor in order
to expand our business. As a result, we anticipate that compensation expense may
increase significantly in subsequent periods.
Occupancy and equipment
Occupancy and equipment costs include depreciation on computer and
communications equipment and amortization of software owned by us, lease costs
of other fixed assets leased by us from Cantor and a charge for premises costs
from Cantor. Fixed assets are reflected as if they were contributed to us by
Cantor in a non-cash transaction effective March 10, 1999 at their then current
net book value (cost less accumulated depreciation) of $7,370,560. Cantor leases
from third parties under operating lease arrangements certain computer related
fixed assets that we have the right to use at rates intended to equal costs
incurred by
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Cantor. Our equipment expenses should increase as we continue to invest in
technology and related equipment.
Professional and consulting fees
Professional and consulting fees consist primarily of consultant costs paid
to outside computer professionals who perform specialized enhancement activities
for us. We currently have approximately 20 contracted consultants and additional
outside service providers working under short-term contracts costing
approximately $500,000 per month in the aggregate. The costs of professional
legal counsel engaged to defend the patents used in our business amounted to
approximately $344,000 for the period from March 10, 1999 to September 24, 1999.
Our professional and consulting expenses will likely increase over the
foreseeable future.
Communications and client networks
Communications costs include the costs of local and wide area network
infrastructure, the cost of establishing the client network linking clients to
us, data and telephone lines, data and telephone usage and other related costs.
We expect such costs to increase as we continue to expand into new marketplaces
and geographic locations and establish additional communication links with
clients. However, certain communications costs are decreasing globally due to
increased competition in the communications industry. This may or may not result
in a decrease in our communications costs.
Transaction services fees
Under the Joint Services Agreement, we are required to pay to Cantor a
transaction services fee of 20% or 35%, depending on the type of transaction, of
commissions paid by clients related to fully electronic transactions. As we
continue to sign up new clients, in conjunction with Cantor, and the volume of
business processed in the fully electronic brokerage channel increases, this
expense and associated revenues will also increase. See "Relationship with
Cantor--Joint Services Agreement."
Administrative fees
An Administrative Services Agreement with Cantor has been entered into
under which Cantor has agreed to provide various administrative services to us,
including, but not limited to, accounting, tax, legal and human resources, and
we have agreed to provide sales and marketing services at cost to Cantor. We are
required to reimburse Cantor for its costs of providing these services plus an
allocation of overhead. We have provided for the cost of such services in our
financial statements under the terms set forth in the Administrative Services
Agreement as if it was effective for the period from March 10, 1999 to
September 24, 1999. This amount averaged approximately $150,000 per month for
the period from March 10, 1999 to September 24, 1999. As we expand our business,
the services provided by Cantor, and accordingly the expense, will likely also
increase. As circumstances warrant, we will consider adding employees to take
over these services from Cantor. See "Relationship with Cantor--Administrative
Services Agreement."
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Other expenses
Other expenses consist primarily of travel, promotional and entertainment
expenditures. These expenses will also continue to increase over the foreseeable
future as we seek to expand our business.
QUARTERLY RESULTS OF OPERATIONS
The following table sets forth, by quarter, statement of operations data
for the period from March 10, 1999 (date of commencement of operations) to
September 24, 1999. Results of any period are not necessarily indicative of
results for a full year.
<TABLE>
<CAPTION>
QUARTER ENDED YEAR TO DATE
MARCH 10 TO QUARTER ENDED SEPTEMBER 24, SEPTEMBER 24,
MARCH 26, 1999 JUNE 25, 1999 1999 1999
-------------- ------------- ------------- --------------
<S> <C> <C> <C> <C>
Revenues:
Transaction Revenues:
Fully electronic transactions................... $ 76,621 $ 1,153,471 $ 2,590,715 $ 3,820,807
Voice-assisted brokerage transactions........... 664,597 3,900,345 3,817,144 8,382,086
Screen assisted open outcry transactions........ 379,316 1,376,962 1,075,426 2,831,704
---------- ----------- ----------- ------------
Total transaction revenues................... 1,120,534 6,430,778 7,483,285 15,034,597
System services fees.............................. 827,716 4,138,578 4,138,578 9,104,872
---------- ----------- ----------- ------------
Total revenues............................... 1,948,250 10,569,356 11,621,863 24,139,469
---------- ----------- ----------- ------------
Expenses:
Compensation and employee benefits.............. 1,267,838 6,403,446 7,033,656 14,704,940
Occupancy and equipment......................... 676,023 2,854,350 3,102,063 6,632,436
Professional and consulting fees................ 185,985 1,596,097 1,833,266 3,615,348
Communications and client networks.............. 221,159 1,103,081 1,121,552 2,445,792
Transaction services fees....................... 26,817 403,715 906,750 1,337,282
Administrative fees............................. 93,701 461,266 512,233 1,067,200
Other........................................... 15,235 500,034 606,850 1,122,119
---------- ----------- ----------- ------------
Total expenses............................... 2,486,758 13,321,989 15,116,370 30,925,117
---------- ----------- ----------- ------------
Loss before benefit for income taxes.............. $ (538,508) $(2,752,633) $(3,494,507) $ (6,785,648)
---------- ----------- ----------- ------------
---------- ----------- ----------- ------------
</TABLE>
As of March 26, 1999, June 25, 1999 and September 24, 1999, three, 10 and
45 of our clients, respectively, had fully electronic trading capabilities
through us. As of November 15, 102 of our clients had fully electronic
capabilities through us.
LIQUIDITY AND CAPITAL RESOURCES
During the period from March 10, 1999 to September 24, 1999, we generated
cash from operations of $3,602,564. This was attributable to offsetting the
costs of funding our net loss of $6,613,841 through amounts payable to Cantor
and accruals for compensation and benefits.
Our cash flow is comprised of transaction revenues and system services fees
from Cantor, and charges from Cantor of various fees, occupancy costs and other
expenses paid by Cantor on our behalf. In acting in its capacity as a broker,
Cantor will process and settle the transaction and, as such, collect/pay the
funds necessary to clear the transaction with the counterparty. In doing so,
Cantor will receive our commission on the transaction, and in accordance with
the Administrative Services Agreement and the Joint Services Agreement, will
remit the gross amount of the commission owed to us. Under the Administrative
Services Agreement and the Joint Services Agreement, any net receivable or
payable will be settled monthly at the discretion of the parties.
Our ability to withdraw capital from our regulated broker-dealer
subsidiaries could be restricted, which in turn could limit our ability to pay
dividends, repay debt and redeem or purchase shares of our outstanding stock.
We believe that cash flows from operations and the net proceeds of this
offering will be sufficient to fund our working capital needs and capital
expenditure requirements for the forseeable future. In the event we consummate
any acquisitions, we may need to incur indebtedness or raise public or private
debt or issue
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<PAGE>
equity to help finance any such acquisitions. There is no assurance that any
such financing will be obtainable on acceptable terms or at all.
IMPACT OF THE YEAR 2000
The year 2000 computer problem refers to the potential for system and
processing failures of date related data as a result of computer controlled
systems using two digits rather than four to define the applicable year. For
example, computer programs that have time sensitive software may recognize a
date represented as 00 as the year 1900 rather than the year 2000. This could
result in a system failure or miscalculations causing disruptions in operations,
including, among other things, a temporary inability to process transactions,
send transmissions to clearing agents or engage in similar normal business
activities.
Our year 2000 plan is part of normal day-to-day Information Technology
department efforts, using existing staff. Over 150 Information Technology
employees, including 20 systems managers from eSpeed and other managers from
Cantor, are responsible for addressing potential year 2000 problems, including
identification, assessment, repair and testing of their respective applications
and systems. Year 2000 managers meet monthly to discuss critical paths, modify
priorities to adjust to unforeseen problems and review the master year 2000
project plan.
We and Cantor believe we have thoroughly tested all mission critical
systems using the testing procedures and key dates that have been established
for the Wall Street testing program conducted by the Securities Industry
Association. In order to ensure compliance, each system must complete four
levels of testing:
(1) unit testing to determine whether each individual application's
functionality remained intact;
(2) integration testing to validate two or more compliant systems perform
as expected;
(3) point-to-point testing to validate that clients still have expected
functionality; and
(4) industry-wide testing to show functionality between other participants.
In addition, all applications have participated in individual
point-to-point testing as required.
We and Cantor have completed our internal information technology and
non-information technology assessment and testing, and we believe that our and
Cantor's internal software and hardware systems will function properly with
respect to dates in the year 2000 and thereafter. Our and Cantor's contingency
plan in the event of any system failure due to the year 2000 problem will be to
manually process trades.
Cost
Based on our and Cantor's assessment to date, our and Cantor's combined
costs associated with upgrades to hardware and software, testing and remediating
our systems are approximately $9.0 million. The majority of this was incurred
prior to our commencement of operations. We anticipate incurring an additional
$150,000 to complete our year 2000 project activities.
Risks
Because we and Cantor are dependent, to a very substantial degree, upon the
proper functioning of computer systems, the failure of any computer system to be
year 2000 compliant could materially adversely affect us. Failure of this kind
could, for example, cause execution of trades to be inefficient or even to fail,
lead to incomplete or inaccurate accounting, recording or processing of trades
or result in generation of erroneous results or adversely affect our ability to
develop new products. If not remedied, potential risks include business
interruption or shutdown, financial loss, regulatory actions, reputational harm
and legal liability.
MARKET RISK ISSUES
In the normal course of business, we maintain no inventory of securities
and, as such, we are not subject to market risk on investments.
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<PAGE>
____________________________________BUSINESS____________________________________
OVERVIEW OF OUR BUSINESS
We operate global interactive electronic marketplaces designed to enable
market participants to trade financial instruments and other products
instantaneously, more effectively and at lower cost than traditional trading
methods. Our marketplaces are currently used by most of the largest financial
institutions and wholesale market participants to trade in a wide range of
global fixed income securities, futures, options and other financial
instruments. These financial instruments include government securities
denominated in U.S. dollars, Euros, Yen, British Pounds Sterling, Canadian
dollars and currencies of emerging market countries, as well as securities of
U.S. agencies, municipal securities, Eurobonds, corporate bonds and other global
fixed income securities and U.S. Treasury futures. We operate the largest global
electronic marketplace for U.S. Treasury securities and leading global
electronic marketplaces for the other fixed income securities and financial
instruments, most of which have been converted or are being converted to our
eSPEED (SM) electronic trading platform. Our current marketplaces process
financial instrument transactions of over $150 billion per day, of which more
than $6 billion are wholly-electronic orders not involving any person as an
intermediary. Our revenues are driven by trading activity and volumes in our
marketplaces.
We believe we operate the only electronic marketplaces used for trading in
multiple securities and financial and non-financial instruments on a global
basis. We also operate a U.S. Treasury futures exchange marketplace that is
known as the CANTOR EXCHANGE (SM). It is the first fully electronic futures
exchange for the trading of U.S. Treasury futures and, we expect, will serve as
our platform for the electronic trading of a broad range of futures contracts
globally. Over 500 institutions worldwide participate in our marketplaces,
including all of the 25 largest bond trading firms in the world, as identified
by Euromoney Magazine. Most of these institutions use our proprietary
eSPEED (SM) screen displays and/or trading platforms, which allow us to deliver
information and execute transactions instantaneously through their computer
security barriers that permit or exclude entry into their internal network. We
have devoted significant resources to developing client arrangements, providing
point-to-point communication links, and creating proprietary software to
establish connectivity through these security barriers in order to deliver data
and execute transactions for our clients on a secure basis.
Our interactive electronic marketplaces are powered by our eSPEED (SM)
system, which employs our private, instantaneous, electronic network and
proprietary transaction processing software. Our system supports execution of
trades internally by Cantor and enables fully electronic trading by our clients.
We believe these components form one of the most robust trading systems in the
world. The network is distributed and permits market participants to view
information and execute trades in a fraction of a second from locations around
the globe. Our trades are processed using INTERACTIVE MATCHING (SM), our
proprietary, rules-based trading method that interactively executes the orders
of multiple market participants. INTERACTIVE MATCHING (SM) encourages trading by
giving the successful active participant in a transaction a time-based right of
first refusal on the next sale/purchase. Some of the rules employed in
INTERACTIVE MATCHING (SM) provide participants that expose their orders to the
market with priority in the interactive auction process. Because of its unique
trading rules, we believe that INTERACTIVE MATCHING (SM) is attractive to both
large and small market participants and represents a competitive advantage over
other existing electronic trading systems.
Concurrent with this offering, Cantor is contributing to us the proprietary
software, network distribution systems, technologies and related contractual
rights that comprise our eSPEED (SM) system. We will work to provide multiple
electronic markets for transactions in securities, other financial instruments
and other financial and non-financial products. Cantor will continue to provide
telephonic access for those clients who wish to trade via telephone. Clients
dealing with Cantor who prefer the more rapid and less costly method of trading
via fully electronic means will have their transactions routed through our
eSPEED (SM) system. Cantor or other third parties will provide clearing and
other transaction support services in trades in which we participate. Cantor
currently operates the largest wholesale marketplace for U.S. Treasury
securities and leading marketplaces for many other fixed income securities and
financial instruments. Cantor also operates other non-financial markets, such as
energy, commodities and acid rain emissions. We have converted 11 of
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<PAGE>
the largest Cantor marketplaces, including U.S. Treasury and European government
securities, to our electronic trading platform. We intend to convert most of
Cantor's remaining marketplaces to our electronic trading platform by the end of
2000. Cantor has been a leading global broker-dealer of fixed income securities
over the past 25 years. Cantor developed the world's first screen-based
brokerage market in U.S. government securities in 1972. Today, Cantor executes
in excess of $45 trillion in transaction volume annually and is a major
facilitator, and, in some cases, provider, of liquidity in numerous financial
products through its offices in the United States, Canada, Europe and Asia. We
believe our relationship with Cantor is a significant competitive advantage. Our
eSPEED (SM) system provides the only way to electronically access Cantor's
marketplaces. Consequently, we believe that clients will be strongly motivated
to use our interactive electronic marketplaces.
OUR INDUSTRY
Our initial markets include global fixed income securities, futures,
options and other financial products. However, our potential markets include any
fungible products, goods or services which can be quantified and bought or sold.
Wholesale Fixed Income Securities Trading. The fixed income securities
market is one of the largest financial markets in the world. In the United
States alone, there are over $13 trillion of fixed income securities
outstanding, and in the U.S. Government Securities market alone, there is
reported to be approximately $200 billion a day in trading just among the
primary dealers and their clients. Other fixed income instruments are traded
widely, and in Europe, Asia and the emerging markets there are another
approximately $13 trillion of fixed income securities outstanding and trading on
a daily basis. In Europe, the creation of the Euro has manifested a market
second only to the United States in breadth. We expect continued significant
growth in these fixed income markets as the issue of currency translation is
removed as an obstacle to the development of a large unified Pan-European market
for securities.
Futures and Options Trading. Futures and options trading is a leading
financial activity throughout the world, with contracts traded on a wide variety
of financial instruments, commodities and indexes. Futures and options provide
several important economic benefits, including the ability to shift or otherwise
manage market risk. In part because these markets provide the opportunity for
leveraged investments, they attract large pools of risk capital. In 1998, over
1.5 billion futures contracts were traded in the world's futures markets, and
over 750 million options contracts were traded on a variety of exchanges.
Currently, most of that trading is still being done on open outcry exchanges,
but there has been a significant movement towards the conversion of these
markets to electronic trading. To date, we believe the most successful
initiatives have been made in Europe. We believe that there is significant
opportunity in the continued conversion of these markets to electronic networks,
such as our own.
Traditional Trading Methods for Financial Marketplaces. In both the fixed
income and futures markets, trading practices historically have centered on a
method of trading known as open outcry, where all trading activity is focused on
a central physical location, or pit. This method of trading can create
significant value for the market participants in the pit, who often have access
to better and more timely market information than other market participants. All
other market participants have to access the market through this central
location. Additionally, in order to access the pit, individuals and
institutional traders must send their orders through several layers of
middlemen, who assist in handling such orders. This process is inefficient. In
today's heavily regulated open outcry U.S. futures markets, for example, an
order can be routed through multiple people during its execution, adding
significant costs to the transaction. Virtually all U.S. futures exchanges are
controlled by their members and floor traders. Professional broker dealers,
traders, institutional traders and individuals currently must trade with these
floor members, who are the market makers. These factors result in higher direct
and indirect costs of trade execution.
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<PAGE>
TRADITIONAL ORDER EXECUTION
Limitation of Traditional Trading Methods. While traditional financial
markets facilitate large volume trading, they have significant shortcomings.
Direct access is substantially limited and, therefore, many investors may not
receive efficient pricing. Transaction costs are high due to the number of
people involved in an open outcry system. Execution can be slow. Program
trading, especially programs designed to automatically and simultaneously
execute multiple trades in different, but related, financial products, is
difficult to implement because of the current manual nature of these markets.
Significant expense is also incurred in processing, confirming, clearing and
implementing compliance programs designed to monitor and manage the exposure of
individual professionals, as well as the entire enterprise. Paper and
telephone-based trading produces delayed information and results in compliance
programs that are expensive to manage and can be circumvented. Therefore,
institutions bear increased risk. These factors impede trading by limiting
volume and liquidity.
[GRAPHIC]
*The above graphic is for illustrative purposes only and is not
representative of all transactions.
Emergence of Electronic Exchanges. Many financial exchanges worldwide,
including certain exchanges in France, Germany, Japan, Sweden, Switzerland and
the United Kingdom, are now partially or completely electronic. In the United
States, however, trading in many types of financial instruments continues to be
conducted primarily on open outcry exchanges. Recently, many exchanges have
introduced side-by-side markets for voice and electronic access and, as a
result, have created separate pools of liquidity. Moreover, substantially all of
the electronic trading systems introduced internationally and in the United
States have been implemented on a regional basis. Most of these systems provide
limited market liquidity and are designed to accommodate trading in one or a
limited number of securities and financial products, typically equity
securities. We believe that wholesale market participants and institutions will
ultimately look for a limited number of marketplaces to meet most of their
trading needs. This is because market participants will not want to work with
multiple trading platforms and connect their information technology platforms
and compliance programs to a large number of disparate systems. We believe the
trend toward electronic trading will continue and will ultimately result in a
majority of markets worldwide becoming fully electronic.
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In addition, recently there has been considerable discussion regarding the
move toward the demutualization of exchanges. Exchanges have historically been
operated on a not-for-profit basis for the benefit of their respective members,
and this governance structure has limited their ability to adopt new
technologies and respond quickly to market changes. In response to technological
advances in trading systems, many exchanges are contemplating the reorganization
of their ownership and management structures and are seeking to form alliances
with strategic partners. These developments have created, and are expected to
continue to create, opportunities for strategic acquisitions and alliances.
Online Trading. Favorable investing environments and advances in
technology have led to the rapid development of online and traditional retail
brokerage businesses. Technological advances have created new and inexpensive
means for individual investors to directly access markets online and participate
in the securities markets. According to International Data Corporation, the
number of online brokerage accounts grew from approximately 1.5 million at the
end of 1996 to over 6.4 million at the end of 1998, representing $324.0 billion
in assets and over 300,000 trades per day, primarily in equity securities.
International Data Corporation also estimates that, by 2002, 30% of investors
will trade online, and there will be over 24 million online accounts, a 275%
increase from 1998. Despite the growth in online accounts and access to public
equity markets, there has been very limited access for retail Internet trading
in fixed income securities, futures, options and other wholesale financial
instruments at cost-effective pricing and spreads. We believe that the emergence
of electronic marketplaces which promote greater liquidity, enhanced access and
more efficient pricing will increase trading among retail investors.
OUR ELECTRONIC MARKETPLACE SOLUTION
We operate a private electronic network for wholesale financial markets
through which we are connected to most of the largest financial institutions
worldwide. We have installed in the offices of our existing client base,
comprising more than 500 leading dealers, banks and other financial
institutions, the technology infrastructure necessary to provide price
information and trade execution on an instantaneous basis in abroad range of
securities and financial instruments. We believe our eSPEED (SM) system enables
us to introduce and distribute a broad mix of products and services more
quickly, cost effectively and seamlessly than competitors.
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eSPEED INTERACTIVE MATCHING
[GRAPHIC]
*The above graphic is for illustrative purposes only and is not
representative of all transactions.
OUR eSPEED (SM) system:
o has a flexible design which allows us to quickly and easily add new
financial instruments in multiple currencies and trading models;
o uses a network distribution system, which we believe is one of the most
robust systems in operation, and which enables us to provide access to a
broad mix of accurate, instantaneous market data and fast and highly
reliable trade execution;
o is designed to minimize the need for human intermediaries in the trading
process by providing clients with multiple methods of accessing our
marketplaces and executing trades directly; and
o uses INTERACTIVE MATCHING (SM), our proprietary, rules-based trading
method that interactively executes buy and sell orders from multiple
market participants.
These system features enable us to operate the only integrated trading network
engaged in electronic trading in multiple products and marketplaces on a global
basis.
The benefits of our eSPEED (SM) system include the following:
Instantaneous Price Dissemination and Trade Execution. Our eSPEED (SM)
system provides clients with the ability to access pricing and other information
and execute trades instantaneously, as opposed to traditional trading methods
which provide less timely information, and less efficient trade execution.
Lower Transaction Costs. Our eSPEED (SM) system streamlines the entire
trading process by eliminating the significant layers of manual intervention
which currently exist at both the front-end of the process, including order
entry, matching and postings functions, as well as at the middle and back-end of
the process (clearance, settlement, tracking and reporting functions), resulting
in significantly lower transaction costs for our clients.
Multiple Product Program Trading. Our eSPEED (SM) system provides our
clients with the ability to execute sophisticated and complex transactions and
trading strategies, including the trading of multiple products across multiple
markets simultaneously.
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<PAGE>
Greater Accuracy and Decreased Probability of Erroneous Trades. Our
eSPEED (SM) system includes verification mechanisms at various stages of the
execution process, which result in significantly reduced manual intervention,
decreased probability of erroneous trades and more accurate execution for
clients.
Integrated Compliance and Credit Risk Functions. Our eSPEED (SM) system
includes a comprehensive range of compliance and credit risk management
components which perform several critical functions, including:
(1) continuously monitoring trading activity to ensure that clients are staying
within credit limits; (2) automatically preventing further trades once credit
limits have been exceeded; and (3) evaluating and calculating positions and risk
exposure across various products and credit limits. These risk, credit and
compliance tools are highly sophisticated and can be customized for our clients
and integrated into their information technology platforms.
Highly Efficient Pricing on Illiquid Securities. Our MOLE system enables
us to provide prices for illiquid financial products through multiple trades in
other related financial instruments. These multi-variable trades are extremely
difficult to execute in traditional markets due to their complexity and the slow
speed of manual execution.
Ability to Automate Back-Office Functions. Our eSPEED (SM) system
automates previously paper and telephone-based transaction processing,
confirmation and other functions, substantially improving and reducing the cost
of client back-offices, and enabling straight-through processing.
Improved Access for Online Retail Brokers. Our eSPEED (SM) system enables
online and traditional retail brokers to provide clients with real-time access
to previously unavailable wholesale marketplaces for fixed income securities,
futures, options and other financial instruments. We believe that this will
increase retail interest in the trading of these financial products and further
enhance the overall liquidity and efficiency of the market.
We believe our eSPEED (SM) system provides us with significant competitive
advantages over existing electronic trading systems and new entrants seeking to
develop and introduce limited electronic trading systems to the global
securities and financial instruments marketplaces. We also believe that the time
and expense required to develop and install electronic trading networks will
serve as a significant barrier to entry to many other potential competitors.
OUR GROWTH STRATEGY
Our objective is to be the leading provider of interactive electronic
marketplaces in the world. We believe we can extend our expertise in the
creation of real-time electronic marketplaces to a broad range of financial and
non-financial products and services. Our growth strategy to achieve this
objective includes the following key elements:
Focus Exclusively on Developing and Operating Interactive Electronic
Marketplaces. We intend to capitalize on the trend toward the increased use of
electronic trading platforms by focusing our business exclusively on the
development and operation of interactive electronic marketplaces worldwide. We
believe this operational focus provides us with a significant advantage over
competitors that have multiple and sometimes conflicting business objectives,
rigid business practices and cumbersome ownership structures that may impede
their ability to efficiently develop and implement electronic trading platforms
of their own.
Expand the Number of Financial and Non-Financial Products in Our Electronic
Marketplaces. Our electronic marketplaces currently handle the trading of
financial products which have among the highest average annual trading volumes
of all financial products, including U.S. government securities, U.S. Treasury
futures, non-U.S. G-7 government bonds, Eurobonds, corporate bonds, agency
securities, U.K. gilts, emerging markets securities, U.S., European and other
repurchase agreements and municipal bonds. We plan to significantly expand the
types of securities and financial products traded in our marketplaces. Our goal
is to include in our electronic marketplaces the full range of fixed income
securities, futures, options and other securities and financial products that
are currently traded in today's markets worldwide. Initially, we will focus our
expansion efforts on the securities and financial instruments traded by Cantor
that have not yet been converted to electronic trading. We expect to further
extend our marketplaces to include additional
35
<PAGE>
financial and non-financial products through a variety of approaches together
with Cantor or other strategic partners.
Convert Clients to Fully Electronic Trading. Currently, less than 4% of
the trades executed in our marketplaces, representing more than $6 billion in
volume, are executed on a fully electronic basis without the assistance of a
broker. We intend to continue to convert substantially all of Cantor's clients
to a fully electronic trading environment. We believe the ease of use, low price
and efficient execution that our electronic marketplaces afford will encourage
clients to convert their trading to fully electronic trading. We have a team of
over 30 persons dedicated to enhancing client awareness of the advantages of
electronic trading and providing client support in converting trading activity
to a fully electronic trading format, and we intend to increase that number. We
also expect to leverage Cantor's historical client relationships in connection
with these efforts.
Leverage Existing eSPEED (SM) System Connectivity to Deploy New Products
and Services. Our eSPEED (SM) system provides connectivity to, and the
opportunity to electronically interact with, a global client base that includes
dealers, banks and financial institutions at hundreds of sites around the globe.
As a result, a significant number of our major clients currently have installed
the hardware necessary to trade on a fully electronic basis. Utilizing the
existing infrastructure and flexible architecture of this system, we will be
able to install with relative ease and at marginal incremental cost, the
components that will enable a client to electronically trade in additional types
of securities and financial products. We expect access to this existing global
private trading network to enable us to introduce and distribute a broad mix of
electronic trading products and services, more quickly, cost effectively and
seamlessly than competitors without access to such a network.
Creating Online Retail Broker Access to Wholesale Markets for Fixed Income
Securities and Other Financial Products. We intend to create retail
marketplaces, where appropriate, to enable online and traditional retail brokers
to provide their clients with real-time access to previously unavailable
wholesale marketplaces for retail trading of fixed income securities, futures,
options and other financial instruments. While retail investors generally have
been able to buy and sell equity securities at the same prices and spreads as
wholesale market participants and institutional investors, this has not been the
case with fixed income securities, futures, options and other financial
instruments. We believe our eSPEED (SM) system will expand marketplaces and/or
retail volume and enhance execution for individual retail investors.
Pursue Acquisitions and Strategic Alliances. We intend to capitalize on
the highly fragmented nature of the financial marketplaces and the trends toward
exchange demutualization and consolidation among regional and global market
participants. We expect to pursue an acquisition-based growth program that will
enable us (1) to acquire complementary technologies and service capabilities in
a cost-effective manner and (2) to broaden our product base and the securities
markets in which we provide our electronic trading services. We will seek to
enter into joint ventures and other strategic alliances to create additional
liquidity in the global financial products markets and to attract new trading
participants to those markets. We believe the flexibility afforded by our
corporate governance structure will enable us to implement these strategies, as
well as to anticipate and respond to developments and trends in the global
financial markets, more efficiently than competitors, such as exchanges, which
have broadly dispersed memberships and cumbersome management structures.
Leverage Our eSPEED (SM) System for Use in Other Business-to-Business and
Consumer Markets. We believe that our eSPEED (SM) system is easily adaptable to
other products. Because of the scale of the system and its ease of adaptability,
we believe our eSPEED (SM) system and INTERACTIVE MATCHING (SM) will have
applications across a broad range of products, including Internet-based
marketplaces for a wide array of consumer goods and services, particularly those
involving multiple buyers and sellers. We are well positioned to leverage
significant costs and efforts which have been incurred to develop our
eSPEED (SM) system to quickly create electronic markets in a wide range of
products.
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<PAGE>
OUR TRADING SERVICES AND TECHNOLOGY PLATFORM
Electronic marketplaces are emerging as significant interactive mediums for
trading financial and non-financial products. In an electronic marketplace,
substantially all of the participants' actions are facilitated through an
electronic medium, such as a private electronic network or the Internet, which
limits the need for actual face-to-face or voice-to-voice participant
interaction.
In our electronic marketplaces, participants may either electronically
execute trades themselves or call brokers/terminal operators who input trade
orders for them. In a fully electronic trade, all stages of the trade occur
electronically. The participant inputs its order instructions directly into our
electronic trading system, using a keyboard, an application programming
interface or other software. The system provides to the participant, normally
within 300 milliseconds, an on-screen confirmation that the participant's order
has been accepted. Once a trade is executed, the participant receives an
on-screen trade confirmation. Simultaneously, an electronic confirmation is sent
to the participant's back office system enabling straight-through processing for
the participant. A broker/terminal operator assisted trade is executed in
substantially the same manner as an electronic trade, except the participant
telephones a broker/terminal operator who inputs the participant's order into
our electronic marketplace system.
Over time, we expect electronically brokered trading to be the predominant
trading method in our marketplaces. However, through our affiliation with
Cantor, we intend to maintain broker/terminal operator trading capabilities.
Unlike most traditional exchanges which have created side-by-side markets for
voice and electronic access and, as a result, have created separate pools of
liquidity, our markets operate seamlessly. Fully electronic and broker/terminal
operator orders are transacted within our eSPEED (SM) system, resulting in one
pool of liquidity. Retail investors will participate in our online marketplaces
for financial products through their online or traditional retail broker. Retail
investors will follow their retail brokers' order entry procedures. Once a
retail broker confirms its client's account status, suitability and
creditworthiness, our systems will route the online order to our appropriate
electronic marketplace. We will receive transactional fees from retail brokers
for enabling their retail clients to trade online in our marketplaces.
Our electronic marketplaces operate on a proven technology platform that
emphasizes scalability, performance and reliability. Our technology platform
consists of:
o a proprietary, internally developed network distribution system,
o transaction processing software which includes a proprietary order
matching engine, a credit and risk management system, security pricing
engines and associated middle and back office operations systems; and
o client interfaces.
Together, these components enable banks, broker-dealers, and other
participants in our marketplaces to cost-effectively trade financial products on
an instantaneous basis.
Network Distribution System. Our eSPEED (SM) system contains a
proprietary, sophisticated, hub and spoke digital network. This network uses
Cisco Systems network architecture and has points of presence in the major
financial hubs of the world, including New York, London, Tokyo, Frankfurt,
Paris, Milan, Chicago, Los Angeles, Toronto and Johannesburg. It is comprised of
over 50,000 miles of cable and over 800 network routers and uses 200 high
capacity super servers. This internally designed distribution network provides
connections with over 500 financial institutions, including most of the largest
financial institutions in the world. The redundant structure of the system
provides backup and re-routing of data transmission if one spoke of a hub fails.
This backup is critical to maintaining our clients' real-time connections to us.
We believe it is one of the largest and most robust interactive network
distribution systems currently in operation.
Our distribution system accepts orders and postings instantaneously and
distributes responses, generally in 300 milliseconds. The network can transport
150 million bits of information per second around the world and is currently
running at approximately 12% of capacity. In addition to our own network system,
we also distribute encrypted data and receive trading information from clients
using the services of multiple, major Internet service providers throughout the
world. These connections enable us to offer Internet-based trading to our global
clients.
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Transaction Processing Software. Our software applications have been
developed internally and are central to our eSPEED (SM) system. Our order
matching trading engines operate in real-time, facilitating efficient
interaction between buyers and sellers. Our credit and risk management systems
monitor and regulate these buyers and sellers, limiting market and credit risk.
Our pricing engines provide prices for illiquid financial products through
multiple trades in other related financial instruments. These three critical
applications work together seamlessly and are supported by middle and back
office software that verifies, confirms, reports, stores, tracks and, if
applicable, clears each trade.
o Trading Engines. Our trading engines use INTERACTIVE MATCHING (SM), our
proprietary rules-based method, to process in excess of 150 transactions
per second per product. These engines were developed to support trading
of homogeneous products, which are products with the same underlying
characteristics, such as government bonds and futures contracts, and
heterogeneous products, which are products which may be similar, but
which have some aspects that differentiate them from other products in
the same class, such as municipal bonds, corporate bonds and Eurobonds.
These trading engines are designed to be modular and flexible to allow
modification in order to apply them to other markets. In Europe, for
example, we have added a component that allows us to process the trading
of debt in multiple currencies. Our trading engines have embedded
security features and an added messaging layer to provide security from
unauthorized use. In addition, we use encryption to protect our clients
that trade over the Internet. When used together, our trading engines can
trade a wide range of homogeneous and heterogeneous products and can
handle trades ranging in size from $1,000 to billions of dollars.
We believe our systems provide incentives for clients to actively
participate in our marketplaces. For example, INTERACTIVE MATCHING (SM)
provides incentives to participate in our marketplaces by encouraging
participants to expose their orders to the market by providing them
priority in the interactive marketplace. In standard auctions, the
incentive is for participants to wait until the last moment to make a bid
or offer. Our priority rules encourage trading activity by giving the last
successful active participant a time-based right of first refusal on the
next sale/purchase. In addition, in many markets we have structured our
pricing policy to provide that the party that provides market liquidity by
inputting a price to buy or sell pays less commission (or no commission)
than the participant that acts on that price. With our pricing policies and
proprietary priority rules, our system is designed to increase activity and
to draw participants into the market. This proprietary rules-based system
is easily adaptable and, as part of our business strategy, we intend to
apply it in other non-financial markets for a variety of products and
services.
o Credit and Risk Management Systems. Our credit and risk management
systems are critical to the operation of our real-time, electronic
marketplaces. Our proprietary credit and risk management systems perform
a variety of functions: (1) they continuously monitor trades of our
clients to ensure that they have not exceeded their credit limits,
(2) they can automatically prevent further trading once a client has
reached a pre-determined credit limit, and (3) they can evaluate trade
transactions and calculate both individual positions and risk exposure
across various products and credit limits. These systems can also be made
available to our global clients to enable them to monitor the position of
their traders and their clients who participate in our marketplaces.
These systems store client data relevant to credit and risk management,
such as financial statements, credit documents, contacts and internal
analyses. These systems also enable our clients to make our electronic
marketplaces available to their clients while maintaining control of
their trading activity and risk.
o Pricing Engines. We have internally developed a number of sophisticated,
analytical software tools that permit us to price financial products that
trade in less liquid markets and for which current pricing information is
not readily available. For example, MOLE is a computer application that
enables us to offer prices and therefore create and enhance a marketplace
for financial products that have limited liquidity. MOLE currently uses
data from existing cash and futures markets to calculate pricing for
transactions where no market prices currently exist.
o Middle and Back Office Applications. Our middle and back office
applications support clearance, settlement, tracking and reporting of
trades and provide links to outside entities such as the
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<PAGE>
Government Securities Clearance Corporation, National Securities
Clearance Corporation, Depository Trust Company, SWIFT, Euroclear, New
York Clearing Corp. and most other global clearing organizations. In the
financial markets, clearance and settlement is the process by which a
security and cash payment are exchanged and the trade is completed. In
some markets, the cash and security are both passed to a clearing
organization for settlement. In other transactions, both parties send
either cash or a security to Cantor and Cantor settles the trade and
sends each party the cash or security due. Our reporting and accounting
systems are designed to ensure that all charges and commissions for a
trade are tracked and recorded. Our accounting systems are designed to
ensure that books and records are kept in accordance with regulatory
guidelines and accounting standards.
Client Interfaces. Our systems can be accessed by our clients in four ways:
o using our eSPEED (SM) proprietary software;
o using our application programming interface to write their own software
linking their networks and software applications directly to our systems;
o through our proprietary, real-time private distribution system and the
Internet, both for wholesale clients and for retail clients who
participate in our marketplaces through online and traditional retail
brokers; and
o through software developed in alliances with third-party vendors such as
QV Trading and SunGard/ASC. Our application programming interface enables
clients to conduct computer price updating, program trading and
straight-through processing.
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<PAGE>
PRODUCTS CURRENTLY TRADING ELECTRONICALLY
The following table identifies the categories of securities and financial
products which are traded in our interactive electronic marketplaces, including
the approximate average daily electronic and non-electronic trading volume of
these financial products in all markets (including our marketplaces). References
to "N/A" indicate that we have been unable to determine the market size from
reliable, independent third party sources.
<TABLE>
<CAPTION>
AVERAGE DAILY
TRADING VOLUME
(ELECTRONIC AND
WHOLESALE MARKET NON-ELECTRONIC)
FINANCIAL PRODUCTS (IN BILLIONS) DESCRIPTION
<S> <C> <C>
U.S. Government Securities $ 197.6 Debt obligations issued and backed by the full
faith and credit of the United States
government.
- ----------------------------------------------------------------------------------------------------------------
French, German and Italian $ 50.0 Debt obligations issued by the French, German
Government Bonds and Italian governments.
- ----------------------------------------------------------------------------------------------------------------
United Kingdom and other European N/A Debt obligations issued by the United Kingdom
Government Bonds and other European governments.
- ----------------------------------------------------------------------------------------------------------------
Eurobonds N/A Securities syndicated and sold internationally
that may be issued in a currency other than that
of the country of the issuer.
- ----------------------------------------------------------------------------------------------------------------
Corporate Bonds $ 10.0 Debt obligations issued by private corporations
that may pay interest periodically and return
the face value of the bond at maturity.
- ----------------------------------------------------------------------------------------------------------------
Agency Securities $ 53.3 Securities issued, or pooled, serviced and,
sometimes, guaranteed by government agencies to
finance their activities, including credit
support of home mortgages and farm credit.
- ----------------------------------------------------------------------------------------------------------------
Emerging Market Government Bonds and $ 16.8 Securities issued by the governments and other
Emerging Market Eurobonds issuers in countries with developing economies.
They include Brady Bonds, which are U.S. dollar
denominated bonds that may be fully or partially
collateralized by U.S. Treasury zero-coupon
bonds.
- ----------------------------------------------------------------------------------------------------------------
Global Repurchase Agreements and Reverse N/A Short-term sales of government securities with a
Repurchase Agreements (U.S., Europe and promise to repurchase the securities at a higher
Emerging Market Countries) price. Repos and reverse repos are typically
overnight transactions used to finance
government bonds.
- ----------------------------------------------------------------------------------------------------------------
Municipal Bonds $ 8.8 Debt obligations issued by state and local
governments.
- ----------------------------------------------------------------------------------------------------------------
Interest Rate Futures 1.1(1) Instruments that call for the delivery of
interest-bearing securities or interest rate
products or their cash equivalent at a specific
delivery (or maturity) date for an agreed upon
price (the future price) to be paid at contract
maturity. Interest rate futures exist for a
number of financial instruments, including
government securities and Eurodollar deposits.
</TABLE>
- ------------------
(1) Number of contracts in millions.
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<PAGE>
FUTURE ELECTRONIC PRODUCTS
The following tables identify the categories of securities and financial
products which we expect to be traded in our interactive electronic marketplaces
by the end of 2000, including the approximate average daily electronic and
non-electronic trading volume of these financial products in all markets.
References to "N/A" indicate that we have been unable to determine the market
size from reliable, independent third party sources.
<TABLE>
<CAPTION>
AVERAGE DAILY
TRADING VOLUME
(ELECTRONIC AND
WHOLESALE MARKET NON-ELECTRONIC)
FINANCIAL PRODUCTS (IN BILLIONS) DESCRIPTION
<S> <C> <C>
Mortgage Backed $ 73.7 Securities that represent either an ownership claim in a pool of
Securities mortgages or an obligation that is secured by a pool of
mortgages.
- ------------------------------------------------------------------------------------------------------------
Interest Rate Swaps $ 68.3 Contractual agreements entered into between two counterparties
under which each agrees to make periodic payments to each other
for an agreed upon time based on a notional amount of principal.
- ------------------------------------------------------------------------------------------------------------
Oil, Natural Gas, N/A Transactions involving the delivery or price of oil, natural
Electricity, Foreign gas, electricity or foreign currency exchange.
Exchange
- ------------------------------------------------------------------------------------------------------------
Canadian and Japanese N/A Debt obligations issued by the Canadian and Japanese
Government Bonds governments.
</TABLE>
<TABLE>
<CAPTION>
AVERAGE DAILY
TRADING VOLUME
(ELECTRONIC AND
NON-ELECTRONIC)
(IN MILLIONS OF
FUTURES CONTRACTS) DESCRIPTION
<S> <C> <C>
Equity Index Futures 169,000 Instruments that call for the delivery of the cash equivalent of
a stock index at a specific delivery (or maturity) date for an
agreed upon price (the future price) to be paid at contract
maturity.
- ------------------------------------------------------------------------------------------------------------
Foreign Exchange 108,000 Instruments that call for the delivery of foreign currency at a
Futures specific delivery (or maturity) date for an agreed upon price
(the future price) to be paid at contract maturity.
- ------------------------------------------------------------------------------------------------------------
Energy Futures 255,000 Instruments that call for the delivery of an energy-related
asset or its cash equivalent at a specific delivery (or
maturity) date for an agreed upon price (the future price) to be
paid at contract maturity. Energy futures exist for a number of
energy-related assets, including gasoline and crude oil.
- ------------------------------------------------------------------------------------------------------------
Metal Futures 65,000 Instruments that call for the delivery of a metal or its cash
equivalent at a specific delivery (or maturity) date for an
agreed upon price (the future price) to be paid at contract
maturity. Metal futures exist for a number of metals, including
gold, silver and copper.
</TABLE>
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<PAGE>
Options and options on futures products data set forth below do not include
over-the-counter traded products in which substantial volumes are traded on a
daily basis.
<TABLE>
<CAPTION>
AVERAGE DAILY
TRADING VOLUME
(ELECTRONIC AND
NON-ELECTRONIC)
(IN MILLIONS OF
OPTIONS AND OPTIONS ON FUTURES CONTRACTS) DESCRIPTION
<S> <C> <C>
Options on Interest Rate 343,000 Contractual obligations that give the holder the right
Products to buy or sell interest-bearing debt, such as Treasury
notes, certificates of deposit or securities guaranteed
by the Government National Mortgage Association, at a
specified exercise price on or before a specified
expiration date.
- -----------------------------------------------------------------------------------------------------------
Options on Equity Products 320,000 Contractual obligations that give the holder the right
to buy or sell the cash equivalent of an equity index
such as the S&P 500 at a specified exercise price on or
before a specified expiration date. An investor also
can buy or sell an option on an equity index future.
- -----------------------------------------------------------------------------------------------------------
Options on Individual Equity 1,300,000 Contractual obligations that give the holder the right
Products to buy or sell an individual stock at a specified
exercise price on or before a specified expiration
date.
- -----------------------------------------------------------------------------------------------------------
Options on Foreign Exchange 21,600 Contractual obligations that give the holder the right
Products to buy or sell a quantity of a foreign currency for a
specific amount of domestic currency at a specified
exercise price on or before a specified expiration
date.
- -----------------------------------------------------------------------------------------------------------
Options on Energy Products 48,300 Contractual obligations that give the holder the right
to buy or sell a future contract on an energy product
such as gasoline or oil at a specified exercise price
on or before a specified expiration date.
- -----------------------------------------------------------------------------------------------------------
Options on Metal Products 11,800 Contractual obligations that give the holder the right
to buy or sell a specific amount of metal such as gold
at a specified exercise price on or before a specified
expiration date.
</TABLE>
42
<PAGE>
SALES AND MARKETING
We expect to promote our electronic marketplaces and brokerage-related
services to Cantor's existing clients and new clients through a combination of
sales, advertising, marketing and co-marketing campaigns. We also expect to
leverage the historical client relationships of Cantor's employees under the
Joint Services Agreement. We intend to build and enhance the eSPEED (SM) brand
name recognition through a sales, advertising and marketing campaign. We expect
to market to retail clients through a variety of campaigns, including
co-marketing campaigns with our online and traditional retail brokers. We intend
to design our sales, marketing and advertising campaigns to promote brand
awareness and educate the marketplace regarding the nature of our electronic
marketplaces, products and services and the advantages associated with the
automation of trading activities, such as enhanced instantaneous information
flow, price transparency and more direct and cost-effective market access, tight
spreads and instantaneous trade execution.
OUR CLIENTS
Clients for our marketplaces include banks, dealers, brokers and other
wholesale market participants, over 500 of which currently participate in our
electronic marketplaces, including the 25 largest bond trading firms in the
world, as identified by Euromoney Magazine. Through our eSPEED (SM) system, we
expect to enable retail brokerage firms to expand their businesses by providing
them with the ability to offer their individual clients the option of trading
bonds and futures electronically in the same way they trade equity securities
and we expect to include other marketplaces previously unavailable to retail
investors, or not available to them at reasonable spreads or commissions. We
intend to provide to wholesale and retail investors and to Cantor access to our
electronic marketplaces and brokerage-related services supported by our
eSPEED (SM) system. We expect that a significant portion of our clients who use
brokers will migrate to fully electronic access over the coming years. We also
intend to provide to third parties and to Cantor the infrastructure, including
systems administration, internal network support and operations and disaster
recovery services, that is critical to providing fully electronic marketplaces
for trading in a wide range of financial products. Other than Cantor, no client
of ours accounts for more than 10% of our revenues.
STRATEGIC ALLIANCES
In 1997, Cantor entered into an agreement with the New York Cotton
Exchange, which, upon merging with the Coffee, Sugar & Cocoa Exchange, became
known as the New York Board of Trade. The agreement sets forth the terms and
conditions pursuant to which Cantor operates an electronic marketplace, called
the CANTOR EXCHANGE (SM), for futures contracts cleared by and under the
regulatory supervision of the New York Board of Trade. Cantor has assigned to us
all of its rights and obligations under its agreement with a subsidiary of the
New York Board of Trade to jointly operate the CANTOR EXCHANGE (SM). Under the
agreement, the New York Board of Trade, through its subsidiaries, provides
clearing and regulatory services and we provide electronic execution and related
services for the CANTOR EXCHANGE (SM).
Pursuant to the agreement, neither we nor our affiliates shall during the
term of the agreement establish in the United States an electronic market for
trading futures contracts or options on futures contracts on cotton, cheese,
coffee, sugar, cocoa, milk or frozen orange juice. We have agreed that within
the United States we shall exclusively operate for the CANTOR EXCHANGE (SM)
markets for U.S. Treasury futures and other products so designated by the CANTOR
EXCHANGE (SM). We and our affiliates may establish any electronic market that is
located physically outside the United States for such products if the New York
Board of Trade is not capable of providing regulatory or clearing services with
respect to such products.
SOFTWARE DEVELOPMENT
We devote substantial efforts to the development and improvement of our
electronic marketplaces. We will work with our clients to identify their
specific needs and make modifications to our software, network distribution
systems and technologies which are responsive to those needs. We are pursuing a
four-pronged approach to our research and development efforts: (1) internal
development; (2) strategic partnering; (3) acquisitions; and (4) licensing. We
have approximately 150 persons involved in our internal software development
efforts. Our technology team's objective will be to develop new products and
services that employ proven technology designed to provide superior electronic
trade execution and marketplace services to our clients. We will also focus our
efforts on enhancing our Web site and Internet screen interface to
43
<PAGE>
facilitate real-time markets, comply with the standard Internet security
protocol and future security protocols and migrate transactions to the public
networks in order to capitalize on the development of new commercial
marketplaces. We are continuing to develop new marketplaces and products using
our internally developed application software having open architecture and
standards. In addition, we have forged strategic alliances with organizations
such as Sungard/ASC and QV Trading through which we will work to develop
sophisticated, front-end trading applications and products. We expect to license
products from and to companies when it is cost effective or profitable to do so.
COMPETITION
The development and operation of electronic trading marketplaces in
securities and other financial instruments are evolving. As a result,
competition in these marketplaces is currently very fragmented. We expect to
face competition from a number of different sources varying in size, business
objectives and strategy. Our eSPEED (SM) system currently competes, and we
expect it to compete, directly and indirectly, with:
o traditional trading methods, including manual buy/sell order input by
registered brokers in response to telephone originated requests and
execution of trades in open outcry trading pits on exchange floors, such
as the Chicago Board of Trade, the Chicago Mercantile Exchange and other
exchanges and over-the-counter markets;
o products developed and used by exchanges and financial services firms,
such as Liberty Brokerage Investment Corporation and Garban-Intercapital
plc, seeking to act as market intermediaries;
o automated trade execution services developed by third party vendors for
commercialization in a wide range of financial products markets;
o the products and services of market data, information and communication
vendors, such as Reuters Group plc, Bloomberg L.P. and Bridge Information
Systems Inc., that have created electronic networks which link them to
most major financial institutions and that have attempted, in some cases,
to expand their networks to include trading platforms;
o consortia comprised of leading financial institutions and service
providers, such as BrokerTec Global LLC, which has announced its
intention to explore the development of electronic trading networks, and
EuroMTS; and
o in the event we extend the application of our INTERACTIVE MATCHING (SM)
technology to conducting or facilitating real-time markets in
commodity-type consumer goods and services over the Internet, both online
and traditional sellers of these products and services.
The electronic trading services we provide our wholesale clients enable
them to expand the range of services they provide to their ultimate clients,
which are also potential participants in our electronic marketplaces. We intend
to structure our relationships with our clients and conduct our operations to
mitigate the potential for this competition. We do not intend to use the access
to the customer base of our wholesale clients that we obtain in providing our
electronic trading services to compete with these wholesale clients in other
securities and financial instrument transactions.
We believe our electronic marketplaces will compete primarily on the basis
of speed, efficiency, price and ability to provide access to liquidity to market
participants.
OUR INTELLECTUAL PROPERTY
We have adopted a comprehensive intellectual property protection program to
protect our proprietary technology. We currently have licenses covering four of
Cantor's patents in the United States. One patent relates to a data processing
system and method for electronically trading select items such as fixed income
instruments. Two patents relate to a fixed income portfolio index processor. One
patent relates to a system for shared remote access of multiple application
programs by one or more computers. Foreign counterpart applications for some of
these U.S. patents have been filed. The licenses are exclusive, except in the
event that we do not seek to or are unable to provide to Cantor any requested
services covered by the patents and Cantor elects not to require us to do so.
44
<PAGE>
We also have an agreement to license several pending U.S. patent
applications relating to various other aspects of our electronic trading
systems, including both functional and design aspects. Additional patent
applications likely will be filed in the near future to further protect our
proprietary technology.
We cannot at this time determine the significance of any of the foregoing
patents, or future patents, if issued, to our business. We can give no assurance
that any of the foregoing patents is valid and enforceable, or that any of these
patents would not be infringed by a third party competing or seeking to compete
with our business.
REGULATION
The securities industry and financial markets in the United States and
elsewhere are subject to extensive regulation. As a service provider to the
securities industry and financial markets, and as a registered broker-dealer,
our business activities fall within the scope of these regulations.
Regulation of the U.S. Securities Industry and Broker-Dealers.
As a matter of public policy, regulatory bodies in the United States and
the rest of the world are charged with safeguarding the integrity of the
securities and other financial markets and with protecting the interests of
investors participating in those markets. In the United States, the Securities
and Exchange Commission is the federal agency responsible for the administration
of the federal securities laws. Our regulated U. S. subsidiaries, eSpeed
Securities, Inc. and eSpeed Government Securities, Inc., are registered with the
Securities and Exchange Commission as, respectively, a broker-dealer and a
government securities broker. They are also members of the National Association
of Securities Dealers, Inc., a self regulatory body to which most broker-dealers
belong. Certain self-regulatory organizations, such as the National Association
of Securities Dealers, Inc., adopt rules and examine broker-dealers and require
strict compliance with their rules and regulations. The Securities and Exchange
Commission and self-regulatory organization rules cover many aspects of a
broker-dealer's business, including capital structure and withdrawals, sales
methods, trade practices among broker-dealers, use and safekeeping of customer's
funds and securities, record-keeping, the financing of clients' purchases,
broker-dealer and employee registration and the conduct of directors, officers
and employees. In connection with a violation of these rules, the SEC,
self-regulatory organizations and state securities commissions may conduct
administrative proceedings which can result in censure, fine, the issuance of
cease-and-desist orders or the suspension or expulsion of a broker-dealer, its
officers or employees.
Effect of Net Capital Requirements. As a registered broker-dealer and
member of the National Association of Securities Dealers, Inc., eSpeed
Securities, Inc. is subject to the Uniform Net Capital Rule under the Exchange
Act. The Uniform Net Capital Rule specifies the minimum level of net capital a
broker-dealer must maintain and also requires that at least a minimum part of
its assets be kept in relatively liquid form. Government securities brokers must
comply with similar net capital requirements established in rules promulgated by
the U.S. Treasury Department. As of September 24, 1999, if each of our regulated
U.S. subsidiaries, eSpeed Securities, Inc. and eSpeed Government Securities,
Inc., had been subject to the Uniform Net Capital Rule, the minimum net capital
required of each would have been $5,000 and $25,000, respectively. As of that
date, each of our U.S. subsidiaries had total net capital of approximately
$90,000, or $85,000 and $65,000, respectively, in excess of the minimum amount
that would have been required as of that date.
The Securities and Exchange Commission and the National Association of
Securities Dealers, Inc. impose rules that require notification when net capital
falls below certain predefined criteria, dictate the ratio of debt to equity in
the regulatory capital composition of a broker-dealer and constrain the ability
of a broker-dealer to expand its business under certain circumstances.
Additionally, the Uniform Net Capital Rule and the National Association of
Securities Dealers, Inc. rules impose certain requirements that may have the
effect of prohibiting a broker-dealer from distributing or withdrawing capital
and requiring prior notice to the Securities and Exchange Commission and the
National Association of Securities Dealers, Inc. for certain withdrawals of
capital. Because our principal asset will be the ownership of stock in our
broker-dealer subsidiaries, these rules governing net capital and restrictions
on withdrawals of funds could operate to prevent us from meeting our financial
obligations on a timely basis.
Application of Exchange Act to Internet Business. The Securities Exchange
Act of 1934 governs, among other things, the operation of the financial products
markets and broker-dealers. When enacted, the
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Securities Exchange Act of 1934 did not contemplate the conduct of a securities
business throughout the Internet. Although the Securities and Exchange
Commission, in releases and no-actions letters, has provided guidance on various
issues related to the conduct of a securities business through the Internet, the
application of the laws to the conduct of a securities business through the
Internet continues to evolve. Uncertainty regarding these issues may adversely
affect the viability and profitability of our business.
Financial Futures and Options. Financial futures and options in financial
futures are subject to regulation by the Commodity Futures Trading Commission
under the Commodity Exchange Act, and exchanges that provide facilities for the
trading of those products are also subject to Commodity Futures Trading
Commission regulation. As a service provider to the CANTOR EXCHANGE (SM), a
futures exchange that is a designated contract market under the Commodity
Exchange Act, we could be adversely affected by changes in laws or regulations
governing the products or clients of the CANTOR EXCHANGE (SM).
Exchange Regulation. Securities exchanges must register with the
Securities and Exchange Commission and comply with various requirements of the
Securities Exchange Act of 1934. Effective April 1999, new rules expanded the
scope of exchange regulation to include many brokerage matching and execution
systems, such as the matching systems which we support. The new rules impose
various requirements relating to fair access, capacity, security, record-keeping
and reporting. Our subsidiaries expect to comply with these requirements.
Although we do not expect the compliance costs to be significant, our
subsidiaries could encounter unforseen expenses associated with operation of
these rules.
Regulation of the Non-U.S. Securities Industries and Investment Service
Providers.
The securities industry and financial markets in the European Union and
elsewhere are subject to extensive regulation. As the owner and operator of
electronic marketplaces for the securities industry and financial markets, our
business activities may fall within the scope of those regulations depending
upon the extent to which we are characterized as providing a regulated
investment service.
The securities industry in the member states of the European Union is
extensively regulated by agencies in each member state. European Union measures
provide for the mutual recognition of regulatory agencies and of prudential
supervision making possible the grant of a single authorization for the provider
of investment services which, broadly, is valid throughout the European Union.
As an investment service provider in the United Kingdom, our principal regulator
would be the Securities and Futures Authority. The conduct of an investment
business is also regulated by agencies in each of the other member states in
which we may provide investment services. The provision of investment services
is also regulated by other agencies in other jurisdictions in which we operate
such as the Securities and Futures Commission in Hong Kong and the local
government agency delegated by the Japanese Financial Supervisory Agency in
Japan.
As a matter of public policy, regulatory bodies in the European Union and
the rest of the world are charged with safeguarding the integrity of the
securities and other financial markets and with protecting the interests of
investors participating in those markets. We are seeking authorization from the
Securities and Futures Authority to provide investment services in the United
Kingdom and we intend to exercise our rights under the European Union Investment
Services Directive to provide such investment services throughout the European
Union. Similar authorization applications will be made in other jurisdictions
such as Hong Kong and Japan where such authorization is necessary to operate an
electronic marketplace.
The Securities and Futures Authority and other regulatory agencies in the
European Union may conduct administrative proceedings which can result in
censure, fine, the prevention of activities or the suspension or expulsion of an
investment services provider. The applicable investment service regulations
cover minimum financial resource requirements and conduct of business rules for
all authorized investment businesses.
Investment exchanges may be operated and authorized as investment
businesses in the European Union, subject to the provision of the Investment
Services Directive. Alternatively, investment exchanges can obtain authorization
as an investment exchange from each member state in the European Union in
accordance with the applicable regulations of that member state.
Changes in Existing Laws and Rules. Additional legislation or regulation,
changes in existing laws and rules or changes in the interpretation or
enforcement of existing laws and rules, either in the United States or
elsewhere, may directly affect our mode of operation and our profitability.
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LEGAL PROCEEDINGS
On May 5, 1999, Cantor Fitzgerald, L.P. and The Board of Trade of the City
of Chicago, The New York Mercantile Exchange and The Chicago Mercantile Exchange
were sued by Electronic Trading Systems Corporation in the United States
District Court for the Northern District of Texas (Dallas Division) for alleged
infringement of Wagner United States patent 4,903,201, entitled "Automated
Futures Trade Exchange." The patent relates to a system and method for
implementing an electronic, computer-automated futures exchange. On July 1,
1999, Cantor answered the complaint, asserting, among other things, that the
'201 patent was invalid and not infringed by Cantor and that Cantor was not the
real party in interest. Although not identified by the complaint, Cantor
believes that the system being charged with infringement is a version of the
electronic trading system used by the CANTOR EXCHANGE (SM), which Cantor is
contributing to us in connection with this offering. If the plaintiff is
successful in the lawsuit, we may be required to obtain a license to develop and
market one or more of our services, to cease developing or marketing services or
to redesign these services. We cannot assure you that we would be able to obtain
these licenses or that we would be able to obtain them at commercially
reasonable rates or, if unable to obtain licenses, that we would be able to
redesign our services to avoid infringement.
On June 21, 1999, Cantor and its affiliate CFPH, LLC, brought suit against
Liberty Brokerage Investment Corporation and Liberty Brokerage Inc. in the
United States District Court for the District of Delaware for infringement of
the Fraser et al. U.S. patent 5,905,974, entitled "Automated Auction Protocol
Processor." Cantor alleged in the complaint that Liberty was infringing the '974
patent by making, using, selling and/or offering for sale systems and methods
that embody or use the inventions claimed in the '974 patent. On August 10,
1999, Cantor and CFPH, L.L.C. voluntarily dismissed the suit without prejudice.
Subsequently, on August 10, 1999, Liberty filed an action for declaratory
judgment in the United States District Court for the District of Delaware
against Cantor and two of its affiliates, Cantor Fitzgerald Securities and CFPH,
LLC, claiming that the '974 patent was invalid, unenforceable and not infringed
by Liberty. On October 12, 1999, Cantor, Cantor Fitzgerald Securities and CFPH,
LLC moved (1) to dismiss all claims against Cantor Fitzgerald Securities for
failure to state a claim upon which relief can be granted and (2) to dismiss the
action as against Cantor, Cantor Fitzgerald Securities and CFPH, LLC for lack of
an actual case or controversy within the meaning of 28 U.S.C. Section 2201. On
November 22, 1999, the Court granted the motion to dismiss the action as against
Cantor Fitzgerald Securities, and denied the motion to dismiss the action as
against Cantor and its affiliate CFPH, LLC. We cannot assure you that we or
Cantor will bring a claim for infringement of the '974 patent against Liberty,
that the '974 patent will be found to be valid and/or enforceable or that
Liberty will be found to have infringed the '974 patent. We have assumed
responsibility for defending this suit on behalf of Cantor and its affiliates
and the risk of loss associated with it.
In February 1998, Market Data Corporation contracted with Chicago Board
Brokerage (a company controlled by the Chicago Board of Trade and Prebon Yamane)
to provide the technology for an electronic trading system to compete with
Cantor's United States Treasury brokerage business. Market Data Corporation is
controlled by Iris Cantor and Rodney Fisher, her nephew-in-law. Iris Cantor, a
company under the control of Iris Cantor referred to herein as CFI, and Rodney
Fisher are limited partners of Cantor Fitzgerald, L.P.
In April 1998, Cantor Fitzgerald, L.P. filed a complaint in the Delaware
Court of Chancery against Market Data Corporation, Iris Cantor, CFI, Rodney
Fisher and Chicago Board Brokerage seeking an injunction and other remedies. The
complaint alleges that Iris Cantor, CFI and Rodney Fisher violated certain
duties, including fiduciary duties under Cantor's partnership agreement due to
their competition with Cantor Fitzgerald, L.P. with respect to the electronic
trading system mentioned above. The complaint further alleges that Market Data
Corporation and Chicago Board Brokerage tortiously interfered with Cantor's
partnership agreement and aided and abetted Iris Cantor's, CFI's and Rodney
Fisher's breaches of fiduciary duty. Iris Cantor, CFI and Rodney Fisher
counterclaimed seeking, among other things, (1) to reform agreements they have
with Cantor Fitzgerald, L.P. and (2) a declaration that Cantor Fitzgerald, L.P.
breached the implied covenant of good faith and fair dealing. Cantor has agreed
to indemnify us for any liabilities that we incur with respect to any current or
future litigation involving (1) Market Data Corporation, (2) Iris Cantor, (3)
CFI or (4) Rodney Fisher.
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On July 12, 1998, the Court of Chancery held Cantor Fitzgerald, L.P. was
likely to succeed on the merits of its claims that Iris Cantor, CFI and Rodney
Fisher had breached their partnership obligations to Cantor but had not shown
that the defendants' conduct was likely to cause imminent irreparable harm
between the date of the opinion and a final hearing. The Court of Chancery,
therefore, denied Cantor Fitzgerald, L.P.'s request for preliminary injunctive
relief and scheduled a final trial. Cantor Fitzgerald, L.P. settled its dispute
with Chicago Board Brokerage in April 1999 and Chicago Board Brokerage
subsequently announced it was disbanding its operations. The remaining parties
have completed the final trial and the Court of Chancery's decision is expected
following post-trial oral arguments scheduled for December 7, 1999. We believe
Market Data Corporation's technology for electronic trading systems will be of
substantial assistance to competitors in the wholesale market if provided to
them.
Two related actions are pending in New York. In a case pending in the
Supreme Court of New York, New York County, plaintiff Cantor Fitzgerald, L.P.
alleges, among other things, that defendants Market Data Corporation, CFI, Iris
Cantor and Rodney Fisher misused confidential information of Cantor Fitzgerald,
L.P. in connection with the above mentioned provision of technology to Chicago
Board Brokerage. In a case pending in the United States District Court for the
Southern District of New York, CFI and Iris Cantor allege, among other things,
that certain senior officers of Cantor Fitzgerald, L.P., breached fiduciary
duties they owed to CFI. The allegations in this lawsuit relate to several of
the same events underlying the court proceedings in Delaware. Neither of these
two cases has been pursued during the pendency of the court proceedings in
Delaware.
In addition to the allegations set forth in the pending lawsuits, Cantor
has received correspondence from the attorneys representing Iris Cantor, CFI,
Market Data Corporation and Rodney Fisher in the proceedings in Delaware,
expressing a purported concern that Cantor and/or certain of its partners may be
in breach of Cantor's partnership agreement (including, among other things, the
partnership agreement's provisions relating to competition with the partnership)
and the general partnership agreement of Cantor Fitzgerald Securities with
respect to our initial public offering. Generally, these attorneys have alleged
that various purported conflicts of interest will exist arising from the fact
that certain of our directors and officers will simultaneously hold positions
with Cantor Fitzgerald, L.P. Moreover, these attorneys have asserted that our
business plan may not be consistent with certain purported rights of Market Data
Corporation (including purported intellectual property rights) and other parties
and they have requested more information regarding our initial public offering.
Although we do not expect to incur any losses with respect to the pending
lawsuits or supplemental allegations surrounding Cantor's partnership agreement,
Cantor has agreed to indemnify us with respect to any liabilities we incur as a
result of such lawsuits or allegations.
Cantor and Reuters are parties to a confidential arbitration under the
auspices of the American Arbitration Association in New York, New York, which
began in June of 1995 with respect to a January 1993 agreement among Reuters,
Cantor and Market Data Corporation. Cantor has agreed to indemnify us against
all claims asserted by Reuters or Market Data Corporation relating to this
agreement or arising out of the arbitration.
The agreement executed in 1993 involves, among other things, the delivery
by Cantor of certain market data arising out of non-United States government
bond and U.S. municipal bond interdealer brokerage transactions for transmittal
over Reuters' network. The agreement also contemplated the joint development by
Cantor and Reuters of an electronic trading system for certain transactions in
non-United States government bonds. Cantor and Reuters did not develop this
electronic trading system. In the arbitration, Reuters alleges that Cantor
materially breached the agreement primarily by failing to provide non-screen,
voice brokerage data concerning non-United States government bonds and U.S.
municipal bonds that Reuters contends are subject to the agreement and fraud.
Reuters is seeking to recover from Cantor amounts representing past payments for
market data, the reimbursement of attorneys' fees and other damages. Cantor has
denied Reuters' allegations that there has been any material breach of this
agreement or fraud, and has asserted a breach of contract claim and various
other counterclaims against Reuters, including claims for Reuters' failure since
February 1997 to pay any of the money due Cantor for data under this agreement.
In February 1997, Reuters unilaterally ceased making such payments to Cantor in
connection with the dispute and in November 1999 stopped distributing Cantor's
market data that was provided to Reuters.
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Reuters has recently asserted that, in the event it prevails in the
arbitration, it may be entitled to receive from Cantor, and possibly from us,
revenues in respect of the sale, license, dissemination, delivery or other
distribution of the data subject to this agreement. Reuters has also asserted
that, if it loses the arbitration, it could still, at the conclusion of the
arbitration, try to cure its multiple breaches and seek to have the agreement
remain in effect. Cantor believes that it did not materially breach this
agreement and believes that Reuters would not be entitled to (1) any of our
revenues, even if Reuters prevailed in the arbitration or (2) cure its own
breaches and cause the agreement to remain in effect, in the event Cantor
prevails. As stated above, Reuters ceased making payments under this agreement
in 1997 and has ceased distributing the data covered by the agreement. Cantor
has notified Reuters that Cantor has terminated the agreement based on Reuters'
material breaches.
Market Data Corporation recently made an application for an order directing
(1) Reuters to pay Cantor for providing the data, (2) Cantor to continue to
provide Market Data Corporation with data for transmission to Reuters, and (3)
Reuters to accept and distribute the data over Reuters' network. That
application has been denied on the basis of Market Data Corporation's failure to
demonstrate that monetary damages would be an inadequate remedy for any damages
it may suffer as a result of Reuters' and Cantor's actions. Even if any relief
were granted to Market Data Corporation, we do not believe it would have a
material adverse effect on our business.
Recently, the panel in the arbitration rendered a decision interpreting
certain portions of the agreement in a manner contrary to that which Cantor
believes was intended and concluded that Cantor had failed to deliver certain
non-screen, voice brokerage data to Reuters that the panel concluded was
required to be delivered under the agreement. Cantor maintains that it has not
materially breached the agreement, that any breach was cured by Cantor, that the
agreement cannot be terminated at Reuter's insistence, that Reuters has
underpaid Cantor and that, by ceasing to make payments since 1997 and
discontinuing the distribution of Cantor's data, Reuters has materially breached
the agreement. The panel has not resolved these issues and the arbitration is
still continuing.
We cannot assure you that Market Data Corporation and/or Reuters will not
seek to assert claims against us or Cantor relating to our activities, either in
the arbitration or in another proceeding. In any event, Cantor has agreed to
indemnify us with respect to any claims asserted by Reuters or Market Data
Corporation relating to the agreement or arising out of the arbitration.
EMPLOYEES
We have approximately 330 employees, five of whom are our executive
officers. None of these employees is represented by a union. We believe that we
have good relations with our employees.
PROPERTIES
Our principal executive offices are located at One World Trade Center, New
York, New York. Our principal executive offices occupy approximately
50,000 square feet of leased space which we occupy pursuant to the
Administrative Services Agreement with Cantor. Our right to use this space
expires at the time that Cantor's lease expires in 2012. We will pay Cantor
approximately $1.2 million annually for use of this space. Our largest presence
outside of New York is in London, where we have the right to use approximately
15,000 square feet of Cantor's existing office space. Our right to use this
space expires at the earlier of (1) the time that Cantor's lease expires in 2016
or (2) when Cantor ceases to be an affiliate of ours and Cantor asks us to
vacate. We will pay Cantor approximately $800,000 annually for use of this
space. We believe our facilities are adequate for our reasonably foreseeable
future needs.
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___________________________________MANAGEMENT___________________________________
The following table provides information regarding our directors, executive
officers and persons who will become our directors upon the closing of this
offering:
<TABLE>
<CAPTION>
NAME AGE TITLE
- ------------------------------------------------ --- ------------------------------------------------
<S> <C> <C>
Howard W. Lutnick............................... 38 Chairman of the Board and Chief Executive
Officer
Frederick T. Varacchi........................... 33 President and Chief Operating Officer;
Director(1)
Douglas B. Gardner.............................. 38 Vice Chairman; Director(1)
Kevin C. Piccoli................................ 42 Senior Vice President and Chief Financial
Officer
Stephen M. Merkel............................... 41 Senior Vice President, General Counsel and
Secretary
Richard C. Breeden.............................. 50 Director(1)
Larry R. Carter................................. 56 Director(1)
William J. Moran................................ 58 Director(1)
Joseph P. Shea.................................. 45 Director(1)
</TABLE>
- ------------------
(1) Appointment as a director will become effective upon the closing of this
offering.
Our board of directors currently consists of one director, Mr. Lutnick. At
the time of completion of this offering, our board of directors will consist of
seven directors, three of whom will be non-employee directors.
Howard W. Lutnick. Mr. Lutnick has been our Chairman of the Board of
Directors and Chief Executive Officer since June 1999. Mr. Lutnick joined Cantor
in 1983 and has served as President and Chief Executive Officer of Cantor since
1991. He directs all facets of Cantor's worldwide operations. Mr. Lutnick's
company, CF Group Management, Inc., is the managing general partner of Cantor.
Mr. Lutnick serves as co-chairman of the CANTOR EXCHANGE (SM). Mr. Lutnick is a
member of the Executive Committee of the Intrepid Museum Foundation's Board of
Trustees, the Zachary and Elizabeth M. Fisher Center for Alzheimer's Disease
Research at Rockefeller University, the Board of Managers of Haverford College,
the Board of Directors of City Harvest and the Board of Directors of New York
City Public/Private Initiatives, Inc.
Frederick T. Varacchi. Mr. Varacchi has been our President and Chief
Operating Officer since June 1999. Mr. Varacchi has been an Executive Managing
Director and the Chief Operating Officer of Cantor since October 1999. From
March 1998 to October 1999, he served as Senior Managing Director and Chief
Information Officer of Cantor. Before joining Cantor, Mr. Varacchi was Senior
Vice President and Chief Technology Officer of Greenwich/Natwest Capital
Markets, overseeing information technology for the company from January 1995 to
February 1998. From March 1990 to January 1995, Mr. Varacchi worked for Chase
Manhattan Bank, where he held a variety of senior technology positions,
including Head of Global Network Systems for Private Banking. From January 1989
to March 1990, Mr. Varacchi served in a variety of positions with Salomon Smith
Barney, including as Head of Front Office Systems. Mr. Varacchi is a member of
the Board of Directors of Expert Ease Software and QV Trading Systems Inc.
Douglas B. Gardner. Mr. Gardner has been our Vice Chairman since June 1999.
Mr. Gardner has been an Executive Managing Director of Cantor since October
1999. He previously served as Senior Managing Director and Chief Administrative
Officer of Cantor from January 1994 to October 1999, where he was responsible
for overseeing all worldwide finance and support related functions. Mr. Gardner
serves as a director and is on the executive and finance committees of the
CANTOR EXCHANGE (SM). Prior to joining Cantor, Mr. Gardner was a partner of DG
Equities, a commercial and residential real estate developer and owner. From
1983 to 1985, Mr. Gardner was associated with Lehman Brothers in the
High-Technology Division of its Corporate Finance Department.
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Kevin C. Piccoli. Mr. Piccoli has been our Senior Vice President and Chief
Financial Officer since September 1999. He has been a Managing Director of
Cantor since October 1999 and Senior Vice President and Chief Financial Officer
of Cantor, responsible for its global accounting, regulatory, management
reporting and treasury functions, since July 1999. Prior to joining Cantor, he
was a Managing Director and Chief Financial Officer at Greenwich Capital
Holdings, Inc., a subsidiary of National Westminster Bank, from April 1992 to
July 1999. Mr. Piccoli's responsibilities at Greenwich included global
accounting, tax and regulatory reporting. Prior to joining Greenwich in April
1992, Mr. Piccoli was an audit partner at Coopers & Lybrand.
Stephen M. Merkel. Mr. Merkel has been our Senior Vice President, General
Counsel and Secretary since June 1999. Mr. Merkel has also been Senior Vice
President, General Counsel and Secretary of Cantor since 1993, where he is
responsible for Cantor's legal, compliance, tax, risk and credit departments.
Mr. Merkel serves as a director and Secretary of the CANTOR EXCHANGE (SM).
Prior to joining Cantor, Mr. Merkel was Vice President and Assistant General
Counsel of Goldman Sachs & Co. from February 1990 to May 1993. From September
1985 to January 1990, Mr. Merkel was associated with the law firm of Paul,
Weiss, Rifkind, Wharton & Garrison.
Richard C. Breeden. Mr. Breeden will become our director upon the closing
of this offering. Mr. Breeden has been Chairman of the Board and Chief Executive
Officer of Equivest Finance, Inc., a publicly traded vacation ownership company,
since October 1997 and President since October 1998. Mr. Breeden has served as
Trustee for the Bennett Funding Group, Inc. since 1996. Mr. Breeden also has
served as President of Richard C. Breeden & Co., a consulting firm, since 1996.
From 1993 to 1996, Mr. Breeden served as Chairman of the worldwide financial
services practice of Coopers & Lybrand and, from 1989 to 1993, Mr. Breeden was
Chairman of the U.S. Securities and Exchange Commission. Mr. Breeden is a
director of The Philadelphia Stock Exchange, Inc.
Larry R. Carter. Mr. Carter will become our director upon the closing of
this offering. Mr. Carter joined Cisco Systems in January 1995 as Vice
President, Finance and Administration and as Chief Financial Officer and
Secretary. In July 1997, he was promoted to Senior Vice President, Finance and
Administration, Chief Financial Officer and Secretary. From 1992 to January
1995, Mr. Carter was Vice President and Corporate Controller at Advanced Micro
Devices. His career also includes four years with V.I.S.I. Technology Inc. as
Vice President, Finance and Chief Financial Officer and two years at S.G.S.
Thompson Microelectronics Inc. as Vice President, Finance, Administration and
Chief Financial Officer. He also spent 19 years at Motorola, Inc., where he held
a variety of financial positions, the last being Vice President and Controller,
M.O.S. Group. Mr. Carter is on the Board of Directors of Network Appliance,
Inc., Ultratech Stepper, Inc. and QLogic Corporation.
William J. Moran. Mr. Moran will become our director upon the closing of
this offering. Mr. Moran joined the Chase Manhattan Corporation and the Chase
Manhattan Bank in 1975 as Internal Control Executive. After several promotions,
Mr. Moran was named General Auditor in 1992, Executive Vice President in 1997
and a member of the Management Committee in 1999. Before joining Chase,
Mr. Moran was with the accounting firm of Peat, Marwick, Mitchell & Co. for nine
years.
Joseph P. Shea. Mr. Shea will become our director upon the closing of this
offering. Mr. Shea has been with Cantor since 1989. He has been Executive
Managing Director since October 1999, was Senior Managing Director in charge of
U.S. taxable fixed income securities from 1997 to 1999, was Managing Director of
the corporate bond and U.S. government agency securities departments from 1995
to 1997 and was Managing Director of the corporate bond department from 1989 to
1995.
COMMITTEES OF THE BOARD
In connection with the closing of this offering, we will establish (1) an
Audit Committee, all of the members of which will be non-employee directors, and
(2) a Compensation Committee.
The Audit Committee will be responsible for recommending to the Board of
Directors the engagement of our independent auditors and reviewing with our
independent auditors the conduct and results of the audits, our internal
accounting controls, audit practices and the professional services furnished by
our independent auditors.
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The Compensation Committee will be responsible for reviewing and approving
all compensation agreements for our officers and for administering our stock
option plan and our stock purchase plan.
COMPENSATION OF DIRECTORS
Directors who are also our employees will not receive additional
compensation for serving as directors. We expect to grant our initial
non-employee directors options to purchase 20,000 shares of our common stock at
an exercise price per share equal to the initial public offering price per
share. Any other options to be granted to non-employee directors will be in
amounts to be determined by our board of directors. Non-employee directors also
will be reimbursed for out-of-pocket expenses incurred in attending meetings of
our board of directors or committees of our board of directors.
EXECUTIVE COMPENSATION
We are a recently formed company. Prior to March 1999, we did not conduct
any operations. As a result, we have not previously paid any compensation to our
Chief Executive Officer or other executive officers. We intend to pay or
allocate for payment to Messrs. Lutnick, Varacchi, Gardner, Piccoli and Merkel a
pro rata portion of their annual salaries of $350,000, $500,000, $250,000,
$125,000 and $150,000, respectively, for services they provide to us during
1999.
1999 LONG-TERM INCENTIVE PLAN
In November 1999, our board of directors and stockholder approved our
adoption of our 1999 Long-Term Incentive Plan. The purpose of the plan is to
allow us to attract, retain and award present and prospective officers,
employees, directors, consultants and certain other individuals (including
employees of Cantor) and to compensate them in a way that provides additional
incentives and enables such individuals to increase their ownership interests in
our Class A common stock. Individual awards under the plan may take the form of:
o either incentive stock options or non-qualified stock options;
o stock appreciation rights;
o restricted or deferred stock;
o dividend equivalents;
o bonus shares and awards in lieu of our obligations to pay cash
compensation; and
o other awards, the value of which is based in whole or in part upon the
value of our Class A common stock.
The plan will generally be administered by a committee, which will
initially be the Compensation Committee of our board, except that our board will
perform the committee's functions under the plan for purposes of grants of
awards to non-employee directors, and may perform any other function of the
committee as well. The committee generally is empowered to select the
individuals who will receive awards and the terms and conditions of those
awards, including the number of shares subject to the award exercise prices for
options and other exercisable awards, vesting and forfeiture conditions (if
any), performance conditions, the extent to which awards may be transferable and
periods during which awards will remain outstanding. Awards may be settled in
cash, shares, other awards or other property, as determined by the committee.
The maximum number of shares of our Class A common stock that may be
subject to outstanding awards under the plan will not exceed 20% of the
aggregate number of shares of all classes of common stock outstanding determined
immediately after each award is granted. The number of shares deliverable upon
exercise of incentive stock options is limited to 10,000,000 shares of Class A
common stock.
In connection with this offering, options in the form of non-qualified
stock options to purchase a total of 7,500,000 shares of Class A common stock
will be granted to our directors, executive officers and other employees as
follows: 20,000 shares to each of our three initial non-employee directors,
250,000 shares to Joseph Shea, 2,500,000 shares to Howard Lutnick, 800,000
shares to Frederick Varacchi, 375,000 shares to Douglas Gardner, 100,000 shares
to Stephen Merkel, 65,000 shares to Kevin Piccoli, 3,300,000 shares to our
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other employees and other persons eligible to receive options under our plan and
300,000 shares to employees of Cantor. Each of the above options will have an
exercise price per share equal to the initial public offering price. Except as
to Mr. Lutnick, all options will be nontransferrable. As to Mr. Lutnick, 500,000
shares will be immediately exercisable and will be transferable to members of
his family (or a trust established for the benefit of his family) in order to
facilitate his estate planning. All options generally will be subject to vesting
requirements and will expire on the earlier of 10 years after the date of grant
or in connection with a termination of employment. However, Mr. Lutnick's
immediately exercisable option and the options granted to Cantor employees will
expire five years after the date of grant and generally will not terminate in
connection with a termination of employment. All options generally shall vest
and become exercisable upon a change in control of eSpeed, except that as to
Messrs. Varacchi, Gardner, Merkel, Piccoli, Shea and Lee Amaitis (the "Covered
Employees"), their options shall vest but continue to become exercisable in
accordance with their original vesting schedule (regardless of whether their
employment with eSpeed continues). However, if, following the change in control
of eSpeed, Mr. Lutnick at any time ceases to be eSpeed's chairman and chief
executive officer (other than by reason of his death or disability), all
then-unexercisable options held by the Covered Employees shall become fully
exercisable as of such date.
The plan will remain in effect until terminated by our board. The plan may
be amended by our board without the consent of our stockholders, except that any
amendment, although effective when made, will be subject to stockholder approval
if required by any Federal or state law or regulation or by the rules of any
stock exchange or automated quotation system on which our common stock may then
be listed or quoted. The number of shares reserved or deliverable under the plan
and the number of shares subject to outstanding awards are subject to adjustment
in the event of stock splits, stock dividends and other extraordinary corporate
events.
We generally will be entitled to a tax deduction equal to the amount of
compensation realized by a participant through awards under the plan, except (1)
no deduction is permitted in connection with incentive stock options if the
participant holds the shares acquired upon exercise for the required holding
periods; and (2) deductions for some awards could be limited under the
$1.0 million deductibility cap of Section 162(m) of the Internal Revenue Code.
This limitation, however, should not apply to awards granted under the plan
during a grace period of approximately three years following this offering, and
should not apply to certain options, stock appreciation rights and
performance-based awards granted thereafter if we comply with certain
requirements under Section 162(m).
STOCK PURCHASE PLAN
In November 1999, our board of directors and stockholder approved the
adoption of our Stock Purchase Plan. The Stock Purchase Plan will permit our
eligible employees to purchase shares of our common stock at a discount.
Employees who elect to participate will have amounts withheld through payroll
deductions during purchase periods. At the end of each purchase period,
accumulated payroll deductions will be used to purchase stock at a price
determined by the administrative committee that administers the Stock Purchase
Plan, but which will not be less than 85% of the lower of the market price at
the beginning of the purchase period or the end of the purchase period,
including interim dates, as may be determined by the administrative committee.
Our Class A common stock that is purchased under the Stock Purchase Plan may be
subject to a holding period. We have reserved 425,000 shares of our Class A
common stock for issuance under the Stock Purchase Plan.
The Stock Purchase Plan will remain in effect until terminated by our board
or until no shares of our Class A common stock are available for issuance under
the Stock Purchase Plan. The Stock Purchase Plan may be amended by our board
without the consent of our stockholders, except that any amendment, although
effective when made, will be subject to stockholder approval if required by any
federal or state law or regulation or by the rules of any stock exchange or
automated quotation system on which our common stock may then be listed or
quoted.
The Stock Purchase Plan is intended to qualify under Section 423 of the
Internal Revenue Code, and as such, we will not be entitled to any tax deduction
where a participant holds the purchased shares for the longer of two years from
the beginning of the purchase period, or one year from the end of the purchase
period.
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RELATIONSHIP WITH CANTOR
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THE FORMATION TRANSACTIONS
Concurrently with this offering, Cantor is contributing to us, and we are
acquiring from Cantor, substantially all of our assets. These assets primarily
consist of proprietary software, network distribution systems, technologies and
related contractual rights that comprise our eSPEED (SM) system. In exchange for
these assets, we are issuing to Cantor 43,999,900 shares of our Class B common
stock, representing approximately 98% of the voting power of our outstanding
capital stock after this offering. Cantor has elected to convert 2,500,000 of
these shares into shares of the Class A common stock which it is offering
hereby.
Cantor conceived of and has been developing systems to promote fully
electronic marketplaces since the early 1990's. Since 1996, Cantor has invested
more than $200 million in information technology, which culminated in the
development of our eSPEED (SM) system. Cantor's technology initiatives during
this period included software development, infrastructure and maintenance
associated with operating Cantor's entire global securities business. The
evolutionary process which led to the development of the eSPEED (SM) system was
a combination of the development of Cantor's brokerage, trading, clearance,
settlement, analytical pricing and related systems and was impacted by the
continual improvement in computer processing and the changing trading
environment. Accordingly, it is difficult to separately quantify development or
other systems costs associated with the ultimate development of the eSPEED (SM)
system as it emanated in part from all of the information technology initiatives
of Cantor.
Since January 1996, Cantor has used the eSPEED (SM) system internally to
conduct electronic trading. In March 1999, the first fully electronic
transaction using the eSPEED (SM) system was executed by a client.
Cantor has previously entered into contractual agreements or other
arrangements with many of the participants that trade in our electronic
marketplaces. These agreements and arrangements provide the general terms and
conditions, including those relating to warranties and allocations of liability,
under which those participants may electronically execute trades in our
marketplaces; none of these participants are obligated to use our marketplaces
under these agreements. We either have, or will have upon the closing of this
offering, the rights and obligations under many of these agreements and
arrangements as they relate to operating our eSPEED (SM) system. Certain of our
subsidiaries have been registered as broker-dealers with the National
Association of Securities Dealers, Inc. and the regulatory authorities of
various states. We also intend to obtain any foreign regulatory approvals for
our foreign subsidiaries that are necessary or advisable. As we receive the
regulatory approvals and licenses necessary to operate our electronic
marketplaces globally and increase client awareness of our electronic
marketplaces, we intend to enter directly into tri-party agreements and other
arrangements with clients and Cantor. We assist market participants, including
Cantor, in participating in the electronic marketplaces that are created and
supported by our eSPEED (SM) system. We share with Cantor a portion of the
transaction-based revenues paid by market participants for transactions effected
through our electronic marketplaces or which are otherwise electronically
assisted. Cantor and many of the largest financial institutions in the world are
currently our primary clients.
Following this offering, Cantor will continue to operate its equity dealing
business, money market and securities lending business, matched book repurchase
agreement business, investment advisory business and other specified businesses,
including those in which Cantor acts as a dealer. These businesses are carried
out in over 10 locations around the world. We will not share in any revenues
generated by these businesses, other than service fees we may become entitled to
receive in connection with hardware maintenance and other systems support
development services we may provide to Cantor. Following this offering, Cantor
will also continue to provide voice brokerage services, clearance, settlement
and fulfillment services and other related services in connection with our
electronic marketplaces. Accordingly, upon conversion of Cantor's marketplaces
to our eSpeed platform, orders for financial instruments will continue to be
received and executed by Cantor brokers over the telephone, and this method of
order entry by Cantor into our electronic trading platform is contemplated to
continue for the foreseeable future. It is anticipated that a significant
percentage of orders and revenues will continue to be recorded by Cantor, and a
sharing of commissions (as described below under "Joint Services Agreement")
with us will occur. Since it is not possible to predict the level of acceptance
by clients, and individual traders located within each client, of fully
electronic order entry
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processing, we anticipate that each marketplace product will experience widely
varying direct electronic usage rates by clients and their trading personnel.
We entered into the agreements described below in connection with the
formation transactions and to help define the terms of our relationship with
Cantor in the future. In an effort to mitigate conflicts of interest between us
and Cantor, we and Cantor have agreed that none of these agreements may be
amended without the approval of a majority of our disinterested directors.
ASSIGNMENT AND ASSUMPTION AGREEMENTS
We have entered into Assignment and Assumption Agreements with Cantor
pursuant to which Cantor is contributing to us rights and interests in the
assets and contractual and other arrangements which comprise our eSPEED (SM)
system. In consideration for the contribution of these assets, rights and
interests, we will issue to Cantor shares of our Class B common stock
representing approximately 100% of the outstanding shares of our capital stock
prior to this offering and we will assume certain liabilities relating to the
assets which Cantor is contributing to us. These liabilities include accrued
compensation and benefits and other accrued liabilities. Under the terms of the
Assignment and Assumption Agreements, Cantor has agreed to indemnify us with
respect to liabilities and losses we suffer which result from the operation of,
and events relating to, the assets transferred to us prior to and in connection
with their transfer, except that we will assume the defense of and indemnify
Cantor with respect to any liabilities arising out of the patent litigation
involving Liberty Brokerage. We have agreed to indemnify Cantor with respect to
liabilities and losses which they suffer which result from our ownership and
operation of these assets.
JOINT SERVICES AGREEMENT
We have entered into a Joint Services Agreement with Cantor under which we
and Cantor have agreed to collaborate to provide brokerage and related services
to clients in multiple electronic markets for transactions in securities and
other financial products. In addition, we may in our discretion collaborate on
non-financial products. This agreement will be effective upon completing the
formation transactions and provides for a perpetual term. Under the agreement,
we will own and operate the electronic trading systems and will be responsible
for providing electronic brokerage services, and Cantor will provide
voice-assisted brokerage services, clearance, settlement and fulfillment
services and related services, such as credit and risk management services,
oversight of client suitability and regulatory compliance, sales positioning of
products and other services customary to brokerage operations.
All information and data (other than information relating to bids, offers
or trades or other information that is input into, created by or otherwise
resides on an electronic trading system for financial products) created,
developed, used in connection with or relating to the operation of and effecting
of transactions in any marketplace will be the sole property of Cantor or us, as
applicable, on the following basis: (1) if the data relate to financial
products, the data belong solely to Cantor, (2) if the data relate to a
collaborative marketplace in which only products that are non-financial products
are traded, the ownership of the data will be determined by Cantor and us on a
case-by-case basis through good faith negotiations, (3) if the data relate to a
marketplace in which we do not collaborate with Cantor but in which we provide
electronic brokerage services and only non-financial products are traded, the
data belong solely to us and (4) if the data relate to a non-collaborative
marketplace that is not a marketplace in which we provide electronic brokerage
services and in which financial products are traded, the data belong solely to
Cantor. All right, title and interest in the data relating to bids, offers or
trades or other information that is input into, created by or otherwise resides
on an electronic trading system for financial products belong to Cantor. We have
the right to use such data only in connection with the execution of transactions
in such markets.
Commission Sharing Arrangement
Under this agreement, we and Cantor have agreed to share revenues derived
from transactions effected in the marketplaces in which we collaborate and other
specified markets. We have agreed to collaborate with Cantor to determine the
amount of commissions to be charged to clients that effect transactions in these
marketplaces; however, in the event we are unable to agree with Cantor with
respect to a transaction pricing decision, Cantor is entitled to make the final
pricing decision with respect to transactions for which Cantor provides
voice-assisted brokerage services and we are entitled to make the final pricing
decision with respect to transactions that are fully electronic. We may not make
a final transaction pricing decision that results in
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the share of transaction revenues received by Cantor being less than Cantor's
actual cost of providing clearance, settlement and fulfillment services and
other transaction services. In some cases we will receive the aggregate
transaction revenues and pay a service fee to Cantor. In other cases Cantor will
receive the aggregate transaction revenues and pay a service fee to us. The
amount of the service fee and the portion of the transaction revenues that we
and Cantor receive is based on several factors, including whether: (1) the
marketplace is one in which we collaborate with Cantor; (2) the transaction is
fully electronic or Cantor provides voice-assisted brokerage services; (3) the
product traded is a financial product; and (4) the product is traded on the
CANTOR EXCHANGE (SM). Generally, we share revenues as follows:
FULLY ELECTRONIC TRANSACTIONS IN COLLABORATIVE MARKETPLACES. If a
transaction is fully electronic and is effected in a marketplace in which
we collaborate with Cantor, we will receive the aggregate transaction
revenues and pay to Cantor a service fee equal to:
o 35% of the transaction revenues, if the product is a financial
product that is not traded on the CANTOR EXCHANGE (SM);
o 20% of the transaction revenues, if the product is traded on the
CANTOR EXCHANGE (SM); and
o an amount determined on a case-by-case basis, if the product is
not a financial product and is not traded on the CANTOR
EXCHANGE (SM).
VOICE-ASSISTED TRANSACTIONS IN COLLABORATIVE MARKETPLACES. If Cantor
provides voice-assisted brokerage services with respect to a transaction
that is effected in a marketplace in which we collaborate with Cantor:
o Cantor will receive the aggregate transaction revenues and pay to
us a service fee equal to 7% of the transaction revenues, if the
product is a financial product that is not traded on the CANTOR
EXCHANGE (SM);
o we will receive the aggregate transaction revenues and pay to
Cantor a service fee equal to 55% of the transaction revenues, if
the product is traded on the CANTOR EXCHANGE (SM); and
o we will receive an amount determined on a case-by-case basis, if
the product is not a financial product and is not traded on the
CANTOR EXCHANGE (SM).
NON-COLLABORATIVE MARKETPLACES INVOLVING ELECTRONIC BROKERAGE
SERVICES. If a transaction is effected in a marketplace in which we do not
collaborate with Cantor:
o Cantor will receive the aggregate transaction revenues and pay to
us a service fee equal to 30% of the portion of the transaction
revenues we would have received had we collaborated with Cantor,
if Cantor either itself or through a third party provides
electronic brokerage services in that marketplace;
o we will receive the aggregate transaction revenues and pay to
Cantor a service fee equal to 20% of the transaction revenues, if
the product is a financial product and we provide electronic
brokerage services; and
o we will receive 100% of the transaction revenues and will not pay
Cantor a service fee, if the product is not a financial product
and we provide electronic brokerage service.
ELECTRONICALLY ASSISTED TRANSACTIONS IN NON-ELECTRONIC
MARKETPLACES. If a transaction is not effected in an electronic
marketplace, but is electronically assisted, such as a screen assisted open
outcry transaction, we will receive 2.5% of the transaction revenues.
In the event that Cantor's direct costs payable to third parties for
providing clearance, settlement and fulfillment services with respect to a
transaction in a collaborative marketplace with respect to any financial product
for any month exceed the direct costs incurred by Cantor to clear and settle a
cash transaction in United States Treasury securities for such month, the cost
of the excess is borne pro rata by Cantor and us in the same proportion as the
transaction revenues and service fees for such transaction are to be shared.
In the event that a client does not pay, or pays only a portion of, the
transaction revenues relating to a transaction, then we and Cantor each bear our
respective share of the loss based on the percentage of the transaction revenues
we would otherwise have been entitled to receive with respect to such
transaction.
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System Services
We have also agreed to provide to Cantor technology support services,
including (1) systems administration, (2) internal network support, (3) support
and procurement for desktops of end-user equipment, (4) operations and disaster
recovery services, (5) voice and data communications, (6) support and
development of systems for clearance, settlement and fulfillment services,
(7) systems support for Cantor brokers, (8) electronic applications systems and
network support and development for the unrelated dealer businesses with respect
to which we will not collaborate with Cantor and (9) provision and/or
implementation of existing electronic applications systems, including
improvements and upgrades thereto, and use of the related intellectual property
rights, having potential application in a gaming business. Cantor will pay to us
an amount equal to the direct and indirect costs, including overhead, that we
incur in performing these services. We will not receive service fees or
otherwise be entitled to share in transaction revenues relating to the system
services that we provide to Cantor for unrelated dealer businesses. We have
agreed not to use confidential information, including business plans and
software, obtained from or used by Cantor in connection with the provision of
these services to parties other than Cantor. For the purposes of the Joint
Services Agreement, an unrelated dealer business means (1) Cantor's equity
businesses as they exist from time to time, (2) Cantor's money market
instruments and securities lending division, as they exist from time to time,
(3) any business or portion thereof or activity in which Cantor acts as a dealer
or otherwise takes market risk or positions, including in the process of
executing matched principal transactions, providing the services of a specialist
or market maker or providing trading or arbitrage operations, (4) activities
wherever located that would, if conducted in the United Kingdom, be subject to
the United Kingdom Gaming Act of 1963 or activities wherever located currently
or in the future involving betting, gambling, odds making, lotteries, gaming,
wagering, staking, drawing or casting losts and similar or related activites and
(5) any business not involving operating a marketplace.
Intellectual Property
Cantor has granted to us a license covering Cantor's patents and patent
applications that relate to the eSPEED (SM) system. The license is perpetual,
irrevocable, world-wide and royalty free and is exclusive, except in the event
that (1) we are unwilling to provide to Cantor any requested services covered by
the patents with respect to a marketplace and Cantor elects not to require us to
do so, or we are unable to provide such services or (2) we do not exercise our
right of first refusal to provide to Cantor electronic brokerage services with
respect to a marketplace, in which events Cantor will have a limited right to
use the patents and patent applications solely in connection with the operation
of that marketplace. Cantor will cooperate with us, at our expense, in any
attempt by us to prevent any third party infringement of our patent rights under
the license.
Cantor has also granted to us a non-exclusive, perpetual, irrevocable
worldwide, royalty-free right and license to use the trademarks "Cantor
Exchange," "Interactive Matching" and "CX".
Non-competition and Market Opportunity Provisions
The Joint Services Agreement imposes the following performance obligations
on us and restricts our ability to compete with Cantor and Cantor's ability to
compete with us in the following circumstances:
o If Cantor wishes to create a new financial product marketplace, Cantor
may require us to provide electronic brokerage services with respect to
that marketplace. We must use our commercially reasonable efforts to
develop an electronic trading system for that marketplace within a
specified time period. If, after diligent effort, we are unable to do so,
we have no liability to Cantor for our failure and Cantor may create and
operate the marketplace in any manner that Cantor deems to be acceptable.
Cantor's proposal to create a new marketplace must be commercially
reasonable and Cantor must diligently pursue the development of the
marketplace and cause the new marketplace to become operational within a
specified time period.
o If Cantor wishes to create a new financial product marketplace and Cantor
does not require us to develop an electronic trading system for that
marketplace as described in the preceding paragraph, Cantor must, in any
event, notify us of its intention to create the new marketplace. We will
have a right of first refusal to provide electronic brokerage services
with respect to that marketplace. We must use commercially reasonable
efforts to develop and put into operation an electronic trading system
for the marketplace within a specified time period. If we are able to do
so, transactions in the marketplace
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will be subject to the revenue sharing arrangements described above. If
we are unable to do so, or we elect not to provide electronic brokerage
services with respect to the new marketplace, Cantor may provide or
otherwise obtain electronic brokerage services for that marketplace in
any manner that Cantor deems to be acceptable. Cantor's proposal to
create a new marketplace must be commercially reasonable and Cantor must
diligently pursue the development of the marketplace and cause the new
marketplace to become operational within a specified time period.
o If Cantor wishes to create a new electronic marketplace for a product
that is not a financial product, Cantor must notify us of its intention
to do so. We will have the opportunity to offer to provide the electronic
brokerage services with respect to the new marketplace. If Cantor rejects
our offer, Cantor may operate the marketplace in any manner that Cantor
deems to be acceptable.
o If we wish to create a new electronic marketplace for a financial
product, we must notify Cantor of our intention to do so. Cantor will
have a right of first refusal to provide the applicable voice-assisted
brokerage services, clearance, settlement and fulfillment services and/or
related services for that marketplace. If Cantor (1) elects not to
provide such services or (2) fails to notify us within a specified time
period that it will provide such services, we may provide or otherwise
obtain those services for that marketplace in any manner that we deem to
be acceptable.
o If we wish to create a new electronic marketplace for a product that is
not a financial product, we must notify Cantor of our intention to do so.
Cantor will have the opportunity to offer to provide the applicable
voice-assisted brokerage services, clearance, settlement and fulfillment
services and/or related services for that marketplace. If we reject
Cantor's offer, we may create and operate the marketplace in any manner
that we deem to be acceptable.
o Subject to the exceptions described below, we may not directly or
indirectly: (1) engage in any activities competitive with a business
activity conducted by Cantor now or in the future; or (2) provide or
assist any other person in providing voice-assisted brokerage services,
clearance, settlement and fulfillment services and/or related services.
We are permitted to engage in these activities:
o in collaboration with Cantor;
o with respect to a new marketplace involving a financial product,
after Cantor has indicated that it is unable or unwilling to provide
such voice-assisted brokerage services, clearance, settlement and
fulfillment services and/or related services with respect to that
marketplace;
o with respect to a new marketplace involving a product that is not a
financial product, after having considered in good faith any
proposal submitted by Cantor relating to the provision of those
services; or
o with respect to an unrelated dealer business in which we develop and
operate a fully electronic marketplace.
o Subject to the exceptions described below, Cantor may not directly or
indirectly provide or assist any other person in providing electronic
brokerage services. Cantor is permitted to engage in these activities:
o in collaboration with us;
o with respect to a new marketplace, after (1) we have indicated that
we are unable to develop an electronic trading system for that new
marketplace within a specified time period or (2) we have declined
to exercise our right of first refusal or have exercised our right
of first refusal but are unable to develop an electronic trading
system within a specified time period.
o The unrelated dealer businesses retained by Cantor are expressly excluded
from our rights of first refusal and the restrictions on Cantor's ability
to compete with us. However, we may create fully electronic marketplaces
in unrelated dealer businesses.
We and Cantor are entitled to pursue and may enter into alliance
opportunities, including strategic alliances, joint ventures, partnerships or
similar arrangements, with third parties and consummate business combinations
with third parties on the following basis only. If an alliance opportunity (1)
relates to a person that directly or indirectly provides voice-assisted
brokerage services and engages in business operations that do not involve
electronic brokerage services, then Cantor is entitled to pursue and consummate
a transaction
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with respect to that alliance opportunity, (2) relates to a person that directly
or indirectly provides electronic brokerage services and engages in business
operations that do not involve any voice-assisted brokerage service, then we are
entitled to pursue and consummate a transaction with respect to that alliance
opportunity or (3) is an alliance opportunity with respect to a person other
than those described in clauses (1) and (2) above, then we and Cantor will
cooperate to jointly pursue and consummate a transaction with respect to such
alliance opportunity on mutually agreeable terms. A business combination
includes a transaction initiated by and in which either we or Cantor is/are the
acquiror involving (A) a merger, consolidation, amalgamation or combination, (B)
any sale, dividend, split or other disposition of any capital stock or other
equity interests (or securities convertible into or exchangeable for or options
or warrants to purchase any capital stock or other equity equivalents) of the
person, (C) any tender offer (including without limitation of a self-tender),
exchange offer, recapitalization, dissolution or similar transaction, (D) any
sale, dividend or other disposition of a significant portion of the assets and
properties of the person (even if less than all or substantially all of such
assets or properties), and (E) entering into any agreement or understanding, or
the granting of any rights or options, with respect to any of the foregoing.
ADMINISTRATIVE SERVICES AGREEMENT
We have entered into an Administrative Services Agreement with Cantor that
states the terms under which Cantor will provide certain administrative and
management services to us. Cantor will make available to us some of its
administrative and other staff, including its internal audit, treasury, legal,
tax, human resources, corporate development and accounting staffs. Members of
these staffs will arrange for our insurance coverage and will provide a wide
array of services, including administration of our personnel and payroll
operations, benefits administration, internal audits, facilities management,
promotional sales and marketing, legal, risk management, accounting and tax
preparation and other services. We will reimburse Cantor for the actual costs
incurred by Cantor, plus other reasonable costs, including reasonably allocated
overhead and any applicable taxes. We have also entered into arrangements with
Cantor under which we have the right to use certain assets, principally computer
equipment, from Cantor relating to the operation of our eSPEED (SM) system.
These assets are subject to operating leases with third party leasing companies.
Under this provision of the Administrative Services Agreement, we have agreed to
be bound by the general terms and conditions of the operating leases relating to
the assets used by us. See Note 5 of the Notes to the Consolidated Financial
Statements. Under the Administrative Services Agreement, we will provide sales,
marketing and public relations services to Cantor. Cantor will reimburse us for
the actual costs incurred by us, plus other reasonable costs, including
reasonably allocated overhead. The Administrative Services Agreement has a
three-year term which will renew automatically for successive one-year terms
unless canceled by either us or Cantor upon six months' prior notice; provided,
however, that our right to use our New York space expires at the time that
Cantor's lease expires in 2006 and our right to use our London office space
expires at the earlier of (1) the time Cantor's lease expires in 2016 or (2)
until Cantor ceases to be an affiliate of ours and Cantor asks us to vacate.
REGISTRATION RIGHTS AGREEMENT
Pursuant to the Registration Rights Agreement to be entered into by Cantor
and us, Cantor is to receive piggyback and demand registration rights.
The piggyback registration rights allow Cantor to register the shares of
Class A common stock issued or issuable to it in connection with the conversion
of its Class B common stock whenever we propose to register any shares of
Class A common stock for our own or another's account under the Securities Act
for a public offering, other than:
o any shelf registration of shares of Class A common stock to be used as
consideration for acquisitions of additional businesses; and
o registrations relating to employee benefit plans.
Cantor will also have the right, on three occasions, to require that we
register under the Securities Act any or all of the shares of Class A common
stock issued or issuable to it in connection with the conversion of its Class B
common stock. No more than one of these registrations may be demanded within the
first year after the closing of this offering. The demand and piggyback
registration rights apply to Cantor and to any transferee of shares held by
Cantor who agrees to be bound by the terms of the Registration Rights
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Agreement. The ability of Cantor to exercise its registration rights for the
period of 180 days after this offering will be restricted by the lock-up
agreements described under "Shares Eligible for Future Sale."
We have agreed to pay all costs of one demand and all piggyback
registrations, other than underwriting discounts and commissions. All of these
registration rights are subject to conditions and limitations, including
(1) the right of underwriters of an offering to limit the number of shares
included in that registration; (2) our right not to effect any demand
registration within six months of a public offering of our securities, including
this offering; and (3) that Cantor agrees to refrain from selling its shares
during the period from 15 days prior to and 90 days after the effective date of
any registration statement for the offering of our securities.
POTENTIAL CONFLICTS OF INTEREST AND COMPETITION WITH CANTOR
Various conflicts of interest between us and Cantor may arise in the future
in a number of areas relating to our past and ongoing relationships, including
potential acquisitions of businesses or properties, the election of new
directors, payment of dividends, incurrence of indebtedness, tax matters,
financial commitments, marketing functions, indemnity arrangements, service
arrangements, issuances of our capital stock, sales or distributions by Cantor
of its shares of our common stock and the exercise by Cantor of control over our
management and affairs. A majority of our directors and officers following this
offering also serve as directors and/or officers of Cantor. Simultaneous service
as an eSpeed director or officer and service as a director or officer, or status
as a partner, of Cantor could create or appear to create potential conflicts of
interest when such directors, officers and/or partners are faced with decisions
that could have different implications for us and for Cantor. Mr. Lutnick, our
Chairman and Chief Executive Officer, is the sole stockholder of the managing
general partner of Cantor. As a result, Mr. Lutnick controls Cantor. Upon
completion of this offering, Cantor will own all of the outstanding shares of
our Class B common stock, representing approximately 98% of the combined voting
power of all classes of our voting stock. Mr. Lutnick's simultaneous service as
our Chairman and Chief Executive Officer and his control of Cantor could create
or appear to create potential conflicts of interest when Mr. Lutnick is faced
with decisions that could have different implications for us and for Cantor.
Our relationship with Cantor may result in agreements that are not the
result of arm's length negotiations. As a result, the prices charged to us or by
us for services provided under agreements with Cantor may be higher or lower
than prices that may be charged by third parties and the terms of these
agreements may be more or less favorable to us than those that we could have
negotiated with third parties. However, we intend that transactions between us
and Cantor and/or its other affiliates will be subject to the approval of a
majority of our independent directors.
In addition, Cantor can compete with us under certain circumstances. See
"--Joint Services Agreement--Non-competition Provisions."
CONSULTING SERVICES
For consulting services provided to us and Cantor by Martin J. Wygod in
connection with this offering, we expect to issue to Martin J. Wygod or his
designees warrants to purchase an aggregate number of shares of our Class A
common stock equal to 1.5% of the aggregate number of shares of Class A common
stock offered by this prospectus (excluding any shares purchased pursuant to the
underwriters' over-allotment option). We anticipate that each of the warrants
will have a five-year term and will be exercisable commencing on the first
anniversary of the date of issuance at a price per share equal to the initial
public offering price. We expect that the warrants will not be transferable,
other than to charities and trusts established for the benefit of Mr. Wygod's
children and grandchildren.
We intend to grant Mr. Wygod piggyback and demand registrations rights in
connection with the warrants. The piggyback registration rights will allow Mr.
Wygod to have registered the shares of Class A common stock issued or issuable
upon exercise of the warrants and will be substantially similar to the piggyback
registration rights to be granted to Cantor. Mr. Wygod will also have the right,
on one occasion, to require that we register under the Securities Act, a minimum
of 75% of the aggregate number of shares of Class A common stock underlying the
warrants. The demand registration right is only available when we are eligible
to use Form S-3 to register the shares.
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<PAGE>
PRINCIPAL AND SELLING STOCKHOLDERS
- --------------------------------------------------------------------------------
The following table sets forth certain information regarding the beneficial
ownership of our common stock as of the date of this prospectus and after giving
effect to this offering by:
o each person or entity that we know beneficially owns more than 5% of our
common stock;
o each of our directors and director nominees;
o each of our executive officers;
o all of our current directors, director nominees and executive officers as
a group; and
o the selling stockholder.
<TABLE>
<CAPTION>
NUMBER OF SHARES PERCENTAGE OF COMMON STOCK
BENEFICIALLY OWNED BENEFICIALLY OWNED
---------------------------------------------- ----------------------------------------
PRIOR TO OFFERING AFTER OFFERING PRIOR TO OFFERING AFTER OFFERING(3)
NAME OF BENEFICIAL ------------------ ------------------------ ------------------ ------------------
OWNER(1)(2) CLASS A CLASS B CLASS A CLASS B CLASS A CLASS B CLASS A CLASS B
- ---------------------------- ------- ------- ---------- ---------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Howard W. Lutnick(4)........ 100 100 41,500,000(6) 41,500,000(6) 100% 100% 83% 100%
Frederick T. Varacchi....... -- -- -- -- -- -- -- --
Douglas B. Gardner.......... -- -- -- -- -- -- -- --
Kevin C. Piccoli............ -- -- -- -- -- -- -- --
Stephen M. Merkel........... -- -- -- -- -- -- -- --
Richard C. Breeden.......... -- -- -- -- -- -- -- --
Larry R. Carter............. -- -- -- -- -- -- -- --
William J. Moran............ -- -- -- -- -- -- -- --
Joseph P. Shea.............. -- -- -- -- -- -- -- --
All directors, director
nominees and executive
officers as a group
(9 persons)(5)............ 100 100 41,500,000 41,500,000 100% 100% 83% 100%
<CAPTION>
SELLING STOCKHOLDER
- ----------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Cantor Fitzgerald
Securities................ 100 100 41,500,000(6) 41,500,000(6) 100% 100% 83% 100%
</TABLE>
- ------------------
(1) The address of each holder of more than five percent of our common stock
listed above is One World Trade Center, New York, NY 10048.
(2) Unless otherwise indicated, we believe that the persons named in this table
have sole voting and investment power with respect to the shares of common
stock shown. The amounts and percentages are based upon 100 shares of common
stock outstanding as of November 1, 1999. Shares of Class B common stock are
convertible into shares of Class A common stock at any time in the
discretion of the holder on a one-for-one basis. Accordingly, a holder of
shares of Class B common stock is deemed to be the beneficial owner of an
equal number of shares of Class A common stock for purposes of this table.
(3) Assumes no exercise of the underwriters' over-allotment option.
(4) Includes shares of Class B common stock that are owned by Cantor Fitzgerald
Securities, of which Cantor Fitzgerald, L.P. is the managing partner. CF
Group Management, Inc. is the Managing General Partner of Cantor Fitzgerald,
L.P. and Mr. Lutnick is the President and sole stockholder of CF Group
Management, Inc.
(5) Includes shares of Class B common stock that are owned by Cantor Fitzgerald
Securities.
(6) Includes shares of Class B common stock owned of record by Cantor
Fitzgerald, L.P., the managing partner of Cantor Fitzgerald Securities.
Cantor currently intends, at some point after the one-year period following
the completion of this offering, to distribute to its limited partners a portion
of the shares of Class B common stock owned by Cantor. In the event of any such
distribution, these shares would convert to shares of Class A common stock. The
terms on which such distribution, if any, may be made have not yet been
determined.
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<PAGE>
__________________________DESCRIPTION OF CAPITAL STOCK__________________________
GENERAL
Following the completion of this offering, our authorized capital stock
will consist of 200,000,000 shares of Class A common stock, $.01 par value,
100,000,000 shares of Class B common stock, $.01 par value, and 50,000,000
shares of preferred stock, $.01 par value. Upon completion of this offering
(1) we will have 8,500,000 shares of Class A common stock and 41,500,000 shares
of Class B common stock outstanding; and (2) we will have outstanding options to
purchase 7,500,000 shares of Class A common stock.
The following summary of the terms and provisions of our capital stock does
not purport to be complete. You should refer to our Amended and Restated
Certificate of Incorporation and our By-Laws, and to applicable law, for a
complete description of the terms and provisions of our capital stock.
COMMON STOCK
The holders of Class A common stock and Class B common stock have identical
voting rights except that holders of Class A common stock are entitled to one
vote per share while holders of Class B common stock are entitled to 10 votes
per share on all matters to be voted on by stockholders. Holders of shares of
Class A common stock and Class B common stock are not entitled to cumulate their
votes in the election of directors. Generally, all matters to be voted on by
stockholders must be approved by a majority or, in the case of election of
directors, by a plurality of the votes entitled to be cast by holders of all
shares of Class A common stock and Class B common stock present in person or
represented by proxy, voting together as a single class, subject to any voting
rights granted to holders of any preferred stock. Amendments to our Amended and
Restated Certificate of Incorporation that would nevertheless change the powers,
preferences or special rights of the Class A common stock or the Class B common
stock so as to affect them adversely also must be approved by a majority of the
votes entitled to be cast by the holders of the shares affected by the
amendment, voting as a separate class. Any amendment to our Amended and Restated
Certificate of Incorporation to increase the authorized shares of any Class A
common stock will be deemed not to affect adversely the powers, preferences or
special rights of the Class A common stock. However, any amendment to our
Amended and Restated Certificate of Incorporation to increase the authorized
shares of Class B common stock or to amend, alter, change or repeal the rights
of Class B common stock must be approved by a majority of the voting power of
all of the outstanding shares of Class B common stock. The holders of Class A
common stock and Class B common stock are entitled to such dividends as may be
declared in the discretion of our board of directors out of legally available
funds, subject to the preferential dividend rights of any shares of preferred
stock. Holders of Class A common stock and Class B common stock have no
preemptive rights to purchase shares of our stock. Our Amended and Restated
Certificate of Incorporation provides that each share of Class B common stock is
convertible at any time, at the option of the holder, into one share of Class A
common stock. Each share of Class B common stock will automatically convert into
a share of Class A common stock upon any sale, pledge or other transfer (a
Transfer), whether or not for value, by the initial registered holder, other
than any Transfer by the initial holder to (1) Cantor Fitzgerald, L.P., (2) any
entity controlled by Cantor Fitzgerald, L.P. or by Howard Lutnick and (3) Howard
Lutnick, his spouse, his estate, any of his descendants, any of his relatives,
or any trust established for his benefit or for the benefit of his spouse, any
of his descendants or any of his relatives. Notwithstanding anything to the
contrary set forth herein, any holder of Class B common stock may pledge his,
her or its shares of Class B common stock to a pledgee pursuant to a bona fide
pledge of the shares as collateral security for indebtedness due to the pledgee
so long as the shares are not transferred to or registered in the name of the
pledgee. In the event of any pledge meeting these requirements, the pledged
shares will not be converted automatically into shares of Class A common stock.
If the pledged shares of Class B common stock become subject to any foreclosure,
realization or other similar action by the pledgee, they will be converted
automatically into shares of Class A common stock upon the occurrence of that
action. The automatic conversion provisions in our Amended and Restated
Certificate of Incorporation may not be amended, altered, changed or repealed
without the approval of the holders of a majority of the voting power of all
outstanding shares of Class A common stock.
Shares of Class A common stock and Class B common stock are not subject to
any redemption provisions and shares of Class A common stock are not convertible
into any other securities. All outstanding
62
<PAGE>
shares of Class A common stock and Class B common stock are fully paid and
nonassessable. The shares of our Class A common stock we will sell in this
offering will also be fully paid and nonassessable when we receive payment for
the shares.
PREFERRED STOCK
Our Amended and Restated Certificate of Incorporation provides for
50,000,000 authorized shares of preferred stock, of which none are outstanding.
The existence of authorized but unissued preferred stock may enable our board of
directors to render more difficult or to discourage an attempt to obtain control
of us by means of a merger, tender offer, proxy contest or otherwise. For
example, if in the due exercise of its fiduciary obligations, our board of
directors were to determine that a takeover proposal is not in our best
interests, our board of directors could cause shares of preferred stock to be
issued without stockholder approval in one or more private offerings or other
transactions that might dilute the voting or other rights of the proposed
acquiror or insurgent stockholder group. In this regard, the Amended and
Restated Certificate of Incorporation grants our board of directors broad power
to establish the rights and preferences of authorized and unissued preferred
stock. The issuance of shares of preferred stock pursuant to our board of
directors' authority described above could decrease the amount of earnings and
assets available for distribution to holders of shares of common stock and
adversely affect the rights and powers, including voting rights, of these
holders and may have the effect of delaying, deterring or preventing a change in
control of our company. Our board of directors currently does not intend to seek
stockholder approval prior to any issuance of preferred stock, unless otherwise
required by law.
WARRANTS
Upon completion of this offering, we expect to issue warrants representing
the right to acquire up to 127,500 shares of Class A common stock at the initial
public offering price per share. See "Relationship with Cantor--Consulting
Services."
LIMITATION ON DIRECTORS' LIABILITIES
Our Amended and Restated Certificate of Incorporation limits, to the
maximum extent permitted under Delaware law, the personal liability of directors
and officers for monetary damages for breach of their fiduciary duties as
directors and officers, except in certain circumstances involving certain
wrongful acts, such as a breach of the director's duty of loyalty or acts of
omission which involve intentional misconduct or a knowing violation of law.
Section 145 of the Delaware General Corporation Law permits us to indemnify
officers, directors or employees against expenses, including attorney's fees,
judgments, fines and amounts paid in settlement in connection with legal
proceedings if the officer, director or employee acted in good faith and in a
manner reasonably believed to be in or not opposed to our best interests and,
with respect to any criminal act or proceeding, if he or she had no reasonable
cause to believe his or her conduct was unlawful. Indemnification is not
permitted as to any matter as to which the person is adjudged to be liable
unless, and only to the extent that, the court in which such action or suit was
brought upon application determines that, despite the adjudication of liability,
but in view of all the circumstances of the case, the person is fairly and
reasonably entitled to indemnity for such expenses as the court deems proper.
Individuals who successfully defend such an action are entitled to
indemnification against expenses reasonably incurred in connection with the
action.
Our Amended and Restated By-Laws require us to indemnify directors and
officers against, to the fullest extent permitted by law, liabilities which they
may incur under the circumstances described in the preceding paragraph.
We plan to maintain standard policies of insurance under which coverage is
provided (1) to our directors and officers against loss arising from claims made
by reason of breach of duty or other wrongful act and (2) to us with respect to
payments which may be made by us to such officers and directors pursuant to the
above indemnification provision or otherwise as a matter of law.
63
<PAGE>
ANTI-TAKEOVER PROVISIONS
GENERAL
Certain provisions of the Delaware General Corporation Law and our Amended
and Restated Certificate of Incorporation and our Amended and Restated By-Laws
may delay, discourage or prevent a change in control of our company unless the
takeover or change in control is approved by our board of directors. These
provisions also may render the removal of directors and management more
difficult. These provisions may discourage bids for our common stock at a
premium over the market price and may adversely affect the market price and
voting and other rights of the holders of our common stock.
CERTIFICATE OF INCORPORATION AND BY-LAWS
Our Amended and Restated Certificate of Incorporation provides that
stockholders may act only at an annual or special meeting of stockholders and
may not act by written consent, other than by unanimous written consent. Our
Amended and Restated By-Laws provide that special meetings of stockholders may
be called only by the Chairman of our board of directors, or in the event the
Chairman of our board is unavailable, the Vice Chairman acting jointly with the
President. Our Amended and Restated By-Laws require advance written notice prior
to a meeting of stockholders of a proposal or director nomination which a
stockholder desires to present at such a meeting, which generally must be
received by our Secretary not later than 120 days prior to the first anniversary
of the date of our proxy statement for the preceding year's annual meeting. In
addition, our Amended and Restated Certificate of Incorporation permits us to
issue additional shares of Class B common stock or "blank check" preferred
stock.
All amendments to our Amended and Restated By-Laws must be approved by
either the holders of a majority of the voting power of all outstanding capital
stock entitled to vote or by a majority of our board of directors.
These provisions reduce our vulnerability to an unsolicited acquisition
proposal and discourage certain tactics that may be used in proxy fights.
However, these provisions could have the effect of discouraging others from
making tender offers for shares of our common stock and, as a consequence, they
also may inhibit fluctuations in the market price of our common stock that could
result from actual or rumored takeover attempts. These provisions also may have
the effect of preventing changes in our management.
DELAWARE ANTI-TAKEOVER LAW
We are subject to Section 203 of the Delaware General Corporation Law. In
general, Section 203 prohibits a publicly held Delaware corporation from
engaging in a "business combination" with an "interested stockholder" for a
period of three years following the date the person became an interested
stockholder, unless the "business combination" or the transaction in which the
person became an "interested stockholder" is approved in a prescribed manner.
Generally, a "business combination" includes a merger, asset or stock sale or
other transaction resulting in a financial benefit to the "interested
stockholder." An "interested stockholder" is a person who, together with
affiliates and associates, owns 15% or more of a corporation's outstanding
voting stock, or was the owner of 15% or more of a corporation's outstanding
voting stock at any time within the prior three years, other than "interested
stockholders" prior to the time our common stock is quoted on Nasdaq. The
existence of this provision would be expected to have an anti-takeover effect
with respect to transactions not approved in advance by our board of directors,
including discouraging takeover attempts that might result in a premium over the
market price for the shares of our common stock held by stockholders.
TRANSFER AGENT AND REGISTRAR
The Transfer Agent and Registrar for the common stock is American Stock
Transfer & Trust Company.
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<PAGE>
_________________________SHARES ELIGIBLE FOR FUTURE SALE________________________
Upon completion of this offering, we will have 8,500,000 outstanding shares
of Class A common stock and 41,500,000 shares of Class B common stock. The
8,500,000 shares sold in this offering will be freely tradable without
restriction under the Securities Act except for any shares purchased by our
affiliates. The remaining 41,500,000 shares of Class B common stock held by
existing stockholders are "restricted securities" as that term is defined in
Rule 144.
These restricted shares will become eligible for sale in the public market,
subject to the volume limitations under Rule 144 as described below, from time
to time following this offering, commencing in September 2000. All of these
restricted shares are subject to the contractual restrictions on sale described
below under the caption "Lock-up Agreements."
Rule 144 makes available an exemption from the registration requirements of
the Securities Act. In general, under Rule 144, a person (or persons whose
shares are aggregated) who owns shares that were acquired from the issuer or an
affiliate of the issuer at least one year prior to the proposed sale will be
entitled to sell in any three-month period a number of shares that does not
exceed the greater of:
o 1% of the then outstanding shares of the Class A common stock
(approximately 85,000 shares immediately after this offering); or
o the average weekly trading volume during the four calendar weeks
preceding the date on which notice of the sale is filed with the
Securities and Exchange Commission.
Sales pursuant to Rule 144 are subject to certain requirements relating to
manner of sale, notice and availability of current public information about us.
A person (or persons whose shares are aggregated) who is not deemed to have been
an affiliate of ours at any time during the 90 days immediately preceding the
sale and who owns shares that were acquired from the issuer or an affiliate of
the issuer at least two years prior to the proposed sale is entitled to sell
such shares pursuant to Rule 144(k) without regard to the limitations described
above.
There has been no public market for our Class A common stock prior to this
offering and no assurance can be given that an active public market for our
Class A common stock will develop or be sustained after completion of this
offering. Sales of substantial amounts of Class A common stock, or the
perception that these sales could occur, could adversely affect the prevailing
market price of our Class A common stock and could impair our ability to raise
capital or effect acquisitions through the issuance of our Class A common stock.
We plan to register an additional 5,000,000 shares of our Class A common
stock under the Securities Act within 90 days after the closing of this offering
for use by us as consideration for future acquisitions. Upon registration, these
shares generally will be freely tradable after issuance, unless the resale
thereof is contractually restricted or unless the holders thereof are subject to
the restrictions on resale provided in Rule 145 under the Securities Act. Any
registered shares so issued will be subject to contractual restrictions that
will prevent the shares from being freely tradable during the 180 day period
after the date of this prospectus.
After this offering, we intend to initially register 20% of the total
outstanding shares of our common stock, or approximately 10,000,000 shares of
Class A common stock, for issuance upon exercise of options granted under our
stock option plan. If we increase our total outstanding shares of common stock,
we will register additional shares of Class A common stock so that the stock
available for issuance under our stock option plan will be registered. We also
plan to register the 425,000 shares of Class A common stock issuable under our
stock purchase plan. Once we register the shares issuable under these plans,
they can be sold in the public market upon issuance, subject to restrictions
under the securities laws applicable to resales by affiliates.
Cantor will have piggyback and demand registration rights to have
registered the shares of Class A common stock issued or issuable to it in
connection with the conversion of its Class B common stock and Martin Wygod will
have piggyback and demand registration rights to have registered the shares of
Class A common stock issued or issuable to him or his child's trust upon
exercise of the warrants to be granted to him and the trust by us. See
"Relationship with Cantor--Registration Rights Agreement" and "--Consulting
Services."
LOCK-UP AGREEMENTS
We and our directors, executive officers and holders of our common stock
and securities convertible into or exercisable or exchangeable for common stock
issued prior to this offering or upon the consummation of the formation
transactions have agreed pursuant to certain "lock-up" agreements with the
underwriters that, subject to certain exceptions, we and they will not offer,
sell, contract to sell, pledge, grant any option to sell, or otherwise dispose
of, directly or indirectly, any shares of common stock or securities convertible
into or exercisable or exchangeable for common stock for a period of 180 days
after the date of this prospectus without the prior written consent of Warburg
Dillon Read LLC. Warburg Dillon Read LLC, in its sole discretion, may release
the shares subject to the lock-up agreements in whole or in part at any time
with or without notice. However, Warburg Dillon Read LLC has no current plan to
do so.
65
<PAGE>
__________________________________UNDERWRITING__________________________________
The selling stockholder and we have entered into an underwriting agreement
with the underwriters named below. Warburg Dillon Read LLC, Hambrecht and Quist
LLC and Thomas Weisel Partners LLC are acting as representatives of the
underwriters.
The underwriting agreement provides for the purchase of a specific number
of shares of Class A common stock by each of the underwriters. The underwriters'
obligations are several, which means that each underwriter is required to
purchase a specified number of shares, but is not responsible for the commitment
of any other underwriter to purchase shares. Subject to the terms and conditions
of the underwriting agreement, each underwriter has severally agreed to purchase
the number of shares of Class A common stock set forth opposite its name below.
<TABLE>
<CAPTION>
NAME NUMBER OF SHARES
- ---------------------------------------------------------- ----------------
<S> <C>
Warburg Dillon Read LLC...................................
Hambrecht and Quist LLC...................................
Thomas Weisel Partners LLC................................
Cantor Fitzgerald & Co....................................
----------
Total........................................... 8,500,000
----------
----------
</TABLE>
This is a firm commitment underwriting. This means that the underwriters
have agreed to purchase all of the shares offered by this prospectus, other than
those covered by the over-allotment option described below, if any are
purchased. Under the underwriting agreement, if an underwriter defaults in its
commitment to purchase shares, the commitments of non-defaulting underwriters
may be increased or the underwriting agreement may be terminated, depending on
the circumstances.
The representatives have advised us that the underwriters propose to offer
the shares directly to the public at the public offering price that appears on
the cover page of this prospectus. In addition, the representatives may offer
some of the shares to certain securities dealers at such price less a concession
of $ per share to certain other dealers. The underwriters may also allow
to dealers, and such dealers may reallow, a concession not in excess of $0.10
per share to certain other dealers. After the shares are released for sale to
the public, the representatives may change the offering price and other selling
terms at various times.
We and the selling stockholder have granted the underwriters an
over-allotment option. This option, which is exercisable for up to 30 days after
the date of this prospectus, permits the underwriters to purchase a maximum of
1,275,000 additional shares of our Class A common stock to cover
over-allotments. If the underwriters exercise all or part of this option, they
will purchase shares covered by the option at the public offering price that
appears on the cover page of this prospectus, less the underwriting discount. If
this option is exercised in full, the underwriters will purchase 1,000,000
shares from us and 275,000 shares from the selling stockholder. To the extent
that the underwriters exercise the over-allotment option in part and not in
full, the underwriters will purchase shares from us and the selling stockholder
on a pro rata basis. If this option is exercised in full, the total price to the
public will be $176 million, the total proceeds to us will be approximately
$126 million and the total proceeds to the selling stockholder will be
$50 million, at an assumed offering price of $18 per share. The underwriters
have severally agreed that, to the extent the over-allotment option is
exercised, each of the underwriters will purchase a number of additional shares
proportionate to its initial amount reflected in the above table.
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<PAGE>
The following table provides information regarding the amount of the
discount to be paid to the underwriters by us and the selling stockholder:
<TABLE>
<CAPTION>
PAID BY US PAID BY THE SELLING STOCKHOLDER
--------------------------------------------- ---------------------------------------------
NO EXERCISE OF FULL EXERCISE OF NO EXERCISE OF FULL EXERCISE OF
OVER-ALLOTMENT OPTION OVER-ALLOTMENT OPTION OVER-ALLOTMENT OPTION OVER-ALLOTMENT OPTION
--------------------- --------------------- --------------------- ---------------------
<S> <C> <C> <C> <C>
Per Share................. $ $ $ $
Total..................... $ $ $ $
</TABLE>
We estimate that the total expenses of this offering, excluding the
underwriting discount, will be approximately $2,450,000.
We and Cantor have agreed to indemnify the underwriters against specified
liabilities, including liabilities under the Securities Act.
Thomas Weisel Partners LLC, one of the representatives of the underwriters,
was organized and registered as a broker-dealer in December 1998. Since December
1998, Thomas Weisel Partners has been named as a lead or co-manager on 87 filed
public offerings of equity securities, of which 64 have been completed, and has
acted as a syndicate member in an additional 45 public offerings of equity
securities. Thomas Weisel Partners does not have any material relationship with
us or any of our officers, directors or other controlling persons, except with
respect to its contractual relationship with us pursuant to the underwriting
agreement entered into in connection with this offering.
We and our directors, executive officers and holders of our common stock
and securities convertible into or exercisable or exchangeable for common stock
issued prior to this offering, or upon consummation of the formation
transactions, have agreed pursuant to certain "lock-up" agreements with the
underwriters that, subject to certain exceptions, we and they will not offer,
sell, contract to sell, pledge, grant any option to sell, or otherwise dispose
of, directly or indirectly, any shares of common stock or securities convertible
into or exercisable or exchangeable for common stock for a period of 180 days
after the date of this prospectus without the prior written consent of Warburg
Dillon Read LLC. Warburg Dillon Read LLC, in its sole discretion, may release
the shares subject to the lock-up agreements in whole or in part at any time
with or without notice. However, Warburg Dillon Read LLC has no current plan to
do so.
At our request, the underwriters have reserved for sale at the initial
public offering price up to 425,000 shares of our Class A common stock for our
officers, directors, employees, clients, friends and related persons who express
an interest in purchasing these shares. The number of shares of our Class A
common stock available for sale to the general public will be reduced to the
extent these persons purchase these reserved shares. The underwriters will offer
any shares not so purchased by these persons to the general public on the same
basis as the other shares in this initial public offering.
Cantor Fitzgerald & Co., a subsidiary of the selling stockholder and an
indirect subsidiary of Cantor, is participating in this offering as an
underwriter. Consequently, this offering is being conducted in accordance with
Rule 2720 of the Conduct of Rules of the NASD, which provides that, among other
things, when an NASD member participates in the underwriting of its subsidiary's
equity securities, the initial public offering price can be no higher than that
recommended by a "qualified independent underwriter" meeting certain standards.
In accordance with this requirement, Warburg Dillon Read LLC is serving in this
role and will recommend a price in compliance with the requirements of
Rule 2720. In connection with this offering, Warburg Dillon Read LLC in its role
as qualified independent underwriter has performed due diligence investigations
and reviewed and participated in the preparation of this prospectus and the
registration statement of which this prospectus forms a part. In addition, the
underwriters may not confirm sales to any discretionary account without the
prior specific approval of the customer.
Prior to this offering, there has been no public market for our Class A
common stock. Consequently, the offering price for our Class A common stock will
be determined by negotiations between us, the selling stockholder and the
underwriters and is not necessarily related to our asset value, net worth or
other established criteria of value. The factors considered in these
negotiations, in addition to prevailing market conditions, included the history
of and prospects for the industry in which we compete, an assessment of our
management, our prospects, our capital structure and certain other factors as
were deemed relevant.
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<PAGE>
Rules of the Securities and Exchange Commission may limit the ability of
the underwriters to bid for or purchase shares before the distribution of the
shares is completed. However, the underwriters may engage in the following
activities in accordance with the rules:
o Stabilizing transactions--The representatives may make bids for or
purchases of the shares for the purpose of pegging, fixing or maintaining
the price of the shares, so long as stabilizing bids do not exceed a
specified maximum.
o Over-allotments and syndicate covering transactions--The underwriters may
create a short position in the shares by selling more shares than are set
forth on the cover page of this prospectus. If a short position is
created in connection with this offering, the representatives may engage
in syndicate covering transactions by purchasing shares in the open
market. The representatives may also elect to reduce any short position
by exercising all or part of the over-allotment option.
o Penalty bids--If the representatives purchase shares in the open market
in a stabilizing transaction or syndicate covering transaction, they may
reclaim a selling concession from the underwriters and selling group
members who sold those shares as part of this offering.
Stabilization and syndicate covering transactions may cause the price of
the shares to be higher than it would be in the absence of these transactions.
The imposition of a penalty bid might also have an effect on the price of the
shares if it discourages resales of the shares.
Neither us nor the underwriters make any representation or prediction as to
the effect that the transactions described above may have on the price of the
shares. These transactions may occur on the Nasdaq National Market or otherwise.
If these transactions are commenced, they may be discontinued without notice at
any time.
We and the underwriters expect that the shares will be ready for delivery
on the fourth business day following the date of this prospectus. Under
Securities and Exchange Commission regulations, secondary market trades are
required to settle in three business days following the trade date (commonly
referred to as "T+3"), unless the parties to the trade agree to a different
settlement cycle. As noted above, the shares will settle in T+3. Therefore,
purchasers who wish to trade on the date of this prospectus or during the next
three succeeding business days must specify an alternate settlement cycle at the
time of the trade to prevent a failed settlement. Purchasers of the shares who
wish to trade shares on the date of this prospectus or during the next three
succeeding business days should consult their own advisors.
__________________________________LEGAL MATTERS_________________________________
Certain legal matters related to this offering will be passed upon for us
and the selling stockholder by Morgan, Lewis & Bockius LLP, New York, New York
and Stephen Merkel, our Senior Vice President, General Counsel and Secretary.
Upon the closing of this offering, we will grant to Mr. Merkel options to
acquire 100,000 shares of our Class A common stock. Certain legal matters
related to this offering will be passed upon for the underwriters by Dewey
Ballantine LLP, New York, New York.
_____________________________________EXPERTS____________________________________
The financial statements included in this prospectus and registration
statement have been audited by Deloitte & Touche LLP, independent auditors, as
stated in their report appearing in this prospectus and registration statement,
and are included in reliance upon the report of such firm given upon their
authority as experts in accounting and auditing.
68
<PAGE>
____________________WHERE YOU CAN FIND MORE INFORMATION____________________
We have filed with the Securities and Exchange Commission a registration
statement (of which this prospectus forms a part) on Form S-1 with respect to
the Class A common stock being offered by this prospectus. This prospectus does
not contain all of the information set forth in the registration statement and
the exhibits and schedules thereto. For further information with respect to us
and the shares of Class A common stock offered hereby, reference is made to the
registration statement, including the exhibits and schedules thereto. Statements
contained in this prospectus as to the contents of any contract or other
document referred to herein are not necessarily complete and, where any contract
is an exhibit to the registration statement, each statement with respect to the
contract is qualified in all respects by the provisions of the revelant exhibit,
to which reference is hereby made. You may read and copy any document we file at
the Public Reference Section of the Securities and Exchange Commission, 450
Fifth Street, NW, Room 1024, Washington, D.C. 20549, and the Securities and
Exchange Commission's Regional Offices located at 500 West Madison Street, Suite
1400, Chicago, IL 60661, and 7 World Trade Center, 13th Floor, New York,
NY 10048. You may call the Securities and Exchange Commission at 1-800-SEC-0330
for further information about the operation of the public reference rooms.
As a result of this offering, we will become subject to the information and
reporting requirements of the Securities Exchange Act of 1934 and, in accordance
therewith, will file periodic reports, proxy statements and other information
with the Securities and Exchange Commission. Upon approval of the Class A common
stock for quotation on the Nasdaq National Market, such reports, proxy and
information statements and other information may also be inspected at the
National Association of Securities Dealers, Inc., 1735 K Street, NW, Washington,
D.C. 20006.
The Securities and Exchange Commission maintains a World Wide Web site that
contains reports, proxy and information statements and other information
regarding registrants that file electronically with the Securities and Exchange
Commission. The address of the Securities and Exchange Commission's Web site is
http://www.sec.gov.
69
<PAGE>
INDEX TO FINANCIAL STATEMENTS
eSPEED, INC. AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
<TABLE>
<S> <C>
Independent Auditors' Report................................................................................ F-2
Consolidated Statement of Financial Condition............................................................... F-3
Consolidated Statement of Operations........................................................................ F-4
Consolidated Statement of Cash Flows........................................................................ F-5
Consolidated Statement of Changes in Stockholder's Equity................................................... F-6
Notes to Consolidated Financial Statements.................................................................. F-7
</TABLE>
F-1
<PAGE>
INDEPENDENT AUDITORS' REPORT
To the Board of Directors
and Stockholder of eSpeed, Inc.:
We have audited the accompanying consolidated statement of financial condition
of eSpeed, Inc. and Subsidiaries (the "Company") as of September 24, 1999, and
the related statements of operations, cash flows and changes in stockholder's
equity for the period from March 10, 1999 (date of commencement of operations)
to September 24, 1999. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all
material respects, the financial position of the Company at September 24, 1999,
and the results of its operations and its cash flows for the period from
March 10, 1999 (date of commencement of operations) to September 24, 1999, in
conformity with generally accepted accounting principles.
/s/ Deloitte & Touche LLP
New York, New York
December 7, 1999
F-2
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
SEPTEMBER 24, 1999
<TABLE>
<S> <C>
ASSETS
Cash............................................................................................... $ 200,000
-----------
Fixed assets, at cost.............................................................................. 10,973,124
Less accumulated depreciation and amortization..................................................... (2,021,726)
-----------
Fixed assets, net.................................................................................. 8,951,398
Prepaid expenses, principally computer maintenance agreements...................................... 1,646,866
-----------
Total assets................................................................................ $10,798,264
-----------
-----------
LIABILITIES AND STOCKHOLDER'S EQUITY
Liabilities:
Payable to affiliates, net......................................................................... $ 5,097,480
Accrued compensation and benefits.................................................................. 4,861,668
Accounts payable and accrued liabilities........................................................... 1,797,658
-----------
Total liabilities........................................................................... 11,756,806
-----------
Commitments and contingencies
Stockholder's equity:
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized, no share issued or
outstanding................................................................................... --
Class A common stock, par value $0.01 per share; 200,000,000 shares authorized; 2,500,000 shares
issued and outstanding........................................................................ 25,000
Class B common stock, par value $0.01 per share; 100,000,000 shares authorized, 41,500,000 shares
issued and outstanding........................................................................ 415,000
Additional paid in capital......................................................................... 5,215,299
Accumulated deficit................................................................................ (6,613,841)
-----------
Total stockholder's equity......................................................................... (958,542)
-----------
Total liabilities and stockholder's equity......................................................... $10,798,264
-----------
-----------
</TABLE>
See notes to consolidated financial statements.
F-3
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE PERIOD FROM MARCH 10, 1999
(DATE OF COMMENCEMENT OF OPERATIONS) TO SEPTEMBER 24, 1999
<TABLE>
<CAPTION>
PRO FORMA
ACTUAL ADJUSTMENTS(1) (UNAUDITED)
------------ -------------- -----------
<S> <C> <C> <C>
Revenues:
Transaction revenues............................................ $ 15,034,597 $ -- $15,034,597
System services fees from affiliates............................ 9,104,872 9,104,872
------------ ---------- -----------
Total revenues............................................. 24,139,469 24,139,469
------------ ---------- -----------
Expenses:
Compensation and employee benefits.............................. 14,704,940 14,704,940
Occupancy and equipment......................................... 6,632,436 6,632,436
Professional and consulting fees................................ 3,615,348 3,615,348
Communications and client networks.............................. 2,445,792 2,445,792
Transaction services fees paid to affiliates.................... 1,337,282 1,337,282
Administrative fees paid to affiliates.......................... 1,067,200 1,067,200
Other........................................................... 1,122,119 1,122,119
------------ ---------- -----------
Total expenses............................................. 30,925,117 30,925,117
------------ ---------- -----------
Loss before benefit for income taxes.............................. (6,785,648) -- (6,785,648)
------------ ---------- -----------
Income tax benefit:
Federal......................................................... -- --
State and local................................................. 171,807 (171,807) --
------------ ---------- -----------
Total tax benefit.......................................... 171,807 (171,807) --
------------ ---------- -----------
Net loss................................................... $ (6,613,841) $ (171,807) $(6,785,648)
------------ ---------- -----------
------------ ---------- -----------
Per share data:
Basic and diluted net loss per share............................ $ (0.15)
Shares of common stock outstanding.............................. 44,000,000
</TABLE>
- ------------------
(1) Pro forma income tax is computed as if the Company was subject to income tax
as a corporation. As such, the tax benefit for state and local tax which is
available to the Company as a division of CFS is no longer available as the
Company would be in a net operating loss position.
See notes to consolidated financial statements.
F-4
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS) TO
SEPTEMBER 24, 1999
<TABLE>
<S> <C> <C>
Cash flows from operating activities:
Net loss........................................................................... $(6,613,841)
Non-cash item included in net loss:
Depreciation and amortization................................................... 2,021,726
Increase in operating asset:
Prepaid expenses................................................................ (444,643)
Increase in operating liabilities:
Accrued compensation and benefits............................................... 3,370,832
Payable to affiliate, net....................................................... 5,097,480
Accounts payable and accrued liabilities........................................ 171,010
-----------
Cash provided by operating activities......................................... 3,602,564
-----------
Cash flows from investing activities:
Acquisitions of fixed assets....................................................... (1,999,851)
Capitalization of software development costs....................................... (1,602,713)
-----------
(3,602,564)
-----------
Cash flows from financing activities:
Capital contribution............................................................... 200,000
-----------
Net increase in cash................................................................. 200,000
Cash balance, beginning of period.................................................... --
-----------
Cash balance, end of period.......................................................... $ 200,000
-----------
-----------
Supplemental disclosure of non-cash financing activities:
Effective March 10, 1999, Cantor Fitzgerald Securities made an initial capital
contribution as follows:
Fixed assets.................................................................... $7,370,560
Prepaid expenses................................................................ 1,202,223
Accrued compensation and benefits............................................... (1,490,836)
Accounts payable and accrued expenses........................................... (1,626,648)
----------
Total non-cash capital contributed.............................................. $5,455,299
----------
----------
</TABLE>
See notes to consolidated financial statements.
F-5
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS) TO
SEPTEMBER 24, 1999
<TABLE>
<CAPTION>
COMMON STOCK ADDITIONAL TOTAL
------------------------ PAID IN ACCUMULATED STOCKHOLDER'S
CLASS A CLASS B CAPITAL DEFICIT EQUITY
---------- ---------- ---------- ----------- -------------
<S> <C> <C> <C> <C> <C>
Balance, March 10, 1999................... $ -- $ -- $ -- $ -- $ --
Cash capital contribution............... 1 199,999 200,000
Non-cash capital contribution........... 439,999 5,015,300 5,455,299
Conversion of Class B common stock to
Class A common stock................. 25,000 (25,000) --
Net loss................................ (6,613,841) (6,613,841)
---------- ---------- ---------- ----------- -----------
Balance, September 24, 1999............... $ 25,000 $ 415,000 $5,215,299 $(6,613,841) $ (958,542)
---------- ---------- ---------- ----------- -----------
---------- ---------- ---------- ----------- -----------
</TABLE>
See notes to consolidated financial statements.
F-6
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
1. ORGANIZATION AND FORMATION TRANSACTION
eSpeed, Inc. (eSpeed or, together with its wholly owned subsidiaries, the
Company) is a wholly owned subsidiary of Cantor Fitzgerald Securities (CFS),
which in turn is a 99.5% owned subsidiary of Cantor Fitzgerald, L.P. (CFLP, or
together with CFS and its subsidiaries, Cantor). eSpeed commenced operations on
March 10, 1999 as a division of CFS. eSpeed is a Delaware corporation that was
formed on June 3, 1999. In September 1999, the Company's Board of Directors
changed eSpeed's fiscal year from the last Friday of March to December 31. The
Company engages in the business of operating interactive electronic marketplaces
designed to enable market participants to trade securities and other products
more efficiently and at a lower cost than traditional trading environments
permit.
The Company filed a registration statement on Form S-1 with the Securities
and Exchange Commission for a public offering (the Offering) of Class A common
stock on September 21, 1999. The number of shares to be offered and the initial
offering price will be determined at a future date. On or prior to the effective
date of the Offering, and upon obtaining various regulatory approvals, the
formation transactions will be consummated and, as such, the accompanying
financial statements reflect such transactions and the activities of eSpeed
while operating as a division of CFS as the historical basis financial
statements of eSpeed. The formation transactions include an initial capital
contribution of net assets of $5,455,299. This contribution includes fixed
assets with a net book value of $7,370,560 and prepaid expenses of $1,202,223,
and the assumption of liabilities consisting of accrued compensation, accounts
payable and other liabilities of $3,117,484. In exchange for the contribution of
net assets, the Company issued Cantor 43,999,900 shares of Class B common stock.
Immediately thereafter, Cantor converted 2,500,000 shares of Class B common
stock to 2,500,000 shares of Class A common stock which will be sold in the
Offering.
Upon completion of the Offering, the capitalization of eSpeed will consist
of 200,000,000 shares of authorized Class A common stock, $.01 par value,
100,000,000 shares of Class B common stock, $.01 par value, and 50,000,000
shares of preferred stock, $.01 par value. The rights of holders of shares of
common stock will be substantially identical, except that holders of Class B
common stock will be entitled to 10 votes per share, while holders of Class A
common stock will be entitled to one vote per share. Additionally, each share of
Class B common stock will be convertible at any time, at the option of the
holder, into one share of Class A common stock. Upon the completion of the
Offering, the Company expects to issue warrants for 127,500 shares of Class A
common stock. These warrants will have a five-year term and will be exercisable
commencing on the first anniversary of the date of issuance at a price per share
equal to the initial public offering price. These warrants will be dilutive in
nature.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
USE OF ESTIMATES--The preparation of the consolidated financial statements
in conformity with generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported amounts of the assets
and liabilities, revenues and expenses, and the disclosure of contingent assets
and liabilities in the consolidated financial statements. Estimates, by their
nature, are based on judgment and available information. As such, actual results
could differ from the estimates included in these consolidated financial
statements.
TRANSACTION REVENUES--Securities transactions and the related transaction
revenues are recorded on a trade date basis.
FIXED ASSETS--Fixed assets, which comprise computer and communication
equipment and software, are depreciated over their estimated economic useful
lives of three to five years using an accelerated method. Upon commencement of
operations, the Company adopted Statement of Position 98-1, "Accounting for the
Costs of Computer Software Developed or Obtained for Internal Use." Accordingly,
internal and external
F-7
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED)
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES--(CONTINUED)
direct costs of application development and of obtaining software for internal
use are capitalized and amortized over their estimated economic useful lives of
three years on a straight line basis.
NEW ACCOUNTING PRONOUNCEMENTS--In June 1998, the Financial Accounting
Standards Board issued Statement of Financial Accounting Standards ("SFAS")
No. 133, "Accounting for Derivative Instruments and Hedging Activities," which
establishes accounting and reporting standards for derivative instruments,
including certain derivative instruments embedded in other contracts, and for
hedging activities. The statement, as amended, is effective for fiscal years
beginning after June 15, 2000. eSpeed has evaluated the impact of adopting SFAS
No. 133 and believes it will not have a material effect on its financial
statements.
3. FIXED ASSETS
Fixed assets consist of the following:
<TABLE>
<CAPTION>
SEPTEMBER 24,
1999
-------------
<S> <C>
Computer and communication equipment................................. $ 8,324,521
Software, including software development costs....................... 2,648,603
-------------
10,973,124
Less accumulated depreciation and amortization....................... (2,021,726)
-------------
Fixed assets, net.................................................... $ 8,951,398
-------------
-------------
</TABLE>
4. INCOME TAXES
The Company has operated as a division of CFS, which is a New York
partnership. Under applicable federal and state income tax laws, the taxable
income or loss of a partnership is allocated to each partner based upon their
ownership interest. CFS is, however, subject to the Unincorporated Business Tax
(UBT) of the City of New York, and the benefit for income taxes represents a
reduction in UBT. The loss generated by eSpeed will be used as a reduction of
the taxable income of CFS and, as such, eSpeed will be reimbursed for such tax
and has recognized the benefit as an offset to payable to affiliates. Upon
completion of the Offering, the stand-alone operations of eSpeed will be subject
to income tax as a corporation.
5. COMMITMENTS AND CONTINGENCIES
LEASES--Under an administrative services agreement, eSpeed is obligated for
minimum rental payments under various non-cancelable leases with third parties,
principally for office space and computer equipment, expiring at various dates
through 2004 as follows:
<TABLE>
<CAPTION>
FOR THE PERIOD ENDING DECEMBER 31:
- ---------------------------------------------------------------------
<S> <C>
1999................................................................. $ 1,078,351
2000................................................................. 4,627,449
2001................................................................. 4,388,356
2002................................................................. 4,388,356
2003................................................................. 4,308,659
Thereafter........................................................... 24,569,975
-------------
Total................................................................ $ 43,361,146
-------------
-------------
</TABLE>
Rental expense under the above and under all other operating leases
amounted to $2,450,446 for the period ended September 24, 1999.
F-8
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED)
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
5. COMMITMENTS AND CONTINGENCIES--(CONTINUED)
LEGAL MATTERS--On May 5, 1999, Cantor, The Board of Trade of the City of
Chicago, The New York Mercantile Exchange and The Chicago Mercantile Exchange,
were sued by Electronic Trading Systems, Inc. in the United States District
Court for the Northern District of Texas (Dallas Division) for alleged
infringement of Wagner United States patent 4,903,201, entitled "Automated
Futures Trade Exchange." The patent relates to a system and method for
implementing an electronic, computer-automated futures exchange. On July 1,
1999, Cantor answered the complaint, asserting, among other things, that the
'201 patent was invalid and not infringed by Cantor and that Cantor was not the
real party in interest. Although not identified by the complaint, Cantor
believes that the system being charged with infringement is a version of the
electronic trading system used by the Cantor Exchange which Cantor is
contributing to the Company in connection with this offering. If the plaintiff
is successful in the lawsuit, the Company may be required to obtain a license to
develop and market one or more of its services, to cease developing or marketing
such services or to redesign such services. There can be no assurances that the
Company would be able to obtain such licenses or that the Company would be able
to obtain them at commercially reasonable rates, or if unable to obtain licenses
that the Company would be able to redesign its services to avoid infringement.
Cantor owns U.S. patent 5,905,974, entitled "Automated Auction Protocol
Processor." On August 10, 1999, Liberty Brokerage Investment Corporation filed
an action for declaratory judgment in the United States District Court for the
District of Delaware against Cantor, claiming that the '974 patent was invalid,
unenforceable and not infringed by Liberty. On October 12, 1999, Cantor moved
(1) to dismiss all claims against Cantor for failure to state a claim upon which
relief can be granted and (2) to dismiss the action against Cantor for lack of
an actual case or controversy within the meaning of the law. On November 22,
1999, the Court granted the motion to dismiss the action as against Cantor
Fitzgerald Securities, and denied the motion to dismiss the action as against
Cantor and its affiliate CFPH, LLC. The Company cannot be assured that the
Company or Cantor will bring a claim for infringement of the '974 patent against
Liberty, that the '974 patent will be found to be valid and/or enforceable or
that Liberty will be found to have infringed the '974 patent. The Company will
assume responsibility for defending this suit on behalf of Cantor and its
affiliates.
In February 1998, Market Data Corporation contracted with Chicago Board
Brokerage (a company controlled by the Chicago Board of Trade and Prebon Yamane)
to provide the technology for an electronic trading system to compete with
Cantor's United States Treasury brokerage business. Market Data Corporation is
controlled by Iris Cantor and Rodney Fisher, her nephew-in-law. Iris Cantor, a
company under the control of Iris Cantor referred to herein as CFI, and Rodney
Fisher are limited partners of Cantor Fitzgerald, L.P.
In April 1998, Cantor Fitzgerald, L.P. filed a complaint in the Delaware
Court of Chancery against Market Data Corporation, Iris Cantor, CFI, Rodney
Fisher and Chicago Board Brokerage seeking an injunction and other remedies. The
complaint alleges that Iris Cantor, CFI and Rodney Fisher violated certain
duties, including fiduciary duties under Cantor's partnership agreement due to
their competition with Cantor Fitzgerald, L.P. with respect to the electronic
trading system mentioned above. The complaint further alleges that Market Data
Corporation and Chicago Board Brokerage tortiously interfered with Cantor's
partnership agreement and aided and abetted Iris Cantor's, CFI's and Rodney
Fisher's breaches of fiduciary duty. Iris Cantor, CFI and Rodney Fisher
counterclaimed seeking, among other things, (1) to reform agreements they have
with Cantor Fitzgerald, L.P. and (2) a declaration that Cantor Fitzgerald, L.P.
breached the implied covenant of good faith and fair dealing. Cantor has agreed
to indemnify the Company for any liabilities that the Company incurs with
respect to any current or future litigation involving (1) Market Data
Corporation, (2) Iris Cantor, (3) CFI or (4) Rodney Fisher.
On July 12, 1998, the Court of Chancery held Cantor Fitzgerald, L.P. was
likely to succeed on the merits of its claims that Iris Cantor, CFI and Rodney
Fisher had breached their partnership obligations to
F-9
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED)
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
5. COMMITMENTS AND CONTINGENCIES--(CONTINUED)
Cantor but had not shown that the defendants' conduct was likely to cause
imminent irreparable harm between the date of the opinion and a final hearing.
The Court of Chancery, therefore, denied Cantor Fitzgerald, L.P.'s request for
preliminary injunctive relief and scheduled a final trial. Cantor Fitzgerald,
L.P. settled its dispute with Chicago Board Brokerage in April 1999 and Chicago
Board Brokerage subsequently announced it was disbanding its operations. The
remaining parties have completed the final trial and the Court of Chancery's
decision is expected following post-trial oral arguments scheduled for December
7, 1999. The Company believes Market Data Corporation's technology for
electronic trading systems will be of substantial assistance to competitors in
the wholesale market if provided to them.
Two related actions are pending in New York. In a case pending in the
Supreme Court of New York, New York County, plaintiff Cantor Fitzgerald, L.P.
alleges, among other things, that defendants Market Data Corporation, CFI, Iris
Cantor and Rodney Fisher misused confidential information of Cantor Fitzgerald,
L.P. in connection with the above mentioned provision of technology to Chicago
Board Brokerage. In a case pending in the United States District Court for the
Southern District of New York, CFI and Iris Cantor allege, among other things,
that certain senior officers of Cantor Fitzgerald, L.P. breached fiduciary
duties they owed to CFI. The allegations in this lawsuit relate to several of
the same events underlying the court proceedings in Delaware. Neither of these
two cases has been pursued during the pendency of the court proceedings in
Delaware.
In addition to the allegations set forth in the pending lawsuits, Cantor
has received correspondence from the attorneys representing Iris Cantor, CFI,
Market Data Corporation and Rodney Fisher in the proceedings in Delaware,
expressing a purported concern that Cantor and/or certain of its partners may be
in breach of Cantor's partnership agreement (including, among other things, the
partnership agreement's provisions relating to competition with the partnership)
and the general partnership agreement of Cantor Fitzgerald Securities with
respect to the Company's initial public offering. Generally, these attorneys
have alleged that various purported conflicts of interest will exist arising
from the fact that certain of the Company's directors and officers will
simultaneously hold positions with Cantor Fitzgerald, L.P. Moreover, these
attorneys have asserted that the Company's business plan may not be consistent
with certain purported rights of Market Data Corporation (including purported
intellectual property rights) and other parties and they have requested more
information regarding the Company's initial public offering.
Although the Company does not expect to incur any losses with respect to
the pending lawsuits or supplemental allegations surrounding Cantor's
partnership agreement, Cantor has agreed to indemnify the Company with respect
to any liabilities the Company incurs as a result of such lawsuits or
allegations.
Cantor and Reuters are parties to a confidential arbitration under the
auspices of the American Arbitration Association in New York, New York, which
began in June of 1995 with respect to a January 1993 agreement among Reuters,
Cantor and Market Data Corporation. Cantor has agreed to indemnify the Company
against all claims asserted by Reuters or Market Data Corporation relating to
this agreement or arising out of the arbitration.
The agreement executed in 1993 involves, among other things, the delivery
by Cantor of certain market brokerage data arising out of non-United States
government bond and U.S. municipal bond interdealer brokerage transactions for
transmittal over Reuters' network. The agreement also contemplated the joint
development by Cantor and Reuters of an electronic trading system for certain
transactions in non-United States government bonds. Cantor and Reuters did not
develop this electronic trading system. In the arbitration, Reuters alleges that
Cantor materially breached the agreement primarily by failing to provide non-
screen, voice brokerage data concerning non-United States government bonds and
U.S. municipal bonds that Reuters contends are subject to the agreement and
fraud. Reuters is seeking to recover from Cantor amounts representing past
payments for market data, the reimbursement of attorneys' fees and other
damages. Cantor
F-10
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED)
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
5. COMMITMENTS AND CONTINGENCIES--(CONTINUED)
has denied Reuters' allegations that there has been any material breach of this
agreement or fraud, and has asserted a breach of contract claim and various
other counterclaims against Reuters, including claims for Reuters' failure since
February 1997 to pay any of the money due Cantor for data under this agreement.
In February 1997, Reuters unilaterally ceased making such payments to Cantor in
connection with the dispute and in November 1999 stopped distributing Cantor's
market data that was provided to Reuters.
Reuters has recently asserted that, in the event it prevails in the
arbitration, it may be entitled to receive from Cantor, and possibly from the
Company, revenues in respect of the sale, license, dissemination, delivery or
other distribution of the data subject to this agreement. Reuters has also
asserted that, if it loses the arbitration, it could still, at the conclusion of
the arbitration, try to cure its multiple breaches and seek to have the
agreement remain in effect. Cantor believes that it did not materially breach
this agreement and believes that Reuters would not be entitled to (1) any of the
Company's revenues, even if Reuters prevailed in the arbitration or (2) cure its
own breaches and cause the agreement to remain in effect, in the event Cantor
prevails. As stated above, Reuters ceased making payments under this agreement
in 1997 and has ceased distributing the data covered by the agreement. Cantor
has notified Reuters that Cantor has terminated the agreement based on Reuters'
material breaches.
Market Data Corporation recently made an application for an order directing
(1) Reuters to pay Cantor for providing the data, (2) Cantor to continue to
provide Market Data Corporation with data for transmission to Reuters, and (3)
Reuters to accept and distribute the data over Reuters' network. That
application has been denied on the basis of Market Data Corporation's failure to
demonstrate that monetary damages would be an inadequate remedy for any damages
it may suffer as a result of Reuters' and Cantor's actions. Even if any relief
were granted to Market Data Corporation, the Company does not believe it would
have a material adverse effect on its business.
Recently, the panel in the arbitration rendered a decision interpreting
certain portions of the agreement in a manner contrary to that which Cantor
believes was intended and concluded that Cantor had failed to deliver certain
non-screen, voice brokerage data to Reuters that the panel concluded was
required under the agreement. Cantor maintains that it has not materially
breached the agreement, that any breach was cured by Cantor, that the agreement
cannot be terminated at Reuter's insistence, that Reuters has underpaid Cantor
and that, by ceasing to make payments since 1997 and discontinuing the
distribution of Cantor's data, Reuters has materially breached the agreement.
The panel has not resolved these issues and the arbitration is still continuing.
The Company cannot give any assurance that Market Data Corporation and/or
Reuters will not seek to assert claims relating to the Company's activities
against the Company or Cantor, either in the arbitration or in another
proceeding. In any event, Cantor has agreed to indemnify the Company with
respect to any claims asserted by Reuters or Market Data Corporation relating to
the agreement or arising out of the arbitration.
Although the ultimate outcome of these actions cannot be ascertained at
this time and the results of legal proceedings cannot be predicted with
certainty, it is the opinion of management that the resolution of these matters
will not have a material adverse effect on the financial condition or results of
operations of the Company.
RISKS AND UNCERTAINTIES--The Company generates its revenues by providing
securities trading activities to, and by executing transactions with,
institutional customers of CFS and certain of its affiliates. Revenues for these
services are transaction based. As a result, the Company's revenues could vary
based on the transaction volume of financial markets around the world.
F-11
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED)
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
6. RELATED PARTY TRANSACTIONS
The Company operates interactive electronic marketplaces. For providing
these services, the Company receives a percentage of the transaction revenues
ranging from 2.5% to 100% from Cantor's marketplace businesses, depending on the
type of electronic services provided for the transaction. Revenues from such
transactions during the period ended September 24, 1999 totaled $15,034,597.
On certain transactions (those where the Company receives 100% of the
commission revenue share), CFS or its affiliate provides the Company with
services for which CFS or its affiliate is paid a fee of 20% or 35% of the
transaction revenue earned on the transaction. Charges to the Company from CFS
and its affiliates for such transaction services during the period ended
September 24, 1999 totaled $1,337,282.
The Company also provides network, data center and server administration
support and other technology services to CFS and its affiliates. The Company
charges CFS and its affiliates for these services commensurate with its costs of
providing these services. System services fees received from CFS and its
affiliates during the period ended September 24, 1999 totaled $9,104,872.
Under an administrative services agreement, CFS and its affiliates provide
various administrative services to the Company, including accounting, tax, sales
and marketing, legal, and facilities management. The Company is required to
reimburse CFS or its affiliate for the cost of providing such services. The
costs represent the direct and indirect costs of providing such services and are
determined based upon the time incurred by the individual performing such
services. Management believes that this allocation methodology is reasonable.
The administrative services agreement has a three-year term which will renew
automatically for successive one-year terms unless cancelled upon six month's
prior notice by either the Company or CFS and its affiliates. The Company
incurred administrative fees for such services during the period ended
September 24, 1999 totaling $1,067,200.
7. REGULATORY CAPITAL REQUIREMENTS
Through its broker-dealer subsidiaries, eSpeed Government Securities, Inc.
and eSpeed Securities, Inc., the Company will be subject to Securities and
Exchange Commission broker-dealer regulation under Section 15C and Rule 17a-5,
respectively, of the Securities Exchange Act of 1934. As such, at current
business levels these subsidiaries would be required to maintain minimum net
capital, as defined, of $25,000 and $5,000, respectively. In addition, eSpeed's
broker-dealer subsidiary in the United Kingdom, eSpeed Securities International
Limited, expects to be subject to the rules of the Securities and Futures
Authority, which requires minimum net capital of approximately $50,000.
8. EMPLOYEE BENEFIT PLAN
Employees of eSpeed are eligible to participate in the Cantor Fitzgerald
Deferral Plan (the Plan), which is a deferred-salary plan sponsored by CFLP,
whereby an eligible employee may elect to defer a portion of his salary by
directing eSpeed to contribute to the Plan. The Plan is available to all
employees of eSpeed meeting certain eligibility requirements and is subject to
the provisions of the Employee Retirement Income Security Act of 1974. While the
Company has the option to contribute to the Plan on behalf of its participants,
no such contribution was made during the period ended September 24, 1999. The
administration of the Plan is performed by CFLP. The Company pays its
proportionate share of such administrative costs under the Administrative
Services Agreement.
9. LONG-TERM INCENTIVE PLAN
The Company intends to adopt a Long-Term Incentive Plan (the Plan) which
will provide for awards in the form of 1) either incentive stock options or
non-qualified stock options (NQSOs); 2) stock appreciation rights;
3) restricted or deferred stock; 4) dividend equivalents; 5) bonus shares and
awards in lieu of
F-12
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED)
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
9. LONG-TERM INCENTIVE PLAN--(CONTINUED)
obligations to pay cash compensation; and 6) other awards the value of which is
based in whole or in part upon the value of eSpeed's common stock.
The Compensation Committee of the Board of Directors will administer the
Plan and will generally be empowered to select the individuals who will receive
the awards and the terms and conditions of those awards.
The Plan also authorizes the automatic grant of NQSOs to non-employee
directors upon initial election as a director and additional grants at each
annual meeting thereafter. These options will have an exercise price equal to
the fair market value of the Class A common stock on the date of grant.
In connection with the Offering, the Company also intends to issue
7,200,000 stock options to certain officers, directors and employees at an
exercise price equal to the initial public offering price. Additionally, the
Company anticipates granting approximately 300,000 stock options to certain
employees of Cantor at an exercise price equal to the initial public offering
price. This will result in an estimated, one time non-cash charge to the Company
of $4,000,000.
10. STOCK PURCHASE PLAN
The Company intends to adopt a Stock Purchase Plan to permit eligible
employees, including employees of Cantor, to purchase shares of eSpeed common
stock at a discount. At the end of each purchase period, as defined, accumulated
payroll deductions will be used to purchase stock at a price determined by a
Stock Purchase Plan administrative committee, which will generally not be less
than 85% of the lowest market price at various defined dates during the purchase
period. The Company has reserved 425,000 shares of Class A common stock for
issuance under the Stock Purchase Plan.
11. SEGMENT AND GEOGRAPHIC DATA
SEGMENT INFORMATION--The Company currently operates its business in one
segment, that of operating interactive electronic marketplaces for the trading
of securities and other financial products. This segment comprised approximately
62% of revenues for the period ended September 24, 1999. The remainder of the
Company's revenues were derived from system services fees received from CFS and
its affiliates.
GEOGRAPHIC INFORMATION--The Company operates in the U.S., Europe and Asia.
Revenue attribution for purposes of preparing geographic data is principally
based upon the marketplace where the financial product is traded, which, as a
result of regulatory jurisdiction constraints in most circumstances, is also
representative of the location of the client generating the transaction
resulting in commissionable revenue. The information
F-13
<PAGE>
eSPEED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED)
FOR THE PERIOD FROM MARCH 10, 1999 (DATE OF COMMENCEMENT OF OPERATIONS)
TO SEPTEMBER 24, 1999
11. SEGMENT AND GEOGRAPHIC DATA--(CONTINUED)
that follows, in management's judgement, provides a reasonable representation of
the activities of each region as of and for the period ended September 24, 1999:
<TABLE>
<S> <C>
Transaction revenues:
Europe....................................................................... $ 4,210,154
Asia......................................................................... 333,695
-----------
Total non-U.S............................................................. 4,543,849
U.S.......................................................................... 10,490,748
-----------
Total..................................................................... $15,034,597
-----------
-----------
</TABLE>
<TABLE>
<S> <C>
Average long-lived assets:
Europe....................................................................... $ 2,716,108
Asia......................................................................... 1,019,523
-----------
Total non-U.S............................................................. 3,735,631
U.S.......................................................................... 4,613,005
-----------
Total..................................................................... $ 8,348,636
-----------
-----------
</TABLE>
12. QUARTERLY INFORMATION (UNAUDITED)
The unaudited quarterly results of operations of the Company for 1999 are
prepared in accordance with generally accepted accounting principles. The
information presented reflects all adjustments (which consist of normal
recurring accruals) that are, in management's opinion, necessary for the fair
presentation of results of operations for the periods presented. Results of any
period are not necessarily indicative of results for a full year.
<TABLE>
<CAPTION>
MARCH 10,
1999
(DATE OF
COMMENCEMENT
OF
OPERATIONS)
TO
MARCH 26,
1999 JUNE 25, 1999 SEPT. 24, 1999
------------ ------------- --------------
<S> <C> <C> <C>
Total revenues..................................................... $1,948,250 $10,569,356 $ 11,621,863
---------- ----------- ------------
Total expenses..................................................... 2,486,758 13,321,989 15,116,370
---------- ----------- ------------
Loss before provision for income taxes............................. (538,508) (2,752,633) (3,494,507)
Income tax benefit................................................. 13,470 68,849 89,488
---------- ----------- ------------
Net loss........................................................... $ (525,038) $(2,683,784) $ (3,405,019)
---------- ----------- ------------
---------- ----------- ------------
</TABLE>
F-14
<PAGE>
NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE ANY
REPRESENTATIONS OTHER THAN THOSE CONTAINED IN THIS PROSPECTUS AND, IF GIVEN OR
MADE, SUCH INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN
AUTHORIZED. THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OTHER THAN THE SECURITIES
DESCRIBED IN THIS PROSPECTUS OR AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER
TO BUY SUCH SECURITIES IN ANY CIRCUMSTANCES IN WHICH SUCH OFFER OR SOLICITATION
IS UNLAWFUL. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY SALE MADE HEREUNDER
SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THE INFORMATION
CONTAINED HEREIN IS CORRECT AS OF ANY TIME SUBSEQUENT TO THE DATE OF SUCH
INFORMATION.
8,500,000 Shares
[LOGO]
Class A Common Stock
THROUGH AND INCLUDING , 2000 (THE 25TH DAY AFTER COMMENCEMENT OF
THIS OFFERING), ALL DEALERS EFFECTING TRANSACTIONS IN THE CLASS A COMMON STOCK
OFFERED BY THIS PROSPECTUS, WHETHER OR NOT PARTICIPATING IN THIS OFFERING, MAY
BE REQUIRED TO DELIVER A PROSPECTUS. THIS IS IN ADDITION TO THE OBLIGATION OF
DEALERS TO DELIVER A PROSPECTUS WHEN ACTING AS UNDERWRITERS AND WITH RESPECT TO
THEIR UNSOLD ALLOTMENTS OR SUBSCRIPTIONS.
WARBURG DILLON READ LLC
HAMBRECHT & QUIST
THOMAS WEISEL PARTNERS LLC
CANTOR FITZGERALD & CO.
<PAGE>
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.
The following table sets forth the expenses (other than underwriting
compensation expected to be incurred) in connection with this offering. All of
such amounts (except the SEC registration fee and the NASD filing fee) are
estimated.
<TABLE>
<S> <C>
SEC registration fee............................................................ $ 70,334
Nasdaq listing fee.............................................................. 95,000
NASD filing fee................................................................. 25,800
Blue Sky fees and expenses...................................................... 10,000
Printing and engraving costs.................................................... 225,000
Legal fees and expenses......................................................... 1,500,000
Accounting fees and expenses.................................................... 400,000
Transfer Agent and Registrar fees and expenses.................................. 3,500
Miscellaneous................................................................... 120,366
----------
Total........................................................................... $2,450,000
----------
----------
</TABLE>
ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Our By-Laws provide that we shall, to the fullest extent permitted by
Section 145 of the General Corporation Law of the State of Delaware (the
"DGCL"), as amended from time to time, indemnify all persons whom it may
indemnify pursuant thereto.
Section 145 of the DGCL permits a corporation, under specified
circumstances, to indemnify its directors, officers, employees or agents against
expenses (including attorneys' fees), judgments, fines and amounts paid in
settlements actually and reasonably incurred by them in connection with any
action, suit or proceeding brought by third parties by reason of the fact that
they were or are directors, officers, employees or agents of the corporation, if
such directors, officers, employees or agents acted in good faith and in a
manner they reasonably believed to be in or not opposed to the best interests of
the corporation and, with respect to any criminal action or proceeding, had no
reason to believe their conduct was unlawful. In a derivative action, i.e., one
by or in the right of the corporation, indemnification may be made only for
expenses actually and reasonably incurred by directors, officers, employees or
agents in connection with the defense or settlement of an action or suit, and
only with respect to a matter as to which they shall have acted in good faith
and in a manner they reasonably believed to be in or not opposed to the best
interests of the corporation, except that no indemnification shall be made if
such person shall have been adjudged liable to the corporation, unless and only
to the extent that the court in which the action or suit was brought shall
determine upon application that the defendant directors, officers, employees or
agents are fairly and reasonably entitled to indemnity for such expenses despite
such adjudication of liability.
Our Amended and Restated Certificate of Incorporation provides that our
directors will not be personally liable to us or our stockholders for monetary
damages resulting from breaches of their fiduciary duty as directors except (a)
for any breach of the duty of loyalty to us or our stockholders, (b) for acts or
omissions not in good faith or which involve intentional misconduct or a knowing
violation of law, (c) under Section 174 of the DGCL, which makes directors
liable for unlawful dividends or unlawful stock repurchases or redemptions, or
(d) for transactions from which directors derive improper personal benefit.
The Underwriting Agreement, filed as Exhibit 1, provides that the
Underwriters named therein will indemnify us and hold us harmless and each of
our directors, officers or controlling persons from and against certain
liabilities, including liabilities under the Securities Act. The Underwriting
Agreement also provides that such Underwriters will contribute to certain
liabilities of such persons under the Securities Act.
ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES.
On September 7, 1999, we issued 100 shares of common stock to Cantor
Fitzgerald Securities for an aggregate purchase price of $200,000.
The sale of the above securities was deemed to be exempt from registration
under the Securities Act in reliance on Section 4(2) of the Securities Act, or
Regulation D promulgated thereunder, as a transaction by an issuer not involving
a public offering.
II-1
<PAGE>
ITEM 16. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.
(a) Exhibits
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------ ------------------------------------------------------------------------------------------------------------
<C> <C> <S>
1 -- Form of Underwriting Agreement*
2.1 -- Form of Assignment and Assumption Agreement, dated as of , 1999, by and among Cantor
Fitzgerald, L.P., Cantor Fitzgerald Securities, CFFE, LLC, CFPH, LLC, Cantor Fitzgerald & Co. and
eSpeed, Inc.
2.2 -- Form of Assignment and Assumption Agreement, dated as of , 1999 by and between Cantor
Fitzgerald International and eSpeed Securities International Limited
3.1 -- Amended and Restated Certificate of Incorporation of eSpeed, Inc.*
3.2 -- Amended and Restated By-Laws of eSpeed, Inc.*
4.1 -- Specimen Class A Common Stock Certificate*
4.2 -- Form of Warrant to be issued to Martin J. Wygod*
5 -- Opinion of Morgan, Lewis & Bockius LLP*
10.1 -- Long-Term Incentive Plan of eSpeed, Inc.*
10.2 -- eSpeed, Inc. Stock Purchase Plan*
10.3 -- Form of Joint Services Agreement, dated as of , 1999, by and among Cantor Fitzgerald,
L.P., Cantor Fitzgerald International, Cantor Fitzgerald Gilts, Cantor Fitzgerald Securities, Cantor
Fitzgerald & Co., Cantor Fitzgerald Partners, eSpeed, Inc., eSpeed Securities, Inc., eSpeed Government
Securities, Inc., eSpeed International Securities Limited and eSpeed Markets, Inc.*
10.4 -- Form of Administrative Services Agreement, dated as of , 1999, by and among Cantor
Fitzgerald, L.P., Cantor Fitzgerald International, Cantor Fitzgerald Gilts, Cantor Fitzgerald
Securities, Cantor Fitzgerald & Co., Cantor Fitzgerald Partners, eSpeed, Inc., eSpeed Securities,
Inc., eSpeed Government Securities, Inc., eSpeed International Securities Limited and eSpeed Markets,
Inc.*
10.5 -- Form of Registration Rights Agreement*
10.6 -- Form of Sublease Agreement, dated as of December , 1999, between Cantor Fitzgerald Securities and
eSpeed, Inc.*
21 -- List of subsidiaries of eSpeed, Inc.*
23.1 -- Consent of Deloitte & Touche LLP
23.2 -- Consent of Morgan, Lewis & Bockius LLP (contained in Exhibit 5)*
23.3 -- Consent of Richard C. Breeden*
23.4 -- Consent of Larry R. Carter*
23.5 -- Consent of Douglas B. Gardner*
23.6 -- Consent of Frederick T. Varacchi*
23.7 -- Consent of William J. Moran*
23.8 -- Consent of Joseph Shea*
24 -- Powers of Attorney (included on signature page)*
27 -- Financial Data Schedule*
</TABLE>
- ------------------
* Previously filed.
(b) Financial Statement Schedules
The financial statement schedules are omitted because they are inapplicable
or the requested information is shown in the consolidated financial statements
of eSpeed, Inc. or related notes thereto.
II-2
<PAGE>
ITEM 17. UNDERTAKINGS.
The undesigned registrant hereby undertakes as follows:
(1) The undersigned will provide to the underwriters at the closing
specified in the Underwriting Agreement certificates in such denominations
and registered in such names as required by the underwriters to permit
prompt delivery to each purchaser.
(2) For purposes of determining any liability under the Securities
Act, the information omitted from the form of prospectus filed as part of
this registration statement in reliance on Rule 430A and contained in a
form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or
(4) or 497(h) under the Securities Act shall be deemed to be part of this
registration statement as of the time it is declared effective.
(3) For the purpose of determining any liability under the Securities
Act of 1933, each post-effective amendment that contains a form of
prospectus shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that
time shall be deemed to the initial bona fide offering thereof.
Insofar as indemnification arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant
pursuant to the provisions described in Item 14 or otherwise, the registrant has
been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.
II-3
<PAGE>
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THE REGISTRANT
HAS DULY CAUSED THIS AMENDMENT NO. 5 TO REGISTRATION STATEMENT TO BE SIGNED ON
ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED, IN THE CITY OF NEW
YORK, THE STATE OF NEW YORK, ON THE 9TH DAY OF DECEMBER, 1999.
eSpeed, Inc.
By: _________________*________________
Name: Howard W. Lutnick
Title: Chairman of the Board and
Chief Executive Officer
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THIS AMENDMENT
NO. 5, TO REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS IN THE
CAPACITIES AND ON THE DATE INDICATED.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
- ------------------------------------------ ------------------------------------------- -------------------
<C> <S> <C>
* Chairman of the Board and Chief Executive December 9, 1999
- ------------------------------------------ Officer
Howard W. Lutnick
* President and Chief Operating Officer December 9, 1999
- ------------------------------------------
Frederick T. Varacchi
/s/ DOUGLAS B. GARDNER Vice Chairman December 9, 1999
- ------------------------------------------
Douglas B. Gardner
* Senior Vice President and Chief Financial December 9, 1999
- ------------------------------------------ Officer (Principal Financial and Accounting
Kevin C. Piccoli Officer)
* Senior Vice President, General Counsel and December 9, 1999
- ------------------------------------------ Secretary
Stephen M. Merkel
*By /s/ DOUGLAS B. GARDNER
Douglas B. Gardner, as
Attorney-in-Fact pursuant to the
Power of Attorney previously provided as
part of the Registration Statement.
</TABLE>
II-4
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ---------- --------------------------------------------------------------------------------------------
<C> <C> <S> <C>
1 -- Form of Underwriting Agreement*
2.1 -- Form of Assignment and Assumption Agreement, dated as of , 1999, by and among
Cantor Fitzgerald, L.P., Cantor Fitzgerald Securities, CFFE, LLC, Cantor Fitzgerald
L.L.C., CFPH, LLC Cantor Fitzgerald & Co. and eSpeed, Inc.
2.2 -- Form of Assignment and Assumption Agreement, dated as of , 1999 by and
between Cantor Fitzgerald International and eSpeed Securities International Limited
3.1 -- Amended and Restated Certificate of Incorporation of eSpeed, Inc.*
3.2 -- Amended and Restated By-Laws of eSpeed, Inc.*
4.1 -- Specimen Class A Common Stock Certificate.*
4.2 -- Form of Warrant to be issued to Martin J. Wygod*
5 -- Opinion of Morgan, Lewis & Bockius LLP*
10.1 -- Long-Term Incentive Plan of eSpeed, Inc.*
10.2 -- eSpeed, Inc. Stock Purchase Plan*
10.3 -- Form of Joint Services Agreement, dated as of , 1999, by and among Cantor
Fitzgerald, L.P., Cantor Fitzgerald International, Cantor Fitzgerald Gilts, Cantor
Fitzgerald Securities, Cantor Fitzgerald & Co., Cantor Fitzgerald Partners, eSpeed,
Inc., eSpeed Securities, Inc., eSpeed Government Securities, Inc., eSpeed
International Securities Limited and eSpeed Markets, Inc.*
10.4 -- Form of Administrative Services Agreement, dated as of , 1999, by and
among Cantor Fitzgerald, L.P., Cantor Fitzgerald International, Cantor Fitzgerald
Gilts, Cantor Fitzgerald Securities, Cantor Fitzgerald & Co., Cantor Fitzgerald
Partners, eSpeed, Inc., eSpeed Securities, Inc., eSpeed Government Securities, Inc.,
eSpeed International Securities Limited and eSpeed Markets, Inc.*
10.5 -- Form of Registration Rights Agreement*
10.6 -- Form of Sublease Agreement, dated as of December , 1999, between Cantor Fitzgerald
Securities and eSpeed, Inc.*
21 -- List of subsidiaries of eSpeed, Inc.*
23.1 -- Consent of Deloitte & Touche LLP
23.2 -- Consent of Morgan, Lewis & Bockius LLP (contained in Exhibit 5)*
23.3 -- Consent of Richard C. Breeden*
23.4 -- Consent of Larry R. Carter*
23.5 -- Consent of Douglas B. Gardner*
23.6 -- Consent of Frederick T. Varacchi*
23.7 -- Consent of William J. Moran*
23.8 -- Consent of Joseph P. Shea*
24 -- Powers of Attorney (included on signature page)*
27 -- Financial Data Schedule*
</TABLE>
- ------------------
* Previously filed.
<PAGE>
ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS AGREEMENT is made and entered into as of December __, 1999, among
Cantor Fitzgerald, L.P., a Delaware limited partnership ("CFLP"), Cantor
Fitzgerald Securities, a New York general partnership ("CFS"), CFFE, LLC, a
Delaware limited liability company ("CFFE"), Cantor Fitzgerald L.L.C., a
Delaware limited liability company ("CF"), CFPH, LLC, a Delaware limited
liability company ("CFPH"), and Cantor Fitzgerald & Co., a New York general
partnership ("CF&Co" and, together with CFLP, CFS, CFFE, CF, and CFPH, the
"Assignors"), and eSpeed, Inc., a Delaware corporation ("Assignee").
W I T N E S S E T H:
WHEREAS, Assignee is a recently formed company that has been organized
to engage in the business of operating interactive electronic marketplaces in
accordance with the (i) Joint Services Agreement (as hereinafter defined) and
(ii) Administrative Services Agreement (as hereinafter defined) (the
"Business"), initially to be used principally by financial and wholesale market
participants to trade in fixed income securities, futures, options and other
financial instruments and including the eSpeed system described in the final
prospectus filed by Assignee (the "Prospectus") relating to Assignee's initial
public offering.
WHEREAS, each of CFLP, CFS and CF&Co currently operate the Business and
each Assignor owns or has the right to use the Assets (as hereinafter defined)
used to operate the Business, including, without limitation, certain hardware,
software, technologies, systems and other intellectual property and agreements
that are principally used in the Business.
WHEREAS, Assignee desires to acquire such assets from the Assignors in
exchange for the issuance to each Assignor of the number of shares of Class B
Common Stock, par value $.01, of Assignee (the "Class B Shares") set out
opposite the name of such Assignor on Schedule 1.04 hereto, being 43,999,900
Class B Shares in the aggregate for all of the Assignors (the "Consideration").
WHEREAS, each Assignor has determined that its share of the
Consideration represents valuable and fair consideration for the transfer of its
portion of such assets to Assignee and has determined that it is in its best
interest to transfer its portion of such assets to Assignee in return for the
Consideration.
NOW THEREFORE, in consideration of the mutual representations,
warranties, covenants and agreements contained herein, and upon the terms and
conditions hereinafter set forth, the parties hereby agree as follows:
<PAGE>
ARTICLE I
TERMS OF ASSIGNMENT
1.01. Assignment. On the terms and subject to the conditions in this
Agreement and for the Consideration specified herein, at the Closing (as
hereinafter defined), the Assignors shall sell, transfer, convey, assign and
deliver to Assignee, and Assignee shall purchase, acquire and accept from the
Assignors, free and clear of all mortgages, pledges, assessments, security
interests, conditional sale or title retention contracts, leases, liens, adverse
claims, Taxes (as hereinafter defined), levies, charges, options, rights of
first refusal, transfer restrictions or other encumbrances of any nature, or any
contracts, agreements or understandings to grant any of the foregoing
(collectively, "Liens"), all of the Assignors' right, title and interest in, to
and under the following assets and rights, including, but not limited to, the
assets and rights identified on Schedule 1.01, in each case to the extent used
or held for use principally in the Business, but excluding the Excluded Assets
(as hereinafter defined) (the "Assignment"):
(a) all machinery, equipment, computers, network servers, monitors,
servers and other related items of tangible personal property of the Assignors,
principally used in the Business (the "Equipment");
(b) all fictional business names, trade names, d/b/a names, logos,
Internet domain names (including, without limitation, www.eSpeed.com),
trademarks, service marks (including, without limitation, eSpeed(Service Mark)),
trade dress and any and all federal, state, local and foreign applications,
registrations and renewals therefor, and all the goodwill associated therewith
principally used in the Business (collectively, "Marks"); all copyrights in both
published works and unpublished works, and in online works such as Internet web
sites, and any federal or foreign applications, registrations and renewals
therefor principally used in the Business (collectively, "Copyrights"); all
rights in any and all licensed or proprietary computer software, firmware,
middleware, programs, systems applications, databases and files (in whatever
form or medium), including all material documentation, relating thereto, and all
source and object codes relating thereto principally used in the Business
(collectively, "Computer Software and Files"); all know-how, trade secrets,
confidential information, competitively sensitive and proprietary information
(including but not limited to internal pricing information, supplier
information, telephone and telefax numbers, and e-mail addresses), technical
information, data, process technology, drawings and blue prints principally used
in the Business, other than the Information (as hereinafter defined)
(collectively, "Trade Secrets"); and the right to sue for past infringement, if
any, in connection with any of the foregoing, including, but not limited to, the
intellectual property disclosed in Schedule 1.01(b) hereto (collectively, the
"Intellectual Property");
(c) all agreements and arrangements permitting any Assignor to use
intellectual property, equipment and computer equipment owned by third parties,
or permitting third party use of intellectual property, equipment or computer
equipment owned by any Assignor,
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or for the processing, use, licensing, leasing, storage, or retrieval of
software, data and information principally used by, and related to, the Business
(collectively, "Intellectual Property, Equipment and Computer Agreements");
(d) any and all accounting business information, management information
and internal reporting data and related books and records (in whatever form or
medium maintained), including but not limited to advertising, marketing and
sales programs, business, marketing and strategic plans, research and
development reports and records, and advertising copy (including radio and
television scripts), creative materials, production agreements, and all other
promotional brochures, flyers, inserts and other materials used principally in
connection with the Business (collectively, the "Marketing Materials");
(e) all computer tapes, discs and other media which are used to store
Intellectual Property (the "Computer Equipment");
(f) all agreements, contracts, instruments and other documents to which
any Assignor is a party that are listed in Schedule 2.07 (the "Assigned
Contracts");
(g) all claims of any Assignor against third parties relating to the
Assets (as hereinafter defined), whether choate or inchoate, known or unknown or
contingent or non-contingent;
(h) to the extent transferable, any and all Permits (as hereinafter
defined) used exclusively in connection with the Business; and
(i) all capital stock of eSpeed Securities International Limited, a
limited company registered in England under number 3809189;
all as the same shall exist on the Closing Date (items (a) through (i) being,
collectively, the "Assets").
1.02. Excluded Assets. Notwithstanding anything in this Agreement to
the contrary, all assets, properties and rights of the Assignors other than
those set forth in Section 1.01 (including Schedule 1.01), including without
limitation, the following assets, properties and rights of the Assignors (the
"Excluded Assets"), shall be excluded from and shall not constitute part of the
Assets, and Assignee shall have no rights, title or interest in or duties or
obligations of any nature whatsoever with respect thereto by virtue of the
consummation of the transactions contemplated by this Agreement:
(a) all contracts and other agreements to which any Assignor is a
party, other than those described in Section 1.01 above (the "Excluded
Contracts");
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(b) all rights of the Assignors in and to the trademarks, service
marks, and any applications, registrations and renewals therefor, and all the
goodwill associated therewith, licensed by any Assignor and (x) which are
subject to the Mutual Confidentiality Agreement ("Mutual Confidentiality
Agreement"), dated March 19, 1993, between CFLP and Market Data Corporation
("MDC") or (y) which are listed (by country and trademark) on Schedule 1.02(b)
hereto (collectively, the "Excluded Marks");
(c) all rights of the Assignors in, to or under, as applicable, the (x)
MDC Mortgage-Backed Securities Broker System, MDC Odd Lots Broker System, MDC
Options System, MDC OTR Broker System and MDC Buyside Terminal System
(collectively, the "MDC Broker System"), including all documentation relating
thereto and all source and object codes relating thereto and (y) Mutual
Confidentiality Agreement (together, the "Excluded Software");
(d) any and all Confidential Information as defined in the Mutual
Confidentiality Agreement;
(e) all rights of the Assignors in the Internet domain name
"cantor.com" and in and to the Internet web site accessed via such domain name,
including, but not limited to, all copyrights in all materials on such site and
the software underlying such site, all trademarks, service marks, trade names
and goodwill associated therewith, all proprietary computer software, programs,
applications, databases, files (in whatever form or medium) and all proprietary
information related thereto;
(f) all rights of the Assignors in, to and under the Data Purchase
Agreement, Data Product Agency and Electronic Trading System Agreement, dated
January 22, 1993, among CFLP, Reuters Limited ("Reuters") and MDC, as amended,
and all other agreements between CFLP, Reuters and/or MDC or related thereto, as
set forth in Schedule 1.02(f) hereto (the "Reuters Agreement");
(g) all rights of the Assignors with respect to the (x) Agreement,
dated February 23, 1990, between Telerate, Inc. ("Telerate") and CFS, as
amended, and (y) Master Optional Services Agreement, dated February 23, 1990,
between Telerate and MDC, as amended, and all other agreements between the
Assignors, Telerate and/or MDC or related thereto, as set forth in Schedule
1.02(g) hereto (the "Telerate Agreement");
(h) all right, title and interest with respect to information relating
to bids, offers or trades or any other information on Financial Products (as
defined in the Joint Services Agreement (as hereinafter defined)) created or
received by Assignors or any of their affiliates in a brokerage capacity,
including, but not limited to, information licensed, sold, transferred or
permitted to be published or displayed by Assignors pursuant to the Reuters
Agreement and the Telerate Agreement (the "Information");
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(i) all advertising, marketing and sales programs, advertising copy
(including radio and television scripts), creative materials, production
agreements, broadcasting rights, broadcasting and advertising time, space,
allowances and credits and other promotional brochures, flyers, inserts and
other materials used solely in connection with an Excluded Contract;
(j) Fraser et. al. U.S. Patent 5,905,974, entitled "Automated Auction
Protocol Processor" (the "Fraser Patent") and all filed patent applications;
(k) any assets, properties, rights and interests relating to the
Excluded Liabilities (as hereinafter defined); and
(l) all rights of the Assignors under this Agreement and the documents
and instruments delivered to the Assignors pursuant to this Agreement.
Each Assignor shall bear and pay all of the costs and expenses of the
assignment of its portion of the Assets, except for sales, transfer or other
similar taxes, which shall be borne and paid by Assignee.
1.03. Assumption of Liabilities. Effective as of the Closing Date,
Assignee will assume and agree to pay, perform and discharge, as and when due,
and indemnify and hold each Assignor harmless from and against, (x) each
liability listed in Schedule 1.03, (y) each obligation of each Assignor to be
performed after the Closing Date with respect to the Assets and the Assigned
Contracts and (z) each other liability of each Assignor thereunder (including
liabilities for any breach of a representation, warranty or covenant, or for any
claims for indemnification contained therein), to the extent and only to the
extent that such liability is due to the actions of Assignee (or any of
Assignee's affiliates, representatives or agents) after the Closing Date
(collectively, the "Assumed Liabilities"). Assignee shall not assume, and shall
not be obligated to pay, perform or discharge, any liability or obligation of
any Assignor other than the Assumed Liabilities (whether or not related to the
Assets or Business) (collectively, the "Excluded Liabilities"), and shall not be
obligated for any other claim, loss or liability relating to any act, omission
or breach by any Assignor with respect to the Business, the Assets or the
Assigned Contracts, or for any claim, loss or liability related to the Excluded
Assets or the Excluded Liabilities, all of which, the Assignors shall remain
obligated to pay, perform and discharge and to indemnify and hold Assignee
harmless against. Without limiting the foregoing, among other things, all
liabilities arising from the matters described in the Prospectus under the
caption "Legal Proceedings" shall be Excluded Liabilities except to the extent
expressly assumed as provided on Schedule 1.03.
1.04. Consideration. In consideration of the Assignment, in addition to
the assumption of the Assumed Liabilities as provided in Section 1.03, Assignee
shall issue to each Assignor the number of Class B Shares set out opposite the
name of such Assignor on Schedule 1.04 hereto, being 43,999,900 Class B Shares
in the aggregate for all of the Assignors.
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1.05. The Closing.
(a) Date and Place. The closing of the transactions contemplated hereby
(the "Closing") shall take place at the New York offices of the Assignors, on
the 105th Floor of One World Trade Center, New York, New York 10048, on the date
the Assignors so elect, which date shall be no later than the fourth business
day following the date that all of the conditions to Closing provided in
Articles VI and VII hereof shall have been satisfied, or at such other time
and/or place and/or on such other date as the parties may mutually agree (the
"Closing Date").
(b) Documents to be Delivered by the Assignors. To the extent
applicable, at the Closing, each Assignor shall deliver to Assignee;
(i) a duly executed counterpart to the Joint Services
Agreement (the "Joint Services Agreement") substantially in the form of Exhibit
A hereto;
(ii) a duly executed counterpart of the Administrative
Services Agreement (the "Administrative Services Agreement") substantially in
the form of Exhibit B hereto;
(iii) a duly executed counterpart of the General Assignment,
Assumption and Bill of Sale (the "Bill of Sale") substantially in the form of
Exhibit C hereto;
(iv) a duly executed counterpart of the Registration Rights
Agreement (the "Registration Rights Agreement") substantially in the form of
Exhibit D hereto;
(v) a duly executed counterpart of the Sublease Agreement
substantially in the form of Exhibit E hereto (the "Sublease Agreement" and,
together with the Joint Services Agreement, the Administrative Services
Agreement, the Bill of Sale and the Registration Rights Agreement, the
"Additional Agreements"); and
(vi) such other duly executed documents or instruments to
effect the transfer of the Assets and the other transactions contemplated
hereby, and in such form, as Assignee may reasonably request.
(c) Documents to be Delivered by Assignee. At the Closing, Assignee
shall execute and deliver to the Assignors:
(i) a duly executed counterpart of the Joint Services
Agreement;
(ii) a duly executed counterpart of the Administrative
Services Agreement;
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(iii) a duly executed counterpart of the Bill of Sale for the
Assets transferred by such Assignor;
(iv) a duly executed counterpart of the Registration Rights
Agreement;
(v) a duly executed counterpart of the Sublease Agreement;
and
(vi) such other duly executed documents or instruments to
effect the transfer of the Assets, the assumption of the Assumed Liabilities and
the other transactions contemplated hereby, and in such form, as any Assignor
may reasonably request.
1.06. Section 351 Transaction. Each party hereto acknowledges and
agrees that the assignment of the Assets is intended to be treated for federal
income tax purposes and relevant state and local tax purposes as an element of a
tax-free transaction described in Section 351 of the Internal Revenue Code. No
party hereto shall take, or cause or permit to be taken, any position that is
inconsistent with such treatment in any tax return or filing or in any tax
proceeding.
ARTICLE II
REPRESENTATIONS AND WARRANTIES OF THE ASSIGNORS
Each Assignor jointly and severally represents and warrants to Assignee
as follows, except as otherwise disclosed in the disclosure schedules to this
Agreement (the "Disclosure Schedules"), which Disclosure Schedules specifically
reference the particular Sections hereof to which they relate:
2.01. Organization and Good Standing. Each Assignor is duly organized,
validly existing and in good standing under the laws of the state of its
organization and is duly qualified to do business and, except as would not
singly or in the aggregate have a Material Adverse Effect, is in good standing
in each jurisdiction in which the ownership, use or leasing of its assets or the
conduct or nature of its business makes such qualification necessary. "Material
Adverse Effect" means any event, change, changes, effect or effects that
individually or in the aggregate are materially adverse to (x) the ownership,
use, operation or value of the Assets, (y) the condition (financial or other) or
results of operations of, or prospects for, the Business or (z) the ability to
consummate the transactions contemplated by this Agreement, the Joint Services
Agreement or the Administrative Services Agreement.
2.02. Authority. Each Assignor has the requisite corporate power and
authority to execute and deliver this Agreement and the Additional Agreements to
which it is a party, to perform its obligations hereunder and thereunder and to
consummate the transactions contemplated hereby and thereby. The execution and
delivery by each Assignor of this
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Agreement and the Additional Agreements to which it is a party and the
consummation by each Assignor of the transactions contemplated hereby and
thereby have been duly authorized by all necessary corporate, stockholder,
member or partner action, and no other corporate, partner or member proceedings
on the part of any Assignor or any affiliate of any Assignor, respectively, are
necessary to authorize the execution and delivery by an Assignor of this
Agreement or the Additional Agreements to which that Assignor is a party or to
consummate the transactions contemplated hereby and thereby. This Agreement has
been, and at the Closing the Additional Agreements to which each Assignor is a
party will be, duly executed and delivered by each Assignor that is a party
thereto and constitutes or will constitute, as applicable, legal, valid and
binding obligations of each Assignor enforceable against such Assignor in
accordance with their respective terms.
2.03. No Conflict; Required Filings and Consents.
(a) The execution, delivery and performance by each Assignor of this
Agreement and the Additional Agreements to which it is a party do not, and the
consummation of the transactions contemplated hereby and thereby will not, (i)
conflict with or violate the partnership agreement, Certificate of Limited
Liability Company, limited liability company operating agreement, By-Laws or
similar organizational or governing document of any Assignor or any affiliate
thereof, as the case may be; (ii) conflict with or violate any federal, state,
local or foreign laws, rules, statutes, ordinances, regulations, judgments,
settlement agreements, orders or decrees or arbitration proceedings or
pronouncements (collectively "Laws") applicable to any Assignor or any affiliate
thereof, the Business or the Assets or by which any Assignor or any affiliate
thereof, the Business or the Assets are bound or affected; or (iii) result in
any material breach of or constitute a material default (or an event that with
notice or lapse of time or both would become a material default) under, or give
to any other person any right of termination, amendment, acceleration or
cancellation of, or result in the creation of a Lien on any of the Assets
pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease,
license, permit, franchise or other instrument or obligation to which any
Assignor or any affiliate thereof is a party or by which any Assignor or any
affiliate thereof, the Business or the Assets are bound or affected.
(b) The execution, delivery and performance by each Assignor of this
Agreement and the Additional Agreements to which it is a party do not and the
consummation of the transactions contemplated hereby and thereby do not require
any Assignors or any of its affiliates to seek, obtain or receive any consent,
approval, authorization or permit from, or make any filing with or notification
to, any governmental agency, authority or court or any other person, body or
committee, except for any consents, approvals, any authorizations or permits as
have been obtained or filings or notifications as has been made or as would not
singly or in the aggregate, if not obtained or made, have a Material Adverse
Effect.
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2.04. Permits; Compliance with the Law. Each Assignor is in possession
of all franchises, grants, authorizations, licenses, permits, easements,
variances, exemptions, consents, certificates, approvals and orders necessary
for it to own and use the Assets as presently owned and used and to carry on the
Business as it is now being conducted (the "Permits"), except for those Permits
the failure of which to obtain or maintain would not result in a Material
Adverse Effect, and no suspension, revocation, cancellation or refusal to review
any of the Permits has occurred, or to the knowledge of any Assignor, is
threatened or anticipated. Each of the Permits is listed on Schedule 2.04. Each
Assignor has conducted and is conducting the Business, and has owned, used and
operated and owns, uses and operates the Assets in compliance with, and not in
violation of, (i) any Law applicable to it or by which it, the Business or the
Assets is bound or affected or (ii) any of the Permits (except in either case
for any such violations as, singly or in the aggregate, would not have a
Material Adverse Effect).
2.05. Title to Assets. Each Assignor owns, free and clear of any Liens,
and has the full right to sell, assign and convey, all of the Assets, and at the
Closing will convey the Assets to Assignee, free and clear of any Liens.
2.06. Absence of Litigation. Except as would not singly or in the
aggregate have a Material Adverse Effect or is disclosed in the Prospectus,
there is no pending or threatened, nor has there been at any time during the
twelve months preceding the date hereof any, claim, complaint, action, suit,
litigation, proceeding or arbitration or, to each Assignor's knowledge, any
inquiry or investigation of any kind by any state attorney general, consumer
protection agency or other governmental or self-regulatory agency, or any other
person or entity which seeks to enjoin, delay or restrict any of the
transactions contemplated by this Agreement, the Additional Agreements or which
involves the Business or any of the Assets. Except as would not singly or in the
aggregate have a Material Adverse Effect, none of the Assignors nor any
affiliate of the Assignors are subject to any judgment, order, writ, injunction,
decree or award which relates to any of the Assets or to the Business.
2.07. Contracts; No Default; Etc. Schedule 2.07 of the Disclosure
Schedule lists each Assigned Contract. Correct and complete copies of each
Assigned Contract, together with all amendments, supplements and other
instruments (including side letters) thereto effecting a modification or waiver
of the terms thereof, have been delivered to Assignee. Each Assigned Contract is
valid, subsisting and, to each Assignor's knowledge, enforceable in accordance
with its terms, save only that such enforceability may be affected by
bankruptcy, insolvency, fraudulent conveyance, moratorium and similar laws
affecting the rights of creditors generally and by general principles of equity
(whether considered in a proceeding at law or in equity). Each such Assigned
Contract is in full force and effect, no written notice of termination or
non-renewal of any Assigned Contract has been given to any Assignor or, to the
knowledge of any Assignor, is anticipated, and there is no material default (or
any event known to any Assignor which, with the giving of notice or lapse of
time or both, would constitute a material default) by any Assignor or, to the
knowledge of any Assignor, by any other party to any
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such Assigned Contract, in the due timely payment or performance of any
obligation to be performed or paid under any Assigned Contract.
2.08. Intellectual Property and Computer Assets.
(a) Except as would not singly or in the aggregate have a Material
Adverse Effect, each Assignor owns all right, title and interest in, or has
valid and subsisting license rights sufficient to use and to continue to use,
all Intellectual Property principally used in the conduct of the Business as
currently conducted by each Assignor. All Intellectual Property necessary for
the conduct of the Business as described in the Prospectus (other than the
intellectual property included in the Excluded Assets) is being transferred or
licensed to Assignee hereunder. Except as would not singly or in the aggregate
have a Material Adverse Effect, all Intellectual Property is free and clear of
any and all Liens.
(b) Schedule 2.08(b) lists all of each Assignor's United States and
foreign registrations and applications issued by, filed with or recorded by any
governmental regulatory authority with respect to the Intellectual Property.
Except as singly or in the aggregate would not have a Material Adverse Effect,
all of such registrations and applications are valid and in full force and
effect and all necessary actions to maintain the registrations or applications
for registration of such Intellectual Property have been taken or instructions
have been given that such actions be taken, and such actions will be taken as of
the date of this Agreement.
(c) Except as singly or in the aggregate would not have a Material
Adverse Effect, all Computer Software and Files and Computer Equipment, to each
Assignor's knowledge, are "Year 2000 Compliant." For purposes of this Agreement,
"Year 2000 Compliant" means that the Computer Software and Files and Computer
Equipment will (A) consistently and accurately process date and time information
and data with values before, during and after January 1, 2000, including but not
limited to, accepting date input, providing date output, and performing
calculations on dates; and (B) function accurately and in accordance with its
specifications without an adverse change in performance resulting from
processing time data with values before, during and after January 1, 2000.
2.09. Taxes. Each Assignor has duly and timely filed all material
returns, reports or statements (including information statements) ("Tax
Returns") required to have been filed with respect to all federal, state, local
or foreign net or gross income, gross receipts, net proceeds, sales, use, ad
valorem, transfer, value added, franchise, bank shares, withholding, payroll,
employment, disability, excise, property, alternative or add-on minimum,
environmental or other taxes, assessments, duties, fees, levies or other
governmental charges of any nature whatsoever, together with any interest,
penalties, additions to tax or additional amounts with respect thereto
("Taxes"); each such Tax Return correctly and completely reflects the income,
franchise or other Tax liability and all other information required to be
reported thereon; and all Taxes due and payable by each Assignor, whether or not
shown on
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any Tax Return, have been paid, other than those that are the subject of a bona
fide dispute and are being contested by an Assignor in appropriate proceedings.
Notwithstanding anything to the contrary herein, the representations and
warranties in this Section 2.09 are limited to matters that (i) include, relate
to or otherwise affect the Business or the Assets, (ii) could result in the
imposition of a Lien on, or the assertion of a claim against, the Assignee, the
Business or the Assets or (iii) could affect the tax position of Assignee with
respect to the Business or the Assets after the Closing Date.
2.10. Undisclosed Liabilities. Except as singly or in the aggregate
would not have a Material Adverse Effect, there are no claims, losses,
obligations or liabilities of, relating to or affecting the Assignors or any of
the Assets.
2.11. Investment Representation. Each Assignor represents, warrants and
agrees that it is acquiring the Class B Shares for its own account and not with
a view to the resale or distribution thereof or any interest therein, except in
compliance with the registration requirements of applicable securities laws or
pursuant to an exemption therefrom. Any certificates evidencing the Class B
Shares may contain a legend, in customary form, to such effect.
2.12. Entire Business. The Assets, together with the services to be
provided by one or more of the Assignors pursuant to the (i) Administrative
Services Agreement and (ii) Joint Services Agreement, constitute all the assets,
properties and rights necessary for Assignee to conduct the Business in all
material respects as described in the Prospectus.
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF ASSIGNEE
Assignee hereby represents and warrants to the Assignors as follows:
3.01. Organization and Good Standing. Assignee is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware. Assignee has the requisite power and authority to execute, deliver and
perform this Agreement and to consummate the transactions contemplated hereby.
3.02. Authority; Binding Effect. Assignee has taken all necessary
corporate actions to authorize, execute and deliver this Agreement and to
perform all of its obligations under, and to consummate the transactions
contemplated by, this Agreement. This Agreement has been duly and validly
executed by Assignee. This Agreement constitutes the valid and binding
obligation of Assignee, enforceable against Assignee in accordance with its
terms, subject to the effect of reorganization, bankruptcy, insolvency,
moratorium, reorganization, fraudulent conveyance and other similar laws
relating to or affecting creditors' rights generally and court
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decisions with respect thereto, and subject to the application of equitable
principles and the discretion of the court (regardless of whether the
enforceability is considered in a proceeding in equity or at law).
ARTICLE IV
COVENANTS
4.01. Assignment of Contracts. Each Assignor will give any notices to
third parties, and will use its reasonable best efforts to obtain any third
party consents, that Assignee may request in connection with the transaction
contemplated by this Agreement, including, but not limited to, those consents
listed on Schedule 4.01. Each party to this Agreement will give notices to, make
any filings with, and use its reasonable best efforts to obtain any
authorizations, consents, and approvals of governments and governmental agencies
in connection with, the transactions contemplated by this Agreement.
4.02. Further Assurances. Each party hereto shall execute, deliver,
file and record, or cause to be executed, delivered, filed and recorded, such
further agreements, instruments and other documents and take, or cause to be
taken, such further actions, as the other party may reasonably request as being
necessary or advisable to effect or evidence the transactions contemplated by
this Agreement.
4.03. Termination of Non-Exclusive Patent License. CFLP and CFPH shall
terminate and cause its affiliates to terminate before the Closing Date Section
4 of a certain Assignment and License of Patent Rights, effective as of June 16,
1999, among CFLP, CFS and CFPH, whereby CFLP and CFPH granted a non-exclusive,
worldwide, non-transferable license to CFS for "CFS Patents" as that term is
defined therein.
4.04. Compliance with Laws. Each party hereto agrees to comply with all
applicable Laws relating to the conduct of its business(es).
4.05. Stock Issuance. Each of CFFE, CF, CFPH and CF&Co agrees to
transfer all of the Consideration issued to each of them, respectively, to CFS
and CFLP in such proportion between CFS and CFLP as set forth on Schedule 4.05.
ARTICLE V
INDEMNIFICATION
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5.01. Assignors' Indemnification Obligations. Subject to the terms and
conditions of this Article V, each Assignor agrees, jointly and severally, to
defend, indemnify and hold Assignee, its affiliates and assigns, and its
respective officers, directors, agents, attorneys, employees and representatives
harmless from and against any and all liabilities, losses, costs, damages,
expenses, penalties, deficiencies, fines and Taxes, including, without
limitation, reasonable legal and other expenses (collectively, "Damages"),
directly or indirectly arising out of, resulting from or relating to:
(a) any breach of any representation, warranty, covenant,
agreement or obligation of any Assignor contained in this Agreement;
(b) any Excluded Liability;
(c) the conduct of the Business, and the ownership, use and
operation of the Assets, on or prior to the Closing Date;
(d) the use, operation or ownership of the Excluded Assets prior to or
after the Closing including, without limitation, the Excluded Software; and
(e) (i) any claim by any employee of any Assignor not hired by Assignee
with respect to his or her employment by any Assignor before or after the
Closing, including any group insurance claims, workers' compensation claims or
liabilities arising out of any accident, illness or other event occurring before
or after the Closing and other claims with respect to pension, retirement and/or
welfare benefits as they relate to such employee's services for any Assignor,
and (ii) any contractual claims by any person who was an employee of any
Assignor prior to the Closing and arising out of the consummation of the
transactions contemplated by this Agreement.
(f) any claim for any breach by any Assignor of any covenant or
obligation contained in the Agreement of Limited Partnership of Cantor
Fitzgerald, L.P., as amended;
(g) any claim for any breach by any Assignor of any covenant or
obligation contained in the (i) Cantor Fitzgerald Securities General Partnership
Agreement, entered into September 25, 1992, by and between CFLP and Cantor
Fitzgerald Incorporated, and (ii) Agreement to Admit CF Group Management, Inc.
as a New Partner of Cantor Fitzgerald Securities, entered into as of July 2,
1996, by and between CFLP and CF Group Management, Inc.
5.02. Assignee's Indemnification Obligations. Subject to the terms and
conditions of this Article V, Assignee agrees to defend, indemnify and hold each
Assignor, its affiliates and their respective officers, directors, agents,
attorneys, employees and representatives harmless from and against any and all
Damages directly or indirectly arising out of, resulting from or relating to:
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(a) any breach of any representation, warranty, covenant, agreement or
obligation of Assignee contained in this Agreement;
(b) any Assumed Liability (including, without limitation, any failure
by Assignee to perform pursuant hereto the obligations to be performed by it
after the Closing under any Assigned Contracts or the use, operation or
ownership of the Assets or operation of the Business after the Closing); and
(c) any claim by any employee of Assignor hired by Assignee with
respect to his or her employment by Assignee or termination of such employment
after the Closing (except to the extent covered by Section 5.01 (e)(ii)),
including any group insurance claims, workers' compensation claims or
liabilities arising out of any accident, illness or other event occurring after
the Closing and other claims with respect to pension, retirement and/or welfare
benefits as they relate to such employee's services for Assignee after the
Closing.
5.03. Claims for Indemnification; Defense of Indemnified Claims. For
purposes of this Section, the party entitled to indemnification shall be
referred to as the Indemnified Party and the party required to indemnify shall
be referred to as the Indemnifying Party. In the event that the Indemnifying
Party shall be obligated to the Indemnified Party pursuant to this Article V or
in the event that a suit, action, investigation, claim or proceeding is begun,
made or instituted as a result of which the Indemnifying Party may become
obligated to the Indemnified Party hereunder, the Indemnified Party shall give
prompt written notice to the Indemnifying Party of the occurrence of such event,
specifying the basis for such claim or demand, and the amount or estimated
amount thereof to the extent then determinable (which estimate shall not be
conclusive of the final amount of such claim or demand); provided, however, that
the failure to give such notice shall not constitute a waiver of the right to
indemnification hereunder, except to the extent that the Indemnifying Party is
actually prejudiced in a material respect thereby. The Indemnifying Party agrees
to defend, contest or otherwise protect against any such suit, action,
investigation, claim or proceeding at the Indemnifying Party's own cost and
expense with counsel of its own choice, who shall be, however, reasonably
acceptable to the Indemnified Party. The Indemnifying Party may not make any
compromise or settlement without the prior written consent of the Indemnified
Party (which will not be unreasonably withheld or delayed) and the Indemnified
Party shall receive a full and unconditional release reasonably satisfactory to
it pursuant to such compromise or settlement. The Indemnified Party shall have
the right but not the obligation to participate at its own expense in the
defense thereof by counsel of its own choice. If requested by the Indemnifying
Party, the Indemnified Party shall (at the Indemnifying Party's expense) (i)
cooperate with the Indemnifying Party and its counsel in contesting any claim or
demand which the Indemnifying Party defends, (ii) provide the Indemnifying Party
with reasonable access during normal business hours to its books and records to
the extent that such books and records relate to the condition or operation of
the Business and are requested by the Indemnifying Party to perform its
indemnification obligations hereunder, and to make
14
<PAGE>
copies of such books and records, and (iii) make personnel available to assist
in locating any books and records relating to the Business or whose assistance,
participation or testimony is reasonably required in anticipation of,
preparation for, or the prosecution and defense of, any claim subject to this
Article V. In the event that the Indemnifying Party fails timely to defend,
contest or otherwise protect the Indemnified Party against any such suit,
action, investigation, claim or proceeding, the Indemnified Party shall have the
right to defend, contest or otherwise protect the Indemnified Party against the
same and may make any compromise or settlement thereof and recover the entire
cost thereof from the Indemnifying Party, including, without limitation,
reasonable attorneys' fees, disbursements and all amounts paid as a result of
such suit, action, investigation, claim or proceeding or compromise or
settlement thereof.
5.04. Payments; Non-Exclusivity. Any amounts due an Indemnified Party
under this Article V shall be due and payable by the Indemnifying Party within
fifteen (15) business days after (x) in the case of a claim which does not
involve any third party, receipt of written demand therefor and (y) in the case
of a claim which involves a third party, the final disposition of such claim or
demand, provided legal and other out-of-pocket costs and expenses are reimbursed
currently within fifteen (15) business days after demand therefor. The remedies
conferred in this Article V are intended to be without prejudice to any other
rights or remedies available at law or equity to the Indemnified Parties, now or
hereafter.
ARTICLE VI
CONDITIONS TO ASSIGNEE'S OBLIGATIONS
The obligation of Assignee to consummate the transactions contemplated
hereby is subject to the fulfillment at or prior to the Closing of the following
conditions, any or all of which may be waived in whole or in part by Assignee to
the extent permitted by applicable law:
6.01. Representations, Warranties and Covenants of the Assignors. The
Assignors shall have complied in all material respects with all of their
agreements and covenants contained herein (including the obligations of the
Assignors to deliver the documents specified in Section 1.05) to be performed at
or prior to the Closing Date, and all of the representations and warranties of
the Assignors contained herein shall be true in all material respects on and as
of the Closing Date with the same effect as though made on and as of the Closing
Date, except to the extent that such representations and warranties were made as
of a specified date and, as to such representations and warranties, the same
shall continue on the Closing Date to have been true in all material respects as
of the specified date.
15
<PAGE>
6.02. Other Consents and Filings. All material approvals and consents
of or filings with governmental or regulatory authorities, and all material
approvals and consents of any other persons (including, without limitation, all
third party consents under each of the Assigned Contracts), required to permit
the consummation of all of the transactions contemplated hereby shall have been
obtained or made, as the case may be, to the reasonable satisfaction of
Assignee; provided, however, that it shall not be a condition to Assignee's
obligation to close the transactions contemplated hereby if the failure to
obtain any such approvals, consents or filings would not be material to the
Business or the Assets. For purposes of this Section 6.02, it is understood and
agreed that the failure to obtain any of the approvals, consents and filings
listed on Schedule 6.02 shall be deemed to be material to the Business or the
Assets.
6.03. Absence of Litigation. No proceeding, action, suit,
investigation, litigation or claim challenging the legality of, or seeking to
restrain, prohibit or modify the transactions contemplated by this Agreement or
the Additional Agreements shall have been instituted and not settled or
otherwise terminated.
6.04. Initial Public Offering of Assignee's Class A Common Stock. The
Registration Statement on Form S-1 registering shares of Assignee's Class A
Common Stock, par value $.01 per share (the "Class A Common Stock"), shall have
been declared effective by the Securities and Exchange Commission and Assignee
shall have completed its initial public offering of its Class A Common Stock
concurrently with the Closing of the transactions contemplated hereby.
6.05. No Prohibition. No law, statute, rule or regulation or
injunction, order, judgment, ruling, decree or settlement of any court or
administrative agency shall be in effect which prohibits Assignee from
consummating the transactions contemplated hereby or operating any Asset after
the Closing Date.
ARTICLE VII
CONDITIONS TO THE ASSIGNORS' OBLIGATIONS
The obligations of the Assignors to consummate the transactions
contemplated hereby shall be subject to the satisfaction (or waiver by the
Assignors) on or prior to the Closing Date of all of the following conditions:
7.01. Representations, Warranties and Covenants of Assignee. Assignee
shall have complied in all material respects with all of its agreements and
covenants contained herein (including the obligation of Assignee to deliver the
documents specified in Section 1.05) to be performed at or prior to the Closing
Date, and all of the representations and warranties of Assignee contained herein
shall be true in all material respects on and as of the Closing Date
16
<PAGE>
with the same effect as though made on and as of the Closing Date, except to the
extent that such representations and warranties were made as of a specified date
and, as to such representations and warranties, the same shall continue on the
Closing Date to have been true in all material respects as of the specified
date.
7.02. Initial Public Offering of Assignee's Class A Common Stock. The
Registration Statement on Form S-1 registering shares of Assignee's Class A
Common Stock shall have been declared effective by the Securities and Exchange
Commission and Assignee shall have completed its initial public offering of its
Class A Common Stock concurrently with the Closing of the transactions
contemplated hereby.
7.03. No Prohibition. No law, statute, rule or regulation or
injunction, order, judgment, ruling, decree or settlement of any court or
administrative agency shall be in effect which prohibits any Assignor from
consummating the transactions contemplated hereby.
ARTICLE VIII
TERMINATION PRIOR TO CLOSING
8.01. Termination. This Agreement may be terminated at any time prior
to the Closing:
(a) By the mutual written consent of Assignee and the Assignors; or
(b) By either the Assignors or Assignee in writing, without liability
to the terminating party on account of such termination (provided that the
terminating party is not otherwise in breach of this Agreement), if there shall
have been a material breach by the other party of its representations,
warranties, covenants or agreements contained herein, the non- breaching party
has notified the breaching party of the breach, and the breach has continued
without cure for a period of 30 days after such notice of breach.
8.02. Effect on Obligations. Termination of this Agreement pursuant to
this Article shall terminate all obligations of the parties hereunder; provided,
however, that termination pursuant to paragraph (b) of Section 8.01 shall not
relieve any party that breached its covenants or agreements contained herein or
in any related agreement from any liability to the other party hereto by reason
of such breach.
17
<PAGE>
ARTICLE IX
MISCELLANEOUS
9.01. Joint and Several Liability. All obligations, covenants,
agreements, promises and liabilities of the Assignors hereunder shall be joint
and several obligations of all Assignors in all respects.
9.02. Successors and Assigns. This Agreement shall not be assignable by
Assignee without the prior written consent of the Assignors. The terms and
conditions of this Agreement shall inure to the benefit of and be binding upon
the respective successors and permitted assigns of the parties hereto.
9.03. Headings. The headings of the Articles, Sections and paragraphs
of this Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction hereof.
9.04. Modification and Waiver. No amendment, modification, alteration
or waiver of the terms or provisions of this Agreement shall be binding unless
the same shall be in writing and duly executed by the parties hereto; provided,
however, that each amendment, modification, alteration or waiver hereof or
hereunder must be approved by a majority of the outside directors of Assignee.
For purposes of this Agreement, an outside director shall mean a director who is
not an employee, partner or affiliate (other than solely by reason of being an
eSpeed director) of Assignee, CFLP or any of their respective affiliates. No
waiver of any of the provisions of this Agreement shall be deemed to or shall
constitute a waiver of any other provision hereof (whether or not similar). No
delay on the part of any party in exercising any right, power of privilege
hereunder shall operate as a waiver thereof.
9.05. Broker's Fees. Each party represents and warrants that no broker,
finder or investment banker is entitled to any brokerage, finder's or other fee
or commission in connection with the transactions contemplated hereby.
9.06. Expenses. Each Assignor and Assignee shall pay its own costs and
expenses incurred in connection with the preparation and execution and delivery
of this Agreement, including, without limiting the generality of the foregoing,
fees and expenses of financial consultants, accountants and counsel provided
that Assignee shall bear the cost of any sales, transfer and similar taxes in
connection with any transfer of assets pursuant to this Agreement. The
obligation to pay expenses pursuant to this Section 9.06 shall not in any way
limit or expand any obligation of any Assignor or Assignee to bear and pay costs
and expenses relating to the actual assignment of Assets pursuant to Section
1.01.
18
<PAGE>
9.07. Notices. Any notice, request, instruction or other document to be
given hereunder by either party hereto to the other party shall be in writing
and delivered personally or sent by electronic facsimile transmission, cable,
telegram, telex or other standard forms of written telecommunications, by
overnight courier or by registered or certified mail, postage prepaid,
If to the Assignors to:
Cantor Fitzgerald, L.P.
One World Trade Center, 105th Floor
New York, NY 10048
Attention: President
Telecopier Number: 212-938-4116
With copies to:
Cantor Fitzgerald, L.P.
One World Trade Center, 105th Floor
New York, NY 10048
Attention: General Counsel
Telecopier Number: 212-938-3620
If to Assignee to:
eSpeed, Inc.
One World Trade Center, 103rd Floor
New York, NY 10048
Attention: President
Telecopier Number: 212-938-4614
or at such other address for a party as shall be specified by like notice. Any
notice which is delivered personally or by a form of written telecommunications
in the manner provided herein shall be deemed to have been duly given to the
party to whom it is directed upon the actual receipt by such party. Any notice
which is addressed and sent in the manner herein provided shall be conclusively
presumed to have been duly given to the party to which it is addressed at the
close of business, local time of the recipient, on the first day, if mailed by
overnight courier, and otherwise on the third day, after the day it is so sent.
9.08. Governing Law. This Agreement shall be construed in accordance
with and governed by the laws of the State of New York applicable to agreements
made and to be performed wholly within such jurisdiction. EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENTS TO SUBMIT TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF
19
<PAGE>
NEW YORK AND OF THE UNITED STATES OF AMERICA IN EACH CASE LOCATED IN THE COUNTY
OF NEW YORK FOR ANY LITIGATION ARISING OUT OF OR RELATING TO THIS AGREEMENT AND
THE TRANSACTIONS CONTEMPLATED HEREBY (AND AGREES NOT TO COMMENCE ANY LITIGATION
RELATING THERETO EXCEPT IN SUCH COURTS), AND FURTHER AGREES THAT SERVICE OF ANY
PROCESS, SUMMONS, NOTICE OR DOCUMENT BY U.S. REGISTERED MAIL TO ITS RESPECTIVE
ADDRESS SET FORTH IN SECTION 9.07 SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY
LITIGATION BROUGHT AGAINST IT IN ANY SUCH COURT. EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO THE LAYING OF
VENUE OF ANY LITIGATION ARISING OUT OF THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY IN THE COURTS OF THE STATE OF NEW YORK OR THE UNITED STATES
OF AMERICA LOCATED IN THE COUNTY OF NEW YORK, AND HEREBY FURTHER IRREVOCABLY AND
UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT
ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM.
9.09. Other Covenants. Subject to Section 6.02, the extent that any
consents needed to assign to Assignee any of the Assets have not been obtained
on or prior to the Closing Date, this Agreement shall not constitute an
assignment or attempted assignment thereof if such assignment or attempted
assignment would constitute a breach thereof. If any such consent shall not be
obtained on or prior to the Closing Date, then (i) each of Assignee and the
applicable Assignor, if required under applicable law, shall use its reasonable
best efforts in good faith to obtain such consent as promptly as practicable
thereafter (provided that reasonable best efforts shall not include the payment
of monies to any third party) and (ii) until such consent is obtained, the
parties shall use reasonable efforts in good faith to cooperate and to cause
each of their respective affiliates to cooperate, in any lawful arrangement
(including licensing, subleasing or subcontracting if permitted) designed to
provide to Assignee the operational and economic benefits under any such Assets.
9.10. Disclosure Schedules and Exhibits; Entire Agreement. The
Disclosure Schedules, and all exhibits and attachments to the Disclosure
Schedules, an all exhibits to, and documents expressly incorporated into this
Agreement, and any other attachments to this Agreement are hereby incorporated
into this Agreement and are made a part hereof as if set out in full in this
Agreement. This Agreement (and the agreements, certificates and other documents
delivered hereunder), unless otherwise provided herein, supersedes all other
prior agreements and understandings, both written and oral, among the parties
with respect to the subject matter hereof and constitutes the entire agreement
among the parties hereto with respect to the subject matter hereof.
20
<PAGE>
9.11. Survival of Representations and Warranties. All of the
representations and warranties of the Assignors and Assignee contained in this
Agreement shall survive the Closing (even if the damaged party knew or had
reason to know of any misrepresentation or breach of warranty at the time of
Closing) and continue in full force and effect for ten (10) years thereafter
(subject to any applicable statutes of limitations).
9.12. Invalid Provisions. If any provision of this Agreement is held to
be illegal, invalid or unenforceable, and if the rights or obligations of any
party hereto under this Agreement will not be materially and adversely affected
thereby, (a) such provision will be fully severable, (b) this Agreement will be
construed and enforced as if such illegal, invalid or unenforceable provision
had never comprised a part hereof, (c) the remaining provisions of this
Agreement will remain in full force and effect and will not be affected by the
illegal, invalid or unenforceable provision or by its severance herefrom and (d)
in lieu of such illegal, invalid or unenforceable provision, there will be added
automatically as a part of this Agreement a legal, valid and enforceable
provision as similar in terms to such illegal, invalid or unenforceable
provision as may be possible.
9.13. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original,
and all of which shall constitute the same instrument.
[Signature Pages Follow]
21
<PAGE>
IN WITNESS WHEREOF, each of the parties hereto has caused this
Agreement to be executed on its behalf as of the date first above written.
ASSIGNORS:
CANTOR FITZGERALD, L.P.
By:
--------------------------------
Name:
Title:
CANTOR FITZGERALD SECURITIES
By:
--------------------------------
Name:
Title: General Partner
CANTOR FITZGERALD & CO.
By:
--------------------------------
Name:
Title: General Partner
CFFE, LLC
By:
--------------------------------
Name:
Title:
CANTOR FITZGERALD L.L.C.
By:
--------------------------------
Name:
Title:
[Signature Page to Assignment and Assumption Agreement]
<PAGE>
CFPH, LLC
By:
--------------------------------
Name:
Title:
ASSIGNEE:
eSPEED, INC.
By:
--------------------------------
Name:
Title:
[Signature Page to Assignment and Assumption Agreement]
<PAGE>
EXHIBIT A
Form of Joint Services
Agreement
A-1
<PAGE>
EXHIBIT B
Form of Administrative
Services Agreement
B-1
<PAGE>
EXHIBIT C
Form of General
Assignment,
Assumption
and Bill of Sale
C-1
<PAGE>
EXHIBIT D
Form of Registration Rights
Agreement
D-1
<PAGE>
EXHIBIT E
Form of Sublease
Agreement
E-1
<PAGE>
Schedule 1.01 - Contributed Assets
1. See Attached.
2. Prepaid Expenses
CFS Prepaid Computer Maintenance Expense $1,003,804
----------
----------
<PAGE>
eSpeed, Inc.
List of Fixed Assets
<PAGE>
<TABLE>
<CAPTION>
DEPTNAME GL YEAR PURCH DATE INVOICE NUMBER
<S> <C> <C> <C>
Communications-LA 1994 3-Feb-94
Systems Data Processing-LA 1994 3-Feb-94
Systems Data Processing-LA 1994 25-Mar-94
Communications-LA 1994 19-May-94
Systems Data Processing-LA 1994 19-May-94
Systems Data Processing-LA 1994 19-May-94
Systems Data Processing-LA 1994 21-Jun-94
Communications-LA 1994 28-Jul-94
Systems Data Processing-LA 1994 28-Jul-94
Systems Data Processing-LA 1994 8-Aug-94
Systems Data Processing-LA 1994 23-Aug-94
Systems Data Processing-LA 1994 27-Oct-94
Systems Data Processing-LA 1994 17-Nov-94
Systems Data Processing-LA 1995 1-Apr-95
Systems Data Processing-LA 1995 30-Jun-95
Systems Data Processing-LA 1996 19-Jan-96
ITD - Data Processing 1996 26-Jan-96
Systems Data Processing-LA 1996 29-Mar-96
Systems Data Processing-LA 1996 1-May-96
Emerging Markets Brady Bonds 1996 1-Jul-96 1996-050
Emerging Markets Euro Bonds 1996 1-Jul-96 1996-047
ITD Clearing-LA 1996 1-Jul-96 196307
ITD-Dallas 1996 1-Jul-96 191357
ITD-Sales General 1996 1-Jul-96 M076511
LDC Options 1996 1-Jul-96 1996-050
Systems Data Processing-LA 1996 1-Jul-96 146146
Emerging Markets Brady Bonds 1996 1-Aug-96 1291319
Emerging Markets Brady Bonds 1996 1-Aug-96 1996-083
Emerging Markets Brady Bonds 1996 1-Aug-96 1996-099
Emerging Markets Brady Bonds 1996 1-Aug-96 1996-101
Emerging Markets Euro Bonds 1996 1-Aug-96 1996-083
LDC Options 1996 1-Aug-96 1996-099
Emerging Markets Brady Bonds 1996 1-Sep-96 1291319
Emerging Markets Brady Bonds 1996 1-Sep-96 1996-047
Emerging Markets Brady Bonds 1996 1-Sep-96 1996-083
Emerging Markets Brady Bonds 1996 1-Sep-96 1996-099
Emerging Markets Brady Bonds 1996 1-Sep-96 1996-102
ITD-Sales General 1996 1-Sep-96 123Q69204
LDC Options 1996 1-Sep-96 1996-099
LDC Options 1996 1-Sep-96 32056802
OTC-CONVERTIBLE -2B INV(B-21B00) 1996 1-Sep-96 NER5911
Systems Data Processing-LA 1996 1-Sep-96 NK02511
Emerging Markets Brady Bonds 1996 1-Oct-96 1375583
Emerging Markets Brady Bonds 1996 1-Nov-96 1389513
Emerging Markets Brady Bonds 1996 1-Nov-96 1389513
Emerging Markets Brady Bonds 1996 1-Nov-96 1389838
Emerging Markets Brady Bonds 1996 1-Nov-96 1389838
Emerging Markets Brady Bonds 1996 1-Nov-96 1392818
Emerging Markets Brady Bonds 1996 1-Nov-96 1392818
Emerging Markets Brady Bonds 1996 1-Nov-96 1392818
Emerging Markets Brady Bonds 1996 1-Nov-96 1438056
Emerging Markets Euro Bonds 1996 1-Nov-96 1389513
Emerging Markets Euro Bonds 1996 1-Nov-96 1389838
Emerging Markets Euro Bonds 1996 1-Nov-96 1392818
Emerging Markets Euro Bonds 1996 1-Nov-96 1392818
Emerging Markets Euro Bonds 1996 1-Nov-96 1438056
ITD Clearing-LA 1996 1-Nov-96 1341487
ITD Clearing-LA 1996 1-Nov-96 1341487
ITD-Sales General 1996 1-Nov-96 154145
ITD-Sales General 1996 1-Nov-96 300-311347
ITD-Sales General 1996 1-Nov-96 300-311347
ITD-Sales General 1996 1-Nov-96 300-312254
LDC Options 1996 1-Nov-96 1389513
LDC Options 1996 1-Nov-96 1389838
LDC Options 1996 1-Nov-96 1392818
LDC Options 1996 1-Nov-96 1438056
LDC Options 1996 1-Nov-96 154744
Sec Lending-NY 1996 1-Nov-96 1389513
Sec Lending-NY 1996 1-Nov-96 1389838
Sec Lending-NY 1996 1-Nov-96 1392818
Sec Lending-NY 1996 1-Nov-96 1438056
Emerging Markets Brady Bonds 1996 1-Dec-96 1438064
Emerging Markets Brady Bonds 1996 1-Dec-96 1438064
Emerging Markets Brady Bonds 1996 1-Dec-96 154744
Emerging Markets Brady Bonds 1996 1-Dec-96 156979
Emerging Markets Euro Bonds 1996 1-Dec-96 156979
ISG Sales-NY 1996 1-Dec-96 300-326499
ITD-Sales General 1996 1-Dec-96 155366
ITD-Sales General 1996 1-Dec-96 300-334981
ITD-Sales General 1996 1-Dec-96 300-334981
LDC Options 1996 1-Dec-96 1438064
LDC Options 1996 1-Dec-96 154744
Communications-LA 1997 1-Jan-97 PQR9711
Emerging Markets Brady Bonds 1997 1-Jan-97 1425890
Emerging Markets Brady Bonds 1997 1-Jan-97 1425890
Emerging Markets Brady Bonds 1997 1-Jan-97 D0914253
Emerging Markets Brady Bonds 1997 1-Jan-97 DI1667409
Emerging Markets Euro Bonds 1997 1-Jan-97 1425890
Emerging Markets Euro Bonds 1997 1-Jan-97 1425890
Emerging Markets Euro Bonds 1997 1-Jan-97 1996-101
Emerging Markets Euro Bonds 1997 1-Jan-97 D0914253
ITD Portfolio Trading-NY 1997 1-Jan-97 1481293
ITD Portfolio Trading-NY 1997 1-Jan-97 1481293
ITD Portfolio Trading-NY 1997 1-Jan-97 1481293
ITD Portfolio Trading-NY 1997 1-Jan-97 300-335420
ITD Portfolio Trading-NY 1997 1-Jan-97 300-336298
LDC Options 1997 1-Jan-97 1425890
LDC Options 1997 1-Jan-97 D0914253
Sec Lending-NY 1997 1-Jan-97 1425890
Sec Lending-NY 1997 1-Jan-97 D0914253
Systems Data Processing-LA 1997 1-Jan-97 PQR9711
Accounting LA 1997 1-Feb-97 1392818
Communications-LA 1997 1-Feb-97 1505225
Corporate LA Management 1997 1-Feb-97 1505225
Futures-Allocated 1997 1-Feb-97 1505225
Futures-CBOT Chicago 1997 1-Feb-97 1505225
Futures-CME Chicago 1997 1-Feb-97 1505225
Futures-NY Sales 1997 1-Feb-97 1505225
ISG Sales-NY 1997 1-Feb-97 1505225
ITD CF Parallax 1997 1-Feb-97 1505225
ITD Clearing-LA 1997 1-Feb-97 1392818
ITD Clearing-LA 1997 1-Feb-97 1505225
ITD Listed Sales-LA 1997 1-Feb-97 1505225
ITD OTC-NY 1997 1-Feb-97 1505225
ITD Portfolio Trading-NY 1997 1-Feb-97 1505225
ITD Sales-LA 1997 1-Feb-97 1505225
ITD-Boston 1997 1-Feb-97 1505225
ITD-Chicago 1997 1-Feb-97 1505225
ITD-Dallas 1997 1-Feb-97 1505225
ITD-International-NY 1997 1-Feb-97 1505225
ITD-Sales General 1997 1-Feb-97 1505225
ITD-Sales General 1997 1-Feb-97 PBZ1711
LDC Options 1997 1-Feb-97 1218904
LDC Options 1997 1-Feb-97 1392818
NY OPERATONS IN L.A.(B-25I50) 1997 1-Feb-97 1392818
NY OPERATONS IN L.A.(B-25I50) 1997 1-Feb-97 1505225
Office Services-LA 1997 1-Feb-97 1505225
Sec Lending-NY 1997 1-Feb-97 1218904
Sec Lending-NY 1997 1-Feb-97 1392818
Sec Lending-NY 1997 1-Feb-97 1505225
Futures-Allocated 1997 1-Mar-97 D0914253
Futures-CBOT Chicago 1997 1-Mar-97 D0914253
Futures-CME Chicago 1997 1-Mar-97 D0914253
Futures-NY Sales 1997 1-Mar-97 D0914253
ISG Sales-NY 1997 1-Mar-97 D0914253
ISG Sales-NY 1997 1-Mar-97 I1643172
ISG Sales-NY 1997 1-Mar-97 I1648250
ISG Sales-NY 1997 1-Mar-97 I1667409
Sec Lending-NY 1997 1-Mar-97 D0914253
Systems Data Processing-LA 1997 1-Apr-97 18F80148
Systems Data Processing-LA 1997 1-Apr-97 18F80148
Futures-CBOT Chicago 1997 1-May-97 300357448
Futures-CBOT Chicago 1997 1-May-97 300357448
ITD OTC-NY 1997 1-May-97 2771
ITD Portfolio Trading-NY 1997 1-May-97 1533194
ITD Sanfran 1997 1-May-97 1511095
ITD Sanfran 1997 1-May-97 1511095
ITD-Sales General 1997 1-May-97 159552
ITD-Sales General 1997 1-May-97 300332337
ITD-Sales General 1997 1-May-97 300332337
ITD-Sales General 1997 1-May-97 300334981
ITD-Sales General 1997 1-May-97 300334981
Sec Lending-NY 1997 1-May-97 300-345918
Sec Lending-NY 1997 1-May-97 300-345918
Sec Lending-NY 1997 1-May-97 300-345918
Sec Lending-NY 1997 1-May-97 777952
Systems Data Processing-LA 1997 1-May-97 18F80148
ITD-Sales General 1997 1-Jul-97 300332337
ITD-Sales General 1997 1-Jul-97 300334981
ITD-Sales General 1997 1-Jul-97 300334981
Futures-CBOT Chicago 1997 1-Aug-97 1597067
ITD OTC-NY 1997 1-Aug-97 160915
ITD Portfolio Trading-NY 1997 1-Aug-97 1659822
ITD-Sales General 1997 1-Aug-97 1501941
ITD-Sales General 1997 1-Aug-97 1585389
ITD-Sales General 1997 1-Aug-97 1585389
ITD-Sales General 1997 1-Aug-97 161177
ITD-Sales General 1997 1-Aug-97 161177
ITD-Sales General 1997 1-Aug-97 161177
ITD-Sales General 1997 1-Aug-97 161177
ITD-Sales General 1997 1-Aug-97 161177
ITD-Sales General 1997 1-Aug-97 1615507
ITD-Sales General 1997 1-Aug-97 1615507
ITD-Sales General 1997 1-Aug-97 1615507
ITD-Sales General 1997 1-Aug-97 1615507
ITD-Sales General 1997 1-Aug-97 1615507
ITD-Sales General 1997 1-Aug-97 1615507
ITD-Sales General 1997 1-Aug-97 1615507
ITD-Sales General 1997 1-Aug-97 165362
ITD-Sales General 1997 1-Aug-97 1700677
ITD-Sales General 1997 1-Aug-97 1700677
ITD-Sales General 1997 1-Aug-97 1700677
ITD-Sales General 1997 1-Aug-97 300332337
ITD-Sales General 1997 1-Aug-97 43106
ITD-Sales General 1997 1-Aug-97 97087247
ITD-Sales General 1997 1-Aug-97 97087247
ITD-Sales General 1997 1-Aug-97 97087330
ITD-Sales General 1997 1-Aug-97 97087459
Systems Data Processing-LA 1997 1-Aug-97 10777
Systems Data Processing-LA 1997 1-Aug-97 9651
Systems Data Processing-LA 1997 1-Aug-97 9651
Systems Data Processing-LA 1997 1-Aug-97 9651
Systems Data Processing-LA 1997 1-Aug-97 9651
Systems Data Processing-LA 1997 1-Dec-97 03678
Systems Data Processing-LA 1997 1-Dec-97 07544
Sec Lending-NY 1998 1-Mar-98 03800
Systems Data Processing-LA 1998 1-Aug-98 24670
ITD Sales-LA 1998 1-Oct-98 66374
ITD Sales-LA 1998 1-Oct-98 73146
ITD Sanfran 1998 1-Oct-98 66376
ITD Sanfran 1998 1-Oct-98 73146
ITD-Boston 1998 1-Oct-98 55745
ITD-Boston 1998 1-Oct-98 73146
ITD-Chicago 1998 1-Oct-98 66377
ITD-Chicago 1998 1-Oct-98 73146
ITD-Dallas 1998 1-Oct-98 66375
ITD-Dallas 1998 1-Oct-98 73146
ITD-International-NY 1999 1-Jan-99
Corporate LA Management 1999 1-Feb-99 30789
ITD Portfolio Trading-NY 1999 1-Feb-99 71073
ITD Sales-LA 1999 1-Feb-99 30789
ITD Clearing-LA 1996 1-Aug-96 209695
ITD-Sales General 1996 1-Aug-96 M8B6111
ITD-Sales General 1996 1-Aug-96 M8C8711
OTC-CONVERTIBLE -2B INV(B-21B00) 1996 1-Aug-96 M8B6111
OTC-CONVERTIBLE -2B INV(B-21B00) 1996 1-Aug-96 M8C8711
Systems Data Processing-LA 1996 1-Aug-96 NGW4911
GSB - SHARED COST(B-6C000) 1994 21-Feb-94 I1176129
Systems-NY 1994 25-Apr-94 263508
GSB - SHARED COST(B-6C000) 1994 5-May-94 N/A
Systems-NY 1994 20-Jun-94 282266
Systems-NY 1994 1-Jul-94 264515
GSB - SHARED COST(B-6C000) 1994 6-Jul-94 287018
Systems-NY 1994 26-Aug-94 308505
GSB - SHARED COST(B-6C000) 1994 22-Nov-94 112540
GSB - SHARED COST(B-6C000) 1995 1-Jan-95 412136
GSB - SHARED COST(B-6C000) 1995 1-Mar-95 010015-02
GSB - SHARED COST(B-6C000) 1995 1-Mar-95 063985
GSB - SHARED COST(B-6C000) 1995 1-Mar-95 113478
GSB - SHARED COST(B-6C000) 1995 1-Mar-95 41201317
GSB - SHARED COST(B-6C000) 1995 1-Mar-95 53526364
GSB -Odd Lots 1995 1-Mar-95 41201317
GSB - SHARED COST(B-6C000) 1995 1-Apr-95 100059
GSB - SHARED COST(B-6C000) 1995 1-Apr-95 24012
GSB - SHARED COST(B-6C000) 1995 1-May-95 1031520
GSB - SHARED COST(B-6C000) 1995 1-May-95 AMS1995-60
GSB-Odd Lots 1995 1-May-95 1031519
GSB - SHARED COST(B-6C000) 1995 1-Jun-95 13801
GSB - SHARED COST(B-6C000) 1995 1-Jun-95 53554974
GSB - SHARED COST(B-6C000) 1995 1-Jun-95 AMS1995-66
GSB - SHARED COST(B-6C000) 1995 1-Jun-95 AMS1995-75
GSB-Odd Lots 1995 1-Jun-95 1039783
GSB - SHARED COST(B-6C000) 1995 1-Jul-95 AMS1995-69
GSB-Odd Lots 1995 1-Jul-95 131041
GSB-Odd Lots 1995 1-Aug-95 80078
GSB - SHARED COST(B-6C000) 1995 1-Sep-95 1104156
GSB - SHARED COST(B-6C000) 1995 1-Sep-95 1105668
GSB - SHARED COST(B-6C000) 1995 1-Sep-95 18688
GSB - SHARED COST(B-6C000) 1995 1-Sep-95 AMS1995115
GSB - SHARED COST(B-6C000) 1995 1-Sep-95 AMS1995116
GSB - SHARED COST(B-6C000) 1995 1-Oct-95 172352
GSB - SHARED COST(B-6C000) 1995 1-Oct-95 AMS1995-134
GSB - SHARED COST(B-6C000) 1995 1-Oct-95 AMS1995-146
GSB - SHARED COST(B-6C000) 1995 1-Oct-95 AMS1995-148
GSB - SHARED COST(B-6C000) 1995 1-Nov-95 50901822
GSB - SHARED COST(B-6C000) 1995 1-Nov-95 53591346
GSB - SHARED COST(B-6C000) 1995 1-Nov-95 7029-50208
GSB - SHARED COST(B-6C000) 1995 1-Nov-95 7042-50151
GSB - SHARED COST(B-6C000) 1995 1-Nov-95 864079700
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 1115510
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 1148613
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 1157264
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 1164915
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 174539
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 50061
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 AMS1995-143
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 AMS1995-144
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 AMS1995-165
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 AMS1995-86
GSB - SHARED COST(B-6C000) 1995 1-Dec-95 AMS1995-93
GSB - SHARED COST(B-6C000) 1996 1-Jan-96 011644-01
GSB - SHARED COST(B-6C000) 1996 1-Jan-96 116407
GSB - SHARED COST(B-6C000) 1996 1-Jan-96 138704
GSB - SHARED COST(B-6C000) 1996 1-Jan-96 24623A
GSB - SHARED COST(B-6C000) 1996 1-Mar-96 011740-01
GSB - SHARED COST(B-6C000) 1996 1-Mar-96 117287
GSB - SHARED COST(B-6C000) 1996 1-Mar-96 141171
GSB - SHARED COST(B-6C000) 1996 1-Apr-96 142329
GSB - SHARED COST(B-6C000) 1996 1-Apr-96 7157-50081
GSB - SHARED COST(B-6C000) 1996 1-Apr-96 A135516
GSB - SHARED COST(B-6C000) 1996 1-Apr-96 AMS1996-022
GSB - SHARED COST(B-6C000) 1996 1-May-96 10884
GSB - SHARED COST(B-6C000) 1996 1-May-96 2899
GSB - SHARED COST(B-6C000) 1996 1-May-96 IN26742
GSB - SHARED COST(B-6C000) 1996 1-Jun-96 1150411
GSB - SHARED COST(B-6C000) 1996 1-Jun-96 173327
GSB - SHARED COST(B-6C000) 1996 1-Jul-96 1291319
GSB - SHARED COST(B-6C000) 1996 1-Jul-96 1291319
GSB - SHARED COST(B-6C000) 1996 1-Jul-96 1996-050
GSB - SHARED COST(B-6C000) 1996 1-Jul-96 2866
GSB - SHARED COST(B-6C000) 1996 1-Jul-96 2879
GSB - SHARED COST(B-6C000) 1996 1-Jul-96 864511701
GSB - SHARED COST(B-6C000) 1996 1-Jul-96 864511701
GSB - SHARED COST(B-6C000) 1996 1-Jul-96 864511701
GSB -Swaps 1996 1-Jul-96 1996-050
GSB - SHARED COST(B-6C000) 1996 1-Aug-96 118725
GSB - SHARED COST(B-6C000) 1996 1-Aug-96 143011
GSB - SHARED COST(B-6C000) 1996 1-Aug-96 1996-083
GSB - SHARED COST(B-6C000) 1996 1-Aug-96 1996-099
GSB - SHARED COST(B-6C000) 1996 1-Aug-96 27834
GSB -Swaps 1996 1-Aug-96 1996-099
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 139194
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 139413
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 1996-050
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 1996-099
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 2910
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 70708
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864511701
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-A
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864695501-B
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864746801
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 864889401
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 869189400
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 869347400
GSB - SHARED COST(B-6C000) 1996 1-Sep-96 962309S
GSB-CF Kross 1996 1-Sep-96 123L30601
GSB-CF Kross 1996 1-Sep-96 123L30601
GSB-CF Kross 1996 1-Sep-96 123L30601
GSB-CF Kross 1996 1-Sep-96 123L30601
GSB-Swaps 1996 1-Sep-96 1294618
GSB - SHARED COST(B-6C000) 1996 1-Oct-96 1375583
GSB - SHARED COST(B-6C000) 1996 1-Oct-96 864726502
GSB-Long 1996 1-Oct-96 1375583
GSB-Swaps 1996 1-Oct-96 182803
1996 1-Nov-96 154744
Accounting-NY 1996 1-Nov-96 1389513
Accounting-NY 1996 1-Nov-96 1389513
Accounting-NY 1996 1-Nov-96 1389513
Accounting-NY 1996 1-Nov-96 1389513
Accounting-NY 1996 1-Nov-96 1389513
Accounting-NY 1996 1-Nov-96 1389838
Accounting-NY 1996 1-Nov-96 1389838
Accounting-NY 1996 1-Nov-96 1392818
Accounting-NY 1996 1-Nov-96 1392818
Accounting-NY 1996 1-Nov-96 1392818
Accounting-NY 1996 1-Nov-96 1435234
Accounting-NY 1996 1-Nov-96 1438056
Accounting-NY 1996 1-Nov-96 1438056
Agencies 1996 1-Nov-96 1389513
Agencies 1996 1-Nov-96 1389513
Agencies 1996 1-Nov-96 1389838
Agencies 1996 1-Nov-96 1389838
Agencies 1996 1-Nov-96 1392818
Agencies 1996 1-Nov-96 1392818
Agencies 1996 1-Nov-96 1392818
Agencies 1996 1-Nov-96 1438056
CANTOR DIGITAL SPEED(B-AV007) 1996 1-Nov-96 1367287
Communications-NY 1996 1-Nov-96 1389513
Communications-NY 1996 1-Nov-96 1389513
Communications-NY 1996 1-Nov-96 1389838
Communications-NY 1996 1-Nov-96 1389838
Communications-NY 1996 1-Nov-96 1392818
Communications-NY 1996 1-Nov-96 1392818
Communications-NY 1996 1-Nov-96 1392818
Communications-NY 1996 1-Nov-96 1438056
Communications-NY 1996 1-Nov-96 8188
Corporate Bonds-Canadians 1996 1-Nov-96 1389513
Corporate Bonds-Canadians 1996 1-Nov-96 1389838
Corporate Bonds-Canadians 1996 1-Nov-96 1392818
Corporate Bonds-Canadians 1996 1-Nov-96 1438056
Corporate Bonds-Corp Convertible Bonds 1996 1-Nov-96 1389513
Corporate Bonds-Corp Convertible Bonds 1996 1-Nov-96 1389838
Corporate Bonds-Corp Convertible Bonds 1996 1-Nov-96 1392818
Corporate Bonds-Corp Convertible Bonds 1996 1-Nov-96 1438056
Corporate Bonds-Industrials 1996 1-Nov-96 1389513
Corporate Bonds-Industrials 1996 1-Nov-96 1389838
Corporate Bonds-Industrials 1996 1-Nov-96 1392818
Corporate Bonds-Industrials 1996 1-Nov-96 1438056
Corporate Bonds-Intermediates 1996 1-Nov-96 1389513
Corporate Bonds-Intermediates 1996 1-Nov-96 1389513
Corporate Bonds-Intermediates 1996 1-Nov-96 1389838
Corporate Bonds-Intermediates 1996 1-Nov-96 1392818
Corporate Bonds-Intermediates 1996 1-Nov-96 1392818
Corporate Bonds-Intermediates 1996 1-Nov-96 1438056
Corporate Bonds-Junks 1996 1-Nov-96 1389513
Corporate Bonds-Junks 1996 1-Nov-96 1389838
Corporate Bonds-Junks 1996 1-Nov-96 1392818
Corporate Bonds-Junks 1996 1-Nov-96 1392818
Corporate Bonds-Junks 1996 1-Nov-96 1438056
Corporate Bonds-Med Term Notes 1996 1-Nov-96 1389513
Corporate Bonds-Med Term Notes 1996 1-Nov-96 1389838
Corporate Bonds-Med Term Notes 1996 1-Nov-96 1392818
Corporate Bonds-Med Term Notes 1996 1-Nov-96 1438056
Corporate Bonds-Support 1996 1-Nov-96 1389513
Corporate Bonds-Support 1996 1-Nov-96 1389838
Corporate Bonds-Support 1996 1-Nov-96 1392818
Corporate Bonds-Support 1996 1-Nov-96 1392818
Corporate Bonds-Support 1996 1-Nov-96 1438056
Corporate Bonds-Utilities/tel/ret 1996 1-Nov-96 1389513
Corporate Bonds-Utilities/tel/ret 1996 1-Nov-96 1389838
Corporate Bonds-Utilities/tel/ret 1996 1-Nov-96 1392818
Corporate Bonds-Utilities/tel/ret 1996 1-Nov-96 1438056
Corporate-NY 1996 1-Nov-96 1389513
Corporate-NY 1996 1-Nov-96 1389513
Corporate-NY 1996 1-Nov-96 1389838
Corporate-NY 1996 1-Nov-96 1389838
Corporate-NY 1996 1-Nov-96 1392818
Corporate-NY 1996 1-Nov-96 1392818
Corporate-NY 1996 1-Nov-96 1392818
Corporate-NY 1996 1-Nov-96 1438056
Credit 1996 1-Nov-96 1389513
Credit 1996 1-Nov-96 1389838
Credit 1996 1-Nov-96 1392818
Credit 1996 1-Nov-96 1392818
Credit 1996 1-Nov-96 1438056
Emerging Markets Brady Bonds 1996 1-Nov-96 154744
Environmental (EBS)-San Francisco 1996 1-Nov-96 1389838
Environmental (EBS)-San Francisco 1996 1-Nov-96 1392818
Equity Screen Brokerage 1996 1-Nov-96 1389513
Equity Screen Brokerage 1996 1-Nov-96 1389838
Equity Screen Brokerage 1996 1-Nov-96 1392818
Equity Screen Brokerage 1996 1-Nov-96 1392818
Equity Screen Brokerage 1996 1-Nov-96 1438056
Equity Screen Brokerage 1996 1-Nov-96 1441154
Equity Screen Brokerage 1996 1-Nov-96 154744
FX Forward Mark 1996 1-Nov-96 1389513
FX Forward Mark 1996 1-Nov-96 1389838
FX Forward Mark 1996 1-Nov-96 1392818
FX Forward Mark 1996 1-Nov-96 1438056
FX Forward Mark 1996 1-Nov-96 154744
FX Forward Yen 1996 1-Nov-96 1389513
FX Forward Yen 1996 1-Nov-96 1389838
FX Forward Yen 1996 1-Nov-96 1392818
FX Forward Yen 1996 1-Nov-96 1392818
FX Forward Yen 1996 1-Nov-96 1438056
FX Forward Yen 1996 1-Nov-96 154744
FX Forward Yen 1996 1-Nov-96 SAL000109
FX Forward Yen 1996 1-Nov-96 SAL000110
FX Options-NY 1996 1-Nov-96 1389513
FX Options-NY 1996 1-Nov-96 1389513
FX Options-NY 1996 1-Nov-96 1389838
FX Options-NY 1996 1-Nov-96 1389838
FX Options-NY 1996 1-Nov-96 1392818
FX Options-NY 1996 1-Nov-96 1392818
FX Options-NY 1996 1-Nov-96 1392818
FX Options-NY 1996 1-Nov-96 1435234
FX Options-NY 1996 1-Nov-96 1438056
FX Options-NY 1996 1-Nov-96 154744
GSB - SHARED COST(B-6C000) 1996 1-Nov-96 154744
GSB - SHARED COST(B-6C000) 1996 1-Nov-96 300-309658
GSB - SHARED COST(B-6C000) 1996 1-Nov-96 3188
GSB - SHARED COST(B-6C000) 1996 1-Nov-96 8277
GSB - SHARED COST(B-6C000) 1996 1-Nov-96 8277
GSB-Bills 1996 1-Nov-96 1389513
GSB-Bills 1996 1-Nov-96 1389513
GSB-Bills 1996 1-Nov-96 1389513
GSB-Bills 1996 1-Nov-96 1389513
GSB-Bills 1996 1-Nov-96 1389838
GSB-Bills 1996 1-Nov-96 1389838
GSB-Bills 1996 1-Nov-96 1392818
GSB-Bills 1996 1-Nov-96 1392818
GSB-Bills 1996 1-Nov-96 1392818
GSB-Bills 1996 1-Nov-96 1435234
GSB-Bills 1996 1-Nov-96 1438056
GSB-CF Kross 1996 1-Nov-96 1389513
GSB-CF Kross 1996 1-Nov-96 1389513
GSB-CF Kross 1996 1-Nov-96 1389513
GSB-CF Kross 1996 1-Nov-96 1389513
GSB-CF Kross 1996 1-Nov-96 1389838
GSB-CF Kross 1996 1-Nov-96 1389838
GSB-CF Kross 1996 1-Nov-96 1392818
GSB-CF Kross 1996 1-Nov-96 1392818
GSB-CF Kross 1996 1-Nov-96 1392818
GSB-CF Kross 1996 1-Nov-96 1435234
GSB-CF Kross 1996 1-Nov-96 1438056
GSB-CF Kross 1996 1-Nov-96 154145
GSB-Intermediate 1996 1-Nov-96 1389513
GSB-Intermediate 1996 1-Nov-96 1389513
GSB-Intermediate 1996 1-Nov-96 1389513
GSB-Intermediate 1996 1-Nov-96 1389513
GSB-Intermediate 1996 1-Nov-96 1389513
GSB-Intermediate 1996 1-Nov-96 1389838
GSB-Intermediate 1996 1-Nov-96 1389838
GSB-Intermediate 1996 1-Nov-96 1392818
GSB-Intermediate 1996 1-Nov-96 1392818
GSB-Intermediate 1996 1-Nov-96 1392818
GSB-Intermediate 1996 1-Nov-96 1435234
GSB-Intermediate 1996 1-Nov-96 1438056
GSB-Intermediate 1996 1-Nov-96 1438056
GSB-Long 1996 1-Nov-96 1389513
GSB-Long 1996 1-Nov-96 1389513
GSB-Long 1996 1-Nov-96 1389513
GSB-Long 1996 1-Nov-96 1389513
GSB-Long 1996 1-Nov-96 1389513
GSB-Long 1996 1-Nov-96 1389838
GSB-Long 1996 1-Nov-96 1389838
GSB-Long 1996 1-Nov-96 1392818
GSB-Long 1996 1-Nov-96 1392818
GSB-Long 1996 1-Nov-96 1392818
GSB-Long 1996 1-Nov-96 1435234
GSB-Long 1996 1-Nov-96 1438056
GSB-Long 1996 1-Nov-96 1438056
GSB-Odd Lots 1996 1-Nov-96 1389513
GSB-Odd Lots 1996 1-Nov-96 1389838
GSB-Odd Lots 1996 1-Nov-96 1392818
GSB-Odd Lots 1996 1-Nov-96 1392818
GSB-Odd Lots 1996 1-Nov-96 1438056
GSB-Short 1996 1-Nov-96 1389513
GSB-Short 1996 1-Nov-96 1389513
GSB-Short 1996 1-Nov-96 1389513
GSB-Short 1996 1-Nov-96 1389513
GSB-Short 1996 1-Nov-96 1389513
GSB-Short 1996 1-Nov-96 1389838
GSB-Short 1996 1-Nov-96 1389838
GSB-Short 1996 1-Nov-96 1392818
GSB-Short 1996 1-Nov-96 1392818
GSB-Short 1996 1-Nov-96 1392818
GSB-Short 1996 1-Nov-96 1435234
GSB-Short 1996 1-Nov-96 1438056
GSB-Short 1996 1-Nov-96 1438056
GSB-Short/Intermediate 1996 1-Nov-96 1389513
GSB-Short/Intermediate 1996 1-Nov-96 1389513
GSB-Short/Intermediate 1996 1-Nov-96 1389513
GSB-Short/Intermediate 1996 1-Nov-96 1389513
GSB-Short/Intermediate 1996 1-Nov-96 1389513
GSB-Short/Intermediate 1996 1-Nov-96 1389838
GSB-Short/Intermediate 1996 1-Nov-96 1389838
GSB-Short/Intermediate 1996 1-Nov-96 1392818
GSB-Short/Intermediate 1996 1-Nov-96 1392818
GSB-Short/Intermediate 1996 1-Nov-96 1392818
GSB-Short/Intermediate 1996 1-Nov-96 1435234
GSB-Short/Intermediate 1996 1-Nov-96 1438056
GSB-Short/Intermediate 1996 1-Nov-96 1438056
GSB-Spread Brokerage 1996 1-Nov-96 1389513
GSB-Spread Brokerage 1996 1-Nov-96 1389838
GSB-Spread Brokerage 1996 1-Nov-96 1392818
GSB-Spread Brokerage 1996 1-Nov-96 1438056
GSB-Swaps 1996 1-Nov-96 1389513
GSB-Swaps 1996 1-Nov-96 1389513
GSB-Swaps 1996 1-Nov-96 1389838
GSB-Swaps 1996 1-Nov-96 1389838
GSB-Swaps 1996 1-Nov-96 1392818
GSB-Swaps 1996 1-Nov-96 1392818
GSB-Swaps 1996 1-Nov-96 1392818
GSB-Swaps 1996 1-Nov-96 1438056
GSB-Volume Control 1996 1-Nov-96 1389513
GSB-Volume Control 1996 1-Nov-96 1389838
GSB-Volume Control 1996 1-Nov-96 1392818
GSB-Volume Control 1996 1-Nov-96 1392818
GSB-Volume Control 1996 1-Nov-96 1438056
GSB-Zeros 1996 1-Nov-96 1389513
GSB-Zeros 1996 1-Nov-96 1389513
GSB-Zeros 1996 1-Nov-96 1389838
GSB-Zeros 1996 1-Nov-96 1392818
GSB-Zeros 1996 1-Nov-96 1392818
GSB-Zeros 1996 1-Nov-96 1438056
Human Resources-NY 1996 1-Nov-96 1389513
Human Resources-NY 1996 1-Nov-96 1389838
Human Resources-NY 1996 1-Nov-96 1392818
Human Resources-NY 1996 1-Nov-96 1438056
IES 1996 1-Nov-96 1389513
IES 1996 1-Nov-96 1389838
IES 1996 1-Nov-96 1392818
IES 1996 1-Nov-96 1438056
IRS-CM IR Options 1996 1-Nov-96 1389513
IRS-CM IR Options 1996 1-Nov-96 1389838
IRS-CM IR Options 1996 1-Nov-96 1392818
IRS-CM IR Options 1996 1-Nov-96 1392818
IRS-CM IR Options 1996 1-Nov-96 1438056
IRS-CM Mediums 1996 1-Nov-96 1389513
IRS-CM Mediums 1996 1-Nov-96 1389513
IRS-CM Mediums 1996 1-Nov-96 1389838
IRS-CM Mediums 1996 1-Nov-96 1392818
IRS-CM Mediums 1996 1-Nov-96 1392818
IRS-CM Mediums 1996 1-Nov-96 1438056
IRS-CM Mediums 1996 1-Nov-96 154744
IRS-CM Mediums 1996 1-Nov-96 SAL000109
IRS-CM Mediums 1996 1-Nov-96 SAL000110
IRS-CM SS/FRAS 1996 1-Nov-96 1389513
IRS-CM SS/FRAS 1996 1-Nov-96 1389513
IRS-CM SS/FRAS 1996 1-Nov-96 1389838
IRS-CM SS/FRAS 1996 1-Nov-96 1389838
IRS-CM SS/FRAS 1996 1-Nov-96 1392818
IRS-CM SS/FRAS 1996 1-Nov-96 1392818
IRS-CM SS/FRAS 1996 1-Nov-96 1392818
IRS-CM SS/FRAS 1996 1-Nov-96 1438056
IRS-CM SS/FRAS 1996 1-Nov-96 SAL000109
IRS-CM SS/FRAS 1996 1-Nov-96 SAL000110
Legal-NY 1996 1-Nov-96 1389513
Legal-NY 1996 1-Nov-96 1389838
Legal-NY 1996 1-Nov-96 1392818
Legal-NY 1996 1-Nov-96 1392818
Legal-NY 1996 1-Nov-96 1438056
LONDON OFF THE RUNS (OTR)(B-6D000) 1996 1-Nov-96 1310187
LONDON OFF THE RUNS (OTR)(B-6D000) 1996 1-Nov-96 1310187
LONDON OFF THE RUNS (OTR)(B-6D000) 1996 1-Nov-96 1310187
LONDON OFF THE RUNS (OTR)(B-6D000) 1996 1-Nov-96 1310187
LONDON OFF THE RUNS (OTR)(B-6D000) 1996 1-Nov-96 1310187
LONDON OFF THE RUNS (OTR)(B-6D000) 1996 1-Nov-96 1310187
LONDON OFF THE RUNS (OTR)(B-6D000) 1996 1-Nov-96 1310187
Marketing-NY 1996 1-Nov-96 1389513
Marketing-NY 1996 1-Nov-96 1389838
Marketing-NY 1996 1-Nov-96 1392818
Marketing-NY 1996 1-Nov-96 1438056
MBSB-ARMS 1996 1-Nov-96 1389838
MBSB-ARMS 1996 1-Nov-96 1392818
MBSB-CMOS 1996 1-Nov-96 1389513
MBSB-CMOS 1996 1-Nov-96 1389838
MBSB-CMOS 1996 1-Nov-96 1392818
MBSB-CMOS 1996 1-Nov-96 1438056
MBSB-GNMA 1996 1-Nov-96 1389513
MBSB-GNMA 1996 1-Nov-96 1389513
MBSB-GNMA 1996 1-Nov-96 1389513
MBSB-GNMA 1996 1-Nov-96 1389513
MBSB-GNMA 1996 1-Nov-96 1389838
MBSB-GNMA 1996 1-Nov-96 1389838
MBSB-GNMA 1996 1-Nov-96 1392818
MBSB-GNMA 1996 1-Nov-96 1392818
MBSB-GNMA 1996 1-Nov-96 1392818
MBSB-GNMA 1996 1-Nov-96 1435234
MBSB-GNMA 1996 1-Nov-96 1438056
MBSB-GNMA 1996 1-Nov-96 154744
MBSB-STRIPS 1996 1-Nov-96 1389513
MBSB-STRIPS 1996 1-Nov-96 1389838
MBSB-STRIPS 1996 1-Nov-96 1392818
MBSB-STRIPS 1996 1-Nov-96 1438056
MBSB-SUPPORT STAFF 1996 1-Nov-96 1389513
MBSB-SUPPORT STAFF 1996 1-Nov-96 1389838
MBSB-SUPPORT STAFF 1996 1-Nov-96 1392818
MBSB-SUPPORT STAFF 1996 1-Nov-96 1392818
MBSB-SUPPORT STAFF 1996 1-Nov-96 1438056
MMI-NY 1996 1-Nov-96 1389513
MMI-NY 1996 1-Nov-96 1389838
MMI-NY 1996 1-Nov-96 1392818
MMI-NY 1996 1-Nov-96 1392818
MMI-NY 1996 1-Nov-96 1438056
MUNIS-BID WANTED-NY 1996 1-Nov-96 1257008
MUNIS-BID WANTED-NY 1996 1-Nov-96 1389513
MUNIS-BID WANTED-NY 1996 1-Nov-96 1389838
MUNIS-BID WANTED-NY 1996 1-Nov-96 1392818
MUNIS-BID WANTED-NY 1996 1-Nov-96 1392818
MUNIS-BID WANTED-NY 1996 1-Nov-96 1438056
MUNIS-DOLLAR REVENUE-NY 1996 1-Nov-96 1257008
MUNIS-DOLLAR REVENUE-NY 1996 1-Nov-96 1389513
MUNIS-DOLLAR REVENUE-NY 1996 1-Nov-96 1389838
MUNIS-DOLLAR REVENUE-NY 1996 1-Nov-96 1392818
MUNIS-DOLLAR REVENUE-NY 1996 1-Nov-96 1438056
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1257008
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1257008
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1289856
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1389513
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1389513
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1389838
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1392818
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1392818
MUNIS-GENERAL OBLIGATIONS-NY 1996 1-Nov-96 1438056
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1257008
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1257008
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1289856
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1389513
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1389513
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1389838
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1389838
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1392818
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1392818
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1392818
MUNIS-NY & PR SERIALS & DOLLARS-NY 1996 1-Nov-96 1438056
MUNIS-SUPPORT-NY 1996 1-Nov-96 1257008
Office Services-NY 1996 1-Nov-96 1389513
Office Services-NY 1996 1-Nov-96 1389513
Office Services-NY 1996 1-Nov-96 1389513
Office Services-NY 1996 1-Nov-96 1389513
Office Services-NY 1996 1-Nov-96 1389838
Office Services-NY 1996 1-Nov-96 1389838
Office Services-NY 1996 1-Nov-96 1392818
Office Services-NY 1996 1-Nov-96 1392818
Office Services-NY 1996 1-Nov-96 1392818
Office Services-NY 1996 1-Nov-96 1435234
Office Services-NY 1996 1-Nov-96 1438056
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1389513
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1389513
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1389513
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1389513
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1389513
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1389838
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1389838
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1392818
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1392818
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1392818
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1435234
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1438056
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 1438056
OPS-EQUITIES(B-BF200) 1996 1-Nov-96 300-312254
OTC Options-NY 1996 1-Nov-96 1389513
OTC Options-NY 1996 1-Nov-96 1389838
OTC Options-NY 1996 1-Nov-96 1392818
OTC Options-NY 1996 1-Nov-96 1392818
OTC Options-NY 1996 1-Nov-96 1438056
Systems-NY 1996 1-Nov-96 001649
Systems-NY 1996 1-Nov-96 0177003-IN
Systems-NY 1996 1-Nov-96 0177003-IN
Systems-NY 1996 1-Nov-96 123J11701
Systems-NY 1996 1-Nov-96 123W57101C
Systems-NY 1996 1-Nov-96 123Y80001
Systems-NY 1996 1-Nov-96 300-303187
Systems-NY 1996 1-Nov-96 300-303227
Systems-NY 1996 1-Nov-96 300-303276
Systems-NY 1996 1-Nov-96 300-303276
Systems-NY 1996 1-Nov-96 300-306748
Systems-NY 1996 1-Nov-96 300-309658
Systems-NY 1996 1-Nov-96 300-309658
Systems-NY 1996 1-Nov-96 300-311347
Systems-NY 1996 1-Nov-96 300-312324
Systems-NY 1996 1-Nov-96 300-313613
Systems-NY 1996 1-Nov-96 300-315045
Systems-NY 1996 1-Nov-96 300-316471
Systems-NY 1996 1-Nov-96 300-318284
Systems-NY 1996 1-Nov-96 60901676
Systems-NY 1996 1-Nov-96 7174
Systems-NY 1996 1-Nov-96 8178
Systems-NY 1996 1-Nov-96 86Z5953
Systems-NY 1996 1-Nov-96 96084970
Systems-NY 1996 1-Nov-96 96084970
Systems-NY 1996 1-Nov-96 96084970
1996 1-Dec-96 1438064
1996 1-Dec-96 154744
Agencies 1996 1-Dec-96 1438064
Corporate Bonds-Utilities/tel/disc 1996 1-Dec-96 256183A
Equity Screen Brokerage 1996 1-Dec-96 1438064
Equity Screen Brokerage 1996 1-Dec-96 154744
Euro's London 1996 1-Dec-96 1438064
FX Forward Mark 1996 1-Dec-96 1438064
FX Forward Mark 1996 1-Dec-96 154744
FX Forward Yen 1996 1-Dec-96 1438064
FX Forward Yen 1996 1-Dec-96 154744
FX Options-NY 1996 1-Dec-96 1438064
FX Options-NY 1996 1-Dec-96 154744
GSB - SHARED COST(B-6C000) 1996 1-Dec-96 1438064
GSB - SHARED COST(B-6C000) 1996 1-Dec-96 154744
GSB - SHARED COST(B-6C000) 1996 1-Dec-96 157308
GSB-Odd Lots 1996 1-Dec-96 1438064
IRS-CM Mediums 1996 1-Dec-96 1438064
IRS-CM Mediums 1996 1-Dec-96 154744
MBSB-GNMA 1996 1-Dec-96 1438064
MBSB-GNMA 1996 1-Dec-96 154744
MUNIS-SUPPORT-NY 1996 1-Dec-96 1438064
OTC Options-NY 1996 1-Dec-96 256182A
Systems-NY 1996 1-Dec-96 155825
Systems-NY 1996 1-Dec-96 155825
Systems-NY 1996 1-Dec-96 155825
Systems-NY 1996 1-Dec-96 21046
Systems-NY 1996 1-Dec-96 21046
Systems-NY 1996 1-Dec-96 300-309730
Systems-NY 1996 1-Dec-96 300-321607
Systems-NY 1996 1-Dec-96 300-321961
Systems-NY 1996 1-Dec-96 300-322980
Systems-NY 1996 1-Dec-96 300-324770
Systems-NY 1996 1-Dec-96 300-325300
Systems-NY 1996 1-Dec-96 300-325300
Systems-NY 1996 1-Dec-96 300-325300
Systems-NY 1996 1-Dec-96 300-325300
Systems-NY 1996 1-Dec-96 300-325728
Systems-NY 1996 1-Dec-96 300-334981
Systems-NY 1996 1-Dec-96 300-334981
Systems-NY 1996 1-Dec-96 300-334981
Systems-NY 1996 1-Dec-96 3125
Systems-NY 1996 1-Dec-96 532805453
Systems-NY 1996 1-Dec-96 532805453
Systems-NY 1996 1-Dec-96 532805454
Systems-NY 1996 1-Dec-96 532805454
Systems-NY 1996 1-Dec-96 532807559
Systems-NY 1996 1-Dec-96 8613
Systems-NY 1996 1-Dec-96 865095901
Systems-NY 1996 1-Dec-96 865095901
Systems-NY 1996 1-Dec-96 M4195582
Accounting-NY 1997 1-Jan-97 1425890
Accounting-NY 1997 1-Jan-97 1425890
Accounting-NY 1997 1-Jan-97 1425890
Accounting-NY 1997 1-Jan-97 A160544
Accounting-NY 1997 1-Jan-97 D0914253
Accounting-NY 1997 1-Jan-97 DI1667409
Agencies 1997 1-Jan-97 1425890
Agencies 1997 1-Jan-97 1425890
Agencies 1997 1-Jan-97 D0914253
Art-NY 1997 1-Jan-97 1425890
Business Administration 1997 1-Jan-97 1425890
COMMUNICATIONS (SUSPENSE)(B-BP100) 1997 1-Jan-97 256606A
Communications-NY 1997 1-Jan-97 1425890
Communications-NY 1997 1-Jan-97 1425890
Communications-NY 1997 1-Jan-97 D0914253
Corporate Bonds-Canadians 1997 1-Jan-97 1425890
Corporate Bonds-Canadians 1997 1-Jan-97 D0914253
Corporate Bonds-Corp Convertible Bonds 1997 1-Jan-97 1425890
Corporate Bonds-Corp Convertible Bonds 1997 1-Jan-97 D0914253
Corporate Bonds-High level Transactions 1997 1-Jan-97 1425890
Corporate Bonds-Industrials 1997 1-Jan-97 1425890
Corporate Bonds-Industrials 1997 1-Jan-97 D0914253
Corporate Bonds-Intermediates 1997 1-Jan-97 1425890
Corporate Bonds-Intermediates 1997 1-Jan-97 1425890
Corporate Bonds-Intermediates 1997 1-Jan-97 D0914253
Corporate Bonds-Junks 1997 1-Jan-97 1425890
Corporate Bonds-Junks 1997 1-Jan-97 1425890
Corporate Bonds-Junks 1997 1-Jan-97 D0914253
Corporate Bonds-Med Term Notes 1997 1-Jan-97 1425890
Corporate Bonds-Med Term Notes 1997 1-Jan-97 D0914253
Corporate Bonds-Support 1997 1-Jan-97 1425890
Corporate Bonds-Support 1997 1-Jan-97 1425890
Corporate Bonds-Support 1997 1-Jan-97 D0914253
Corporate Bonds-Utilities/tel/ret 1997 1-Jan-97 1425890
Corporate Bonds-Utilities/tel/ret 1997 1-Jan-97 D0914253
Corporate-NY 1997 1-Jan-97 1425890
Corporate-NY 1997 1-Jan-97 1425890
Corporate-NY 1997 1-Jan-97 D0914253
Credit 1997 1-Jan-97 1425890
Credit 1997 1-Jan-97 1425890
Credit 1997 1-Jan-97 D0914253
Environmental (EBS)-San Francisco 1997 1-Jan-97 1425890
Environmental (EBS)-San Francisco 1997 1-Jan-97 D0914253
Equity Screen Brokerage 1997 1-Jan-97 1425890
Equity Screen Brokerage 1997 1-Jan-97 1425890
Equity Screen Brokerage 1997 1-Jan-97 D0914253
FX Forward Mark 1997 1-Jan-97 1425890
FX Forward Mark 1997 1-Jan-97 D0914253
FX Forward Yen 1997 1-Jan-97 1425890
FX Forward Yen 1997 1-Jan-97 1425890
FX Forward Yen 1997 1-Jan-97 D0914253
FX Options-NY 1997 1-Jan-97 1425890
FX Options-NY 1997 1-Jan-97 1425890
FX Options-NY 1997 1-Jan-97 A160544
FX Options-NY 1997 1-Jan-97 D0914253
FX Options-NY 1997 1-Jan-97 DI1667409
GSB - SHARED COST(B-6C000) 1997 1-Jan-97 8207
GSB - SHARED COST(B-6C000) 1997 1-Jan-97 8456
GSB-Bills 1997 1-Jan-97 1425890
GSB-Bills 1997 1-Jan-97 1425890
GSB-Bills 1997 1-Jan-97 A160544
GSB-Bills 1997 1-Jan-97 D0914253
GSB-Bills 1997 1-Jan-97 DI1667409
GSB-CF Kross 1997 1-Jan-97 1425890
GSB-CF Kross 1997 1-Jan-97 1425890
GSB-CF Kross 1997 1-Jan-97 1481293
GSB-CF Kross 1997 1-Jan-97 1481293
GSB-CF Kross 1997 1-Jan-97 1481293
GSB-CF Kross 1997 1-Jan-97 1481293
GSB-CF Kross 1997 1-Jan-97 1481293
GSB-CF Kross 1997 1-Jan-97 A160544
GSB-CF Kross 1997 1-Jan-97 D0914253
GSB-CF Kross 1997 1-Jan-97 DI1667409
GSB-Intermediate 1997 1-Jan-97 1425890
GSB-Intermediate 1997 1-Jan-97 1425890
GSB-Intermediate 1997 1-Jan-97 1425890
GSB-Intermediate 1997 1-Jan-97 A160544
GSB-Intermediate 1997 1-Jan-97 A160544/A161397
GSB-Intermediate 1997 1-Jan-97 D0914253
GSB-Intermediate 1997 1-Jan-97 DI1667409
GSB-Long 1997 1-Jan-97 1425890
GSB-Long 1997 1-Jan-97 1425890
GSB-Long 1997 1-Jan-97 1425890
GSB-Long 1997 1-Jan-97 A160544
GSB-Long 1997 1-Jan-97 D0914253
GSB-Long 1997 1-Jan-97 DI1667409
GSB-Odd Lots 1997 1-Jan-97 1425890
GSB-Odd Lots 1997 1-Jan-97 1425890
GSB-Odd Lots 1997 1-Jan-97 D0914253
GSB-Short 1997 1-Jan-97 1425890
GSB-Short 1997 1-Jan-97 1425890
GSB-Short 1997 1-Jan-97 1425890
GSB-Short 1997 1-Jan-97 A160544
GSB-Short 1997 1-Jan-97 D0914253
GSB-Short 1997 1-Jan-97 DI1667409
GSB-Short/Intermediate 1997 1-Jan-97 1425890
GSB-Short/Intermediate 1997 1-Jan-97 1425890
GSB-Short/Intermediate 1997 1-Jan-97 1425890
GSB-Short/Intermediate 1997 1-Jan-97 A160544
GSB-Short/Intermediate 1997 1-Jan-97 D0914253
GSB-Short/Intermediate 1997 1-Jan-97 DI1667409
GSB-Spread Brokerage 1997 1-Jan-97 1425890
GSB-Spread Brokerage 1997 1-Jan-97 D0914253
GSB-Swaps 1997 1-Jan-97 1425890
GSB-Swaps 1997 1-Jan-97 1425890
GSB-Swaps 1997 1-Jan-97 D0914253
GSB-Swaps 1997 1-Jan-97 DI1667409
GSB-Volume Control 1997 1-Jan-97 1425890
GSB-Volume Control 1997 1-Jan-97 1425890
GSB-Volume Control 1997 1-Jan-97 D0914253
GSB-Zeros 1997 1-Jan-97 1425890
GSB-Zeros 1997 1-Jan-97 1425890
GSB-Zeros 1997 1-Jan-97 D0914253
Human Resources-NY 1997 1-Jan-97 1425890
Human Resources-NY 1997 1-Jan-97 D0914253
IRS-CM IR Options 1997 1-Jan-97 1425890
IRS-CM IR Options 1997 1-Jan-97 1425890
IRS-CM IR Options 1997 1-Jan-97 D0914253
IRS-CM Mediums 1997 1-Jan-97 1425890
IRS-CM Mediums 1997 1-Jan-97 1425890
IRS-CM Mediums 1997 1-Jan-97 D0914253
IRS-CM SS/FRAS 1997 1-Jan-97 1425890
IRS-CM SS/FRAS 1997 1-Jan-97 1425890
IRS-CM SS/FRAS 1997 1-Jan-97 D0914253
Legal-NY 1997 1-Jan-97 1425890
Legal-NY 1997 1-Jan-97 1425890
Legal-NY 1997 1-Jan-97 D0914253
Marketing-NY 1997 1-Jan-97 1425890
Marketing-NY 1997 1-Jan-97 D0914253
MBSB-ARMS 1997 1-Jan-97 1425890
MBSB-ARMS 1997 1-Jan-97 D0914253
MBSB-CMOS 1997 1-Jan-97 1425890
MBSB-CMOS 1997 1-Jan-97 D0914253
MBSB-GNMA 1997 1-Jan-97 1425890
MBSB-GNMA 1997 1-Jan-97 1425890
MBSB-GNMA 1997 1-Jan-97 A160544
MBSB-GNMA 1997 1-Jan-97 D0914253
MBSB-GNMA 1997 1-Jan-97 DI1667409
MBSB-REGIONALS 1997 1-Jan-97 1425890
MBSB-STRIPS 1997 1-Jan-97 1425890
MBSB-STRIPS 1997 1-Jan-97 D0914253
MBSB-SUPPORT STAFF 1997 1-Jan-97 1425890
MBSB-SUPPORT STAFF 1997 1-Jan-97 1425890
MBSB-SUPPORT STAFF 1997 1-Jan-97 D0914253
MMI-NY 1997 1-Jan-97 1425890
MMI-NY 1997 1-Jan-97 1425890
MMI-NY 1997 1-Jan-97 D0914253
MUNIS-BID WANTED-NY 1997 1-Jan-97 1425890
MUNIS-BID WANTED-NY 1997 1-Jan-97 1425890
MUNIS-BID WANTED-NY 1997 1-Jan-97 D0914253
MUNIS-DOLLAR REVENUE-NY 1997 1-Jan-97 1425890
MUNIS-DOLLAR REVENUE-NY 1997 1-Jan-97 D0914253
MUNIS-GENERAL OBLIGATIONS-NY 1997 1-Jan-97 1425890
MUNIS-GENERAL OBLIGATIONS-NY 1997 1-Jan-97 1425890
MUNIS-GENERAL OBLIGATIONS-NY 1997 1-Jan-97 D0914253
MUNIS-NY & PR SERIALS & DOLLARS-NY 1997 1-Jan-97 1425890
MUNIS-NY & PR SERIALS & DOLLARS-NY 1997 1-Jan-97 1425890
MUNIS-NY & PR SERIALS & DOLLARS-NY 1997 1-Jan-97 D0914253
MUNIS-SUPPORT-NY 1997 1-Jan-97 1425890
Office Services-NY 1997 1-Jan-97 1425890
Office Services-NY 1997 1-Jan-97 1425890
Office Services-NY 1997 1-Jan-97 A160544
Office Services-NY 1997 1-Jan-97 D0914253
Office Services-NY 1997 1-Jan-97 DI1667409
OPS-EQUITIES(B-BF200) 1997 1-Jan-97 1425890
OPS-EQUITIES(B-BF200) 1997 1-Jan-97 1425890
OPS-EQUITIES(B-BF200) 1997 1-Jan-97 1425890
OPS-EQUITIES(B-BF200) 1997 1-Jan-97 A160544
OPS-EQUITIES(B-BF200) 1997 1-Jan-97 A160544/A161397
OPS-EQUITIES(B-BF200) 1997 1-Jan-97 D0914253
OPS-EQUITIES(B-BF200) 1997 1-Jan-97 DI1667409
OTC Options-NY 1997 1-Jan-97 1425890
OTC Options-NY 1997 1-Jan-97 1425890
OTC Options-NY 1997 1-Jan-97 D0914253
SYSTEMS - TO BE ALLOCATED(B-BA500) 1997 1-Jan-97 300-335420
Systems-NY 1997 1-Jan-97 1470210
Systems-NY 1997 1-Jan-97 1996-101
Systems-NY 1997 1-Jan-97 713288
Systems-NY 1997 1-Jan-97 7399
Systems-NY 1997 1-Jan-97 8403
Tax-NY 1997 1-Jan-97 1425890
1997 1-Feb-97 1218904
1997 1-Feb-97 1361444
1997 1-Feb-97 1364606
Accounting-NY 1997 1-Feb-97 1392818
Accounting-NY 1997 1-Feb-97 1505225
Agencies 1997 1-Feb-97 1218904
Agencies 1997 1-Feb-97 1392818
Agencies 1997 1-Feb-97 1505225
Art-NY 1997 1-Feb-97 1392818
Business Administration 1997 1-Feb-97 1392818
Communications-NY 1997 1-Feb-97 1392818
Communications-NY 1997 1-Feb-97 1505225
Corporate Bonds-Canadians 1997 1-Feb-97 1392818
Corporate Bonds-Canadians 1997 1-Feb-97 1505225
Corporate Bonds-Corp Convertible Bonds 1997 1-Feb-97 1392818
Corporate Bonds-Corp Convertible Bonds 1997 1-Feb-97 1505225
Corporate Bonds-High level Transactions 1997 1-Feb-97 1392818
Corporate Bonds-Industrials 1997 1-Feb-97 1392818
Corporate Bonds-Industrials 1997 1-Feb-97 1505225
Corporate Bonds-Intermediates 1997 1-Feb-97 1392818
Corporate Bonds-Intermediates 1997 1-Feb-97 1505225
Corporate Bonds-Junks 1997 1-Feb-97 1392818
Corporate Bonds-Junks 1997 1-Feb-97 1505225
Corporate Bonds-Med Term Notes 1997 1-Feb-97 1392818
Corporate Bonds-Med Term Notes 1997 1-Feb-97 1505225
Corporate Bonds-New Issues\Regionals 1997 1-Feb-97 1392818
Corporate Bonds-out of town 1997 1-Feb-97 1361444
Corporate Bonds-out of town 1997 1-Feb-97 1364606
Corporate Bonds-Support 1997 1-Feb-97 1392818
Corporate Bonds-Support 1997 1-Feb-97 1505225
Corporate Bonds-Utilities/tel/ret 1997 1-Feb-97 1392818
Corporate Bonds-Utilities/tel/ret 1997 1-Feb-97 1505225
Corporate-NY 1997 1-Feb-97 1392818
Corporate-NY 1997 1-Feb-97 1505225
Credit 1997 1-Feb-97 1392818
Credit 1997 1-Feb-97 1505225
Emerging Markets Brady Bonds 1997 1-Feb-97 1361444
Emerging Markets Brady Bonds 1997 1-Feb-97 1364606
Emerging Markets Brady Bonds 1997 1-Feb-97 1375583
Emerging Markets Brady Bonds 1997 1-Feb-97 1392818
Emerging Markets Brady Bonds 1997 1-Feb-97 1505225
Emerging Markets Brady Bonds 1997 1-Feb-97 1996-099
Emerging Markets Brady Bonds 1997 1-Feb-97 1996-101
Emerging Markets Brady Bonds 1997 1-Feb-97 1996-102
Emerging Markets Brady Bonds 1997 1-Feb-97 21009
Emerging Markets Brady Bonds 1997 1-Feb-97 21009
Emerging Markets Brady Bonds 1997 1-Feb-97 27834
Emerging Markets Brady Bonds 1997 1-Feb-97 A161419
Emerging Markets Euro Bonds 1997 1-Feb-97 1361444
Emerging Markets Euro Bonds 1997 1-Feb-97 1364606
Emerging Markets Euro Bonds 1997 1-Feb-97 1392818
Emerging Markets Euro Bonds 1997 1-Feb-97 1505225
Environmental (EBS) 1997 1-Feb-97 1996-047
Environmental (EBS) 1997 1-Feb-97 1996-099
Environmental (EBS) 1997 1-Feb-97 1996-101
Environmental (EBS) 1997 1-Feb-97 AMS1996-024
Equity Screen Brokerage 1997 1-Feb-97 1361444
Equity Screen Brokerage 1997 1-Feb-97 1364606
Equity Screen Brokerage 1997 1-Feb-97 1392818
Equity Screen Brokerage 1997 1-Feb-97 1505225
Euro's London 1997 1-Feb-97 1218904
FX Forward Mark 1997 1-Feb-97 1218904
FX Forward Mark 1997 1-Feb-97 1375583
FX Forward Mark 1997 1-Feb-97 1392818
FX Forward Mark 1997 1-Feb-97 1505225
FX Forward Mark 1997 1-Feb-97 1996-083
FX Forward Yen 1997 1-Feb-97 1218904
FX Forward Yen 1997 1-Feb-97 1392818
FX Forward Yen 1997 1-Feb-97 1505225
FX Forward Yen 1997 1-Feb-97 1996-099
FX Options-Exotic - NY 1997 1-Feb-97 1392818
FX Options-Exotic - NY 1997 1-Feb-97 1412072
FX Options-Exotic - NY 1997 1-Feb-97 1505225
FX Options-NY 1997 1-Feb-97 1392818
FX Options-NY 1997 1-Feb-97 1505225
FX Options-NY 1997 1-Feb-97 1996-101
GSB - SHARED COST(B-6C000) 1997 1-Feb-97 1218904
GSB - SHARED COST(B-6C000) 1997 1-Feb-97 1361444
GSB - SHARED COST(B-6C000) 1997 1-Feb-97 1364606
GSB - SHARED COST(B-6C000) 1997 1-Feb-97 1375583
GSB - SHARED COST(B-6C000) 1997 1-Feb-97 1996-099
GSB - SHARED COST(B-6C000) 1997 1-Feb-97 1996-101
GSB-Bills 1997 1-Feb-97 1392818
GSB-Bills 1997 1-Feb-97 1505225
GSB-CF Kross 1997 1-Feb-97 1392818
GSB-CF Kross 1997 1-Feb-97 1505225
GSB-Intermediate 1997 1-Feb-97 1392818
GSB-Intermediate 1997 1-Feb-97 1505225
GSB-Long 1997 1-Feb-97 1392818
GSB-Long 1997 1-Feb-97 1505225
GSB-Odd Lots 1997 1-Feb-97 1392818
GSB-Odd Lots 1997 1-Feb-97 1505225
GSB-Proprietary Desk 1997 1-Feb-97 1392818
GSB-Proprietary Desk 1997 1-Feb-97 1505225
GSB-Short 1997 1-Feb-97 1392818
GSB-Short 1997 1-Feb-97 1505225
GSB-Short/Intermediate 1997 1-Feb-97 1392818
GSB-Short/Intermediate 1997 1-Feb-97 1505225
GSB-Spread Brokerage 1997 1-Feb-97 1392818
GSB-Spread Brokerage 1997 1-Feb-97 1505225
GSB-Swaps 1997 1-Feb-97 1392818
GSB-Swaps 1997 1-Feb-97 1505225
GSB-Volume Control 1997 1-Feb-97 1392818
GSB-Volume Control 1997 1-Feb-97 1505225
GSB-Zeros 1997 1-Feb-97 1392818
GSB-Zeros 1997 1-Feb-97 1505225
Human Resources-NY 1997 1-Feb-97 1392818
Human Resources-NY 1997 1-Feb-97 1505225
IES 1997 1-Feb-97 1392818
IES 1997 1-Feb-97 1505225
IRS-CM IR Options 1997 1-Feb-97 1392818
IRS-CM IR Options 1997 1-Feb-97 1505225
IRS-CM Mediums 1997 1-Feb-97 1392818
IRS-CM Mediums 1997 1-Feb-97 1505225
IRS-CM SS/FRAS 1997 1-Feb-97 1392818
IRS-CM SS/FRAS 1997 1-Feb-97 1505225
IRS-LONDON FRA 1997 1-Feb-97 1392818
IRS-LONDON FRA 1997 1-Feb-97 1505225
Legal-NY 1997 1-Feb-97 1392818
Legal-NY 1997 1-Feb-97 1505225
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-Feb-97 1375583
Marketing-NY 1997 1-Feb-97 1392818
MBSB-ARMS 1997 1-Feb-97 1392818
MBSB-CMOS 1997 1-Feb-97 1392818
MBSB-CMOS 1997 1-Feb-97 1505225
MBSB-GNMA 1997 1-Feb-97 1218904
MBSB-GNMA 1997 1-Feb-97 1392818
MBSB-GNMA 1997 1-Feb-97 1505225
MBSB-REGIONALS 1997 1-Feb-97 1392818
MBSB-STRIPS 1997 1-Feb-97 1392818
MBSB-STRIPS 1997 1-Feb-97 1505225
MBSB-SUPPORT STAFF 1997 1-Feb-97 1392818
MBSB-SUPPORT STAFF 1997 1-Feb-97 1505225
MMI-NY 1997 1-Feb-97 1392818
MMI-NY 1997 1-Feb-97 1505225
MUNIS-BID WANTED-NY 1997 1-Feb-97 1392818
MUNIS-BID WANTED-NY 1997 1-Feb-97 1505225
MUNIS-DOLLAR REVENUE-NY 1997 1-Feb-97 1392818
MUNIS-DOLLAR REVENUE-NY 1997 1-Feb-97 1505225
MUNIS-GENERAL OBLIGATIONS-NY 1997 1-Feb-97 1392818
MUNIS-GENERAL OBLIGATIONS-NY 1997 1-Feb-97 1505225
MUNIS-NY & PR SERIALS & DOLLARS-NY 1997 1-Feb-97 1392818
MUNIS-NY & PR SERIALS & DOLLARS-NY 1997 1-Feb-97 1505225
MUNIS-SUPPORT-NY 1997 1-Feb-97 1996-099
Office Services-NY 1997 1-Feb-97 1392818
Office Services-NY 1997 1-Feb-97 1505225
OPS-EQUITIES(B-BF200) 1997 1-Feb-97 1392818
OPS-EQUITIES(B-BF200) 1997 1-Feb-97 1505225
OTC Options-NY 1997 1-Feb-97 1392818
OTC Options-NY 1997 1-Feb-97 1505225
Projects 1997 1-Feb-97 1392818
Systems-NY 1997 1-Feb-97 27834
Systems-NY 1997 1-Feb-97 711969
Tax-NY 1997 1-Feb-97 1392818
Tax-NY 1997 1-Feb-97 1505225
Training Dept. General 1997 1-Feb-97 1392818
Training Dept. General 1997 1-Feb-97 1505225
Accounting-NY 1997 1-Mar-97 D0914253
Accounting-NY 1997 1-Mar-97 I1643172
Accounting-NY 1997 1-Mar-97 I1648250
Accounting-NY 1997 1-Mar-97 I1667409
Agencies 1997 1-Mar-97 D0914253
Communications-NY 1997 1-Mar-97 123B77901
Corporate Bonds-Canadians 1997 1-Mar-97 D0914253
Corporate Bonds-Corp Convertible Bonds 1997 1-Mar-97 D0914253
Corporate Bonds-Industrials 1997 1-Mar-97 D0914253
Corporate Bonds-Intermediates 1997 1-Mar-97 D0914253
Corporate Bonds-Junks 1997 1-Mar-97 D0914253
Corporate Bonds-Med Term Notes 1997 1-Mar-97 D0914253
Corporate Bonds-Support 1997 1-Mar-97 D0914253
Corporate Bonds-Utilities/tel/ret 1997 1-Mar-97 D0914253
Credit 1997 1-Mar-97 D0914253
Emerging Markets Brady Bonds 1997 1-Mar-97 1375583
Emerging Markets Brady Bonds 1997 1-Mar-97 D0914253
Emerging Markets Brady Bonds 1997 1-Mar-97 I1643172
Emerging Markets Brady Bonds 1997 1-Mar-97 I1648250
Emerging Markets Brady Bonds 1997 1-Mar-97 I1667409
Emerging Markets Euro Bonds 1997 1-Mar-97 D0914253
Equity Screen Brokerage 1997 1-Mar-97 D0914253
FX Forward Mark 1997 1-Mar-97 1375583
FX Forward Mark 1997 1-Mar-97 D0914253
FX Forward Yen 1997 1-Mar-97 D0914253
FX Options-Exotic - NY 1997 1-Mar-97 D0914253
FX Options-Exotic - NY 1997 1-Mar-97 I1643172
FX Options-Exotic - NY 1997 1-Mar-97 I1648250
FX Options-Exotic - NY 1997 1-Mar-97 I1667409
FX Options-NY 1997 1-Mar-97 D0914253
GSB - SHARED COST(B-6C000) 1997 1-Mar-97 1375583
GSB-Bills 1997 1-Mar-97 D0914253
GSB-Bills 1997 1-Mar-97 I1667409
GSB-CF Kross 1997 1-Mar-97 D0914253
GSB-CF Kross 1997 1-Mar-97 I1643172
GSB-CF Kross 1997 1-Mar-97 I1648250
GSB-CF Kross 1997 1-Mar-97 I1667409
GSB-Intermediate 1997 1-Mar-97 D0914253
GSB-Intermediate 1997 1-Mar-97 I1643172
GSB-Intermediate 1997 1-Mar-97 I1648250
GSB-Intermediate 1997 1-Mar-97 I1667409
GSB-Long 1997 1-Mar-97 1375583
GSB-Long 1997 1-Mar-97 D0914253
GSB-Long 1997 1-Mar-97 I1643172
GSB-Long 1997 1-Mar-97 I1648250
GSB-Long 1997 1-Mar-97 I1667409
GSB-Odd Lots 1997 1-Mar-97 D0914253
GSB-Proprietary Desk 1997 1-Mar-97 D0914253
GSB-Short 1997 1-Mar-97 D0914253
GSB-Short 1997 1-Mar-97 I1643172
GSB-Short 1997 1-Mar-97 I1648250
GSB-Short 1997 1-Mar-97 I1667409
GSB-Short/Intermediate 1997 1-Mar-97 D0914253
GSB-Short/Intermediate 1997 1-Mar-97 I1643172
GSB-Short/Intermediate 1997 1-Mar-97 I1648250
GSB-Short/Intermediate 1997 1-Mar-97 I1667409
GSB-Spread Brokerage 1997 1-Mar-97 D0914253
GSB-Swaps 1997 1-Mar-97 D0914253
GSB-Volume Control 1997 1-Mar-97 D0914253
GSB-Zeros 1997 1-Mar-97 D0914253
IRS-CM IR Options 1997 1-Mar-97 D0914253
IRS-CM Mediums 1997 1-Mar-97 D0914253
IRS-CM SS/FRAS 1997 1-Mar-97 D0914253
IRS-LONDON FRA 1997 1-Mar-97 D0914253
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-Mar-97 1375583
MBSB-CMOS 1997 1-Mar-97 D0914253
MBSB-GNMA 1997 1-Mar-97 D0914253
MBSB-GNMA 1997 1-Mar-97 I1667409
MBSB-STRIPS 1997 1-Mar-97 D0914253
MBSB-SUPPORT STAFF 1997 1-Mar-97 D0914253
MMI-NY 1997 1-Mar-97 D0914253
MUNIS-BID WANTED-NY 1997 1-Mar-97 D0914253
MUNIS-DOLLAR REVENUE-NY 1997 1-Mar-97 D0914253
MUNIS-GENERAL OBLIGATIONS-NY 1997 1-Mar-97 D0914253
MUNIS-NY & PR SERIALS & DOLLARS-NY 1997 1-Mar-97 D0914253
MUNIS-SUPPORT-NY 1997 1-Mar-97 1375583
OPS-EQUITIES(B-BF200) 1997 1-Mar-97 D0914253
OPS-EQUITIES(B-BF200) 1997 1-Mar-97 I1643172
OPS-EQUITIES(B-BF200) 1997 1-Mar-97 I1648250
OPS-EQUITIES(B-BF200) 1997 1-Mar-97 I1667409
OTC Options-NY 1997 1-Mar-97 D0914253
SYSTEMS - TO BE ALLOCATED(B-BA500) 1997 1-Mar-97 80250
Systems-NY 1997 1-Mar-97 711971
Communications-NY 1997 1-Apr-97 1
Communications-NY 1997 1-Apr-97 2
Communications-NY 1997 1-May-97 D44F1
Emerging Markets Brady Bonds 1997 1-May-97 21009
Emerging Markets Brady Bonds 1997 1-May-97 21009
Emerging Markets Brady Bonds 1997 1-May-97 21369
Emerging Markets Brady Bonds 1997 1-May-97 21369
Environmental (EBS) 1997 1-May-97 1533194
Equity Screen Brokerage 1997 1-May-97 1533194
FX Forward Yen 1997 1-May-97 1538194
GSB - SHARED COST(B-6C000) 1997 1-May-97 158664
GSB - SHARED COST(B-6C000) 1997 1-May-97 21122
GSB - SHARED COST(B-6C000) 1997 1-May-97 300-348949
GSB-Odd Lots 1997 1-May-97 1533194
GSB-Swaps 1997 1-May-97 1533194
GSB-Swaps 1997 1-May-97 21122
Headcount all 1997 1-May-97 1511791
Headcount all 1997 1-May-97 1511791
Headcount all 1997 1-May-97 159045
Headcount all 1997 1-May-97 300332337
Headcount all 1997 1-May-97 300332337
Headcount all 1997 1-May-97 300332337
Headcount all 1997 1-May-97 300334981
Headcount all 1997 1-May-97 300334981
Headcount all 1997 1-May-97 300334981
Headcount all 1997 1-May-97 300334981
Headcount NY 1997 1-May-97 1534146
Human Resources-NY 1997 1-May-97 92968
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-May-97 1533194
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-May-97 1533194
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-May-97 1533194
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-May-97 1533194
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-May-97 1533194
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-May-97 21122
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-May-97 300-348949
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-May-97 300-356055
Project-Emerging Markets 1997 1-May-97 1538194
Systems-NY 1997 1-May-97 112685
Systems-NY 1997 1-May-97 113808
Systems-NY 1997 1-May-97 113809
Systems-NY 1997 1-May-97 1505225
Systems-NY 1997 1-May-97 1511095
Systems-NY 1997 1-May-97 1533194
Systems-NY 1997 1-May-97 1538194
Systems-NY 1997 1-May-97 158664
Systems-NY 1997 1-May-97 158664
Systems-NY 1997 1-May-97 161328
Systems-NY 1997 1-May-97 21042
Systems-NY 1997 1-May-97 21042
Systems-NY 1997 1-May-97 21371
Systems-NY 1997 1-May-97 2198425
Systems-NY 1997 1-May-97 300-323976
Systems-NY 1997 1-May-97 300-335420
Systems-NY 1997 1-May-97 300-335420
Systems-NY 1997 1-May-97 300-335420
Systems-NY 1997 1-May-97 300-336298
Systems-NY 1997 1-May-97 300-336465
Systems-NY 1997 1-May-97 300-336465
Systems-NY 1997 1-May-97 300-339184
Systems-NY 1997 1-May-97 300-340229
Systems-NY 1997 1-May-97 300-341293
Systems-NY 1997 1-May-97 300-341293
Systems-NY 1997 1-May-97 300-342178
Systems-NY 1997 1-May-97 300-342178
Systems-NY 1997 1-May-97 300-342178
Systems-NY 1997 1-May-97 300-342481
Systems-NY 1997 1-May-97 300-342481
Systems-NY 1997 1-May-97 300-342481
Systems-NY 1997 1-May-97 300-342481
Systems-NY 1997 1-May-97 300-342519
Systems-NY 1997 1-May-97 300-344263
Systems-NY 1997 1-May-97 300-344264
Systems-NY 1997 1-May-97 300-348428
Systems-NY 1997 1-May-97 300-348949
Systems-NY 1997 1-May-97 300-356055
Systems-NY 1997 1-May-97 300332337
Systems-NY 1997 1-May-97 300334981
Systems-NY 1997 1-May-97 300334981
Systems-NY 1997 1-May-97 300357389
Systems-NY 1997 1-May-97 368590
Systems-NY 1997 1-May-97 6122001
Systems-NY 1997 1-May-97 713945
Systems-NY 1997 1-May-97 82130
Systems-NY 1997 1-May-97 864739603
Systems-NY 1997 1-May-97 9119
Systems-NY 1997 1-May-97 9120
Systems-NY 1997 1-May-97 9120
Systems-NY 1997 1-May-97 9125
Systems-NY 1997 1-May-97 9174
Systems-NY 1997 1-May-97 9200
Systems-NY 1997 1-May-97 9228
Systems-NY 1997 1-May-97 9285
Systems-NY 1997 1-May-97 9285
Systems-NY 1997 1-May-97 9285
Systems-NY 1997 1-May-97 9306
Systems-NY 1997 1-May-97 9314
Systems-NY 1997 1-May-97 9434
Systems-NY 1997 1-May-97 9435
Systems-NY 1997 1-May-97 9478
Systems-NY 1997 1-May-97 9650
Systems-NY 1997 1-May-97 CEA71
Systems-NY 1997 1-May-97 CECC1
Systems-NY 1997 1-May-97 CF2D1
Systems-NY 1997 1-May-97 Q9H2911
Systems-NY 1997 1-May-97 REQ0911
Systems-NY 1997 1-May-97 RG0111
Emerging Markets Brady Bonds 1997 1-Jul-97 21009
Emerging Markets Brady Bonds 1997 1-Jul-97 21009
Headcount all 1997 1-Jul-97 1511791
Headcount all 1997 1-Jul-97 300332337
Headcount all 1997 1-Jul-97 300332337
Headcount all 1997 1-Jul-97 300332337
Headcount all 1997 1-Jul-97 300334981
Headcount all 1997 1-Jul-97 300334981
Headcount all 1997 1-Jul-97 300334981
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-Jul-97 1533194
SYSTEMS - TO BE ALLOCATED(B-BA500) 1997 1-Jul-97 300-335420
Systems-NY 1997 1-Jul-97 1505225
Systems-NY 1997 1-Jul-97 1533194
Systems-NY 1997 1-Jul-97 300-341293
Systems-NY 1997 1-Jul-97 300-342481
Systems-NY 1997 1-Jul-97 300-342481
Systems-NY 1997 1-Jul-97 300-342481
Systems-NY 1997 1-Jul-97 300-342519
Systems-NY 1997 1-Jul-97 300332337
Systems-NY 1997 1-Jul-97 300334981
Systems-NY 1997 1-Jul-97 300334981
Systems-NY 1997 1-Jul-97 82130
Systems-NY 1997 1-Jul-97 90945
Systems-NY 1997 1-Jul-97 9120
Systems-NY 1997 1-Jul-97 9120
Systems-NY 1997 1-Jul-97 9228
Systems-NY 1997 1-Jul-97 9285
Accounting-NY 1997 1-Aug-97 11928
Accounting-NY 1997 1-Aug-97 11928
Accounting-NY 1997 1-Aug-97 391253
Accounting-NY 1997 1-Aug-97 429382
Accounting-NY 1997 1-Aug-97 429904
Agencies 1997 1-Aug-97 383336
Communications-NY 1997 1-Aug-97 10037
Communications-NY 1997 1-Aug-97 126362
Communications-NY 1997 1-Aug-97 300363636
Communications-NY 1997 1-Aug-97 45072
Communications-NY 1997 1-Aug-97 63756
Communications-NY 1997 1-Aug-97 64072
Communications-NY 1997 1-Aug-97 82460
Communications-NY 1997 1-Aug-97 DE0E1
Corporate Bonds-Canadians 1997 1-Aug-97 1659822
Corporate Bonds-Corp Convertible Bonds 1997 1-Aug-97 21667
Corporate Bonds-High level Transactions 1997 1-Aug-97 1627540
Corporate Bonds-High level Transactions 1997 1-Aug-97 21728
Corporate Bonds-High level Transactions 1997 1-Aug-97 21728
Corporate Bonds-out of town 1997 1-Aug-97 1627540
Corporate-NY 1997 1-Aug-97 389461
Corporate-NY 1997 1-Aug-97 389461
Corporate-NY 1997 1-Aug-97 389461
Emerging Markets Brady Bonds 1997 1-Aug-97 1501941
Emerging Markets Brady Bonds 1997 1-Aug-97 1501941
Emerging Markets Brady Bonds 1997 1-Aug-97 1501941
Emerging Markets Brady Bonds 1997 1-Aug-97 1501941
Emerging Markets Brady Bonds 1997 1-Aug-97 1538194
Emerging Markets Brady Bonds 1997 1-Aug-97 1597067
Emerging Markets Brady Bonds 1997 1-Aug-97 1627540
Emerging Markets Brady Bonds 1997 1-Aug-97 1659822
Emerging Markets Brady Bonds 1997 1-Aug-97 21728
Emerging Markets Brady Bonds 1997 1-Aug-97 21728
FX Forward Yen 1997 1-Aug-97 1597067
GSB - SHARED COST(B-6C000) 1997 1-Aug-97 1538194
GSB - SHARED COST(B-6C000) 1997 1-Aug-97 1597067
GSB - SHARED COST(B-6C000) 1997 1-Aug-97 21464
GSB - SHARED COST(B-6C000) 1997 1-Aug-97 21728
GSB - SHARED COST(B-6C000) 1997 1-Aug-97 21728
GSB-CF Kross 1997 1-Aug-97 00450
GSB-Odd Lots 1997 1-Aug-97 1597067
GSB-Odd Lots 1997 1-Aug-97 1627540
GSB-Swaps 1997 1-Aug-97 1538194
GSB-Swaps 1997 1-Aug-97 1597067
GSB-Swaps 1997 1-Aug-97 1627540
GSB-Swaps 1997 1-Aug-97 1658459
GSB-Swaps 1997 1-Aug-97 1659822
GSB-Swaps 1997 1-Aug-97 21464
Headcount all 1997 1-Aug-97 1025172
Headcount all 1997 1-Aug-97 1506121
Headcount all 1997 1-Aug-97 1506121
Headcount all 1997 1-Aug-97 1522483
Headcount all 1997 1-Aug-97 1530681
Headcount all 1997 1-Aug-97 1530681
Headcount all 1997 1-Aug-97 1530681
Headcount all 1997 1-Aug-97 1530681
Headcount all 1997 1-Aug-97 1568467
Headcount all 1997 1-Aug-97 161177
Headcount all 1997 1-Aug-97 161177
Headcount all 1997 1-Aug-97 161177
Headcount all 1997 1-Aug-97 1627540
Headcount all 1997 1-Aug-97 1641228
Headcount all 1997 1-Aug-97 1641228
Headcount all 1997 1-Aug-97 1641228
Headcount all 1997 1-Aug-97 1641228
Headcount all 1997 1-Aug-97 1641228
Headcount all 1997 1-Aug-97 1666754
Headcount all 1997 1-Aug-97 1667024
Headcount all 1997 1-Aug-97 1700640
Headcount all 1997 1-Aug-97 1700640
Headcount all 1997 1-Aug-97 21498
Headcount all 1997 1-Aug-97 21498
Headcount all 1997 1-Aug-97 21498
Headcount all 1997 1-Aug-97 21498
Headcount all 1997 1-Aug-97 21498
Headcount all 1997 1-Aug-97 21498
Headcount all 1997 1-Aug-97 21517
Headcount all 1997 1-Aug-97 300332337
Headcount all 1997 1-Aug-97 8222
Headcount all 1997 1-Aug-97 A171878
Headcount all 1997 1-Aug-97 A171878
Headcount NY 1997 1-Aug-97 13203
Headcount NY 1997 1-Aug-97 164610
Headcount NY 1997 1-Aug-97 165361
Headcount NY 1997 1-Aug-97 389461
Headcount NY 1997 1-Aug-97 389461
Headcount NY 1997 1-Aug-97 389461
Headcount NY 1997 1-Aug-97 97461
Headcount UX 1997 1-Aug-97 51697
Headcount VX 1997 1-Aug-97 865547901
Headcount VX 1997 1-Aug-97 865547901
IES 1997 1-Aug-97 97087247
IRS-CM SS/FRAS 1997 1-Aug-97 1597067
IRS-CM SS/FRAS 1997 1-Aug-97 SAL000803/B6ZER
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-Aug-97 1533194
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-Aug-97 1568467
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-Aug-97 1597067
MUNIS-BID WANTED-NY 1997 1-Aug-97 1659822
MUNIS-SUPPORT-NY 1997 1-Aug-97 1659822
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 11688
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 11688
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 11688
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 11688
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 11688
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1538194
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1538194
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1538194
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1538194
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1538194
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1538194
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1538194
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1538194
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 158594
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 158594
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 158666
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1597067
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1597067
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 162082
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 162082
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 162082
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1627540
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1658459
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1659822
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660760
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660760
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660760
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660760
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660760
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660760
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660760
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660761
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660761
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1660761
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1662260
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1662260
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1662260
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1662260
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1662260
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1662260
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 17183
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 1997049
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 21158
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 21239
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 21239
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 21464
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 21772
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 21780
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 300340229
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 300363636
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 401260
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 405531
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 713620
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 713729
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 714768
SYSTEMS DATA LINES(B-BA100) 1997 1-Aug-97 9649
Systems-NY 1997 1-Aug-97 121182
Systems-NY 1997 1-Aug-97 1538194
Systems-NY 1997 1-Aug-97 164610
Systems-NY 1997 1-Aug-97 165362
Systems-NY 1997 1-Aug-97 165362
Systems-NY 1997 1-Aug-97 21591
Systems-NY 1997 1-Aug-97 21591
Systems-NY 1997 1-Aug-97 21612
Systems-NY 1997 1-Aug-97 21728
Systems-NY 1997 1-Aug-97 21772
Systems-NY 1997 1-Aug-97 21780
Systems-NY 1997 1-Aug-97 300352137
Systems-NY 1997 1-Aug-97 300363636
Systems-NY 1997 1-Aug-97 391164
Systems-NY 1997 1-Aug-97 392404
Systems-NY 1997 1-Aug-97 395269
Systems-NY 1997 1-Aug-97 396354
Systems-NY 1997 1-Aug-97 398061
Systems-NY 1997 1-Aug-97 39839
Systems-NY 1997 1-Aug-97 405631
Systems-NY 1997 1-Aug-97 42497
Systems-NY 1997 1-Aug-97 426711
Systems-NY 1997 1-Aug-97 45118
Systems-NY 1997 1-Aug-97 63756
Systems-NY 1997 1-Aug-97 68609
Systems-NY 1997 1-Aug-97 71311
Systems-NY 1997 1-Aug-97 71311
Systems-NY 1997 1-Aug-97 713620
Systems-NY 1997 1-Aug-97 714266
Systems-NY 1997 1-Aug-97 73975
Systems-NY 1997 1-Aug-97 8038
Systems-NY 1997 1-Aug-97 8422
Systems-NY 1997 1-Aug-97 9120
Systems-NY 1997 1-Aug-97 93116
Systems-NY 1997 1-Aug-97 9342
Systems-NY 1997 1-Aug-97 9531
Systems-NY 1997 1-Aug-97 9618
Systems-NY 1997 1-Aug-97 E0681
Systems-NY 1997 1-Aug-97 Q9H2911
Systems-NY 1997 1-Aug-97 RB59511
SYSTEMS DATA LINES(B-BA100) 1997 1-Sep-97 49929
Systems-NY 1997 1-Sep-97 1997124
Systems-NY 1997 1-Sep-97 21122
Systems-NY 1997 1-Sep-97 28393
Systems-NY 1997 1-Sep-97 45118
Systems-NY 1997 1-Sep-97 69829
Systems-NY 1997 1-Sep-97 74326
Systems-NY 1997 1-Sep-97 82130
Systems-NY 1997 1-Sep-97 9531
Systems-NY 1997 1-Sep-97 EE911
Systems-NY 1997 1-Sep-97 EE912
Headcount NY 1997 1-Oct-97 300335420
SYSTEMS DATA LINES(B-BA100) 1997 1-Oct-97 Q9H2911
Systems-NY 1997 1-Oct-97 23359
Systems-NY 1997 1-Oct-97 300347255
Systems-NY 1997 1-Oct-97 45118
Systems-NY 1997 1-Oct-97 82130
Systems-NY 1997 1-Oct-97 93116
Systems-NY 1997 1-Oct-97 9531
Headcount all 1997 1-Nov-97 1772850
Headcount all 1997 1-Nov-97 1772850
Headcount NY 1997 1-Nov-97 300332337
Systems-NY 1997 1-Nov-97 122615
Systems-NY 1997 1-Nov-97 166864
Systems-NY 1997 1-Nov-97 170202
Systems-NY 1997 1-Nov-97 170202
Systems-NY 1997 1-Nov-97 170202
Systems-NY 1997 1-Nov-97 170202
Systems-NY 1997 1-Nov-97 170202
Systems-NY 1997 1-Nov-97 1787536
Systems-NY 1997 1-Nov-97 22556
Systems-NY 1997 1-Nov-97 4639
Systems-NY 1997 1-Nov-97 61802841
Systems-NY 1997 1-Nov-97 76369
Systems-NY 1997 1-Nov-97 81941
Systems-NY 1997 1-Nov-97 8787
Systems-NY 1997 1-Nov-97 8849
Systems-NY 1997 1-Nov-97 96876
Systems-NY 1997 1-Nov-97 97515
LONDON OFF THE RUNS (OTR)(B-6D000) 1997 1-Dec-97 21122
Office Services-NY 1997 1-Dec-97 300332337
SYSTEMS - TO BE ALLOCATED(B-BA500) 1997 1-Dec-97 1997124
SYSTEMS DATA LINES(B-BA100) 1997 1-Dec-97 49929
SYSTEMS DATA LINES(B-BA100) 1997 1-Dec-97 Q9H2911
Systems-Mercury Teledata-NY 1997 1-Dec-97 ED201
Systems-NY 1997 1-Dec-97
Systems-NY 1997 1-Dec-97 173481
Systems-NY 1997 1-Dec-97 1997124
Systems-NY 1997 1-Dec-97 22525
Systems-NY 1997 1-Dec-97 28393
Systems-NY 1997 1-Dec-97 69829
Systems-NY 1997 1-Dec-97 74326
Systems-NY 1997 1-Dec-97 9531
Systems-NY 1997 1-Dec-97 EE911
Systems-NY 1997 1-Dec-97 EE912
CANTOR DIGITAL SPEED(B-AV007) 1998 1-Jan-98 E302719
ITD-Sales General 1998 1-Jan-98 007392
SYSTEMS DATA LINES(B-BA100) 1998 1-Jan-98 100450
Systems-NY 1998 1-Jan-98 0006632
Systems-NY 1998 1-Jan-98 007392
Systems-NY 1998 1-Jan-98 007392
Systems-NY 1998 1-Jan-98 007392
Systems-NY 1998 1-Jan-98 007392
Systems-NY 1998 1-Jan-98 0185253
Systems-NY 1998 1-Jan-98 125784
Systems-NY 1998 1-Jan-98 226933
Systems-NY 1998 1-Jan-98 8935
Systems-NY 1998 1-Jan-98 A3277365
Systems-NY 1998 1-Jan-98 NYNY3246
ITD-Chicago 1998 1-Feb-98 10702
MMI-NY 1998 1-Feb-98 38005
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Feb-98
Systems-NY 1998 1-Feb-98
Systems-NY 1998 1-Feb-98 00557
Systems-NY 1998 1-Feb-98 1895079
Systems-NY 1998 1-Mar-98 22478
Tax-NY 1998 1-Mar-98 031198
Systems-NY 1998 1-Apr-98 01489
Systems-NY 1998 1-Apr-98 178754
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-May-98 98116
Systems-NY 1998 1-Jun-98 DT404848
Canadians Coupons-Toronto 1998 1-Jul-98
GSB - SHARED COST(B-6C000) 1998 1-Jul-98
GSB - SHARED COST(B-6C000) 1998 1-Jul-98
GSB-Odd Lots 1998 1-Jul-98
GSB-Swaps 1998 1-Jul-98
GSB-Swaps 1998 1-Jul-98
GSB-Swaps 1998 1-Jul-98
MBSB-GNMA 1998 1-Jul-98
MBSB-GNMA 1998 1-Jul-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
Systems-NY 1998 1-Jul-98
1998 1-Aug-98
Canadians Coupons-Toronto 1998 1-Aug-98
CONNECTICUT SALES GENERAL 1998 1-Aug-98
Emerging Markets Brady Bonds 1998 1-Aug-98
GSB - SHARED COST(B-6C000) 1998 1-Aug-98
GSB - SHARED COST(B-6C000) 1998 1-Aug-98
GSB - SHARED COST(B-6C000) 1998 1-Aug-98
GSB - SHARED COST(B-6C000) 1998 1-Aug-98
GSB - SHARED COST(B-6C000) 1998 1-Aug-98
GSB-CF Kross 1998 1-Aug-98
GSB-CF Kross 1998 1-Aug-98 131714
GSB-CURVE(B-63CUR) 1998 1-Aug-98
GSB-Odd Lots 1998 1-Aug-98
GSB-Swaps 1998 1-Aug-98
GSB-Swaps 1998 1-Aug-98
Headcount all 1998 1-Aug-98
IRS-CM Mediums 1998 1-Aug-98
IRS-CM SS/FRAS 1998 1-Aug-98
LDC Options 1998 1-Aug-98
Munis NY PR 1998 1-Aug-98 185197
MUNIS-BID WANTED-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
Systems-NY 1998 1-Aug-98
1998 1-Sep-98
1998 1-Sep-98
Central Development 1998 1-Sep-98
CONNECTICUT SALES GENERAL 1998 1-Sep-98
CONNECTICUT SALES GENERAL 1998 1-Sep-98
EM SUPPORT(B-EM350) 1998 1-Sep-98
Emerging Markets Brady Bonds 1998 1-Sep-98
Equities Development 1998 1-Sep-98 45158
FX Options-Exotic - NY 1998 1-Sep-98
GSB - SHARED COST(B-6C000) 1998 1-Sep-98
GSB - SHARED COST(B-6C000) 1998 1-Sep-98
GSB - SHARED COST(B-6C000) 1998 1-Sep-98
GSB - SHARED COST(B-6C000) 1998 1-Sep-98
GSB - SHARED COST(B-6C000) 1998 1-Sep-98
GSB-CF Kross 1998 1-Sep-98
GSB-CF Kross 1998 1-Sep-98
GSB-CF Kross 1998 1-Sep-98
GSB-CF Kross 1998 1-Sep-98
GSB-CF Kross 1998 1-Sep-98
GSB-CF Kross 1998 1-Sep-98 3151212
GSB-Swaps 1998 1-Sep-98
GSB-Swaps 1998 1-Sep-98
GSB-Swaps 1998 1-Sep-98
Infrastructure 1998 1-Sep-98 163056
Infrastructure 1998 1-Sep-98
Infrastructure 1998 1-Sep-98
Infrastructure 1998 1-Sep-98
Infrastructure 1998 1-Sep-98 10169
Infrastructure 1998 1-Sep-98 3035489
Infrastructure 1998 1-Sep-98 3039720
Infrastructure 1998 1-Sep-98 IL257223
Project-Emerging Markets 1998 1-Sep-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Sep-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Sep-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Sep-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Sep-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Systems-NY 1998 1-Sep-98
Tokyo-Back Office 1998 1-Sep-98
Tokyo-Back Office 1998 1-Sep-98
1998 1-Oct-98
1998 1-Oct-98
1998 1-Oct-98
1998 1-Oct-98
103 PROJECT(B-AZ600) 1998 1-Oct-98
Architecture 1998 1-Oct-98
CDS 1998 1-Oct-98
CDS 1998 1-Oct-98
CDS 1998 1-Oct-98 3216010
CDS 1998 1-Oct-98 3237293
Central Development 1998 1-Oct-98
Central Development 1998 1-Oct-98
Central Development 1998 1-Oct-98
Central Development 1998 1-Oct-98
Central Development 1998 1-Oct-98
Central Development 1998 1-Oct-98
Central Development 1998 1-Oct-98
Central Development 1998 1-Oct-98 44315A-IN
Communications-NY 1998 1-Oct-98
EM South african Gilts 1998 1-Oct-98
Emerging Markets Brady Bonds 1998 1-Oct-98
FCM DESK 1998 1-Oct-98 352143
Fixed Income Development 1998 1-Oct-98
Fixed Income Development 1998 1-Oct-98
Fixed Income Development 1998 1-Oct-98
Fixed Income Development 1998 1-Oct-98
Fixed Income Development 1998 1-Oct-98
Fixed Income Development 1998 1-Oct-98
Fixed Income Development 1998 1-Oct-98
Fixed Income Development 1998 1-Oct-98
Futures-CME Chicago 1998 1-Oct-98
Futures-CME Chicago 1998 1-Oct-98
Futures-CME Chicago 1998 1-Oct-98
Futures-CME Chicago 1998 1-Oct-98
FX Options-NY 1998 1-Oct-98
GSB - SHARED COST(B-6C000) 1998 1-Oct-98
GSB - SHARED COST(B-6C000) 1998 1-Oct-98
GSB - SHARED COST(B-6C000) 1998 1-Oct-98
GSB Chicago 1998 1-Oct-98
GSB Chicago 1998 1-Oct-98
GSB-CF Kross 1998 1-Oct-98
GSB-CURVE(B-63CUR) 1998 1-Oct-98
GSB-Intermediate 1998 1-Oct-98
GSB-Odd Lots 1998 1-Oct-98
GSB-Proprietary Desk 1998 1-Oct-98
GSB-Swaps 1998 1-Oct-98
GSB-Swaps 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98
Infrastructure 1998 1-Oct-98 163057
Infrastructure 1998 1-Oct-98 163392
Infrastructure 1998 1-Oct-98 60771
Infrastructure 1998 1-Oct-98 73165
Infrastructure 1998 1-Oct-98 82326
IRS-CM SS/FRAS 1998 1-Oct-98
ITD Sales-LA 1998 1-Oct-98
MUNIS-BID WANTED-NY 1998 1-Oct-98
Power 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98 182154211
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98 187460647
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98 187460936
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98 1998-092
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Oct-98 3229438
Systems Administration 1998 1-Oct-98
Systems Administration 1998 1-Oct-98
Systems Administration 1998 1-Oct-98
Systems-Mercury Teledata-NY 1998 1-Oct-98
Systems-Mercury Teledata-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
Systems-NY 1998 1-Oct-98
1998 1-Nov-98
1998 1-Nov-98
1998 1-Nov-98
Architecture 1998 1-Nov-98 133664
CDS 1998 1-Nov-98
Central Development 1998 1-Nov-98
Central Development 1998 1-Nov-98
Communications-NY 1998 1-Nov-98
EM ADR 1998 1-Nov-98
Fixed Income Development 1998 1-Nov-98
Futures-CME Chicago 1998 1-Nov-98
Futures-CME Chicago 1998 1-Nov-98
Futures-CME Chicago 1998 1-Nov-98
FX Forward Yen 1998 1-Nov-98
FX Options-NY 1998 1-Nov-98
GSB - SHARED COST(B-6C000) 1998 1-Nov-98
GSB - SHARED COST(B-6C000) 1998 1-Nov-98
GSB - SHARED COST(B-6C000) 1998 1-Nov-98
GSB - SHARED COST(B-6C000) 1998 1-Nov-98
GSB Chicago 1998 1-Nov-98
GSB Chicago 1998 1-Nov-98
GSB Chicago 1998 1-Nov-98
GSB Chicago 1998 1-Nov-98 3231750
GSB-Bills 1998 1-Nov-98
GSB-CF Kross 1998 1-Nov-98
GSB-Proprietary Desk 1998 1-Nov-98
GSB-Proprietary Desk 1998 1-Nov-98
GSB-Proprietary Desk 1998 1-Nov-98
GSB-Swaps 1998 1-Nov-98
GSB-Swaps 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98
Infrastructure 1998 1-Nov-98 11030
Infrastructure 1998 1-Nov-98 18861
Infrastructure 1998 1-Nov-98 20162
Infrastructure 1998 1-Nov-98 32897
Infrastructure 1998 1-Nov-98 77594
Infrastructure 1998 1-Nov-98 IL275750
IRS-CM SS/FRAS 1998 1-Nov-98
ITD Sanfran 1998 1-Nov-98
ITD-Chicago 1998 1-Nov-98
LONDON OFF THE RUNS (OTR)(B-6D000) 1998 1-Nov-98
LONDON OFF THE RUNS (OTR)(B-6D000) 1998 1-Nov-98
MMI-NY 1998 1-Nov-98
Project-Emerging Markets 1998 1-Nov-98
Sec Lending-NY 1998 1-Nov-98
Sec Lending-NY 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Nov-98 98401
Systems Data Processing-LA 1998 1-Nov-98
Systems-NY 1998 1-Nov-98
Systems-NY 1998 1-Nov-98
Systems-NY 1998 1-Nov-98
Systems-NY 1998 1-Nov-98
Systems-NY 1998 1-Nov-98
Systems-NY 1998 1-Nov-98
Systems-NY 1998 1-Nov-98
Systems-NY 1998 1-Nov-98
Tokyo-Back Office 1998 1-Nov-98
1998 1-Dec-98
1998 1-Dec-98
1998 1-Dec-98
1998 1-Dec-98
1998 1-Dec-98
1998 1-Dec-98
103 PROJECT(B-AZ600) 1998 1-Dec-98
103 PROJECT(B-AZ600) 1998 1-Dec-98
Accounting-NY 1998 1-Dec-98
Accounting-NY 1998 1-Dec-98
Agencies 1998 1-Dec-98
CDS 1998 1-Dec-98
CDS 1998 1-Dec-98
CDS 1998 1-Dec-98
CDS 1998 1-Dec-98 22117
Central Development 1998 1-Dec-98
Central Development 1998 1-Dec-98
Central Development 1998 1-Dec-98
Central Development 1998 1-Dec-98
Central Development 1998 1-Dec-98
Central Development 1998 1-Dec-98
Communications-NY 1998 1-Dec-98
CONNECTICUT SALES GENERAL 1998 1-Dec-98
Corporate Bonds-Support 1998 1-Dec-98
Corporate Bonds-Support 1998 1-Dec-98
Corporate-NY 1998 1-Dec-98
EM ADR 1998 1-Dec-98
EM SUPPORT(B-EM350) 1998 1-Dec-98
Emerging Markets Brady Bonds 1998 1-Dec-98
Emerging Markets Brady Bonds 1998 1-Dec-98
Emerging Markets-Mexican Desk 1998 1-Dec-98
Fixed Income Development 1998 1-Dec-98
Fixed Income Development 1998 1-Dec-98
FX Options-NY 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB - SHARED COST(B-6C000) 1998 1-Dec-98
GSB Chicago 1998 1-Dec-98
GSB-CF Kross 1998 1-Dec-98
GSB-CF Kross 1998 1-Dec-98
GSB-Proprietary Desk 1998 1-Dec-98
GSB-Swaps 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98
Infrastructure 1998 1-Dec-98 198798290
Infrastructure 1998 1-Dec-98 20245
ITD Portfolio Trading-NY 1998 1-Dec-98
ITD Sales-LA 1998 1-Dec-98
ITD Sanfran 1998 1-Dec-98
ITD-Boston 1998 1-Dec-98
ITD-Chicago 1998 1-Dec-98
ITD-Sales General 1998 1-Dec-98
LDC Options 1998 1-Dec-98
MBSB-GNMA 1998 1-Dec-98
MUNIS-BID WANTED-NY 1998 1-Dec-98
MUNIS-SUPPORT-NY 1998 1-Dec-98
Power 1998 1-Dec-98
Power 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98 013680
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98 194193751
SYSTEMS - TO BE ALLOCATED(B-BA500) 1998 1-Dec-98 194194262
Systems-Mercury Teledata-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Systems-NY 1998 1-Dec-98
Tokyo-Back Office 1998 1-Dec-98
Tokyo-Back Office 1998 1-Dec-98
Accounting-NY 1999 1-Jan-99 000060
Architecture 1999 1-Jan-99 2077
Architecture 1999 1-Jan-99 43388
Architecture 1999 1-Jan-99 8064728
Architecture 1999 1-Jan-99 INV0027515
Central Development 1999 1-Jan-99 CH01059912
Infrastructure 1999 1-Jan-99 135284
Infrastructure 1999 1-Jan-99 3345258
Infrastructure 1999 1-Jan-99 3345519
Infrastructure 1999 1-Jan-99 3345519
Infrastructure 1999 1-Jan-99 3351264
Infrastructure 1999 1-Jan-99 3351264
Infrastructure 1999 1-Jan-99 3351264
Infrastructure 1999 1-Jan-99 3351264
Infrastructure 1999 1-Jan-99 50278
Infrastructure 1999 1-Jan-99 73019119
Infrastructure 1999 1-Jan-99 MNT-013532
SYSTEMS - TO BE ALLOCATED(B-BA500) 1999 1-Jan-99 98488
Accounting-NY 1999 1-Feb-99 65798
Fixed Income Development 1999 1-Feb-99 65783
GSB Chicago 1999 1-Feb-99 3356671
Infrastructure 1999 1-Feb-99 00016262
Infrastructure 1999 1-Feb-99 3344630
Infrastructure 1999 1-Feb-99 3353433
Infrastructure 1999 1-Feb-99 3356671
Infrastructure 1999 1-Feb-99 3361115
Infrastructure 1999 1-Feb-99 3375461
Infrastructure 1999 1-Feb-99 3378258
Infrastructure 1999 1-Feb-99 3385043
Infrastructure 1999 1-Feb-99 339706
Infrastructure 1999 1-Feb-99 81278
Infrastructure 1999 1-Feb-99 866718501
SYSTEMS - TO BE ALLOCATED(B-BA500) 1999 1-Feb-99 014006
SYSTEMS - TO BE ALLOCATED(B-BA500) 1999 1-Feb-99 135825
SYSTEMS - TO BE ALLOCATED(B-BA500) 1999 1-Feb-99 3369940
SYSTEMS - TO BE ALLOCATED(B-BA500) 1999 1-Feb-99 8136
SYSTEMS - TO BE ALLOCATED(B-BA500) 1999 1-Feb-99 98563
<CAPTION>
DEPTNAME ASSET DESCRIPTION
<S> <C>
Communications-LA LAN Hardware
Systems Data Processing-LA LAN Hardware
Systems Data Processing-LA Server Equipment
Communications-LA Server Equipment
Systems Data Processing-LA Server Equipment
Systems Data Processing-LA Server Equipment
Systems Data Processing-LA Server Equipment
Communications-LA Server Equipment
Systems Data Processing-LA Server Equipment
Systems Data Processing-LA PC Equipment
Systems Data Processing-LA Server Equipment
Systems Data Processing-LA Server Equipment
Systems Data Processing-LA Server Equipment
Systems Data Processing-LA LAN Hardware
Systems Data Processing-LA PC Equipment
Systems Data Processing-LA PC Equipment
ITD - Data Processing Router
Systems Data Processing-LA PC Equipment
Systems Data Processing-LA Server Equipment
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
Emerging Markets Euro Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
ITD Clearing-LA COMPAQ 2.1-GB FAST DRIVE
ITD-Dallas COMPAQ SMART 2/E ARRAY
ITD-Sales General PROSIGNA 500 32MB
LDC Options MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
Systems Data Processing-LA SUN TGX FRAME BUFFER BOARD
Emerging Markets Brady Bonds CISCO 2507 ETHER (16 PARENT HUB PORTS) DUAL SER
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Euro Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
LDC Options MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Brady Bonds CISCO 2507 ETHER (16 PARENT HUB PORTS) DUAL SER
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
ITD-Sales General SEAGATE 2GB ULTRA WIDE SCSI INT HD
LDC Options MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
LDC Options IBM 4 MEG SIMM 72 PIN
OTC-CONVERTIBLE -2B INV(B-21B00) COMPAQ 2 1 HARDDRIVE
Systems Data Processing-LA KINGSTON 32MB UPGRADE
Emerging Markets Brady Bonds CISCO 2507,SW,2 CABLES
Emerging Markets Brady Bonds 6-PORT ETHERNET INTERFACE PROCESSOR
Emerging Markets Brady Bonds CISCO 7513 13-SLOT ROUTER
Emerging Markets Brady Bonds CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Emerging Markets Brady Bonds CATALYST 5000 ETHERNET SWITCHING MOD
Emerging Markets Brady Bonds CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Emerging Markets Brady Bonds CATALYST 5000 100BASEFX (FIBER,SC)
Emerging Markets Brady Bonds CATALYST 5000 ETHERNET SWITCHING MOD
Emerging Markets Brady Bonds CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Emerging Markets Euro Bonds 6-PORT ETHERNET INTERFACE PROCESSOR
Emerging Markets Euro Bonds CATALYST 5000 ETHERNET SWITCHING MOD
Emerging Markets Euro Bonds CATALYST 5000 100BASEFX (FIBER,SC)
Emerging Markets Euro Bonds CATALYST 5000 ETHERNET SWITCHING MOD
Emerging Markets Euro Bonds CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
ITD Clearing-LA CISCO 2500 SERIES IOS IP FEATURE - 27
ITD Clearing-LA CISCO 2516 ENET/14 HUB/DUAL ROUTER-27
ITD-Sales General SUN 2.1GB HARD DRIVE KIT
ITD-Sales General COMPAQ PROLIANT 5000 6/166-2S SERVER
ITD-Sales General COMPAQ SMAR SCSI-2 ARRAY CONTROLLER/P
ITD-Sales General COMPAQ 2.1GB SCSI-2 HARD DRIVE
LDC Options 6-PORT ETHERNET INTERFACE PROCESSOR
LDC Options CATALYST 5000 ETHERNET SWITCHING MOD
LDC Options CATALYST 5000 100BASEFX (FIBER,SC)
LDC Options CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
LDC Options SUN SPARC 5/110,32MB,2GB HD, NO MON.
Sec Lending-NY 6-PORT ETHERNET INTERFACE PROCESSOR
Sec Lending-NY CATALYST 5000 ETHERNET SWITCHING MOD
Sec Lending-NY CATALYST 5000 100BASEFX (FIBER,SC)
Sec Lending-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Emerging Markets Brady Bonds CISCO 2516 ROUTER,SFTWR,2 CABLES
Emerging Markets Brady Bonds CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
Emerging Markets Brady Bonds SUN SPARC 5/110,32MB,2GB HD, NO MON.
Emerging Markets Brady Bonds SUN SPARC 5/110,32MB,1GB,20" MON
Emerging Markets Euro Bonds SUN SPARC 5/110,32MB,1GB,20" MON
ISG Sales-NY COMPAQ 4.3GB FAST SCSI-2 HD
ITD-Sales General 32MB CHIPS FOR SUN SPARC 5
ITD-Sales General COMPAQ HD 4.3GB FAST-WIDE SCSI - 11/96
ITD-Sales General COMPAQ SMAR SCSI-2 ARRAY CONTROLLER/P
LDC Options CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
LDC Options SUN SPARC 5/110,32MB,2GB HD, NO MON.
Communications-LA 16MB MEM
Emerging Markets Brady Bonds CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Emerging Markets Brady Bonds CATALYST 5000 ETHERNET SWITCHING MOD
Emerging Markets Brady Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Emerging Markets Brady Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Emerging Markets Euro Bonds CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Emerging Markets Euro Bonds CATALYST 5000 ETHERNET SWITCHING MOD
Emerging Markets Euro Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Euro Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
ITD Portfolio Trading-NY 8 LEAD OCTAL CABLE - 8 MALE MALE DB25
ITD Portfolio Trading-NY CISCO 2511 IOS IP FEATURE SET
ITD Portfolio Trading-NY CISCO ACCESS SERVER 2511 ETHERNET/DUAL
ITD Portfolio Trading-NY SEAGATE SCSI DRIVE
ITD Portfolio Trading-NY HP DDS-2 8GB TAPEDRIVE
LDC Options CATALYST 5000 ETHERNET SWITCHING MOD
LDC Options QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Sec Lending-NY CATALYST 5000 ETHERNET SWITCHING MOD
Sec Lending-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Systems Data Processing-LA 16MB MEM
Accounting LA CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Communications-LA IGX EQUIPMENT CISCO 1505225
Corporate LA Management IGX EQUIPMENT CISCO 1505225
Futures-Allocated IGX EQUIPMENT CISCO 1505225
Futures-CBOT Chicago IGX EQUIPMENT CISCO 1505225
Futures-CME Chicago IGX EQUIPMENT CISCO 1505225
Futures-NY Sales IGX EQUIPMENT CISCO 1505225
ISG Sales-NY IGX EQUIPMENT CISCO 1505225
ITD CF Parallax IGX EQUIPMENT CISCO 1505225
ITD Clearing-LA CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
ITD Clearing-LA IGX EQUIPMENT CISCO 1505225
ITD Listed Sales-LA IGX EQUIPMENT CISCO 1505225
ITD OTC-NY IGX EQUIPMENT CISCO 1505225
ITD Portfolio Trading-NY IGX EQUIPMENT CISCO 1505225
ITD Sales-LA IGX EQUIPMENT CISCO 1505225
ITD-Boston IGX EQUIPMENT CISCO 1505225
ITD-Chicago IGX EQUIPMENT CISCO 1505225
ITD-Dallas IGX EQUIPMENT CISCO 1505225
ITD-International-NY IGX EQUIPMENT CISCO 1505225
ITD-Sales General IGX EQUIPMENT CISCO 1505225
ITD-Sales General PROSIGNIA 500 32MB, 32MB
LDC Options CHANNELIZED T1/ISDN PRI NP MODULE ,4500-M
LDC Options CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
NY OPERATONS IN L.A.(B-25I50) CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
NY OPERATONS IN L.A.(B-25I50) IGX EQUIPMENT CISCO 1505225
Office Services-LA IGX EQUIPMENT CISCO 1505225
Sec Lending-NY CISCO 2516 ETHERNET/14 HUB/DUAL SER MULTI ROUTER
Sec Lending-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Sec Lending-NY IGX EQUIPMENT CISCO 1505225
Futures-Allocated QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Futures-CBOT Chicago QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Futures-CME Chicago QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Futures-NY Sales QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
ISG Sales-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
ISG Sales-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
ISG Sales-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
ISG Sales-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Sec Lending-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Systems Data Processing-LA SPARC STATION
Systems Data Processing-LA SPARC STATION
Futures-CBOT Chicago COMPAQ 4.3GB FAST-SCSI2 HD
Futures-CBOT Chicago COMPAQ SMART II SCSI ARRAY CONTROLLER FOR RAID5
ITD OTC-NY ULTRA SPARC 2 MODEL 170 64MB, 2GB HD SERVER
ITD Portfolio Trading-NY CISCO 2516 ETHERNET (14 HUB PORTS)
ITD Sanfran CISCO 2500 SERIES IOS FEATURE SET
ITD Sanfran OPTIONAL 4MB DRAM MEMORY
ITD-Sales General SUN 2 GB EXT HD FOR SPARC 5
ITD-Sales General COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
ITD-Sales General COMPAQ SMART SCSI-2 ARRAY CONTROLLER
ITD-Sales General COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
ITD-Sales General COMPAQ SMART SCSI-2 ARRAY CONTROLLER
Sec Lending-NY COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
Sec Lending-NY COMPAQ PROSIGNIA MODEL 500, 2.1GB HD, 32MB, PENTIUM
Sec Lending-NY COMPAQ SMART2 - CONTROLLER FOR RAID5
Sec Lending-NY SPRINT 2 TDM 8-PORT/V.35
Systems Data Processing-LA SPARC STATION
ITD-Sales General COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
ITD-Sales General COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
ITD-Sales General COMPAQ SMART SCSI-2 ARRAY CONTROLLER
Futures-CBOT Chicago CISCO 2516 ETHERNET (14 HUB PORTS)
ITD OTC-NY FRAME BUFFER FOR SUN ULTRA
ITD Portfolio Trading-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
ITD-Sales General CISCO 2514 DUAL ETHERNET/DUAL SERIAL ROUTER
ITD-Sales General CISCO 2500 SERIES IOS IP ONLY FEATURE SET
ITD-Sales General CISCO ACCESS SERVER 2511 ETHERNET/DUAL SERIAL/16
ITD-Sales General 2.1GB EXTERNAL HD
ITD-Sales General FRAME BUFFER FOR SUN ULTRA
ITD-Sales General SUN 128MB ECC SIMMS FOR SPARC 1000
ITD-Sales General SUN 64MB SIMM EXPANSION (2X32)
ITD-Sales General ULTRA ENTERPRISE 2200, (2) 200MHZ CPU,
ITD-Sales General 16MB UPGRADE, REPLACES 4B SHARED MEMORY (TOTAL 16MB)
ITD-Sales General 16MB UPGRADE, REPLACES 8MB MAIN MEMORY (TOTAL 16MB)
ITD-Sales General 6 ETHERNET PORTS 10BASE-T NP MODULE
ITD-Sales General CHANNELIZED T1/ISDN PRI NP MODULE
ITD-Sales General CISCO 2500 SERIES IOS IP ONLY FEATURE SET
ITD-Sales General CISCO 4500-M MODULAR ROUTER-AC
ITD-Sales General CISCO 4500/4700 IOS IP FEATURE SET
ITD-Sales General SUN 4.2 GB EXTERNAL HARD DRIVE
ITD-Sales General CISCO 2500 SERIES IOS IP ONLY FEATURE SET
ITD-Sales General CISCO 2514 DUAL ETHERNET/DUAL SERIAL ROUTER
ITD-Sales General OPTIONAL 8MB DRAM MEMORY
ITD-Sales General COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
ITD-Sales General KINGSTON 8 MEG MEMORY MODULE KTC-PENT/8
ITD-Sales General RAID BOX 5300 TURBO SPARE CONTROLLER
ITD-Sales General RAID BOX 5300 TURBO WITHMB5044, 4X MHDWR-R-44LS, 1X M4SIBR-4H
ITD-Sales General RAID BOX 5300 TURBO WITHMB5044, 4X MHDWR-R-44LS, 1X M4SIBR-4H
ITD-Sales General VOLUME MANAGEMENT SOFTWARE
Systems Data Processing-LA KINGSTON 64MB UPGRADE KIT FOR COMPAQ PROLIANT 800
Systems Data Processing-LA COMPAQ 2.1GB F/W HOTPLUG SCSI-2 DRIVE
Systems Data Processing-LA COMPAQ PROLIANT 800 6/200 32MB M1 NOH
Systems Data Processing-LA COMPAQ PROLIANT STORAGE SYSTEM
Systems Data Processing-LA COMPAQ SMART-2/P PCI ARRAY CONTROLLER
Systems Data Processing-LA KINGSTON 64 MB UPGRADE KIT (2 32'S) FOR HP VECTRA VA/VL
Systems Data Processing-LA HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Sec Lending-NY Compaq Proliant Server
Systems Data Processing-LA HP PII 266MG 4.3GB 64MB
ITD Sales-LA COMPAQ SERVER,PROCESSOR
ITD Sales-LA 24G EXT DAT SCSI - 4MM TAPE CART
ITD Sanfran COMPAQ SERVER,PROCESSOR
ITD Sanfran 24G EXT DAT SCSI- 4MM TAPE CART
ITD-Boston COMPAQ SERVER,PROCESSOR
ITD-Boston 24G EXT DAT SCSI- 4MM TAPE CART
ITD-Chicago COMPAQ SERVER,PROCESSOR
ITD-Chicago 24G EXT DAT SCSI- 4MM TAPE CART
ITD-Dallas COMPAQ SERVER,PROCESSOR
ITD-Dallas 24G EXT DAT SCSI- 4MM TAPE CART
ITD-International-NY SSL 40.2 RUNTIME SOFTWARE
Corporate LA Management SUN SPARC 4.2GB IMAGED HD
ITD Portfolio Trading-NY SQL SERVER V7.0 ENG
ITD Sales-LA SUN SPARC 4.2GB IMAGED HD
ITD Clearing-LA COMPAQ SCSI HD 2.1GB
ITD-Sales General COMPAQ SCSI HD 2.1GB
ITD-Sales General COMPAQ PROSIGNIA 500
OTC-CONVERTIBLE -2B INV(B-21B00) COMPAQ SCSI HD 2.1GB
OTC-CONVERTIBLE -2B INV(B-21B00) COMPAQ PROSIGNIA 500
Systems Data Processing-LA 20" SONY MULTISCAN MONITOR
GSB - SHARED COST(B-6C000) 32mb grayscale desktop, unix country kit
Systems-NY hardware
GSB - SHARED COST(B-6C000) terminal server
Systems-NY serial port, cable
Systems-NY hardware
GSB - SHARED COST(B-6C000) ROUTER, SOFTWARE, CABLE, INT SERVER
Systems-NY router, dram, desktop software, cable
GSB - SHARED COST(B-6C000) 112540
GSB - SHARED COST(B-6C000) DEC VXT2000 SYSTEM
GSB - SHARED COST(B-6C000) SPARC 20 64MB
GSB - SHARED COST(B-6C000) 10BASE-T CONCENTRATOR 24 PORT
GSB - SHARED COST(B-6C000) DECSERVER 700RJ45 16 PORT
GSB - SHARED COST(B-6C000) 40GB STORAGE
GSB - SHARED COST(B-6C000) SEAGATE BARRACUDA INT 2GB SCSI HD
GSB-Odd Lots 40GB STORAGE
GSB - SHARED COST(B-6C000) SUN FAST SCSI 2/ BUFFERED ETHERNET
GSB - SHARED COST(B-6C000) SUN SPARC 5 MOD 70 17" COLOR MON
GSB - SHARED COST(B-6C000) CISCO 4500
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB-Odd Lots CISCO 2500 HUBLET
GSB - SHARED COST(B-6C000) LIGHT SERVER SWITCH UNIT
GSB - SHARED COST(B-6C000) RS/6000
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB-Odd Lots CISCO 2500
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB-Odd Lots FAST SCSI BUFF ETHERNET
GSB-Odd Lots MODEL 5000 SERVER SWITCH
GSB - SHARED COST(B-6C000) CISCO 2500 ROUTER
GSB - SHARED COST(B-6C000) CHANNELIZED T1
GSB - SHARED COST(B-6C000) UDS NTID NETWORK TERM DEVICE FOR ISDN
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) (72)SMC ETHERNET PLUS ELITE
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) SWARE SERVER
GSB - SHARED COST(B-6C000) SMC ETHERNET PLUS ELITE
GSB - SHARED COST(B-6C000) ACCTON EN2040 HUB
GSB - SHARED COST(B-6C000) RCI 2 PORT SWITCH AND CABLES
GSB - SHARED COST(B-6C000) DEC SERVER 200
GSB - SHARED COST(B-6C000) CISCO 4500-M ROUTER AND DUAL ETHERNET NETWORK PROC
GSB - SHARED COST(B-6C000) CISCO ROUTER CABLES
GSB - SHARED COST(B-6C000) CHANNELIZED T1
GSB - SHARED COST(B-6C000) CISCO 2500 ROUTER
GSB - SHARED COST(B-6C000) SMC ETHERNET PLUS ELITE
GSB - SHARED COST(B-6C000) LANCASTER HUB
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) MS/16+ 16MB SYSTEM
GSB - SHARED COST(B-6C000) SUN SPARC 5 32MB MEMORY MODULE - 6/12
GSB - SHARED COST(B-6C000) VAX 6/7/10,000 CI ADAPTER (T2080-YA,CAB KIT,BNCIA-20)
GSB - SHARED COST(B-6C000) SUN SPARC S5/110 32MB 1GB 17" MON.
GSB - SHARED COST(B-6C000) LOANER FREEWAY 2000 COM-5 BOARD
GSB - SHARED COST(B-6C000) SUN SPARC 20 64MB MEMORY MODULE 12/95
GSB - SHARED COST(B-6C000) 2 GB HD FOR APLHA 2100
GSB - SHARED COST(B-6C000) SUN SPARC 5/110,32MB,2GB HD, NO MON.
GSB - SHARED COST(B-6C000) SUN TGX FRAME BUFFER BOARD
GSB - SHARED COST(B-6C000) LIGHTWAVE SERVER SWITCH UNIT
GSB - SHARED COST(B-6C000) ETHERNET NOTEBOOK SNIFFER
GSB - SHARED COST(B-6C000) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
GSB - SHARED COST(B-6C000) SUN SBUIS SCSI ETHERNET CONTROLLER
GSB - SHARED COST(B-6C000) 486-100 CHASSIS 16MG, 8 SLOT MOTHER BD/VID,SYNC IO
GSB - SHARED COST(B-6C000) SUN SERIAL/PARALLEL CONTROLLER
GSB - SHARED COST(B-6C000) CHANNELIZED T1
GSB - SHARED COST(B-6C000) SMC ETHERNET ELITE PLUS NIC (24/PK) 9/95
GSB - SHARED COST(B-6C000) CISCO 2507 ETHER (16 PARENT HUB PORTS) DUAL SER
GSB - SHARED COST(B-6C000) SF25C10.3.7 CISCO 2500 IOS IP FEATURE SET
GSB - SHARED COST(B-6C000) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
GSB - SHARED COST(B-6C000) 486-100 CHASSIS 16MG, 8 SLOT MOTHER BD/VID,SYNC IO
GSB - SHARED COST(B-6C000) 486-100 CHASSIS 16MG, 8 SLOT MOTHER BD/VID,SYNC IO
GSB - SHARED COST(B-6C000) REDUND POWER CONTROLLER
GSB - SHARED COST(B-6C000) STORAGE SHELF
GSB - SHARED COST(B-6C000) STORAGE WORK
GSB-Swaps MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
GSB - SHARED COST(B-6C000) STAR COUPLER W/CABINET 8 PORT
GSB - SHARED COST(B-6C000) SUN TGX FRAME BUFFER BOARD
GSB - SHARED COST(B-6C000) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
GSB - SHARED COST(B-6C000) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
GSB - SHARED COST(B-6C000) SERVER SWITCH MODEL 5000
GSB-Swaps MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
GSB - SHARED COST(B-6C000) SUN OS SOFTWARE PKG
GSB - SHARED COST(B-6C000) SUN SPARC 20/50 32MB,535HD,17" MON 12/95
GSB - SHARED COST(B-6C000) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
GSB - SHARED COST(B-6C000) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
GSB - SHARED COST(B-6C000) 486-100 CHASSIS 16MG, 8 SLOT MOTHER BD/VID,SYNC IO
GSB - SHARED COST(B-6C000) CLIENTPAK - 25 CLIENT CONN - PROMOTION
GSB - SHARED COST(B-6C000) POWER SUPPLY
GSB - SHARED COST(B-6C000) AS 4100 SMP 5/300
GSB - SHARED COST(B-6C000) AS4100 POWER SUPPLY
GSB - SHARED COST(B-6C000) ASVR 4100 5/300
GSB - SHARED COST(B-6C000) CI BUS CABLE
GSB - SHARED COST(B-6C000) NAS 200-400
GSB - SHARED COST(B-6C000) O/VMS AXP UNL
GSB - SHARED COST(B-6C000) PCI TO CI HOST ADPT
GSB - SHARED COST(B-6C000) PCI TO FDDI ADPT
GSB - SHARED COST(B-6C000) PCI/FAST ETHERNET
GSB - SHARED COST(B-6C000) AS 4100 SMP 5/300
GSB - SHARED COST(B-6C000) AS4100 POWER SUPPLY
GSB - SHARED COST(B-6C000) ASVR 4100 5/300
GSB - SHARED COST(B-6C000) ASVR 4100 5/300 DISC
GSB - SHARED COST(B-6C000) CI BUS CABLE
GSB - SHARED COST(B-6C000) FIELD INSTALL OF 7 ALPHA'S
GSB - SHARED COST(B-6C000) FIELD INSTALL OF SW800'S
GSB - SHARED COST(B-6C000) NAS 200-400
GSB - SHARED COST(B-6C000) O/VMS AXP UNL
GSB - SHARED COST(B-6C000) PCI TO CI HOST ADPT
GSB - SHARED COST(B-6C000) PCI TO FDDI ADPT
GSB - SHARED COST(B-6C000) PCI/FAST ETHERNET
GSB - SHARED COST(B-6C000) 4 GIG DISKS
GSB - SHARED COST(B-6C000) 8BIT I/O MODULE
GSB - SHARED COST(B-6C000) B/U POWER SUPPLY
GSB - SHARED COST(B-6C000) CI CABLES
GSB - SHARED COST(B-6C000) CONSOLE MGR LICENSE
GSB - SHARED COST(B-6C000) HSJ CONTROLLER SHELF
GSB - SHARED COST(B-6C000) MIRROR LICENSE (CONTROLLER)
GSB - SHARED COST(B-6C000) MULTINET LICENCES
GSB - SHARED COST(B-6C000) POWER SUPPLIES
GSB - SHARED COST(B-6C000) STORAGE WORKS CONTROLLER
GSB - SHARED COST(B-6C000) STORAGEWORKS CABINET
GSB - SHARED COST(B-6C000) TAPE LOADER
GSB - SHARED COST(B-6C000) TAPES 7 PER PACK
GSB - SHARED COST(B-6C000) WRITE BACK CACHE 9/96
GSB - SHARED COST(B-6C000) POJ PERFORMANCE DATA COLLECTOR
GSB - SHARED COST(B-6C000) DEC SERVER 700 16 LINE W/ FLASH
GSB - SHARED COST(B-6C000) DEC SERVER 700 16 LINE W/ FLASH
GSB - SHARED COST(B-6C000) SMC ETHERNET PLUS ELITE 16 COMBO - 2/14
GSB-CF Kross COMPAQ 2.1GB FAST WIDE SCSI-2 HD
GSB-CF Kross COMPAQ PROSIGNIA 500 5/150,32MB,NO HD
GSB-CF Kross COMPAQ SMART-2 ARRAY CONTROLLER
GSB-CF Kross HP SURESTORE 5000G DAT DRIVE
GSB-Swaps CISCO 2516 ETHERNET/14 HUB/DUAL SER MULTI ROUTER
GSB - SHARED COST(B-6C000) CISCO 2507,SW,2 CABLES
GSB - SHARED COST(B-6C000) ALPHA SERVER 4100 AND VMS LICENSES
GSB-Long CISCO 2507,SW,2 CABLES
GSB-Swaps SMC ETHERNET ELITE PLUS NIC (24/PK) 9/95
SUN SPARC 5/110,32MB,2GB HD, NO MON.
Accounting-NY 2-PORT FAST ETHERNET INTERFACE PROCESSOR
Accounting-NY 6-PORT ETHERNET INTERFACE PROCESSOR
Accounting-NY CISCO 7507/13 ROUTER SWITCH PROCESSOR
Accounting-NY CISCO 7513 13-SLOT ROUTER
Accounting-NY CISCO 7513 DUAL AC POWER SUPPLY OPTION
Accounting-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Accounting-NY CATALYST 5000 ETHERNET SWITCHING MOD
Accounting-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Accounting-NY CATALYST 5000 100BASEFX (FIBER,SC)
Accounting-NY CATALYST 5000 ETHERNET SWITCHING MOD
Accounting-NY INCREMENTAL CHRG TO UPGDE 15 CAT5000
Accounting-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Accounting-NY MULTICHANNEL INTERFACE PROCESSOR T1/PRI 2PORT
Agencies 6-PORT ETHERNET INTERFACE PROCESSOR
Agencies CISCO 7513 13-SLOT ROUTER
Agencies CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Agencies CATALYST 5000 ETHERNET SWITCHING MOD
Agencies CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Agencies CATALYST 5000 100BASEFX (FIBER,SC)
Agencies CATALYST 5000 ETHERNET SWITCHING MOD
Agencies CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
CANTOR DIGITAL SPEED(B-AV007) CISCO 2507,SW,2 CABLES
Communications-NY 6-PORT ETHERNET INTERFACE PROCESSOR
Communications-NY CISCO 7513 13-SLOT ROUTER
Communications-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Communications-NY CATALYST 5000 ETHERNET SWITCHING MOD
Communications-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Communications-NY CATALYST 5000 100BASEFX (FIBER,SC)
Communications-NY CATALYST 5000 ETHERNET SWITCHING MOD
Communications-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Communications-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Corporate Bonds-Canadians 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate Bonds-Canadians CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Canadians CATALYST 5000 100BASEFX (FIBER,SC)
Corporate Bonds-Canadians CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Corporate Bonds-Corp Convertible Bonds 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate Bonds-Corp Convertible Bonds CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Corp Convertible Bonds CATALYST 5000 100BASEFX (FIBER,SC)
Corporate Bonds-Corp Convertible Bonds CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Corporate Bonds-Industrials 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate Bonds-Industrials CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Industrials CATALYST 5000 100BASEFX (FIBER,SC)
Corporate Bonds-Industrials CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Corporate Bonds-Intermediates 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate Bonds-Intermediates CISCO 7513 13-SLOT ROUTER
Corporate Bonds-Intermediates CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Intermediates CATALYST 5000 100BASEFX (FIBER,SC)
Corporate Bonds-Intermediates CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Intermediates CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Corporate Bonds-Junks 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate Bonds-Junks CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Junks CATALYST 5000 100BASEFX (FIBER,SC)
Corporate Bonds-Junks CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Junks CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Corporate Bonds-Med Term Notes 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate Bonds-Med Term Notes CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Med Term Notes CATALYST 5000 100BASEFX (FIBER,SC)
Corporate Bonds-Med Term Notes CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Corporate Bonds-Support 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate Bonds-Support CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Support CATALYST 5000 100BASEFX (FIBER,SC)
Corporate Bonds-Support CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Support CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Corporate Bonds-Utilities/tel/ret 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate Bonds-Utilities/tel/ret CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Utilities/tel/ret CATALYST 5000 100BASEFX (FIBER,SC)
Corporate Bonds-Utilities/tel/ret CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Corporate-NY 6-PORT ETHERNET INTERFACE PROCESSOR
Corporate-NY CISCO 7513 13-SLOT ROUTER
Corporate-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Corporate-NY CATALYST 5000 ETHERNET SWITCHING MOD
Corporate-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Corporate-NY CATALYST 5000 100BASEFX (FIBER,SC)
Corporate-NY CATALYST 5000 ETHERNET SWITCHING MOD
Corporate-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Credit 6-PORT ETHERNET INTERFACE PROCESSOR
Credit CATALYST 5000 ETHERNET SWITCHING MOD
Credit CATALYST 5000 100BASEFX (FIBER,SC)
Credit CATALYST 5000 ETHERNET SWITCHING MOD
Credit CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Emerging Markets Brady Bonds SUN SPARC 5/110,32MB,2GB HD, NO MON.
Environmental (EBS)-San Francisco CATALYST 5000 ETHERNET SWITCHING MOD
Environmental (EBS)-San Francisco CATALYST 5000 100BASEFX (FIBER,SC)
Equity Screen Brokerage 6-PORT ETHERNET INTERFACE PROCESSOR
Equity Screen Brokerage CATALYST 5000 ETHERNET SWITCHING MOD
Equity Screen Brokerage CATALYST 5000 100BASEFX (FIBER,SC)
Equity Screen Brokerage CATALYST 5000 ETHERNET SWITCHING MOD
Equity Screen Brokerage CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Equity Screen Brokerage CISCO 2514 ROUTER,IOS IP,2 CABLES
Equity Screen Brokerage SUN SPARC 5/110,32MB,2GB HD, NO MON.
FX Forward Mark 6-PORT ETHERNET INTERFACE PROCESSOR
FX Forward Mark CATALYST 5000 ETHERNET SWITCHING MOD
FX Forward Mark CATALYST 5000 100BASEFX (FIBER,SC)
FX Forward Mark CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
FX Forward Mark SUN SPARC 5/110,32MB,2GB HD, NO MON.
FX Forward Yen 6-PORT ETHERNET INTERFACE PROCESSOR
FX Forward Yen CATALYST 5000 ETHERNET SWITCHING MOD
FX Forward Yen CATALYST 5000 100BASEFX (FIBER,SC)
FX Forward Yen CATALYST 5000 ETHERNET SWITCHING MOD
FX Forward Yen CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
FX Forward Yen SUN SPARC 5/110,32MB,2GB HD, NO MON.
FX Forward Yen CISCO LAN EQUIPMENT
FX Forward Yen CISCO LAN EQUIPMENT
FX Options-NY 6-PORT ETHERNET INTERFACE PROCESSOR
FX Options-NY CISCO 7513 13-SLOT ROUTER
FX Options-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
FX Options-NY CATALYST 5000 ETHERNET SWITCHING MOD
FX Options-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
FX Options-NY CATALYST 5000 100BASEFX (FIBER,SC)
FX Options-NY CATALYST 5000 ETHERNET SWITCHING MOD
FX Options-NY INCREMENTAL CHRG TO UPGDE 15 CAT5000
FX Options-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
FX Options-NY SUN SPARC 5/110,32MB,2GB HD, NO MON.
GSB - SHARED COST(B-6C000) SUN SPARC 5/110,32MB,2GB HD, NO MON.
GSB - SHARED COST(B-6C000) IBM PCI ETHERNET NIC 30/PK
GSB - SHARED COST(B-6C000) MODIFICATION ADJUSTMENT
GSB - SHARED COST(B-6C000) 1040 SHELF
GSB - SHARED COST(B-6C000) CHASSIS 12 SLOT RACK
GSB-Bills 2-PORT FAST ETHERNET INTERFACE PROCESSOR
GSB-Bills 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Bills CISCO 7507/13 ROUTER SWITCH PROCESSOR
GSB-Bills CISCO 7513 13-SLOT ROUTER
GSB-Bills CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Bills CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Bills CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Bills CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Bills CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Bills INCREMENTAL CHRG TO UPGDE 15 CAT5000
GSB-Bills CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-CF Kross 2-PORT FAST ETHERNET INTERFACE PROCESSOR
GSB-CF Kross 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-CF Kross CISCO 7507/13 ROUTER SWITCH PROCESSOR
GSB-CF Kross CISCO 7513 13-SLOT ROUTER
GSB-CF Kross CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-CF Kross CATALYST 5000 ETHERNET SWITCHING MOD
GSB-CF Kross CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-CF Kross CATALYST 5000 100BASEFX (FIBER,SC)
GSB-CF Kross CATALYST 5000 ETHERNET SWITCHING MOD
GSB-CF Kross INCREMENTAL CHRG TO UPGDE 15 CAT5000
GSB-CF Kross CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-CF Kross SUN SPARC 5/110,32MB,1GB HD,17" MON
GSB-Intermediate 2-PORT FAST ETHERNET INTERFACE PROCESSOR
GSB-Intermediate 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Intermediate CISCO 7507/13 ROUTER SWITCH PROCESSOR
GSB-Intermediate CISCO 7513 13-SLOT ROUTER
GSB-Intermediate CISCO 7513 DUAL AC POWER SUPPLY OPTION
GSB-Intermediate CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Intermediate CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Intermediate CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Intermediate CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Intermediate CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Intermediate INCREMENTAL CHRG TO UPGDE 15 CAT5000
GSB-Intermediate CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-Intermediate MULTICHANNEL INTERFACE PROCESSOR T1/PRI 2PORT
GSB-Long 2-PORT FAST ETHERNET INTERFACE PROCESSOR
GSB-Long 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Long CISCO 7507/13 ROUTER SWITCH PROCESSOR
GSB-Long CISCO 7513 13-SLOT ROUTER
GSB-Long CISCO 7513 DUAL AC POWER SUPPLY OPTION
GSB-Long CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Long CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Long CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Long CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Long CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Long INCREMENTAL CHRG TO UPGDE 15 CAT5000
GSB-Long CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-Long MULTICHANNEL INTERFACE PROCESSOR T1/PRI 2PORT
GSB-Odd Lots 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Odd Lots CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Odd Lots CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Odd Lots CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Odd Lots CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-Short 2-PORT FAST ETHERNET INTERFACE PROCESSOR
GSB-Short 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Short CISCO 7507/13 ROUTER SWITCH PROCESSOR
GSB-Short CISCO 7513 13-SLOT ROUTER
GSB-Short CISCO 7513 DUAL AC POWER SUPPLY OPTION
GSB-Short CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Short CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Short CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Short CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Short CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Short INCREMENTAL CHRG TO UPGDE 15 CAT5000
GSB-Short CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-Short MULTICHANNEL INTERFACE PROCESSOR T1/PRI 2PORT
GSB-Short/Intermediate 2-PORT FAST ETHERNET INTERFACE PROCESSOR
GSB-Short/Intermediate 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Short/Intermediate CISCO 7507/13 ROUTER SWITCH PROCESSOR
GSB-Short/Intermediate CISCO 7513 13-SLOT ROUTER
GSB-Short/Intermediate CISCO 7513 DUAL AC POWER SUPPLY OPTION
GSB-Short/Intermediate CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Short/Intermediate CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Short/Intermediate CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Short/Intermediate CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Short/Intermediate CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Short/Intermediate INCREMENTAL CHRG TO UPGDE 15 CAT5000
GSB-Short/Intermediate CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-Short/Intermediate MULTICHANNEL INTERFACE PROCESSOR T1/PRI 2PORT
GSB-Spread Brokerage 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Spread Brokerage CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Spread Brokerage CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Spread Brokerage CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-Swaps 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Swaps CISCO 7513 13-SLOT ROUTER
GSB-Swaps CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Swaps CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Swaps CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Swaps CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Swaps CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Swaps CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-Volume Control 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Volume Control CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Volume Control CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Volume Control CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Volume Control CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
GSB-Zeros 6-PORT ETHERNET INTERFACE PROCESSOR
GSB-Zeros CISCO 7513 13-SLOT ROUTER
GSB-Zeros CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Zeros CATALYST 5000 100BASEFX (FIBER,SC)
GSB-Zeros CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Zeros CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Human Resources-NY 6-PORT ETHERNET INTERFACE PROCESSOR
Human Resources-NY CATALYST 5000 ETHERNET SWITCHING MOD
Human Resources-NY CATALYST 5000 100BASEFX (FIBER,SC)
Human Resources-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
IES 6-PORT ETHERNET INTERFACE PROCESSOR
IES CATALYST 5000 ETHERNET SWITCHING MOD
IES CATALYST 5000 100BASEFX (FIBER,SC)
IES CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
IRS-CM IR Options 6-PORT ETHERNET INTERFACE PROCESSOR
IRS-CM IR Options CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM IR Options CATALYST 5000 100BASEFX (FIBER,SC)
IRS-CM IR Options CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM IR Options CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
IRS-CM Mediums 6-PORT ETHERNET INTERFACE PROCESSOR
IRS-CM Mediums CISCO 7513 13-SLOT ROUTER
IRS-CM Mediums CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM Mediums CATALYST 5000 100BASEFX (FIBER,SC)
IRS-CM Mediums CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM Mediums CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
IRS-CM Mediums SUN SPARC 5/110,32MB,2GB HD, NO MON.
IRS-CM Mediums CISCO LAN EQUIPMENT
IRS-CM Mediums CISCO LAN EQUIPMENT
IRS-CM SS/FRAS 6-PORT ETHERNET INTERFACE PROCESSOR
IRS-CM SS/FRAS CISCO 7513 13-SLOT ROUTER
IRS-CM SS/FRAS CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
IRS-CM SS/FRAS CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM SS/FRAS CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
IRS-CM SS/FRAS CATALYST 5000 100BASEFX (FIBER,SC)
IRS-CM SS/FRAS CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM SS/FRAS CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
IRS-CM SS/FRAS CISCO LAN EQUIPMENT
IRS-CM SS/FRAS CISCO LAN EQUIPMENT
Legal-NY 6-PORT ETHERNET INTERFACE PROCESSOR
Legal-NY CATALYST 5000 ETHERNET SWITCHING MOD
Legal-NY CATALYST 5000 100BASEFX (FIBER,SC)
Legal-NY CATALYST 5000 ETHERNET SWITCHING MOD
Legal-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
LONDON OFF THE RUNS (OTR)(B-6D000) 16 MB OF MAIN MEMORY
LONDON OFF THE RUNS (OTR)(B-6D000) 16 MB UPGD
LONDON OFF THE RUNS (OTR)(B-6D000) 4500 6 PORT ETHERNET MODULE
LONDON OFF THE RUNS (OTR)(B-6D000) 8 MB OF FLASH MEMORY
LONDON OFF THE RUNS (OTR)(B-6D000) CHANNELIZED T1/ISDN PRI NP MOD 3/96
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 4500, 4700 IOS IP FEATURE SET
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 4500-M MOD MULTIPROT ROUTER
Marketing-NY 6-PORT ETHERNET INTERFACE PROCESSOR
Marketing-NY CATALYST 5000 ETHERNET SWITCHING MOD
Marketing-NY CATALYST 5000 100BASEFX (FIBER,SC)
Marketing-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MBSB-ARMS CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-ARMS CATALYST 5000 100BASEFX (FIBER,SC)
MBSB-CMOS 6-PORT ETHERNET INTERFACE PROCESSOR
MBSB-CMOS CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-CMOS CATALYST 5000 100BASEFX (FIBER,SC)
MBSB-CMOS CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MBSB-GNMA 2-PORT FAST ETHERNET INTERFACE PROCESSOR
MBSB-GNMA 6-PORT ETHERNET INTERFACE PROCESSOR
MBSB-GNMA CISCO 7507/13 ROUTER SWITCH PROCESSOR
MBSB-GNMA CISCO 7513 13-SLOT ROUTER
MBSB-GNMA CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MBSB-GNMA CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-GNMA CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MBSB-GNMA CATALYST 5000 100BASEFX (FIBER,SC)
MBSB-GNMA CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-GNMA INCREMENTAL CHRG TO UPGDE 15 CAT5000
MBSB-GNMA CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MBSB-GNMA SUN SPARC 5/110,32MB,2GB HD, NO MON.
MBSB-STRIPS 6-PORT ETHERNET INTERFACE PROCESSOR
MBSB-STRIPS CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-STRIPS CATALYST 5000 100BASEFX (FIBER,SC)
MBSB-STRIPS CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MBSB-SUPPORT STAFF 6-PORT ETHERNET INTERFACE PROCESSOR
MBSB-SUPPORT STAFF CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-SUPPORT STAFF CATALYST 5000 100BASEFX (FIBER,SC)
MBSB-SUPPORT STAFF CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-SUPPORT STAFF CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MMI-NY 6-PORT ETHERNET INTERFACE PROCESSOR
MMI-NY CATALYST 5000 ETHERNET SWITCHING MOD
MMI-NY CATALYST 5000 100BASEFX (FIBER,SC)
MMI-NY CATALYST 5000 ETHERNET SWITCHING MOD
MMI-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MUNIS-BID WANTED-NY 4500 6 PORT ETHERNET MODULE
MUNIS-BID WANTED-NY 6-PORT ETHERNET INTERFACE PROCESSOR
MUNIS-BID WANTED-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-BID WANTED-NY CATALYST 5000 100BASEFX (FIBER,SC)
MUNIS-BID WANTED-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-BID WANTED-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MUNIS-DOLLAR REVENUE-NY 4500 6 PORT ETHERNET MODULE
MUNIS-DOLLAR REVENUE-NY 6-PORT ETHERNET INTERFACE PROCESSOR
MUNIS-DOLLAR REVENUE-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-DOLLAR REVENUE-NY CATALYST 5000 100BASEFX (FIBER,SC)
MUNIS-DOLLAR REVENUE-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MUNIS-GENERAL OBLIGATIONS-NY 4500 6 PORT ETHERNET MODULE
MUNIS-GENERAL OBLIGATIONS-NY CHANNELIZED T1/ISDN PRI NP MOD 3/96
MUNIS-GENERAL OBLIGATIONS-NY CHANNELIZED T1/ISDN PRI NP MOD 3/96
MUNIS-GENERAL OBLIGATIONS-NY 6-PORT ETHERNET INTERFACE PROCESSOR
MUNIS-GENERAL OBLIGATIONS-NY CISCO 7513 13-SLOT ROUTER
MUNIS-GENERAL OBLIGATIONS-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-GENERAL OBLIGATIONS-NY CATALYST 5000 100BASEFX (FIBER,SC)
MUNIS-GENERAL OBLIGATIONS-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-GENERAL OBLIGATIONS-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MUNIS-NY & PR SERIALS & DOLLARS-NY 4500 6 PORT ETHERNET MODULE
MUNIS-NY & PR SERIALS & DOLLARS-NY CHANNELIZED T1/ISDN PRI NP MOD 3/96
MUNIS-NY & PR SERIALS & DOLLARS-NY CHANNELIZED T1/ISDN PRI NP MOD 3/96
MUNIS-NY & PR SERIALS & DOLLARS-NY 6-PORT ETHERNET INTERFACE PROCESSOR
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO 7513 13-SLOT ROUTER
MUNIS-NY & PR SERIALS & DOLLARS-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MUNIS-NY & PR SERIALS & DOLLARS-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-NY & PR SERIALS & DOLLARS-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MUNIS-NY & PR SERIALS & DOLLARS-NY CATALYST 5000 100BASEFX (FIBER,SC)
MUNIS-NY & PR SERIALS & DOLLARS-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
MUNIS-SUPPORT-NY 4500 6 PORT ETHERNET MODULE
Office Services-NY 2-PORT FAST ETHERNET INTERFACE PROCESSOR
Office Services-NY 6-PORT ETHERNET INTERFACE PROCESSOR
Office Services-NY CISCO 7507/13 ROUTER SWITCH PROCESSOR
Office Services-NY CISCO 7513 13-SLOT ROUTER
Office Services-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Office Services-NY CATALYST 5000 ETHERNET SWITCHING MOD
Office Services-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Office Services-NY CATALYST 5000 100BASEFX (FIBER,SC)
Office Services-NY CATALYST 5000 ETHERNET SWITCHING MOD
Office Services-NY INCREMENTAL CHRG TO UPGDE 15 CAT5000
Office Services-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
OPS-EQUITIES(B-BF200) 2-PORT FAST ETHERNET INTERFACE PROCESSOR
OPS-EQUITIES(B-BF200) 6-PORT ETHERNET INTERFACE PROCESSOR
OPS-EQUITIES(B-BF200) CISCO 7507/13 ROUTER SWITCH PROCESSOR
OPS-EQUITIES(B-BF200) CISCO 7513 13-SLOT ROUTER
OPS-EQUITIES(B-BF200) CISCO 7513 DUAL AC POWER SUPPLY OPTION
OPS-EQUITIES(B-BF200) CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
OPS-EQUITIES(B-BF200) CATALYST 5000 ETHERNET SWITCHING MOD
OPS-EQUITIES(B-BF200) CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
OPS-EQUITIES(B-BF200) CATALYST 5000 100BASEFX (FIBER,SC)
OPS-EQUITIES(B-BF200) CATALYST 5000 ETHERNET SWITCHING MOD
OPS-EQUITIES(B-BF200) INCREMENTAL CHRG TO UPGDE 15 CAT5000
OPS-EQUITIES(B-BF200) CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
OPS-EQUITIES(B-BF200) MULTICHANNEL INTERFACE PROCESSOR T1/PRI 2PORT
OPS-EQUITIES(B-BF200) COMPAQ FAST-WIDE SCSI-2 HD
OTC Options-NY 6-PORT ETHERNET INTERFACE PROCESSOR
OTC Options-NY CATALYST 5000 ETHERNET SWITCHING MOD
OTC Options-NY CATALYST 5000 100BASEFX (FIBER,SC)
OTC Options-NY CATALYST 5000 ETHERNET SWITCHING MOD
OTC Options-NY CISCO 7507,ADD'L MEM,PS,EIP,SIP,SFTWR
Systems-NY 32MB MEMORY FOR SPARC 5
Systems-NY 12 MB RAM UPGDE
Systems-NY VIEWSTATION FX19Ci 19" COLOR
Systems-NY 3COM ETHERLINK III PCI NIC (60/PK)
Systems-NY NOKIA 17" TRINITRON MONITOR
Systems-NY NOKIA 17" TRINITRON MONITOR
Systems-NY MATROX 2MB UPGDE FOR MILLENIUM CARD
Systems-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Systems-NY IBM 16MB PARITY MEMORY KIT -92G7310 9/96
Systems-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Systems-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Systems-NY IBM 1.7GB INT HD
Systems-NY IBM PCI ETHERNET NIC 30/PK
Systems-NY IBM 16MB PARITY MEMORY KIT -92G7310 9/96
Systems-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Systems-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Systems-NY IBM 1.7GB INT HD
Systems-NY NOKIA 17" MONITOR
Systems-NY IBM PCI ETHERNET NIC 30/PK
Systems-NY NETWORKER FOR UNIX
Systems-NY MOTOROLA GP-300 16 CH. UHF RADIO W/ CHARGER
Systems-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Systems-NY HP OPENVIEW NETWORK NODE MANAGER CLASS
Systems-NY 1 YR EXT WARRANTY S/N 28842
Systems-NY 1 YR EXT WARRANTY S/N 41673
Systems-NY 1 YR EXT WARRANTY S/N 43447
CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
SUN SPARC 5/110,32MB,2GB HD, NO MON.
Agencies CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
Corporate Bonds-Utilities/tel/disc CONTROL MODULE-RECONFIGURATION
Equity Screen Brokerage CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
Equity Screen Brokerage SUN SPARC 5/110,32MB,2GB HD, NO MON.
Euro's London CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
FX Forward Mark CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
FX Forward Mark SUN SPARC 5/110,32MB,2GB HD, NO MON.
FX Forward Yen CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
FX Forward Yen SUN SPARC 5/110,32MB,2GB HD, NO MON.
FX Options-NY CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
FX Options-NY SUN SPARC 5/110,32MB,2GB HD, NO MON.
GSB - SHARED COST(B-6C000) CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
GSB - SHARED COST(B-6C000) SUN SPARC 5/110,32MB,2GB HD, NO MON.
GSB - SHARED COST(B-6C000) SUN TGX FRAME BUFFER BOARD
GSB-Odd Lots CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
IRS-CM Mediums CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
IRS-CM Mediums SUN SPARC 5/110,32MB,2GB HD, NO MON.
MBSB-GNMA CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
MBSB-GNMA SUN SPARC 5/110,32MB,2GB HD, NO MON.
MUNIS-SUPPORT-NY CISCO 2516 ROUTER,SFTWR,2 CABLES2511 ADD MEM
OTC Options-NY REROUTED CABLE -TN CONTROL
Systems-NY 32MB MEMORY FOR SPARC 5
Systems-NY SPARC 5 2GB INT HARD DRIVE
Systems-NY SUN SPARC 5/110MHZ, W/17" MONITOR
Systems-NY IOMEGA EXT SCSI JAZ DRIVE
Systems-NY SMART AND FRIENDLY CD ROM 2004 EXT. RECORDER
Systems-NY IBM 1.7GB INT HD
Systems-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Systems-NY COMPAQ 4.3GB FAST SCSI-2 (NOT WIDE) HD
Systems-NY IBM PC750 P166,16MB PARITY,1.2GB HD,SELECTA
Systems-NY TOSHIBA 420CDS, 810MB HD, 8MB RAM, 11.3" DUAL SCAN
Systems-NY COMPAQ 4.3GB FAST SCSI-2 HD
Systems-NY COMPAQ 64MB MEMORY KIT
Systems-NY COMPAQ HD 4.3GB FAST-WIDE SCSI - 11/96
Systems-NY COMPAQ SMAR SCSI-2 ARRAY CONTROLLER/E
Systems-NY HP LASERJET 5N PRINTER
Systems-NY COMPAQ 4.3GB FAST SCSI-2 HD
Systems-NY COMPAQ 4.3GB FAST-WIDE SCSI2 PLUGGABLE HARD DRIVE
Systems-NY COMPAQ SMAR SCSI-2 ARRAY CONTROLLER/P
Systems-NY BLACK GSB TRADER KEYBOARD
Systems-NY KINGSTON 8MB VP MEMORY
Systems-NY SEAGATE 630MB INT HD
Systems-NY KINGSTON 8MB VP MEMORY
Systems-NY SEAGATE 630MB INT HD
Systems-NY KINGSTON 8MB VP MEMORY
Systems-NY NOKIA 21" MONITOR
Systems-NY READ/WRITE PLATTERS
Systems-NY WORM PLATTERS
Systems-NY IOMEGA 1GB JAZ CARTRIDGE
Accounting-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Accounting-NY CATALYST 5000 ETHERNET SWITCHING MOD
Accounting-NY CATALYST 5000 REDUNDANT POWER SUPPLY
Accounting-NY CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
Accounting-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Accounting-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Agencies CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Agencies CATALYST 5000 ETHERNET SWITCHING MOD
Agencies QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Art-NY CATALYST 5000 ETHERNET SWITCHING MOD
Business Administration CATALYST 5000 ETHERNET SWITCHING MOD
COMMUNICATIONS (SUSPENSE)(B-BP100) NY SERIES 2 ADD ON BILLING
Communications-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Communications-NY CATALYST 5000 ETHERNET SWITCHING MOD
Communications-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Canadians CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Canadians QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Corp Convertible Bonds CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Corp Convertible Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-High level Transaction CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Industrials CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Industrials QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Intermediates CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Corporate Bonds-Intermediates CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Intermediates QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Junks CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Corporate Bonds-Junks CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Junks QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Med Term Notes CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Med Term Notes QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Support CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Corporate Bonds-Support CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Support QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Utilities/tel/ret CATALYST 5000 ETHERNET SWITCHING MOD
Corporate Bonds-Utilities/tel/ret QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Corporate-NY CATALYST 5000 ETHERNET SWITCHING MOD
Corporate-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Credit CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Credit CATALYST 5000 ETHERNET SWITCHING MOD
Credit QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Environmental (EBS)-San Francisco CATALYST 5000 ETHERNET SWITCHING MOD
Environmental (EBS)-San Francisco QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Equity Screen Brokerage CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Equity Screen Brokerage CATALYST 5000 ETHERNET SWITCHING MOD
Equity Screen Brokerage QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Forward Mark CATALYST 5000 ETHERNET SWITCHING MOD
FX Forward Mark QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Forward Yen CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
FX Forward Yen CATALYST 5000 ETHERNET SWITCHING MOD
FX Forward Yen QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Options-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
FX Options-NY CATALYST 5000 ETHERNET SWITCHING MOD
FX Options-NY CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
FX Options-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Options-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB - SHARED COST(B-6C000) DEC SERVER 700 2MB FLASH CARD
GSB - SHARED COST(B-6C000) DEC SERVER 700 2MB FLASH CARD
GSB-Bills CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Bills CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Bills CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
GSB-Bills QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Bills QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-CF Kross CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-CF Kross CATALYST 5000 ETHERNET SWITCHING MOD
GSB-CF Kross 16 PORT CATALYST SWITCH W/10K AD
GSB-CF Kross 4 PORT 10 BT MODULE
GSB-CF Kross CISCO 2516 ETHERNET (14 HUB PORT)/DUAL
GSB-CF Kross CISCO 2516 SERIES IOS IP ONLY FEATURE SET
GSB-CF Kross OPTIONAL 16MB DRAM MEMORY
GSB-CF Kross CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
GSB-CF Kross QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-CF Kross QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Intermediate CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Intermediate CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Intermediate CATALYST 5000 REDUNDANT POWER SUPPLY
GSB-Intermediate CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
GSB-Intermediate STANDARD MAINT FOR CONNECTIVITY TOOLS-200-SUN (18 MOS)
GSB-Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Long CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Long CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Long CATALYST 5000 REDUNDANT POWER SUPPLY
GSB-Long CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
GSB-Long QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Long QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Odd Lots CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Odd Lots CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Odd Lots QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Short CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Short CATALYST 5000 REDUNDANT POWER SUPPLY
GSB-Short CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
GSB-Short QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short/Intermediate CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Short/Intermediate CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Short/Intermediate CATALYST 5000 REDUNDANT POWER SUPPLY
GSB-Short/Intermediate CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
GSB-Short/Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short/Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Spread Brokerage CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Spread Brokerage QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Swaps CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Swaps CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Swaps QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Swaps QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Volume Control CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Volume Control CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Volume Control QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Zeros CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
GSB-Zeros CATALYST 5000 ETHERNET SWITCHING MOD
GSB-Zeros QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Human Resources-NY CATALYST 5000 ETHERNET SWITCHING MOD
Human Resources-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
IRS-CM IR Options CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
IRS-CM IR Options CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM IR Options QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
IRS-CM Mediums CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
IRS-CM Mediums CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM Mediums QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
IRS-CM SS/FRAS CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
IRS-CM SS/FRAS CATALYST 5000 ETHERNET SWITCHING MOD
IRS-CM SS/FRAS QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Legal-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Legal-NY CATALYST 5000 ETHERNET SWITCHING MOD
Legal-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Marketing-NY CATALYST 5000 ETHERNET SWITCHING MOD
Marketing-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-ARMS CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-ARMS QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-CMOS CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-CMOS QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-GNMA CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MBSB-GNMA CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-GNMA CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
MBSB-GNMA QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-GNMA QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-REGIONALS CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-STRIPS CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-STRIPS QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-SUPPORT STAFF CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MBSB-SUPPORT STAFF CATALYST 5000 ETHERNET SWITCHING MOD
MBSB-SUPPORT STAFF QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MMI-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MMI-NY CATALYST 5000 ETHERNET SWITCHING MOD
MMI-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-BID WANTED-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MUNIS-BID WANTED-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-BID WANTED-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-DOLLAR REVENUE-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-DOLLAR REVENUE-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-GENERAL OBLIGATIONS-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MUNIS-GENERAL OBLIGATIONS-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-GENERAL OBLIGATIONS-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-NY & PR SERIALS & DOLLARS-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
MUNIS-NY & PR SERIALS & DOLLARS-NY CATALYST 5000 ETHERNET SWITCHING MOD
MUNIS-NY & PR SERIALS & DOLLARS-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-SUPPORT-NY CATALYST 5000 ETHERNET SWITCHING MOD
Office Services-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
Office Services-NY CATALYST 5000 ETHERNET SWITCHING MOD
Office Services-NY CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
Office Services-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Office Services-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
OPS-EQUITIES(B-BF200) CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
OPS-EQUITIES(B-BF200) CATALYST 5000 ETHERNET SWITCHING MOD
OPS-EQUITIES(B-BF200) CATALYST 5000 REDUNDANT POWER SUPPLY
OPS-EQUITIES(B-BF200) CONNECTIVITY TOOS V2.0, UP TO 200 ROUTERS (SUN)
OPS-EQUITIES(B-BF200) STANDARD MAINT FOR CONNECTIVITY TOOLS-200-SUN (18 MOS)
OPS-EQUITIES(B-BF200) QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
OPS-EQUITIES(B-BF200) QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
OTC Options-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE)
OTC Options-NY CATALYST 5000 ETHERNET SWITCHING MOD
OTC Options-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM PCI ETHERNET NIC 30/PK
Systems-NY 16 PORT,6K-ADDRESS,SNMP,VLAN
Systems-NY MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Systems-NY 10" ELECTROHOME MONITOR
Systems-NY MOTOROLA GP-350 16 CH. UHF RADIO W/ CHARGER
Systems-NY 128MB MEMORY FOR ALPHA 2100
Tax-NY CATALYST 5000 ETHERNET SWITCHING MOD
CHANNELIZED T1/ISDN PRI NP MODULE ,4500-M
CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Accounting-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Accounting-NY IGX EQUIPMENT CISCO 1505225
Agencies CHANNELIZED T1/ISDN PRI NP MODULE ,4500-M
Agencies CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Agencies IGX EQUIPMENT CISCO 1505225
Art-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Business Administration CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Communications-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Communications-NY IGX EQUIPMENT CISCO 1505225
Corporate Bonds-Canadians CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Canadians IGX EQUIPMENT CISCO 1505225
Corporate Bonds-Corp Convertible Bonds CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Corp Convertible Bonds IGX EQUIPMENT CISCO 1505225
Corporate Bonds-High level Transaction CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Industrials CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Industrials IGX EQUIPMENT CISCO 1505225
Corporate Bonds-Intermediates CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Intermediates IGX EQUIPMENT CISCO 1505225
Corporate Bonds-Junks CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Junks IGX EQUIPMENT CISCO 1505225
Corporate Bonds-Med Term Notes CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Med Term Notes IGX EQUIPMENT CISCO 1505225
Corporate Bonds-New Issues\Regionals CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-out of town CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Corporate Bonds-out of town CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Corporate Bonds-Support CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Support IGX EQUIPMENT CISCO 1505225
Corporate Bonds-Utilities/tel/ret CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate Bonds-Utilities/tel/ret IGX EQUIPMENT CISCO 1505225
Corporate-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Corporate-NY IGX EQUIPMENT CISCO 1505225
Credit CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Credit IGX EQUIPMENT CISCO 1505225
Emerging Markets Brady Bonds CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Emerging Markets Brady Bonds CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Emerging Markets Brady Bonds CISCO 2507,SW,2 CABLES
Emerging Markets Brady Bonds CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Emerging Markets Brady Bonds IGX EQUIPMENT CISCO 1505225
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Brady Bonds MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Emerging Markets Brady Bonds LINK BUILDER II 12 PORT HUB
Emerging Markets Brady Bonds LINK BUILDER II SNMP MODULE
Emerging Markets Brady Bonds SERVER SWITCH MODEL 5000
Emerging Markets Brady Bonds PENTIUM DISTRIBUTED SNIFFER FOR ETHERNET
Emerging Markets Euro Bonds CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Emerging Markets Euro Bonds CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Emerging Markets Euro Bonds CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Emerging Markets Euro Bonds IGX EQUIPMENT CISCO 1505225
Environmental (EBS) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
Environmental (EBS) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Environmental (EBS) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Environmental (EBS) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550
Equity Screen Brokerage CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Equity Screen Brokerage CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
Equity Screen Brokerage CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Equity Screen Brokerage IGX EQUIPMENT CISCO 1505225
Euro's London CHANNELIZED T1/ISDN PRI NP MODULE ,4500-M
FX Forward Mark CHANNELIZED T1/ISDN PRI NP MODULE ,4500-M
FX Forward Mark CISCO 2507,SW,2 CABLES
FX Forward Mark CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
FX Forward Mark IGX EQUIPMENT CISCO 1505225
FX Forward Mark MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
FX Forward Yen CHANNELIZED T1/ISDN PRI NP MODULE ,4500-M
FX Forward Yen CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
FX Forward Yen IGX EQUIPMENT CISCO 1505225
FX Forward Yen MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
FX Options-Exotic - NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
FX Options-Exotic - NY CWSIMGMT BUNDLE, SUNOS
FX Options-Exotic - NY IGX EQUIPMENT CISCO 1505225
FX Options-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
FX Options-NY IGX EQUIPMENT CISCO 1505225
FX Options-NY MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
GSB - SHARED COST(B-6C000) CHANNELIZED T1/ISDN PRI NP MODULE ,4500-M
GSB - SHARED COST(B-6C000) CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
GSB - SHARED COST(B-6C000) CISCO 4700,4MB,16MB,IP FEAT.,6PORT,MAINT.
GSB - SHARED COST(B-6C000) CISCO 2507,SW,2 CABLES
GSB - SHARED COST(B-6C000) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
GSB - SHARED COST(B-6C000) MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
GSB-Bills CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Bills IGX EQUIPMENT CISCO 1505225
GSB-CF Kross CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-CF Kross IGX EQUIPMENT CISCO 1505225
GSB-Intermediate CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Intermediate IGX EQUIPMENT CISCO 1505225
GSB-Long CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Long IGX EQUIPMENT CISCO 1505225
GSB-Odd Lots CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Odd Lots IGX EQUIPMENT CISCO 1505225
GSB-Proprietary Desk CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Proprietary Desk IGX EQUIPMENT CISCO 1505225
GSB-Short CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Short IGX EQUIPMENT CISCO 1505225
GSB-Short/Intermediate CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Short/Intermediate IGX EQUIPMENT CISCO 1505225
GSB-Spread Brokerage CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Spread Brokerage IGX EQUIPMENT CISCO 1505225
GSB-Swaps CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Swaps IGX EQUIPMENT CISCO 1505225
GSB-Volume Control CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Volume Control IGX EQUIPMENT CISCO 1505225
GSB-Zeros CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
GSB-Zeros IGX EQUIPMENT CISCO 1505225
Human Resources-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Human Resources-NY IGX EQUIPMENT CISCO 1505225
IES CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
IES IGX EQUIPMENT CISCO 1505225
IRS-CM IR Options CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
IRS-CM IR Options IGX EQUIPMENT CISCO 1505225
IRS-CM Mediums CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
IRS-CM Mediums IGX EQUIPMENT CISCO 1505225
IRS-CM SS/FRAS CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
IRS-CM SS/FRAS IGX EQUIPMENT CISCO 1505225
IRS-LONDON FRA CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
IRS-LONDON FRA IGX EQUIPMENT CISCO 1505225
Legal-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Legal-NY IGX EQUIPMENT CISCO 1505225
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 2507,SW,2 CABLES
Marketing-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MBSB-ARMS CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MBSB-CMOS CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MBSB-CMOS IGX EQUIPMENT CISCO 1505225
MBSB-GNMA CHANNELIZED T1/ISDN PRI NP MODULE ,4500-M
MBSB-GNMA CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MBSB-GNMA IGX EQUIPMENT CISCO 1505225
MBSB-REGIONALS CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MBSB-STRIPS CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MBSB-STRIPS IGX EQUIPMENT CISCO 1505225
MBSB-SUPPORT STAFF CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MBSB-SUPPORT STAFF IGX EQUIPMENT CISCO 1505225
MMI-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MMI-NY IGX EQUIPMENT CISCO 1505225
MUNIS-BID WANTED-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MUNIS-BID WANTED-NY IGX EQUIPMENT CISCO 1505225
MUNIS-DOLLAR REVENUE-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MUNIS-DOLLAR REVENUE-NY IGX EQUIPMENT CISCO 1505225
MUNIS-GENERAL OBLIGATIONS-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MUNIS-GENERAL OBLIGATIONS-NY IGX EQUIPMENT CISCO 1505225
MUNIS-NY & PR SERIALS & DOLLARS-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
MUNIS-NY & PR SERIALS & DOLLARS-NY IGX EQUIPMENT CISCO 1505225
MUNIS-SUPPORT-NY MS/16 W/16MB,340 IBM HD,3.5 FD,KYBD W/UART 16550 5/96
Office Services-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Office Services-NY IGX EQUIPMENT CISCO 1505225
OPS-EQUITIES(B-BF200) CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
OPS-EQUITIES(B-BF200) IGX EQUIPMENT CISCO 1505225
OTC Options-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
OTC Options-NY IGX EQUIPMENT CISCO 1505225
Projects CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Systems-NY SERVER SWITCH MODEL 5000
Systems-NY 9" EVM942 DUAL SCREEN WHITE COMPOSITE VIDEO MON
Tax-NY CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Tax-NY IGX EQUIPMENT CISCO 1505225
Training Dept. General CATALYST 5000 (CHASSIS,SUPERVISOR ENGINE) POEER,LIC,UPGRD
Training Dept. General IGX EQUIPMENT CISCO 1505225
Accounting-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Accounting-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Accounting-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Accounting-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Agencies QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Communications-NY IBM PC750 P100 16MB 540HD SELECTA 2/96
Corporate Bonds-Canadians QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Corp Convertible Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Industrials QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Intermediates QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Junks QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Med Term Notes QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Support QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Corporate Bonds-Utilities/tel/ret QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Credit QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Emerging Markets Brady Bonds CISCO 2507,SW,2 CABLES
Emerging Markets Brady Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Emerging Markets Brady Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Emerging Markets Brady Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Emerging Markets Brady Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Emerging Markets Euro Bonds QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
Equity Screen Brokerage QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Forward Mark CISCO 2507,SW,2 CABLES
FX Forward Mark QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Forward Yen QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Options-Exotic - NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Options-Exotic - NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Options-Exotic - NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Options-Exotic - NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
FX Options-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB - SHARED COST(B-6C000) CISCO 2507,SW,2 CABLES
GSB-Bills QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Bills QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-CF Kross QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-CF Kross QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-CF Kross QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-CF Kross QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Long CISCO 2507,SW,2 CABLES
GSB-Long QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Long QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Long QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Long QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Odd Lots QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Proprietary Desk QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short/Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short/Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short/Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Short/Intermediate QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Spread Brokerage QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Swaps QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Volume Control QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
GSB-Zeros QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
IRS-CM IR Options QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
IRS-CM Mediums QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
IRS-CM SS/FRAS QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
IRS-LONDON FRA QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 2507,SW,2 CABLES
MBSB-CMOS QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-GNMA QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-GNMA QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-STRIPS QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MBSB-SUPPORT STAFF QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MMI-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-BID WANTED-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-DOLLAR REVENUE-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-GENERAL OBLIGATIONS-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-NY & PR SERIALS & DOLLARS-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
MUNIS-SUPPORT-NY CISCO 2507,SW,2 CABLES
OPS-EQUITIES(B-BF200) QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
OPS-EQUITIES(B-BF200) QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
OPS-EQUITIES(B-BF200) QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
OPS-EQUITIES(B-BF200) QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
OTC Options-NY QUOTE - NYMETRO12409A SPARC5000 ULTRA QUAD CPU
SYSTEMS - TO BE ALLOCATED(B-BA500) POWER CORDS
Systems-NY 10" ELECTROHOME MONITOR - SPEC
Communications-NY SOFTWARE LICENSES-WINDOWS FACILITEIS PRODUCTS
Communications-NY SOFTWARE LICENSES-WINDOWS FACILITEIS PRODUCTS
Communications-NY IBM PC750, PENT-166, 16MB, 1.6GB EIDE HD, 6X CD-ROM
Emerging Markets Brady Bonds LINK BUILDER II SNMP MODULE
Emerging Markets Brady Bonds LINKBUILDER II 12 PORT HUB
Emerging Markets Brady Bonds 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
Emerging Markets Brady Bonds 3COM SNMP MANAGEMENT MODULE
Environmental (EBS) CISCO 2516 ETHERNET (14 HUB PORTS)
Equity Screen Brokerage CISCO 2516 ETHERNET (14 HUB PORTS)
FX Forward Yen CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) SUN TGX FRAME BUFFER BOARD
GSB - SHARED COST(B-6C000) MOTOROLA NT1
GSB - SHARED COST(B-6C000) IBM PCI ETHERNET NIC 30/PK
GSB-Odd Lots CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps MOTOROLA NT1
Headcount all BACK CARD / E1 (BC-E1)
Headcount all BACK CARD / T1 (BC-T1)
Headcount all SUN 2.1GB INT HD FOR A SPARC20
Headcount all COMPAQ 4.3GB FAST-SCSI2 HD
Headcount all COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
Headcount all COMPAQ SMART SCSI-2 ARRAY CONTROLLER
Headcount all COMPAQ 4.3GB FAST-SCSI2 HD
Headcount all COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
Headcount all COMPAQ 4.3GB FAST-WIDE SCSI-2 PLUGGABLE HARD DRIVE
Headcount all COMPAQ SMART SCSI-2 ARRAY CONTROLLER
Headcount NY IGX PROJECT NY PROGRAM MANAGEMENT
Human Resources-NY KINGSTON 4MB 30PIN PARITY SIMM (GATEWAY 2000 483/33C)
LONDON OFF THE RUNS (OTR)(B-6D000) CHANNELIZED T1/ISDN PRI NP MODULE
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 2500 SERIES IOS FEATURE SET
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 2516 ETHERNET (14 HUB PORTS)
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 4000 SERIES IOS IP FEATURE SET
LONDON OFF THE RUNS (OTR)(B-6D000) V.35 CABLE, DTE, MALE, 10 FEET
LONDON OFF THE RUNS (OTR)(B-6D000) MOTOROLA NT1
LONDON OFF THE RUNS (OTR)(B-6D000) IBM PCI ETHERNET NIC 30/PK
LONDON OFF THE RUNS (OTR)(B-6D000) IBM PCI ETHERNET NIC 30/PK
Project-Emerging Markets CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY IBM PC750 P133,16MB,1GB HD, SELECTA
Systems-NY IBM PC750 P166,16MB,1GB HD,SELECTA
Systems-NY IBM PC750 P166,16MB,1GB HD,SELECTA
Systems-NY IGX 16, 16 SLOT, RACKMOUNT, NPM-16, SCM
Systems-NY CISCO 2516 ETHERNET (14 HUB PORTS)
Systems-NY CISCO 2516 ETHERNET (14 HUB PORTS)
Systems-NY CISCO 4500-M MODULAR ROUTER-AC
Systems-NY SUN SPARC 5/110,32MB,1GB,20" MON
Systems-NY SUN SPARC 5/110,32MB,2GB HD, NO MON.
Systems-NY SPARC 5 4GB SCSI HD
Systems-NY 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
Systems-NY 3COM SNMP MANAGEMENT MODULE
Systems-NY ADTRAN EXPRESS XRT ISDN MODEM
Systems-NY IBM PC750 P166, 16MB PARITY, 1.2GB HD, SELECTA
Systems-NY NOKIA 17" TRINITRON MONITOR
Systems-NY HP LASERJET 5N PRINTER
Systems-NY IBM PCI ETHERNET NIC 30/PK
Systems-NY SEAGATE 2.1GB SCSI HARD DRIVE
Systems-NY HP DDS-2 8GB TAPEDRIVE
Systems-NY IBM 16MB PARITY MEMORY KIT
Systems-NY NOKIA 17" MONITOR
Systems-NY COMPAQ 4.3GB FAST-SCSI2 HD
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY HP LASERJET 5N PRINTER
Systems-NY IBM THINKPAD LAPTOP 365X P120
Systems-NY COMPAQ PROSIGNIA 500/150 MDL -1
Systems-NY HP SURESTORE 6000E
Systems-NY SONY 17" MONITOR
Systems-NY HP LASERJET 5N PRINTER
Systems-NY IBM 14" MONITOR
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 21" MONITOR
Systems-NY USR 28.8 EXT. MODEM
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
Systems-NY IBM PCI ETHERNET NIC 30/PK
Systems-NY IBM PCI ETHERNET NIC 30/PK
Systems-NY IBM 16MB PARITY MEMORY KIT
Systems-NY NOKIA 17" MONITOR
Systems-NY SEAGATE 2.5GB EIDE HARD DRIVE
Systems-NY HP LASERJET 5N PRINTER
Systems-NY HP LASERJET 5N PRINTER
Systems-NY 80KVA POWERWARE PLUS80 UPS
Systems-NY 12" ELECTROHOME MONITOR
Systems-NY PRO-VIDEO 9" B&W MONITOR
Systems-NY 16MB OPTION
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY 32MB 168-PIN PARITY DIMM GOLD 5V 60NS
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY NOKIA 17" MONITOR
Systems-NY 32MB 168-PIN PARITY DIMM GOLD 5V 60NS
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY NOKIA 17" MONITOR
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 17" MONITOR
Systems-NY TX PORT RACK MOUNTED CSU CARDS
Systems-NY IBM PC750, PENT-166, 32MB EDO MEM, 1.6GB HD, 6X CD ROM, NO SOFTWARE
Systems-NY IBM PC750, PENT-166, 32MB EDO MEM, 1.6GB HD, 6X CD ROM, NO SOFTWARE
Systems-NY IBM PC750, PENT-166, 32MB EDO MEM, 1.6GB HD, 6X CD ROM, NO SOFTWARE
Systems-NY IBM PC750, P166, 16MB, EIDE 1.2GB
Systems-NY IBM PC750, P166, 32MB, EIDE 1.6GB, 6X CDROM, MTRX CARD
Systems-NY IBM PC750, P166, 32MB, EIDE 1.6GB, 6X CDROM, MTRX CARD
Emerging Markets Brady Bonds LINK BUILDER II SNMP MODULE
Emerging Markets Brady Bonds LINKBUILDER II 12 PORT HUB
Headcount all BACK CARD / E1 (BC-E1)
Headcount all COMPAQ 4.3GB FAST-SCSI2 HD
Headcount all COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
Headcount all COMPAQ SMART SCSI-2 ARRAY CONTROLLER
Headcount all COMPAQ 4.3GB FAST-SCSI2 HD
Headcount all COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
Headcount all COMPAQ SMART SCSI-2 ARRAY CONTROLLER
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 2516 ETHERNET (14 HUB PORTS)
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM PCI ETHERNET NIC 30/PK
Systems-NY IGX 16, 16 SLOT, RACKMOUNT, NPM-16, SCM
Systems-NY CISCO 2516 ETHERNET (14 HUB PORTS)
Systems-NY HP LASERJET 5N PRINTER
Systems-NY HP LASERJET 5N PRINTER
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 21" MONITOR
Systems-NY USR 28.8 EXT. MODEM
Systems-NY IBM 16MB PARITY MEMORY KIT
Systems-NY NOKIA 17" MONITOR
Systems-NY SEAGATE 2.5GB EIDE HARD DRIVE
Systems-NY PRO-VIDEO 9" B&W MONITOR
Systems-NY USR SPORTSTER 33.6
Systems-NY 32MB 168-PIN PARITY DIMM GOLD 5V 60NS
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY NOKIA 17" MONITOR
Systems-NY 32MB 168-PIN PARITY DIMM GOLD 5V 60NS
Accounting-NY POWER SUPPLY FOR RM2100 840 WATT FOR RACKMOUNT 2100
Accounting-NY USED 460YR-AA ALPHA 2100 4/275 CPU FOR VMS FROM ALPHA SERVER 2100 4/200
Accounting-NY COMPAQ WIDE ULTRA SCSI2 INT 4.3GB HARD DRIVE
Accounting-NY COMPAQ WIDE ULTRA SCSI2 INT 4.3GB HARD DRIVE
Accounting-NY COMPAQ PROLIANT 2500 6/200 MODEL 4300 SERVER
Agencies IBM PCI ETHERNET NIC 30/PK
Communications-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Communications-NY KASSIE VOICE MAIL PORTS
Communications-NY IBM PC750 P166 1.2GB/16 EDO MEMORY
Communications-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Communications-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Communications-NY IOMEGA EXT. JAZZ DRIVE
Communications-NY IBM THINKPAD LAPTOP, P133, 1.08GB HD, 8MB
Communications-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Corporate Bonds-Canadians CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Corporate Bonds-Corp Convertible Bonds ASCEND PIPELINE P130-UBRI-L56
Corporate Bonds-High level Transaction CISCO 2516 ETHERNET (14 HUB PORTS)
Corporate Bonds-High level Transaction 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
Corporate Bonds-High level Transaction 3COM SNMP MANAGEMENT MODULE
Corporate Bonds-out of town CISCO 2516 ETHERNET (14 HUB PORTS)
Corporate-NY COMPAQ PROLIANT 2500 6/200 MODEL 4300 SERVER
Corporate-NY COMPAQ SMART SCSI-2 ARRAY CONTROLLER
Corporate-NY COMPAQ WIDE ULTRA SCSI2 INT 4.3GB HARD DRIVE
Emerging Markets Brady Bonds CISCO 2514 DUAL ETHERNET/DUAL SERIAL ROUTER
Emerging Markets Brady Bonds CISCO 4MB TO 8MB FLASH UPGRADE
Emerging Markets Brady Bonds CISCO2500 SERIES IOS IP ONLY FEATURE SET
Emerging Markets Brady Bonds OPTIONAL 4MB DRAM MEMORY
Emerging Markets Brady Bonds CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Emerging Markets Brady Bonds CISCO 2516 ETHERNET (14 HUB PORTS)
Emerging Markets Brady Bonds CISCO 2516 ETHERNET (14 HUB PORTS)
Emerging Markets Brady Bonds CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Emerging Markets Brady Bonds 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
Emerging Markets Brady Bonds 3COM SNMP MANAGEMENT MODULE
FX Forward Yen CISCO 2516 ETHERNET (14 HUB PORTS)
GSB - SHARED COST(B-6C000) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) CISCO 2516 ETHERNET (14 HUB PORTS)
GSB - SHARED COST(B-6C000) MOTOROLA NT1
GSB - SHARED COST(B-6C000) 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
GSB - SHARED COST(B-6C000) 3COM SNMP MANAGEMENT MODULE
GSB-CF Kross SEAGATE 2.1GB INTERNAL SCSI HD
GSB-Odd Lots CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Odd Lots CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Swaps CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Swaps MOTOROLA NT1
Headcount all NY PROJECTSTRATACOM
Headcount all CISCO 2500 SERIES IOS FEATURE SET
Headcount all CISCO 2514 DUAL ETHERNET/DUAL SERIAL ROUTER
Headcount all CVM ADPCM INTEGRATED E1 ECHO CANCELER
Headcount all CISCO 2500 SERIES IOS FEATURE SET
Headcount all CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Headcount all CISCO 2516 ETHERNET (14 HUB PORTS)
Headcount all V.35 CABLE, DTE, MALE, 10 FEET
Headcount all 6 ETHERNET PORTS 10BASE-T NP MODULE
Headcount all 2.1GB INTERNAL HARD DRIVE
Headcount all SUN 64MB SIMM EXPANSION (2X32)
Headcount all ULTRA 2 MODEL 2170
Headcount all CATALYST 5000 10/100BASETX FAST ETHERNET SWITCHING MODULE
Headcount all CATALYST 5000 10/100BASETX FAST ETHERNET SWITCHING MODULE
Headcount all CATALYST 5000 ETHERNET SWITCHING MODULE (10BASET, 24 INT.)
Headcount all CATALYST 5500 AC POWER SUPPLY
Headcount all CATALYST 5500 CHASSIS
Headcount all CATALYST 5500 SUPERVISOR FX - MMF
Headcount all CATALYST 5500 RMON AGENT LIC
Headcount all CISCO 700 6 PORT ETHERNET INTERFACE PROCESSOR
Headcount all IGX CVM ADPCM INTEGRATED T1 ECHO CANCELER
Headcount all IGX T1 BACK CARD FOR NTM
Headcount all 5RU CHASSIS
Headcount all 6PORT 2WIRE FXO
Headcount all 6PORT 2WIRE FXS
Headcount all 6PORT 4WIRE E & M
Headcount all CONTROL MODULE
Headcount all DUAL PORT E-1 MODULE
Headcount all SNMP MODULE W/PORT CABLE
Headcount all COMPAQ 4.3GB FAST-WIDE SCSI HARD DRIVE
Headcount all 2.1GB FAST SCSI HARD DRIVE FOR S10
Headcount all EIGHT PORT ETHERNET ENTERPRISE PROBE (32MB)
Headcount all FOUR PORT WAN / ETHERNET ENTERPRISE PROBE (32MB)
Headcount NY COMPAQ 10/100 NIC
Headcount NY SUN 2.1GB INT HD FOR A SPARC5
Headcount NY SUN FAST ETHERNET 10/100 SBUS ADAPTER
Headcount NY COMPAQ PROLIANT 2500 6/200 MODEL 4300 SERVER
Headcount NY COMPAQ SMART SCSI-2 ARRAY CONTROLLER
Headcount NY COMPAQ WIDE ULTRA SCSI2 INT 4.3GB HARD DRIVE
Headcount NY XYPLEX 20PORT ACCESS SERVER
Headcount UX SPARC ULTRA1-170, TX FRAME BUFFER 128MB RAM, 2.1GB HD, CDROM
Headcount VX READ/WRITE OPT. PLATTERS 512 BYTES / P.SEC
Headcount VX WRITE ONCE OPT. PLATTERS 512 BYTES/P.SEC
IES RAID 5300 UPGRADE FROM RAID 5100
IRS-CM SS/FRAS CISCO 2516 ETHERNET (14 HUB PORTS)
IRS-CM SS/FRAS CISCO 2516 16MB, FLASH
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 4500-M MODULAR ROUTER-AC
LONDON OFF THE RUNS (OTR)(B-6D000) 6 ETHERNET PORTS 10BASE-T NP MODULE
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 16MB UPGRADE, REPLACES 4MB SHARED MEMORY
MUNIS-BID WANTED-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
MUNIS-SUPPORT-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
SYSTEMS DATA LINES(B-BA100) 2000R EXTENDED SUPERFRAME (ESF) CSU
SYSTEMS DATA LINES(B-BA100) DUAL POWER SUPPLY SHELF W/ 9-1000-48V-1 SUPPLY
SYSTEMS DATA LINES(B-BA100) MODEL 1051 UNIVERSAL CHASSIS W/ DB25 FEMALE DTE CONNECTORS
SYSTEMS DATA LINES(B-BA100) RACK MOUNT 8100A WITHOUT MODEM, WITH ETHERNET
SYSTEMS DATA LINES(B-BA100) TXPORT 2000 ESF RACKMOUNT CSU
SYSTEMS DATA LINES(B-BA100) 16 PORT, 6K-ADDRESS, SNMP, FULL
SYSTEMS DATA LINES(B-BA100) 4 PORT 10BASE-T MODULE
SYSTEMS DATA LINES(B-BA100) CATALYST 3000 STACK PORT MODULE
SYSTEMS DATA LINES(B-BA100) CHANNELIZED T1/ISDN PRI NP MODULE
SYSTEMS DATA LINES(B-BA100) CISCO 2500 SERIES IOS FEATURE SET
SYSTEMS DATA LINES(B-BA100) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
SYSTEMS DATA LINES(B-BA100) CISCO 4000 SERIES IOS IP FEATURE SET
SYSTEMS DATA LINES(B-BA100) V.35 CABLE, DTE, MALE, 10 FEET
SYSTEMS DATA LINES(B-BA100) SUN S-BUS FAST SCSI/E-NET CARD
SYSTEMS DATA LINES(B-BA100) SUN SPARC 5/110,32MB,2GB HD, NO MON.
SYSTEMS DATA LINES(B-BA100) SUN TGX FRAME BUFFER BOARD
SYSTEMS DATA LINES(B-BA100) CISCO 16MB UPGRADE, REPLACES 4MB SHARED MEMORY
SYSTEMS DATA LINES(B-BA100) CISCO 2516 ETHERNET (14 HUB PORTS)
SYSTEMS DATA LINES(B-BA100) FRAME BUFFER FOR SUN ULTRA
SYSTEMS DATA LINES(B-BA100) SUN S-BUS FAST SCSI/E-NET CARD
SYSTEMS DATA LINES(B-BA100) SUN SPARC 5/110,32MB,2GB HD, NO MON.
SYSTEMS DATA LINES(B-BA100) CISCO 2516 ETHERNET (14 HUB PORTS)
SYSTEMS DATA LINES(B-BA100) CISCO 2516 ETHERNET (14 HUB PORTS)
SYSTEMS DATA LINES(B-BA100) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
SYSTEMS DATA LINES(B-BA100) 16MB UPGRADE, REPLACES 4/8 MB MAIN MEMORY (TOTAL 16MB)
SYSTEMS DATA LINES(B-BA100) 16MB UPGRADE, REPLACES 4B SHARED MEMORY (TOTAL 16MB)
SYSTEMS DATA LINES(B-BA100) 6 ETHERNET PORTS 10BASE-T NP MODULE
SYSTEMS DATA LINES(B-BA100) ADDITIONAL 4 MB OF FLASH EPROM (TOTAL 8 MB)
SYSTEMS DATA LINES(B-BA100) CHANNELIZED T1/ISDN PRI NP MODULE
SYSTEMS DATA LINES(B-BA100) CISCO 4500-M MODULAR ROUTER-AC
SYSTEMS DATA LINES(B-BA100) CISCO 4500/4700 IOS IP FEATURE SET
SYSTEMS DATA LINES(B-BA100) 8 LEAD OCTAL CABLE AND 8 FEMALE DB-25 TERMINAL
SYSTEMS DATA LINES(B-BA100) CISCO 2500 SERIES IOS IP ONLY FEATURE SET
SYSTEMS DATA LINES(B-BA100) CISCO ACCESS SERVER 2511 ETHERNET/DUAL SERIAL/16
SYSTEMS DATA LINES(B-BA100) 16MB UPGRADE, REPLACES 4/8 MB MAIN MEMORY (TOTAL 16MB)
SYSTEMS DATA LINES(B-BA100) 16MB UPGRADE, REPLACES 4B SHARED MEMORY (TOTAL 16MB)
SYSTEMS DATA LINES(B-BA100) 6 ETHERNET PORTS 10BASE-T NP MODULE
SYSTEMS DATA LINES(B-BA100) CHANNELIZED T1/ISDN PRI NP MODULE
SYSTEMS DATA LINES(B-BA100) CISCO 4500-M MODULAR ROUTER-AC
SYSTEMS DATA LINES(B-BA100) CISCO 4500/4700 IOS IP FEATURE SET
SYSTEMS DATA LINES(B-BA100) MICROSOLUTIONS MODEL #166550 PARALLEL PORT CDROM BACK PACK
SYSTEMS DATA LINES(B-BA100) ADVANCED MODULAR P100, 16MB, 810 HD, OS/2 WARP LOADED, KYBRD, MOUSE
SYSTEMS DATA LINES(B-BA100) ADTRAN DSU III AR MODEM
SYSTEMS DATA LINES(B-BA100) 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
SYSTEMS DATA LINES(B-BA100) 3COM SNMP MANAGEMENT MODULE
SYSTEMS DATA LINES(B-BA100) MOTOROLA NT1
SYSTEMS DATA LINES(B-BA100) ADTRAN DSU III AR MODEM
SYSTEMS DATA LINES(B-BA100) ADTRAN DSU III AR MODEM
SYSTEMS DATA LINES(B-BA100) IBM PC750 P166, 16MB EDO, 1.2GB HD
SYSTEMS DATA LINES(B-BA100) IBM PC750 P166 1.2GB/16 EDO MEMORY
SYSTEMS DATA LINES(B-BA100) IBM PCI ETHERNET NIC 30/PK
SYSTEMS DATA LINES(B-BA100) IBM PC750 P166, 16MB EDO, 1.2GB HD
SYSTEMS DATA LINES(B-BA100) 10" ELECTROHOME MONITOR
SYSTEMS DATA LINES(B-BA100) 12" ELECTROHOME MONITOR
SYSTEMS DATA LINES(B-BA100) 12" ELECTROHOME MONITOR
SYSTEMS DATA LINES(B-BA100) TX PORT RACK MOUNTED CSU CARDS
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY SUN SPARC 5 WORKSTATION 17" ENTRY COLOR MONITOR 32MEG RAM, 2.1 GIG HD
Systems-NY 32MB MEMORY KIT FOR SPARC 5
Systems-NY SUN S-BUS FAST SCSI/E-NET CARD
Systems-NY 4PR 24AWG SOLID PLEN BLUE CAT5 (28,000')
Systems-NY 4PR 24AWG SOLID PLEN YELLOW CAT5 (14,000')
Systems-NY WIRE MANAGER (VERTICAL) MOD TAP
Systems-NY 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
Systems-NY ADTRAN DSU III AR MODEM
Systems-NY ADTRAN DSU III AR MODEM
Systems-NY NOKIA 17" MONITOR
Systems-NY IBM PC750 P166 1.2GB/16 EDO MEMORY
Systems-NY IBM PC750, P166, 32MB, EIDE 1.6GB, 6X CDROM, MTRX CARD
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 17" MONITOR
Systems-NY IBM PC750, P166, 32MB, EIDE 1.6GB, 6X CDROM, MTRX CARD
Systems-NY NOKIA 17" MONITOR
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY SUN 10/100 SBUS CARD
Systems-NY IBM 14" MONITOR
Systems-NY IBM NIC CARD (30 PACK)
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY COMPAQ 64 MB MEMORY UPGRADE KIT
Systems-NY COMPAQ FAST & WIDE SCSI 2 HARDDRIVE
Systems-NY 12" ELECTROHOME MONITOR
Systems-NY 10" ELECTROHOME MONITOR
Systems-NY XIRCOM POCKET ETHERNET ADAPTER III (PE3)
Systems-NY MOTOROLA GP350 16 CHANNEL UHF RADIO
Systems-NY MOTOROLA GP350 16 CHANNEL UHF RADIO
Systems-NY 32MB 168-PIN PARITY DIMM GOLD 5V 60NS
Systems-NY IBM 2.16GB HARD DRIVE
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 17" MONITOR
Systems-NY IBM 14" MONITOR
Systems-NY NOKIA 21" MONITOR
Systems-NY IBM PC750, P166, 16MB, EIDE 1.2GB
Systems-NY IBM PC750, P166, 32MB, EIDE 1.6GB, 6X CDROM, MTRX CARD
SYSTEMS DATA LINES(B-BA100) SEAGATE BARACUDA 9GB DRIVE
Systems-NY ADVANCED MODULAR P100, 16MB, 810 HD, OS/2 WARP LOADED, KYBRD, MOUSE
Systems-NY MOTOROLA NT1
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY IBM NIC CARD (30 PACK)
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY SEAGATE MEDALIST PRO EIDE HARD DRIVE 2.5GB
Systems-NY PRO-VIDEO 9" B&W MONITOR
Systems-NY NOKIA 17" MONITOR
Systems-NY SEAGATE BARACUDA 9GB DRIVE
Systems-NY SONY 24GB EXT DDS-3 DAT DRIVE
Headcount NY IBM PCI ETHERNET NIC 30/PK
SYSTEMS DATA LINES(B-BA100) IBM PC750, P166, 16MB, EIDE 1.2GB
Systems-NY KONFIG NETWORK MANAGER
Systems-NY SYST CONFIG - LOAD 0S/2 PARTITION,BOOT,NIC
Systems-NY IBM NIC CARD (30 PACK)
Systems-NY PRO-VIDEO 9" B&W MONITOR
Systems-NY IBM 2.16GB HARD DRIVE
Systems-NY NOKIA 17" MONITOR
Headcount all CISCO 2500 SERIES IOS IP ONLY FEATURE SET
Headcount all OPTIONAL 8MB DRAM MEMORY
Headcount NY IBM PCI ETHERNET NIC 30/PK
Systems-NY IBM 9516 FLAT PANEL MONITOR
Systems-NY 32MB MEMORY KIT FOR SPARC 5
Systems-NY SUN 128MB RAM KIT
Systems-NY SUN 64MB SIMM EXPANSION (2X32)
Systems-NY SUN QUAD NIC-100BT EHERNET CARD
Systems-NY SUN ULTRA 1 170MHZ
Systems-NY SUN ULTRA VIDEO
Systems-NY CISCO ACCESS SERVER 2509 ETHERNET/DUAL SERIAL/8 ASYNC
Systems-NY MOTOROLA UTA 220
Systems-NY WYSE WIN TERM 2300T WT BOOT
Systems-NY DIGITAL VT525 VIDEO TERMINAL
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY WD 2.5 GB INT EIDE HD
Systems-NY MOTOROLA GP350 16 CHANNEL UHF RADIO
Systems-NY MOTOROLA GP350 16 CHANNEL UHF RADIO
Systems-NY TOSHIBA TECRA 530 CDT LAPTOP
Systems-NY KME 10" BEIGE 915-40 khz) COLOR STACKABLE MONITOR
LONDON OFF THE RUNS (OTR)(B-6D000) MOTOROLA NT1
Office Services-NY IBM PCI ETHERNET NIC 30/PK
SYSTEMS - TO BE ALLOCATED(B-BA500) ADVANCED MODULAR P100, 16MB, 810 HD, OS/2 WARP LOADED, KYBRD, MOUSE
SYSTEMS DATA LINES(B-BA100) SEAGATE BARACUDA 9GB DRIVE
SYSTEMS DATA LINES(B-BA100) IBM PC750, P166, 16MB, EIDE 1.2GB
Systems-Mercury Teledata-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM, NIC
Systems-NY PC Equipment
Systems-NY SUN ULTRA 1 170MHZ
Systems-NY ADVANCED MODULAR P100, 16MB, 810 HD, OS/2 WARP LOADED, KYBRD, MOUSE
Systems-NY ADTRAN 1200 RACK MOUNT TSU
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY SEAGATE MEDALIST PRO EIDE HARD DRIVE 2.5GB
Systems-NY NOKIA 17" MONITOR
Systems-NY SEAGATE BARACUDA 9GB DRIVE
Systems-NY SONY 24GB EXT DDS-3 DAT DRIVE
CANTOR DIGITAL SPEED(B-AV007) C SET ++ FOR AIX V3.1.4
ITD-Sales General MS Office Pro full package
SYSTEMS DATA LINES(B-BA100) 12" Electrohome Monitors
Systems-NY Visibroker Naming % Events Service
Systems-NY IBM 14" Monitor
Systems-NY Iiyama 17" Monitor
Systems-NY JBuilder Client Server Rational Rose Java
Systems-NY Microsoft Visual Ed
Systems-NY Neostation Monitor
Systems-NY 4 MB VIDEO CARD
Systems-NY Internetwork Design Course
Systems-NY Motorola UHF Hand Radio
Systems-NY Rasterops 20" color MOnitor
Systems-NY Windows NT Seminar
ITD-Chicago SunSparc 64MB RAM
MMI-NY Compaq Smart Controller
SYSTEMS - TO BE ALLOCATED(B-BA500) OTHER ASSETS UNDER $500
Systems-NY OTHER ASSETS UNDER $500
Systems-NY IBM PC365 w/ 1.6GB Hard Drive
Systems-NY Cisco desktop Switching module
Systems-NY 3com Superstack Linkbuilder
Tax-NY Computer Software package
Systems-NY HP Vectra PC
Systems-NY Hard Drive SPARC 5 4GB
SYSTEMS - TO BE ALLOCATED(B-BA500) KME 14" BEIGE COLOR STACKABLE MONITOR
Systems-NY SSL Developers Kit 4.0.2 (Solaris)
Canadians Coupons-Toronto MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB - SHARED COST(B-6C000) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Odd Lots CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Swaps CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Swaps CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps MOTOROLA NT1
MBSB-GNMA CISCO 2516 ETHERNET (14 HUB PORTS)
MBSB-GNMA MOTOROLA NT1
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM PC750 P100,16MB,1GB,SELECTA
Systems-NY 10" ELECTROHOME MONITOR
Systems-NY 12" ELECTROHOME MONITOR
Systems-NY ADTRAN DSU III AR MODEM
Systems-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY CISCO 2516 ETHERNET (14 HUB PORTS)
Systems-NY HP LASERJET 4 PLUS PRINTER
Systems-NY HP LASERJET 4 PRINTER
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY IBM 14" MONITOR MODEL G42
Systems-NY IBM PC365 P200, 32 MB, 1.6GB HD
Systems-NY IBM PC365 P200, 32MB, 1.6GB HD
Systems-NY IBM PC730 P90 16MB, 540HD, WIN
Systems-NY IBM PC750 P100,16MB,1GB,SELECTA
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY IBM PC750 P90 16MB, 540HD, WIN
Systems-NY MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Systems-NY MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 21" MONITOR
Systems-NY OKIDATA ML184 TURBO PRINTER W/SERIAL INTERFACE
Systems-NY SONY 17" MONITOR
Systems-NY USR SPORTSTER 33.6
Systems-NY WD 2.5 GB INT EIDE HD
CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Canadians Coupons-Toronto MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
CONNECTICUT SALES GENERAL CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Emerging Markets Brady Bonds MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB - SHARED COST(B-6C000) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) CISCO 2516 ETHERNET (14 HUB PORTS)
GSB - SHARED COST(B-6C000) MOTOROLA NT1
GSB - SHARED COST(B-6C000) MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB - SHARED COST(B-6C000) MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB-CF Kross MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB-CF Kross SUN ULTRA 270 MHZ 4G
GSB-CURVE(B-63CUR) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Odd Lots MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB-Swaps CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Swaps MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Headcount all CREDIT FROM CISCO, INC
IRS-CM Mediums MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
IRS-CM SS/FRAS MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
LDC Options CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Munis NY PR SUN ULTRA 256MB 2.1GB
MUNIS-BID WANTED-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY 12" ELECTROHOME MONITOR
Systems-NY ADVANCED MODULAR P100, 16MB, 810 HD, OS/2 WARP LOADED, KYBRD, MOUSE
Systems-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY CISCO 2516 ETHERNET (14 HUB PORTS)
Systems-NY COMPAQ PROLIANT 2500 6/200 64MB, 512K CACHE
Systems-NY HP VECTRA VL7 PII 266 MHZ, 64MB, 4.3GB HD, 24X CD ROM, MATROX II, NT 4.0
Systems-NY IBM 14" MONITOR
Systems-NY IBM PC365 P200, 32 MB, 1.6GB HD
Systems-NY IBM PC750 P100,16MB,1GB,SELECTA
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY IBM PC750 P166, 16MB PARITY, 1.2GB HD, SELECTA
Systems-NY IBM PC750 P90 16MB, 540HD, WIN
Systems-NY IBM VP486 16MB, 365MB HD, NIC
Systems-NY MOTOROLA NT1
Systems-NY MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Systems-NY MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Systems-NY NOKIA 15" MONITOR
Systems-NY NOKIA 17" MONITOR
Systems-NY OKIDATA ML 321 PRINTER IBM PARALLEL
Systems-NY SONY 17" MONITOR
CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
CISCO 2516 ETHERNET (14 HUB PORTS)
Central Development IBM PC750 P100,16MB,1GB,SELECTA
CONNECTICUT SALES GENERAL CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
CONNECTICUT SALES GENERAL CISCO CATALYST 5000 CHASSIS
EM SUPPORT(B-EM350) MS/16W/16MB, 340 IBM HD, 3.5 FD
Emerging Markets Brady Bonds MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Equities Development JBUILDER V2.0 CLT/SVR WINNT 95
FX Options-Exotic - NY MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB - SHARED COST(B-6C000) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) CISCO 2516 ETHERNET (14 HUB PORTS)
GSB - SHARED COST(B-6C000) MOTOROLA NT1
GSB - SHARED COST(B-6C000) MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB - SHARED COST(B-6C000) SCM BOX W/2 VIDEO CABLES
GSB-CF Kross CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-CF Kross MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB-CF Kross MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB-CF Kross MS/16W/16MB, 340 IBM HD, 3.5 FD
GSB-CF Kross SCM BOX W/2 VIDEO CABLES
GSB-CF Kross CATALYST 5000 CHASSIS
GSB-Swaps CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB-Swaps MS/16W/16MB, 340 IBM HD, 3.5 FD
Infrastructure MSC-2 MSC SOFTWARE/MODEL 2
Infrastructure IBM PC750, PENT-166, 32MB EDO MEM, 1.6GB HD, 6X CD ROM, NO SOFTWARE
Infrastructure MOTOROLA NT1
Infrastructure SONY 20" MULTISCAN .TRINITRON .MONITOR
Infrastructure DBA CONSOLE VIEWER ANALYZER
Infrastructure FRAME RELAY MODULE
Infrastructure NETWORK TRUNK MODULE
Infrastructure
Project-Emerging Markets CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
SYSTEMS - TO BE ALLOCATED(B-BA500) HP LASERJET III PRINTER
SYSTEMS - TO BE ALLOCATED(B-BA500) NOKIA 17" MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) OKIDATA ML184 TURBO PRINTER W/SERIAL INTERFACE
SYSTEMS - TO BE ALLOCATED(B-BA500) SONY 17" MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) SONY 20" MULTISCAN .TRINITRON .MONITOR
Systems-NY 10" COLOR MONITOR (METAL)
Systems-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY CISCO CATALYST 5000 CHASSIS
Systems-NY HP LASERJET 4 PLUS PRINTER
Systems-NY IBM PC750 P100,16MB,1GB,SELECTA
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY IBM PC750 P166, 16MB PARITY, 1.2GB HD, SELECTA
Systems-NY IBM VP486/66 16MB, 365MB HD, NIC
Systems-NY MOTOROLA NT1
Systems-NY MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Systems-NY NOKIA 17" MONITOR
Systems-NY SONY 17" MONITOR
Tokyo-Back Office MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Tokyo-Back Office MS/16W/16MB, 340 IBM HD, 3.5 FD
CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
CISCO 2516 ETHERNET (14 HUB PORTS)
MOTOROLA NT1
103 PROJECT(B-AZ600) XYPLEX 20PORT ACCESS SERVER
Architecture Server Equipment
CDS IBM PC750 P166, 16MB EDO, 1.2GB HD
CDS USR 28.8 EXT. MODEM
CDS CHANNELIZED MODLE
CDS MODULAR ROUTER, IOS IP PLUS UPGRADES
Central Development DEC VT420 TERMINAL
Central Development HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Central Development IBM 15" P50 MONITOR
Central Development IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Central Development IBM PC750, P166, 32MB, EIDE 1.6GB, 6X CDROM, MTRX CARD
Central Development NOKIA 15" MONITOR
Central Development NOKIA 17" MONITOR
Central Development SYBASE SOFTBASE
Communications-NY IBM PC750 P90 16MB, 540HD, WIN
EM South african Gilts CATALYST 3000 16 PORT, 6K-ADDRESS, SNMP, FULL
Emerging Markets Brady Bonds MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
FCM DESK Commun cards w/ breakout cable
Fixed Income Development HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM, NIC
Fixed Income Development HP VECTRA VL7 PII 266MHZ 64MB, 6.4GB HD, 24X CD ROM, MATROX II, NT 4.0 MINITOWER
Fixed Income Development IBM 14" MONITOR
Fixed Income Development IBM PC750 P133 16MB, 1GB HD
Fixed Income Development IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Fixed Income Development IBM PC750, P166, 16MB, 1.2GB EIDE HD
Fixed Income Development SONY 20" MULTISCAN .TRINITRON .MONITOR
Fixed Income Development USR 14.4 EXT. MODEM
Futures-CME Chicago CISCO 2516 ETHERNET (14 HUB PORTS)
Futures-CME Chicago MOTOROLA NT1
Futures-CME Chicago MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Futures-CME Chicago XYPLEX 20PORT ACCESS SERVER
FX Options-NY MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB - SHARED COST(B-6C000) 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
GSB - SHARED COST(B-6C000) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB Chicago CISCO 2514 DUAL ETHERNET/DUAL SERIAL ROUTER
GSB Chicago CISCO CATALYST 5002 CHASSIS WITH DUAL POWER SUPPLY
GSB-CF Kross CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-CURVE(B-63CUR) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Intermediate MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB-Odd Lots MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB-Proprietary Desk CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Swaps CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Swaps MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Infrastructure 10" KME MONITOR
Infrastructure 12" ELECTROHOME MONITOR
Infrastructure 3COM LINKBUILDER II FMS HUB WITH 24 PORTS
Infrastructure ADVANCED MODULAR P100, 16MB, 810 HD, OS/2 WARP LOADED, KYBRD, MOUSE
Infrastructure CATALYST 3000 16 PORT, 6K-ADDRESS, SNMP, FULL
Infrastructure CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Infrastructure CISCO CATALYST 5002 CHASSIS WITH DUAL POWER SUPPLY
Infrastructure COMPAQ PROLIANT 3000 6/333 512K 64MB SERVER
Infrastructure DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
Infrastructure HP DESIGNJET 350C PLOTTER 36"
Infrastructure HP LASER JET 5SI MX
Infrastructure HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Infrastructure IBM 14" MONITOR
Infrastructure IBM 14" MONITOR MODEL G42
Infrastructure IBM PC365 P200, 32MB, 1.6GB HD
Infrastructure IBM PC750 90 16MG, 540 HD, D/W/OSW
Infrastructure IBM PC750 P100,16MB,1GB,SELECTA
Infrastructure IBM PC750 P166 1.2GB/16 EDO MEMORY
Infrastructure IBM PC750 P166, 16MB EDO, 1.2GB HD
Infrastructure IBM PC750 P90 16MB, 540HD, WIN
Infrastructure IBM PC750, P166, 16MB, 1.2GB EIDE HD
Infrastructure IIYAMA 21" MONITOR (A102GT)
Infrastructure MICROSOLUTIONS MODEL #166550 PARALLEL PORT CDROM BACK PACK
Infrastructure NOKIA 17" MONITOR
Infrastructure SONY 17" MONITOR
Infrastructure SONY 20" MULTISCAN .TRINITRON .MONITOR
Infrastructure SUN SPARC 5/110,32MB,2GB HD,NO MON.
Infrastructure SUN SPARC 5/FX170 16MG, 535HD, 17" MON, FRAME BUFFER
Infrastructure SUN ULTRA 1 170MHZ
Infrastructure US ROBOTICS EXT. 56K MODEM
Infrastructure ZYXEL MODEM (U1496S+UNIV,W/ZFAX MODEM)
Infrastructure BUS HOSTESS 4-POR
Infrastructure Field service call
Infrastructure REWRITABLE SCSI CD ROM
Infrastructure 24G EXT DAT SCSI- 4MM TAPE CART
Infrastructure ADAPTIVE SRV ENT 11.5+ UPGRADE
IRS-CM SS/FRAS MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
ITD Sales-LA COMPAQ PROLIANT 3000 6/333 512K 64MB SERVER
MUNIS-BID WANTED-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Power CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
SYSTEMS - TO BE ALLOCATED(B-BA500) 12" ELECTROHOME MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
SYSTEMS - TO BE ALLOCATED(B-BA500) HP LASER JET 5SI MX
SYSTEMS - TO BE ALLOCATED(B-BA500) HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM 14" MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM PC750 P100,16MB,1GB,SELECTA
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM VP486 16MB, 365MB HD, NIC
SYSTEMS - TO BE ALLOCATED(B-BA500) OSICOM 486 PC
SYSTEMS - TO BE ALLOCATED(B-BA500) SONY 17" MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) P6350 100MHZ 4MB 512 CACHE
SYSTEMS - TO BE ALLOCATED(B-BA500) P6350 100MHZ 4 MB 512 CACHE
SYSTEMS - TO BE ALLOCATED(B-BA500) P6359 100MHZ 4MB 512 CACHE
SYSTEMS - TO BE ALLOCATED(B-BA500) MODULAR AX AND ADMIN GUIDE
SYSTEMS - TO BE ALLOCATED(B-BA500) 8 MB DRAM SIMM
Systems Administration HP LJIII PRINTER
Systems Administration HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems Administration NOKIA 17" MONITOR
Systems-Mercury Teledata-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM, NIC
Systems-Mercury Teledata-NY SUN SPARC 5/FX170 16MG, 535HD, 17" MON, FRAME BUFFER
Systems-NY DIGITAL VT 520 TERMINAL
Systems-NY 10" ELECTROHOME MONITOR
Systems-NY 10" KME MONITOR
Systems-NY 12" ELECTROHOME MONITOR
Systems-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY CISCO 2514 DUAL ETHERNET/DUAL SERIAL ROUTER
Systems-NY DEC VT420 TERMINAL
Systems-NY HP LASERJET 4 PLUS PRINTER
Systems-NY HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Systems-NY HP VECTRA VL6 P2/266 32MB,4GB HD,24XCD,MATROX,NT4.0
Systems-NY HP VECTRA VL7 PII 266MHZ 64MB, 6.4GB HD, 24X CD ROM, MATROX II, NT 4.0 MINITOWER
Systems-NY IBM 14" MONITOR
Systems-NY IBM 14" MONITOR MODEL G42
Systems-NY IBM 15" P50 MONITOR
Systems-NY IBM PC365 P200, 32MB, 1.6GB HD
Systems-NY IBM PC750 90 16MG, 540 HD, D/W/OSW
Systems-NY IBM PC750 P100, 16MB PARITY, 1.2GB HD, SELECTA
Systems-NY IBM PC750 P100,16MB,1GB,SELECTA
Systems-NY IBM PC750 P133 16MB, 1GB HD
Systems-NY IBM PC750 P166 1.2GB/16 EDO MEMORY
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY IBM PC750 P90 16MB, 540HD, WIN
Systems-NY IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Systems-NY IBM PC750, P166, 16MB, EIDE 1.2GB
Systems-NY IBM VP486 16MB, 365MB HD, NIC
Systems-NY MICROSOLUTIONS MODEL #166550 PARALLEL PORT CDROM BACK PACK
Systems-NY NOKIA 17" MONITOR
Systems-NY OSICOM 486 PC
Systems-NY SONY 17" MONITOR
Systems-NY SONY 20" MULTISCAN .TRINITRON .MONITOR
Systems-NY SUN SPARC 5/110,32MB,2GB HD,NO MON.
Systems-NY SUN SPARC 5/FX170 16MG, 535HD, 17" MON, FRAME BUFFER
Systems-NY SUN ULTRA 1 170MHZ
Systems-NY US ROBOTICS EXT. 56K MODEM
Systems-NY USR 14.4 EXT. MODEM
Systems-NY USR 28.8 EXT. MODEM
CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
CISCO 2516 ETHERNET (14 HUB PORTS)
MOTOROLA NT1
Architecture SUN VISUAL WORKSHOP
CDS SONY 17" MONITOR
Central Development CREATIVE LABS SOUNDBLASTER 32X CD ROM
Central Development NOKIA 17" MONITOR
Communications-NY IBM PC750, P166, 32MB, EIDE 1.6GB, 6X CDROM, MTRX CARD
EM ADR SUN ULTRA 5 270MHZ PGX GRAPHICS 4.3GHD 128MG 24X CD
Fixed Income Development IBM PC750, P166, 1.6GB EIDE HD, 6X CD ROM, 4MB MTX
Futures-CME Chicago CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Futures-CME Chicago CISCO 2516 ETHERNET (14 HUB PORTS)
Futures-CME Chicago MOTOROLA NT1
FX Forward Yen CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
FX Options-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) CISCO 2516 ETHERNET (14 HUB PORTS)
GSB - SHARED COST(B-6C000) MOTOROLA NT1
GSB - SHARED COST(B-6C000) MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB Chicago CISCO 2516 ETHERNET (14 HUB PORTS)
GSB Chicago MOTOROLA NT1
GSB Chicago SUN SPARC 5/FX170 16MG, 535HD, 17" MON, FRAME BUFFER
GSB Chicago CATALYST 5002 CHASSIS
GSB-Bills CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-CF Kross CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Proprietary Desk CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Proprietary Desk CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Proprietary Desk MOTOROLA NT1
GSB-Swaps CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Swaps CISCO 2516 ETHERNET (14 HUB PORTS)
Infrastructure ADTRAN 1200023L1 SMART 16 SHELF
Infrastructure ADTRAN DSU III AR MODEM
Infrastructure CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Infrastructure CISCO 2516 ETHERNET (14 HUB PORTS)
Infrastructure DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
Infrastructure HP LASER JET 5SI MX
Infrastructure HP LASERJET III PRINTER
Infrastructure KME 10" BEIGE COLOR STACKABLE MONITOR
Infrastructure NOKIA 17" MONITOR
Infrastructure SONY 17" MONITOR
Infrastructure SONY 20" MULTISCAN .TRINITRON .MONITOR
Infrastructure SUN ULTRA 5 270MHZ PGX GRAPHICS 4.3GHD 128MG 24X CD
Infrastructure EVOLUTION 4
Infrastructure DELPHI V3.0 NEW USER CLIENT /SRV(21303)
Infrastructure INTELLISYNK FOR PALM PILOT V1.05/PUMA TE
Infrastructure VISIONDISK PENT-223 MMX 4.3GB 32MB
Infrastructure BACKUP EXEC FOR WIN NT SNGL SVR ED V7.0
Infrastructure SYSTEMS ACCEPTANCE CONTRACT
IRS-CM SS/FRAS MOTOROLA NT1
ITD Sanfran COMPAQ PROLIANT 3000 6/333 512K 64MB SERVER
ITD-Chicago COMPAQ PROLIANT 3000 6/333 512K 64MB SERVER
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO 2516 ETHERNET (14 HUB PORTS)
LONDON OFF THE RUNS (OTR)(B-6D000) MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
MMI-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Project-Emerging Markets CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Sec Lending-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Sec Lending-NY CISCO 2516 ETHERNET (14 HUB PORTS)
SYSTEMS - TO BE ALLOCATED(B-BA500) ADTRAN 1200023L1 SMART 16 SHELF
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL DUAL NIC OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM 14" MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM PC750 P90 16MB, 540HD, WIN
SYSTEMS - TO BE ALLOCATED(B-BA500) KME 14" BEIGE COLOR STACKABLE MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) SONY 17" MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) SUN 17" MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) SUN SPARC 5/FX170 16MG, 535HD, 17" MON, FRAME BUFFER
SYSTEMS - TO BE ALLOCATED(B-BA500) KME STACKABLE MONITOR, KME 14" STACKABLE MONTOR
Systems Data Processing-LA CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY DIGITAL VT 520 TERMINAL
Systems-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Systems-NY IBM 14" MONITOR
Systems-NY IBM 14" MONITOR MODEL G42
Systems-NY NOKIA 21" MONITOR
Systems-NY SONY 17" MONITOR
Systems-NY SONY 20" MULTISCAN .TRINITRON .MONITOR
Systems-NY SUN 17" MONITOR
Tokyo-Back Office SUN SPARC 5/FX170 16MG, 535HD, 17" MON, FRAME BUFFER
CISCO 2505 DUAL ETHERNET/DUAL SERIAL ROUTER
CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
CISCO 2516 ETHERNET (14 HUB PORTS)
CISCO ACCESS SERVER 2509 ETHERNET/DUAL SERIAL/8 ASYNC
MOTOROLA NT1
SCM BOX W/2 VIDEO CABLES
103 PROJECT(B-AZ600) CISCO ACCESS SERVER 2511 ETHERNET/DUAL SERIAL/16
103 PROJECT(B-AZ600) RCI MASTER CONSOLE 8 PORT SWITCH SERVER
Accounting-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Accounting-NY RCI MASTER CONSOLE 8 PORT SWITCH SERVER
Agencies CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
CDS ADTRAN DSU III AR MODEM
CDS SONY 20" MULTISCAN .TRINITRON .MONITOR
CDS WD 2.5 GB INT EIDE HD
CDS ABODE PHOTOSHOP V5.0 W95/NT
Central Development DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
Central Development HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Central Development IBM 14" MONITOR
Central Development NOKIA 17" MONITOR
Central Development SONY 17" MONITOR
Central Development US ROBOTICS EXT. 56K MODEM
Communications-NY DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
CONNECTICUT SALES GENERAL CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Corporate Bonds-Support CISCO 2516 ETHERNET (14 HUB PORTS)
Corporate Bonds-Support MOTOROLA NT1
Corporate-NY CISCO 2505 ROUTER, IOS IP SET, CABLE
EM ADR CISCO 2516 ETHERNET (14 HUB PORTS)
EM SUPPORT(B-EM350) CISCO 2516 ETHERNET (14 HUB PORTS)
Emerging Markets Brady Bonds CISCO 2505 DUAL ETHERNET/DUAL SERIAL ROUTER
Emerging Markets Brady Bonds CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Emerging Markets-Mexican Desk MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
Fixed Income Development DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
Fixed Income Development IBM PC750, P166, 16MB, 1.2GB EIDE HD
FX Options-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) ACCTON 8 PORT HUB
GSB - SHARED COST(B-6C000) CISCO 2505 DUAL ETHERNET/DUAL SERIAL ROUTER
GSB - SHARED COST(B-6C000) CISCO 2505 ROUTER, IOS IP SET, CABLE
GSB - SHARED COST(B-6C000) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB - SHARED COST(B-6C000) CISCO 2514 DUAL ETHERNET/DUAL SERIAL ROUTER
GSB - SHARED COST(B-6C000) CISCO 2516 ETHERNET (14 HUB PORTS)
GSB - SHARED COST(B-6C000) CISCO 2516 ETHERNET (14 HUB PORTS) DUAL SERIAL/ISDN-BRI
GSB - SHARED COST(B-6C000) COMPAQ PROLIANT 3000 6/333 512K 64MB SERVER
GSB - SHARED COST(B-6C000) MOTOROLA NT1
GSB - SHARED COST(B-6C000) MOTOROLA NT1D NETWORK TERMINATION DEVICE
GSB - SHARED COST(B-6C000) MS/16 W/16MB, 340 IBM HD, 3.5 FD, KYBD W/UART 16550
GSB - SHARED COST(B-6C000) SCM BOX W/2 VIDEO CABLES
GSB - SHARED COST(B-6C000) SUN ULTRA 5 MODEL 270 WORKSTATION 128MB PGX24 4GB CD
GSB Chicago CISCO ACCESS SERVER 2509 ETHERNET/DUAL SERIAL/8 ASYNC
GSB-CF Kross 3COM SUPERSTACK LINKBUILDER II FMS HUB WITH 24 PORTS WITH SNMPMANAGEMENT MODULE
GSB-CF Kross CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
GSB-Proprietary Desk CISCO 2516 ETHERNET (14 HUB PORTS)
GSB-Swaps CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Infrastructure 10" ELECTROHOME MONITOR
Infrastructure 12" ELECTROHOME MONITOR
Infrastructure 12" REFURBISHED STACKABLE MONITOR BLACK INCLUDES 1YR WARRANTY
Infrastructure 15" METAL CASE STACKABLE MONITOR
Infrastructure ADTRAN DSU III AR MODEM
Infrastructure ADTRAN TSU V.35 RACK MOUNT CARD
Infrastructure CISCO 2505 DUAL ETHERNET/DUAL SERIAL ROUTER
Infrastructure CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Infrastructure CISCO 2511 CISCO ACCESS SERVER 2511 ETHERNET DUAL SERIAL 1/16 ASYNC
Infrastructure COLORGRAPH EVOLUTION 2 DUAL PORT PCI VIDEO CARD
Infrastructure COMPAQ PROLIANT 3000 6/333 512K 64MB SERVER
Infrastructure DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
Infrastructure HP LASERJET4SI PRINTER
Infrastructure HP VECTRA VA PENT PRO 200, 2.5GB HD, 32MB RAM, 8X CDROM
Infrastructure IBM 14" MONITOR
Infrastructure IBM 14" MONITOR MODEL G42
Infrastructure IBM PC750 P166, 16MB EDO, 1.2GB HD
Infrastructure IBM VP486/66 16MB, 365MB HD, NIC
Infrastructure KME 10" BEIGE COLOR STACKABLE MONITOR
Infrastructure NOKIA 17" MONITOR
Infrastructure NOKIA 21" MONITOR
Infrastructure SONY 17" MONITOR
Infrastructure SUN ULTRA 5 MODEL 270 WORKSTATION 128MB PGX24 4GB CD
Infrastructure US ROBOTICS EXT. 56K MODEM
Infrastructure DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 6.4GB HD, 32X CD, NT4, SERVICE
Infrastructure MSDN UNIVERSAL V6.0 FOR W32/ MICROSOFT CO
ITD Portfolio Trading-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
ITD Sales-LA COMPAQ PROLIANT 3000 6/333 512K 64MB SERVER
ITD Sanfran COMPAQ PROLIANT 3000 6/333 512K 64MB SERVER
ITD-Boston CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
ITD-Chicago CISCO 2516 ETHERNET (14 HUB PORTS)
ITD-Sales General CISCO 2514 DUAL ETHERNET/DUAL SERIAL ROUTER
LDC Options CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
MBSB-GNMA SUN ULTRA 5 MODEL 270 WORKSTATION 128MB PGX24 4GB CD
MUNIS-BID WANTED-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
MUNIS-SUPPORT-NY CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Power CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
Power SUN ULTRA 5 MODEL 270 WORKSTATION 128MB PGX24 4GB CD
SYSTEMS - TO BE ALLOCATED(B-BA500) 12" REFURBISHED STACKABLE MONITOR BLACK INCLUDES 1YR WARRANTY
SYSTEMS - TO BE ALLOCATED(B-BA500) 15" METAL CASE STACKABLE MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) CISCO 2507 ETHERNET (16 UTP PORTS) DUAL SERIAL PORTS
SYSTEMS - TO BE ALLOCATED(B-BA500) CISCO 2516 ETHERNET (14 HUB PORTS) DUAL SERIAL/ISDN-BRI
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL DUAL NIC OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 3.2GB HD,32X CD,NT4,SERVICE
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 6GB HD,32X CD,NT4,SERVICE
SYSTEMS - TO BE ALLOCATED(B-BA500) IBM VP486 12MB, 365MB HD, NIC
SYSTEMS - TO BE ALLOCATED(B-BA500) KME 14" BEIGE COLOR STACKABLE MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) MOTOROLA NT1D NETWORK TERMINATION DEVICE
SYSTEMS - TO BE ALLOCATED(B-BA500) NOKIA 17" MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) SUN ULTRA 5 MODEL 270 WORKSTATION 128MB PGX24 4GB CD
SYSTEMS - TO BE ALLOCATED(B-BA500) ULTRA 5 MODEL 270 WORKSTATION, 128 MB,PGX24, 4GB, CD
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 6.4GB HD, 32X CD, NT4, SERVICE
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL OPTIPLEX GX1 P350 512KCACHE, 128MG, 6.4GB HD, 32X CD, NT4, SERVICE
Systems-Mercury Teledata-NY ACCTON 8 PORT HUB
Systems-NY 3COM SUPERSTACK LINKBUILDER II FMS HUB WITH 24 PORTS WITH SNMPMANAGEMENT MODULE
Systems-NY ADTRAN DSU III AR MODEM
Systems-NY CISCO 2516 ETHERNET (14 HUB PORTS)
Systems-NY HP LASERJET4SI PRINTER
Systems-NY IBM G40 14" MONITOR
Systems-NY IBM PC750 P166, 16MB EDO, 1.2GB HD
Systems-NY IBM PC750 P166, 16MB PARITY, 1.2 GB HD, SELECTA
Systems-NY IBM PC750 P90 16MB, 540HD, WIN
Systems-NY IBM PC750, PENT-166, 32MB EDO MEM, 1.6GB HD, 6X CD ROM, NO SOFTWARE
Systems-NY IBM VP486 12MB, 365MB HD, NIC
Systems-NY IBM VP486 16MB, 365MB HD, NIC
Systems-NY IBM VP486/DX2 12MB, 1NIC
Systems-NY NOKIA 17" MONITOR
Systems-NY NOKIA 21" MONITOR
Tokyo-Back Office CISCO 2511 CISCO ACCESS SERVER 2511 ETHERNET DUAL SERIAL 1/16 ASYNC
Tokyo-Back Office CISCO ACCESS SERVER 2511 ETHERNET/DUAL SERIAL/16
Accounting-NY SOFTWARE AND LICENSE
Architecture PERFORCE SOFTWARE USER LICENSE
Architecture VISUAL STUDIO ENT 6.0
Architecture UNIX SOFTWARE AND LICENSE
Architecture STANDARD C++, TOOLS H++
Central Development RAPID SQL 5.1 SYB LICENSE
Infrastructure PGX 128/4GB/CD & NIC CARD
Infrastructure 8MB DRAM SIMM
Infrastructure NIC CARD
Infrastructure PORT ADAPTER AND ETHERNET
Infrastructure PORT ADAPTER
Infrastructure PORT CHANNELIZED ADAPTER
Infrastructure VERSATILE INT PROC 2 MODEL
Infrastructure VERSATILE INT PROC 2-MODEL 40
Infrastructure VISIO UDGRADE ENT
Infrastructure SOLARIS SYS ADMIN
Infrastructure AUTOSYS AGENT FOR WINDOWS NT
SYSTEMS - TO BE ALLOCATED(B-BA500) 10" & 12" MONITORS
Accounting-NY QUOTA SEVER Z41F/ARGENT SOFTWARE
Fixed Income Development MOLP-B WIN NT SVR ENT ED 4.0 ENG/MICROSOFT
GSB Chicago DESK TOP ETHERNET SWITCHING MODULE
Infrastructure SUN SOLARIS SERVER
Infrastructure CHASSIS, CATALYST MODULES AND POWER SUP AND LICENSES
Infrastructure IGX-UXM WITH ONE BC-UAI-3-T3
Infrastructure DESK TOP ETHERNET SWITCHING MODULE
Infrastructure IGX-UXM WITH ONE BC-UA1-4-155-MMF
Infrastructure CHASSIS AND PROC ENGINE
Infrastructure IXG 8420 RACK MOUNT, NPT-32, SCM
Infrastructure 7206 MODULER ROUTER BASE UNIT
Infrastructure 8 LEAD OCTAL CABLE AND 8 MALE V35 DTE CONNECTORS
Infrastructure ARCSERVE FOR WIN NT V6.5 ENTERPRISE
Infrastructure QL-MT3AA-3E OPEN VMS CONC
SYSTEMS - TO BE ALLOCATED(B-BA500) ULTRA 5 MODEL 270 WORKSTATION, 128 MB, PGX24, 4GB, CD
SYSTEMS - TO BE ALLOCATED(B-BA500) SOLARIS V2.6 DESK TOP
SYSTEMS - TO BE ALLOCATED(B-BA500) 2516 ETHERNET/DUAL SERIAL/ISDN-BRI ROUTER
SYSTEMS - TO BE ALLOCATED(B-BA500) 15" METAL CASE MONITOR
SYSTEMS - TO BE ALLOCATED(B-BA500) 12" COLOR MONITOR
<CAPTION>
DEPTNAME VENDOR NAME Entity SumOfCOST
<S> <C> <C> <C>
Communications-LA HUGHES LAN SYSTEM CFCO 2,233
Systems Data Processing-LA HUGHES LAN SYSTEM CFCO 7,454
Systems Data Processing-LA INFOSYSTEMS CFCO 7,156
Communications-LA INFOSYSTEMS CFCO 6,234
Systems Data Processing-LA INFOSYSTEMS CFCO 28,625
Systems Data Processing-LA NEURON DATA, INC CFCO 9,245
Systems Data Processing-LA INFOSYSTEMS CFCO 9,058
Communications-LA INFOSYSTEMS CFCO 11,095
Systems Data Processing-LA INFOSYSTEMS CFCO 20,599
Systems Data Processing-LA TREDENT DATA CFCO 4,388
Systems Data Processing-LA INFOSYSTEMS CFCO 5,636
Systems Data Processing-LA INFOSYSTEMS CFCO 4,530
Systems Data Processing-LA INFOSYSTEMS CFCO 2,917
Systems Data Processing-LA HUGHES LAN SYSTEM CFCO 1,066
Systems Data Processing-LA DATAFLEX CFCO 3,126
Systems Data Processing-LA DATAFLEX CFCO 13,841
ITD - Data Processing CISCO CFCO 9,880
Systems Data Processing-LA DATAFLEX CORP CFCO 2,281
Systems Data Processing-LA ERGONOMIC 145453 CFCO 9,933
Emerging Markets Brady Bonds ADVMOD CFCO 4,327
Emerging Markets Euro Bonds ADVMOD CFCO 4,290
ITD Clearing-LA DATAFLEX CORPORATION CFCO 2,016
ITD-Dallas DATAFLEX CORPORATION CFCO 2,455
ITD-Sales General VANSTAR CFCO 10,563
LDC Options ADVMOD CFCO 2,163
Systems Data Processing-LA ERGONOMIC CFCO 1,774
Emerging Markets Brady Bonds CISCO CFCO 1,724
Emerging Markets Brady Bonds ADVMOD CFCO 13,640
Emerging Markets Brady Bonds ADVMOD CFCO 3,897
Emerging Markets Brady Bonds ADVMOD CFCO 1,949
Emerging Markets Euro Bonds ADVMOD CFCO 3,897
LDC Options ADVMOD CFCO 1,949
Emerging Markets Brady Bonds CISCO CFCO 1,724
Emerging Markets Brady Bonds ADVMOD CFCO 2,145
Emerging Markets Brady Bonds ADVMOD CFCO 1,949
Emerging Markets Brady Bonds ADVMOD CFCO 1,949
Emerging Markets Brady Bonds ADVMOD CFCO 1,949
ITD-Sales General ENTEX CFCO 2,932
LDC Options ADVMOD CFCO 1,949
LDC Options MARCO ELECTRONICS LTD. CFCO 1,807
OTC-CONVERTIBLE -2B INV(B-21B00) VANSTAR CFCO 3,992
Systems Data Processing-LA VANSTAR CFCO 687
Emerging Markets Brady Bonds CISCO CFCO 2,762
Emerging Markets Brady Bonds CISCO CFCO 1,909
Emerging Markets Brady Bonds CISCO CFCO 862
Emerging Markets Brady Bonds CISCO CFCO 716
Emerging Markets Brady Bonds CISCO CFCO 2,385
Emerging Markets Brady Bonds CISCO CFCO 716
Emerging Markets Brady Bonds CISCO CFCO 2,386
Emerging Markets Brady Bonds CISCO CFCO 1,193
Emerging Markets Brady Bonds CISCO CFCO 2,203
Emerging Markets Euro Bonds CISCO CFCO 1,061
Emerging Markets Euro Bonds CISCO CFCO 1,325
Emerging Markets Euro Bonds CISCO CFCO 1,325
Emerging Markets Euro Bonds CISCO CFCO 663
Emerging Markets Euro Bonds CISCO CFCO 1,224
ITD Clearing-LA CISCO CFCO 884
ITD Clearing-LA CISCO CFCO 1,902
ITD-Sales General ERGONOMIC CFCO 858
ITD-Sales General EN POINTE CFCO 17,867
ITD-Sales General EN POINTE CFCO 2,286
ITD-Sales General EN POINTE CFCO 5,256
LDC Options CISCO CFCO 530
LDC Options CISCO CFCO 663
LDC Options CISCO CFCO 663
LDC Options CISCO CFCO 612
LDC Options ERGONOMIC CFCO 668
Sec Lending-NY CISCO CFCO 636
Sec Lending-NY CISCO CFCO 795
Sec Lending-NY CISCO CFCO 795
Sec Lending-NY CISCO CFCO 734
Emerging Markets Brady Bonds CISCO CFCO 3,306
Emerging Markets Brady Bonds CISCO CFCO 4,680
Emerging Markets Brady Bonds ERGONOMIC CFCO 668
Emerging Markets Brady Bonds ERGONOMIC CFCO 7,469
Emerging Markets Euro Bonds ERGONOMIC CFCO 7,469
ISG Sales-NY EN POINTE CFCO 5,140
ITD-Sales General ERGONOMIC CFCO 1,023
ITD-Sales General EN POINTE CFCO 5,122
ITD-Sales General EN POINTE CFCO 2,286
LDC Options CISCO CFCO 4,680
LDC Options ERGONOMIC CFCO 668
Communications-LA VANSTAR CFCO 560
Emerging Markets Brady Bonds CISCO CFCO 1,274
Emerging Markets Brady Bonds CISCO CFCO 4,297
Emerging Markets Brady Bonds SUNMICRO CFCO 2,639
Emerging Markets Brady Bonds SUNMICRO CFCO 510
Emerging Markets Euro Bonds CISCO CFCO 708
Emerging Markets Euro Bonds CISCO CFCO 2,387
Emerging Markets Euro Bonds ADVMOD CFCO 1,949
Emerging Markets Euro Bonds SUNMICRO CFCO 1,466
ITD Portfolio Trading-NY CISCO CFCO 1,180
ITD Portfolio Trading-NY CISCO CFCO 2,660
ITD Portfolio Trading-NY CISCO CFCO 3,423
ITD Portfolio Trading-NY EN POINTE CFCO 1,186
ITD Portfolio Trading-NY EN POINTE CFCO 1,081
LDC Options CISCO CFCO 1,432
LDC Options SUNMICRO CFCO 880
Sec Lending-NY CISCO CFCO 1,432
Sec Lending-NY SUNMICRO CFCO 880
Systems Data Processing-LA VANSTAR CFCO 560
Accounting LA CISCO CFCO 681
Communications-LA CISCO CFCO 697
Corporate LA Management CISCO CFCO 1,627
Futures-Allocated CISCO CFCO 930
Futures-CBOT Chicago CISCO CFCO 1,395
Futures-CME Chicago CISCO CFCO 814
Futures-NY Sales CISCO CFCO 697
ISG Sales-NY CISCO CFCO 3,022
ITD CF Parallax CISCO CFCO 814
ITD Clearing-LA CISCO CFCO 2,496
ITD Clearing-LA CISCO CFCO 1,279
ITD Listed Sales-LA CISCO CFCO 1,395
ITD OTC-NY CISCO CFCO 3,255
ITD Portfolio Trading-NY CISCO CFCO 814
ITD Sales-LA CISCO CFCO 2,325
ITD-Boston CISCO CFCO 1,162
ITD-Chicago CISCO CFCO 1,162
ITD-Dallas CISCO CFCO 1,279
ITD-International-NY CISCO CFCO 1,046
ITD-Sales General CISCO CFCO 3,371
ITD-Sales General VANSTAR CFCO 6,396
LDC Options CISCO CFCO 541
LDC Options CISCO CFCO 907
NY OPERATONS IN L.A.(B-25I50) CISCO CFCO 3,176
NY OPERATONS IN L.A.(B-25I50) CISCO CFCO 1,627
Office Services-LA CISCO CFCO 581
Sec Lending-NY CISCO CFCO 1,974
Sec Lending-NY CISCO CFCO 1,588
Sec Lending-NY CISCO CFCO 814
Futures-Allocated SUNMICRO CFCO 963
Futures-CBOT Chicago SUNMICRO CFCO 1,444
Futures-CME Chicago SUNMICRO CFCO 842
Futures-NY Sales SUNMICRO CFCO 722
ISG Sales-NY SUNMICRO CFCO 3,129
ISG Sales-NY SUNMICRO CFCO 511
ISG Sales-NY SUNMICRO CFCO 545
ISG Sales-NY SUNMICRO CFCO 676
Sec Lending-NY SUNMICRO CFCO 842
Systems Data Processing-LA SUN EXPRESS, INC. CFCO 1,294
Systems Data Processing-LA SUN MICROSYSTEMS CFCO 1,294
Futures-CBOT Chicago EN POINTE CFCO 4,910
Futures-CBOT Chicago EN POINTE CFCO 2,375
ITD OTC-NY ASC CFCO 15,143
ITD Portfolio Trading-NY CISCO CFCO 2,110
ITD Sanfran CISCO CFCO 1,965
ITD Sanfran CISCO CFCO 666
ITD-Sales General ERGONOMIC CFCO 1,237
ITD-Sales General EN POINTE CFCO 5,162
ITD-Sales General EN POINTE CFCO 2,296
ITD-Sales General EN POINTE CFCO 5,122
ITD-Sales General EN POINTE CFCO 4,572
Sec Lending-NY EN POINTE CFCO 7,781
Sec Lending-NY EN POINTE CFCO 7,432
Sec Lending-NY EN POINTE CFCO 4,700
Sec Lending-NY BLACK BOX CFCO 3,563
Systems Data Processing-LA SUN MICROSYSTEMS CFCO (1,294)
ITD-Sales General EN POINTE CFCO (3,872)
ITD-Sales General EN POINTE CFCO (3,842)
ITD-Sales General EN POINTE CFCO (2,286)
Futures-CBOT Chicago CISCO CFCO 3,172
ITD OTC-NY ERGONOMIC CFCO 2,530
ITD Portfolio Trading-NY CISCO CFCO 2,870
ITD-Sales General CISCO CFCO 1,220
ITD-Sales General CISCO CFCO 982
ITD-Sales General CISCO CFCO 1,708
ITD-Sales General ERGONOMIC CFCO 4,176
ITD-Sales General ERGONOMIC CFCO 830
ITD-Sales General ERGONOMIC CFCO 13,453
ITD-Sales General ERGONOMIC CFCO 2,206
ITD-Sales General ERGONOMIC CFCO 33,133
ITD-Sales General CISCO CFCO 699
ITD-Sales General CISCO CFCO 821
ITD-Sales General CISCO CFCO 4,881
ITD-Sales General CISCO CFCO 2,242
ITD-Sales General CISCO CFCO 984
ITD-Sales General CISCO CFCO 4,881
ITD-Sales General CISCO CFCO 1,390
ITD-Sales General ERGONOMIC CFCO 2,273
ITD-Sales General CISCO CFCO 981
ITD-Sales General CISCO CFCO 1,221
ITD-Sales General CISCO CFCO 575
ITD-Sales General EN POINTE CFCO 1,291
ITD-Sales General SFTHOUSE CFCO 1,150
ITD-Sales General BOXHILL CFCO 2,056
ITD-Sales General BOXHILL CFCO 18,250
ITD-Sales General BOXHILL CFCO 16,608
ITD-Sales General BOXHILL CFCO 3,728
Systems Data Processing-LA SFTHOUSE CFCO 1,802
Systems Data Processing-LA CORP COMP CFCO 10,808
Systems Data Processing-LA CORP COMP CFCO 10,051
Systems Data Processing-LA CORP COMP CFCO 4,342
Systems Data Processing-LA CORP COMP CFCO 7,021
Systems Data Processing-LA SFTHOUSE CFCO 637
Systems Data Processing-LA SFTHOUSE CFCO 4,694
Sec Lending-NY Software House CFCO 12,885
Systems Data Processing-LA SOFTWARE HOUSE CFCO 2,174
ITD Sales-LA SOFTWARE HOUSE CFCO 17,657
ITD Sales-LA SOFTWARE HOUSE CFCO 1,287
ITD Sanfran SOFTWARE HOUSE CFCO 17,657
ITD Sanfran SOFTWARE HOUSE CFCO 1,287
ITD-Boston SOFTWARE HOUSE CFCO 15,221
ITD-Boston SOFTWARE HOUSE CFCO 1,287
ITD-Chicago SOFTWARE HOUSE CFCO 17,657
ITD-Chicago SOFTWARE HOUSE CFCO 1,287
ITD-Dallas SOFTWARE HOUSE CFCO 17,657
ITD-Dallas SOFTWARE HOUSE CFCO 1,287
ITD-International-NY REUTERS AMERICA CFCO 974
Corporate LA Management CENTRAL COMPUTER CFCO 2,490
ITD Portfolio Trading-NY SOFTWARE HOUSE INTERNATIONAL CFCO 1,340
ITD Sales-LA CENTRAL COMPUTER CFCO 2,490
ITD Clearing-LA DATAFLEX CORPORATION CFCO (1,994)
ITD-Sales General VANSTAR CFCO 1,996
ITD-Sales General VANSTAR CFCO 6,091
OTC-CONVERTIBLE -2B INV(B-21B00) VANSTAR CFCO 1,996
OTC-CONVERTIBLE -2B INV(B-21B00) VANSTAR CFCO 6,091
Systems Data Processing-LA VANSTAR CFCO 1,916
CFCO Total 782,178
GSB - SHARED COST(B-6C000) SUN MICROSYSTEMS (JP) CFS 4,724
Systems-NY CISCO SYSTEMS, INC CFS 35,798
GSB - SHARED COST(B-6C000) HUGHES LAN SYSTEM CFS 14,333
Systems-NY CISCO SYSTEMS, INC CFS 21,696
Systems-NY CISCO SYSTEMS, INC CFS 40,960
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 4,787
Systems-NY CISCO SYSTEMS, INC CFS 4,169
GSB - SHARED COST(B-6C000) CPU-OPTIONS CFS 3,725
GSB - SHARED COST(B-6C000) ACS EQUIPMENT CORPORATION CFS 2,051
GSB - SHARED COST(B-6C000) WORKSTATION DIRECT, LLC CFS 6,668
GSB - SHARED COST(B-6C000) HUGHES LAN SYSTEM CFS 6,646
GSB - SHARED COST(B-6C000) CPU-OPTIONS CFS 1,863
GSB - SHARED COST(B-6C000) MTI CFS 113,269
GSB - SHARED COST(B-6C000) AVNET COMPUTER CFS 813
GSB-Odd Lots MTI CFS 6,907
GSB - SHARED COST(B-6C000) PERFORMANCE TECHNOLOGY CFS 3,702
GSB - SHARED COST(B-6C000) ICON CFS 6,318
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 23,151
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 19,516
GSB-Odd Lots CISCO SYSTEMS, INC CFS 15,130
GSB - SHARED COST(B-6C000) NATIONAL COMMUNICATIONS CFS 4,310
GSB - SHARED COST(B-6C000) AVNET COMPUTER CFS 16,186
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 18,616
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 11,646
GSB-Odd Lots CISCO SYSTEMS, INC CFS 3,209
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 2,332
GSB-Odd Lots THE ERGONOMIC GROUP CFS 1,823
GSB-Odd Lots SPARTAN ELECTRONICS, INC. CFS 5,082
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 36,790
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 8,264
GSB - SHARED COST(B-6C000) JENCOM INC. CFS 6,425
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 46,539
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 4,657
GSB - SHARED COST(B-6C000) DATAFLEX CORPORATION CFS 4,020
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 9,313
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 9,316
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 30,655
GSB - SHARED COST(B-6C000) MTI CFS 83,216
GSB - SHARED COST(B-6C000) AVNET COMPUTER CFS 830
GSB - SHARED COST(B-6C000) NATIONAL COMMUNICATIONS CFS 5,042
GSB - SHARED COST(B-6C000) NATIONAL COMMUNICATIONS CFS 1,234
GSB - SHARED COST(B-6C000) PIONEER STANDARD CFS 2,022
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 11,067
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 951
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 8,262
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 67,252
GSB - SHARED COST(B-6C000) DATAFLEX CORPORATION CFS 2,074
GSB - SHARED COST(B-6C000) NATIONAL COMMUNICATIONS CFS 1,819
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 34,904
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 23,295
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 4,671
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 27,912
GSB - SHARED COST(B-6C000) ADVANCED MODULAR CFS 11,760
GSB - SHARED COST(B-6C000) WORKSTAT CFS 3,971
GSB - SHARED COST(B-6C000) CPU CFS 8,915
GSB - SHARED COST(B-6C000) THE ERGONOMIC GROUP CFS 21,649
GSB - SHARED COST(B-6C000) SIMPACT ASSOCIATES, INC CFS 6,003
GSB - SHARED COST(B-6C000) WORKSTAT CFS 4,724
GSB - SHARED COST(B-6C000) CPU CFS 3,198
GSB - SHARED COST(B-6C000) ERGONOMIC CFS 5,006
GSB - SHARED COST(B-6C000) ERGONOMIC CFS 1,584
GSB - SHARED COST(B-6C000) NCI CFS 1,951
GSB - SHARED COST(B-6C000) NETWORK CFS 9,414
GSB - SHARED COST(B-6C000) ADVMOD CFS 7,074
GSB - SHARED COST(B-6C000) SOCRATES CFS 3,236
GSB - SHARED COST(B-6C000) SCM CFS 2,352
GSB - SHARED COST(B-6C000) ICON CFS 877
GSB - SHARED COST(B-6C000) CISCO SYSTEMS, INC CFS 5,026
GSB - SHARED COST(B-6C000) DATAFLEX CORPORATION CFS 1,035
GSB - SHARED COST(B-6C000) CISCO CFS 32,748
GSB - SHARED COST(B-6C000) CISCO CFS 21,719
GSB - SHARED COST(B-6C000) ADVMOD CFS 4,308
GSB - SHARED COST(B-6C000) SCM CFS 4,709
GSB - SHARED COST(B-6C000) SCM CFS 2,352
GSB - SHARED COST(B-6C000) PIONEER CFS 1,639
GSB - SHARED COST(B-6C000) PIONEER CFS 3,699
GSB - SHARED COST(B-6C000) PIONEER CFS 4,892
GSB-Swaps ADVMOD CFS 2,163
GSB - SHARED COST(B-6C000) CPU CFS 619
GSB - SHARED COST(B-6C000) ERGONOMIC CFS 1,082
GSB - SHARED COST(B-6C000) ADVMOD CFS 5,846
GSB - SHARED COST(B-6C000) ADVMOD CFS 1,949
GSB - SHARED COST(B-6C000) LIGHTWAVE CFS 541
GSB-Swaps ADVMOD CFS 3,897
GSB - SHARED COST(B-6C000) THE ERGONOMIC GROUP CFS 732
GSB - SHARED COST(B-6C000) THE ERGONOMIC GROUP CFS 18,714
GSB - SHARED COST(B-6C000) ADVMOD CFS 2,163
GSB - SHARED COST(B-6C000) ADVMOD CFS 1,949
GSB - SHARED COST(B-6C000) SCM CFS 2,352
GSB - SHARED COST(B-6C000) NYSE CFS 1,744
GSB - SHARED COST(B-6C000) PIONEER STANDARD CFS 989
GSB - SHARED COST(B-6C000) PIONEER CFS 70,146
GSB - SHARED COST(B-6C000) PIONEER CFS 5,144
GSB - SHARED COST(B-6C000) PIONEER CFS 225,636
GSB - SHARED COST(B-6C000) PIONEER CFS 1,616
GSB - SHARED COST(B-6C000) PIONEER CFS 106,959
GSB - SHARED COST(B-6C000) PIONEER CFS 87,683
GSB - SHARED COST(B-6C000) PIONEER CFS 31,110
GSB - SHARED COST(B-6C000) PIONEER CFS 5,588
GSB - SHARED COST(B-6C000) PIONEER CFS 884
GSB - SHARED COST(B-6C000) PIONEER CFS 35,073
GSB - SHARED COST(B-6C000) PIONEER CFS 3,429
GSB - SHARED COST(B-6C000) PIONEER CFS 75,212
GSB - SHARED COST(B-6C000) PIONEER CFS 68,346
GSB - SHARED COST(B-6C000) PIONEER CFS 1,077
GSB - SHARED COST(B-6C000) PIONEER CFS 9,715
GSB - SHARED COST(B-6C000) PIONEER CFS 6,241
GSB - SHARED COST(B-6C000) PIONEER CFS 71,306
GSB - SHARED COST(B-6C000) PIONEER CFS 58,455
GSB - SHARED COST(B-6C000) PIONEER CFS 20,740
GSB - SHARED COST(B-6C000) PIONEER CFS 3,726
GSB - SHARED COST(B-6C000) PIONEER CFS 589
GSB - SHARED COST(B-6C000) PIONEER CFS 40,285
GSB - SHARED COST(B-6C000) PIONEER CFS 1,641
GSB - SHARED COST(B-6C000) PIONEER CFS 1,839
GSB - SHARED COST(B-6C000) PIONEER CFS 1,519
GSB - SHARED COST(B-6C000) PIONEER CFS 6,674
GSB - SHARED COST(B-6C000) PIONEER CFS 1,526
GSB - SHARED COST(B-6C000) PIONEER CFS 3,633
GSB - SHARED COST(B-6C000) PIONEER CFS 17,161
GSB - SHARED COST(B-6C000) PIONEER CFS 3,694
GSB - SHARED COST(B-6C000) PIONEER CFS 40,209
GSB - SHARED COST(B-6C000) PIONEER CFS 5,487
GSB - SHARED COST(B-6C000) PIONEER CFS 12,447
GSB - SHARED COST(B-6C000) PIONEER CFS 636
GSB - SHARED COST(B-6C000) PIONEER CFS 7,397
GSB - SHARED COST(B-6C000) PIONEER CFS 3,191
GSB - SHARED COST(B-6C000) PIONEER STANDARD CFS 7,170
GSB - SHARED COST(B-6C000) PIONEER STANDARD CFS 631
GSB - SHARED COST(B-6C000) DATAFLEX CORPORATION CFS 813
GSB-CF Kross ENTEX CFS 1,080
GSB-CF Kross ENTEX CFS 4,190
GSB-CF Kross ENTEX CFS 2,330
GSB-CF Kross ENTEX CFS 965
GSB-Swaps CISCO CFS 2,135
GSB - SHARED COST(B-6C000) CISCO CFS 2,762
GSB - SHARED COST(B-6C000) PIONEER CFS 318,725
GSB-Long CISCO CFS 2,762
GSB-Swaps DATAFL CFS 608
ERGONOMIC CFS 898
Accounting-NY CISCO CFS 1,044
Accounting-NY CISCO CFS 4,773
Accounting-NY CISCO CFS 1,119
Accounting-NY CISCO CFS 2,155
Accounting-NY CISCO CFS 597
Accounting-NY CISCO CFS 1,789
Accounting-NY CISCO CFS 5,963
Accounting-NY CISCO CFS 1,789
Accounting-NY CISCO CFS 5,964
Accounting-NY CISCO CFS 2,981
Accounting-NY CISCO CFS 1,130
Accounting-NY CISCO CFS 5,507
Accounting-NY CISCO CFS 610
Agencies CISCO CFS 1,697
Agencies CISCO CFS 766
Agencies CISCO CFS 636
Agencies CISCO CFS 2,120
Agencies CISCO CFS 636
Agencies CISCO CFS 2,121
Agencies CISCO CFS 1,060
Agencies CISCO CFS 1,958
CANTOR DIGITAL SPEED(B-AV007) CISCO CFS 2,578
Communications-NY CISCO CFS 2,015
Communications-NY CISCO CFS 910
Communications-NY CISCO CFS 755
Communications-NY CISCO CFS 2,518
Communications-NY CISCO CFS 755
Communications-NY CISCO CFS 2,518
Communications-NY CISCO CFS 1,259
Communications-NY CISCO CFS 2,325
Communications-NY CORP COMP CFS 2,336
Corporate Bonds-Canadians CISCO CFS 742
Corporate Bonds-Canadians CISCO CFS 928
Corporate Bonds-Canadians CISCO CFS 928
Corporate Bonds-Canadians CISCO CFS 857
Corporate Bonds-Corp Convertible Bonds CISCO CFS 636
Corporate Bonds-Corp Convertible Bonds CISCO CFS 795
Corporate Bonds-Corp Convertible Bonds CISCO CFS 795
Corporate Bonds-Corp Convertible Bonds CISCO CFS 734
Corporate Bonds-Industrials CISCO CFS 530
Corporate Bonds-Industrials CISCO CFS 663
Corporate Bonds-Industrials CISCO CFS 663
Corporate Bonds-Industrials CISCO CFS 612
Corporate Bonds-Intermediates CISCO CFS 1,167
Corporate Bonds-Intermediates CISCO CFS 527
Corporate Bonds-Intermediates CISCO CFS 1,458
Corporate Bonds-Intermediates CISCO CFS 1,458
Corporate Bonds-Intermediates CISCO CFS 729
Corporate Bonds-Intermediates CISCO CFS 1,346
Corporate Bonds-Junks CISCO CFS 848
Corporate Bonds-Junks CISCO CFS 1,060
Corporate Bonds-Junks CISCO CFS 1,060
Corporate Bonds-Junks CISCO CFS 530
Corporate Bonds-Junks CISCO CFS 979
Corporate Bonds-Med Term Notes CISCO CFS 742
Corporate Bonds-Med Term Notes CISCO CFS 928
Corporate Bonds-Med Term Notes CISCO CFS 928
Corporate Bonds-Med Term Notes CISCO CFS 857
Corporate Bonds-Support CISCO CFS 1,061
Corporate Bonds-Support CISCO CFS 1,325
Corporate Bonds-Support CISCO CFS 1,325
Corporate Bonds-Support CISCO CFS 663
Corporate Bonds-Support CISCO CFS 1,224
Corporate Bonds-Utilities/tel/ret CISCO CFS 530
Corporate Bonds-Utilities/tel/ret CISCO CFS 663
Corporate Bonds-Utilities/tel/ret CISCO CFS 663
Corporate Bonds-Utilities/tel/ret CISCO CFS 612
Corporate-NY CISCO CFS 1,803
Corporate-NY CISCO CFS 814
Corporate-NY CISCO CFS 676
Corporate-NY CISCO CFS 2,253
Corporate-NY CISCO CFS 676
Corporate-NY CISCO CFS 2,253
Corporate-NY CISCO CFS 1,126
Corporate-NY CISCO CFS 2,080
Credit CISCO CFS 848
Credit CISCO CFS 1,060
Credit CISCO CFS 1,060
Credit CISCO CFS 530
Credit CISCO CFS 979
Emerging Markets Brady Bonds ERGONOMIC CFS 668
Environmental (EBS)-San Francisco CISCO CFS 530
Environmental (EBS)-San Francisco CISCO CFS 530
Equity Screen Brokerage CISCO CFS 1,061
Equity Screen Brokerage CISCO CFS 1,325
Equity Screen Brokerage CISCO CFS 1,325
Equity Screen Brokerage CISCO CFS 663
Equity Screen Brokerage CISCO CFS 1,224
Equity Screen Brokerage CISCO CFS 2,350
Equity Screen Brokerage ERGONOMIC CFS 676
FX Forward Mark CISCO CFS 742
FX Forward Mark CISCO CFS 928
FX Forward Mark CISCO CFS 928
FX Forward Mark CISCO CFS 857
FX Forward Mark ERGONOMIC CFS 509
FX Forward Yen CISCO CFS 955
FX Forward Yen CISCO CFS 1,193
FX Forward Yen CISCO CFS 1,193
FX Forward Yen CISCO CFS 596
FX Forward Yen CISCO CFS 1,101
FX Forward Yen ERGONOMIC CFS 509
FX Forward Yen ITS CFS 46,344
FX Forward Yen ITS CFS 59,598
FX Options-NY CISCO CFS 2,121
FX Options-NY CISCO CFS 958
FX Options-NY CISCO CFS 795
FX Options-NY CISCO CFS 2,650
FX Options-NY CISCO CFS 795
FX Options-NY CISCO CFS 2,651
FX Options-NY CISCO CFS 1,325
FX Options-NY CISCO CFS 502
FX Options-NY CISCO CFS 2,447
FX Options-NY ERGONOMIC CFS 511
GSB - SHARED COST(B-6C000) ERGONOMIC CFS 3,960
GSB - SHARED COST(B-6C000) EN POINTE CFS 533
GSB - SHARED COST(B-6C000) SCM CFS 856
GSB - SHARED COST(B-6C000) RECOM CFS 778
GSB - SHARED COST(B-6C000) RECOM CFS 971
GSB-Bills CISCO CFS 534
GSB-Bills CISCO CFS 2,439
GSB-Bills CISCO CFS 572
GSB-Bills CISCO CFS 1,102
GSB-Bills CISCO CFS 914
GSB-Bills CISCO CFS 3,048
GSB-Bills CISCO CFS 914
GSB-Bills CISCO CFS 3,048
GSB-Bills CISCO CFS 1,524
GSB-Bills CISCO CFS 578
GSB-Bills CISCO CFS 2,814
GSB-CF Kross CISCO CFS 673
GSB-CF Kross CISCO CFS 3,076
GSB-CF Kross CISCO CFS 721
GSB-CF Kross CISCO CFS 1,389
GSB-CF Kross CISCO CFS 1,153
GSB-CF Kross CISCO CFS 3,843
GSB-CF Kross CISCO CFS 1,153
GSB-CF Kross CISCO CFS 3,844
GSB-CF Kross CISCO CFS 1,921
GSB-CF Kross CISCO CFS 728
GSB-CF Kross CISCO CFS 3,549
GSB-CF Kross ERGONOMIC CFS 6,310
GSB-Intermediate CISCO CFS 1,322
GSB-Intermediate CISCO CFS 6,045
GSB-Intermediate CISCO CFS 1,417
GSB-Intermediate CISCO CFS 2,730
GSB-Intermediate CISCO CFS 756
GSB-Intermediate CISCO CFS 2,266
GSB-Intermediate CISCO CFS 7,553
GSB-Intermediate CISCO CFS 2,266
GSB-Intermediate CISCO CFS 7,555
GSB-Intermediate CISCO CFS 3,777
GSB-Intermediate CISCO CFS 1,432
GSB-Intermediate CISCO CFS 6,975
GSB-Intermediate CISCO CFS 773
GSB-Long CISCO CFS 998
GSB-Long CISCO CFS 4,561
GSB-Long CISCO CFS 1,069
GSB-Long CISCO CFS 2,059
GSB-Long CISCO CFS 570
GSB-Long CISCO CFS 1,710
GSB-Long CISCO CFS 5,698
GSB-Long CISCO CFS 1,710
GSB-Long CISCO CFS 5,699
GSB-Long CISCO CFS 2,849
GSB-Long CISCO CFS 1,080
GSB-Long CISCO CFS 5,262
GSB-Long CISCO CFS 583
GSB-Odd Lots CISCO CFS 848
GSB-Odd Lots CISCO CFS 1,060
GSB-Odd Lots CISCO CFS 1,060
GSB-Odd Lots CISCO CFS 530
GSB-Odd Lots CISCO CFS 979
GSB-Short CISCO CFS 1,090
GSB-Short CISCO CFS 4,985
GSB-Short CISCO CFS 1,168
GSB-Short CISCO CFS 2,251
GSB-Short CISCO CFS 623
GSB-Short CISCO CFS 1,869
GSB-Short CISCO CFS 6,228
GSB-Short CISCO CFS 1,869
GSB-Short CISCO CFS 6,230
GSB-Short CISCO CFS 3,114
GSB-Short CISCO CFS 1,180
GSB-Short CISCO CFS 5,751
GSB-Short CISCO CFS 637
GSB-Short/Intermediate CISCO CFS 1,137
GSB-Short/Intermediate CISCO CFS 5,197
GSB-Short/Intermediate CISCO CFS 1,218
GSB-Short/Intermediate CISCO CFS 2,347
GSB-Short/Intermediate CISCO CFS 650
GSB-Short/Intermediate CISCO CFS 1,948
GSB-Short/Intermediate CISCO CFS 6,493
GSB-Short/Intermediate CISCO CFS 1,948
GSB-Short/Intermediate CISCO CFS 6,495
GSB-Short/Intermediate CISCO CFS 3,247
GSB-Short/Intermediate CISCO CFS 1,231
GSB-Short/Intermediate CISCO CFS 5,996
GSB-Short/Intermediate CISCO CFS 664
GSB-Spread Brokerage CISCO CFS 742
GSB-Spread Brokerage CISCO CFS 928
GSB-Spread Brokerage CISCO CFS 928
GSB-Spread Brokerage CISCO CFS 857
GSB-Swaps CISCO CFS 1,909
GSB-Swaps CISCO CFS 862
GSB-Swaps CISCO CFS 716
GSB-Swaps CISCO CFS 2,385
GSB-Swaps CISCO CFS 716
GSB-Swaps CISCO CFS 2,386
GSB-Swaps CISCO CFS 1,193
GSB-Swaps CISCO CFS 2,203
GSB-Volume Control CISCO CFS 1,061
GSB-Volume Control CISCO CFS 1,325
GSB-Volume Control CISCO CFS 1,325
GSB-Volume Control CISCO CFS 663
GSB-Volume Control CISCO CFS 1,224
GSB-Zeros CISCO CFS 1,273
GSB-Zeros CISCO CFS 575
GSB-Zeros CISCO CFS 1,590
GSB-Zeros CISCO CFS 1,591
GSB-Zeros CISCO CFS 795
GSB-Zeros CISCO CFS 1,468
Human Resources-NY CISCO CFS 742
Human Resources-NY CISCO CFS 928
Human Resources-NY CISCO CFS 928
Human Resources-NY CISCO CFS 857
IES CISCO CFS 636
IES CISCO CFS 795
IES CISCO CFS 795
IES CISCO CFS 734
IRS-CM IR Options CISCO CFS 1,061
IRS-CM IR Options CISCO CFS 1,325
IRS-CM IR Options CISCO CFS 1,325
IRS-CM IR Options CISCO CFS 663
IRS-CM IR Options CISCO CFS 1,224
IRS-CM Mediums CISCO CFS 1,167
IRS-CM Mediums CISCO CFS 527
IRS-CM Mediums CISCO CFS 1,458
IRS-CM Mediums CISCO CFS 1,458
IRS-CM Mediums CISCO CFS 729
IRS-CM Mediums CISCO CFS 1,346
IRS-CM Mediums ERGONOMIC CFS 1,311
IRS-CM Mediums ITS CFS 28,733
IRS-CM Mediums ITS CFS 36,951
IRS-CM SS/FRAS CISCO CFS 1,697
IRS-CM SS/FRAS CISCO CFS 766
IRS-CM SS/FRAS CISCO CFS 636
IRS-CM SS/FRAS CISCO CFS 2,120
IRS-CM SS/FRAS CISCO CFS 636
IRS-CM SS/FRAS CISCO CFS 2,121
IRS-CM SS/FRAS CISCO CFS 1,060
IRS-CM SS/FRAS CISCO CFS 1,958
IRS-CM SS/FRAS ITS CFS 28,733
IRS-CM SS/FRAS ITS CFS 36,951
Legal-NY CISCO CFS 1,061
Legal-NY CISCO CFS 1,325
Legal-NY CISCO CFS 1,325
Legal-NY CISCO CFS 663
Legal-NY CISCO CFS 1,224
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 2,280
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 2,280
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 9,120
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 1,064
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 5,168
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 2,584
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 9,120
Marketing-NY CISCO CFS 530
Marketing-NY CISCO CFS 663
Marketing-NY CISCO CFS 663
Marketing-NY CISCO CFS 612
MBSB-ARMS CISCO CFS 530
MBSB-ARMS CISCO CFS 530
MBSB-CMOS CISCO CFS 530
MBSB-CMOS CISCO CFS 663
MBSB-CMOS CISCO CFS 663
MBSB-CMOS CISCO CFS 612
MBSB-GNMA CISCO CFS 534
MBSB-GNMA CISCO CFS 2,439
MBSB-GNMA CISCO CFS 572
MBSB-GNMA CISCO CFS 1,102
MBSB-GNMA CISCO CFS 914
MBSB-GNMA CISCO CFS 3,048
MBSB-GNMA CISCO CFS 914
MBSB-GNMA CISCO CFS 3,048
MBSB-GNMA CISCO CFS 1,524
MBSB-GNMA CISCO CFS 578
MBSB-GNMA CISCO CFS 2,814
MBSB-GNMA ERGONOMIC CFS 1,012
MBSB-STRIPS CISCO CFS 636
MBSB-STRIPS CISCO CFS 795
MBSB-STRIPS CISCO CFS 795
MBSB-STRIPS CISCO CFS 734
MBSB-SUPPORT STAFF CISCO CFS 955
MBSB-SUPPORT STAFF CISCO CFS 1,193
MBSB-SUPPORT STAFF CISCO CFS 1,193
MBSB-SUPPORT STAFF CISCO CFS 596
MBSB-SUPPORT STAFF CISCO CFS 1,101
MMI-NY CISCO CFS 955
MMI-NY CISCO CFS 1,193
MMI-NY CISCO CFS 1,193
MMI-NY CISCO CFS 596
MMI-NY CISCO CFS 1,101
MUNIS-BID WANTED-NY CISCO CFS 1,278
MUNIS-BID WANTED-NY CISCO CFS 848
MUNIS-BID WANTED-NY CISCO CFS 1,060
MUNIS-BID WANTED-NY CISCO CFS 1,060
MUNIS-BID WANTED-NY CISCO CFS 530
MUNIS-BID WANTED-NY CISCO CFS 979
MUNIS-DOLLAR REVENUE-NY CISCO CFS 1,278
MUNIS-DOLLAR REVENUE-NY CISCO CFS 742
MUNIS-DOLLAR REVENUE-NY CISCO CFS 928
MUNIS-DOLLAR REVENUE-NY CISCO CFS 928
MUNIS-DOLLAR REVENUE-NY CISCO CFS 857
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 2,740
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 779
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 775
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 1,167
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 527
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 1,458
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 1,458
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 729
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 1,346
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 2,557
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 727
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 724
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 1,591
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 718
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 596
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 1,988
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 596
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 1,988
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 994
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 1,836
MUNIS-SUPPORT-NY CISCO CFS 1,278
Office Services-NY CISCO CFS 812
Office Services-NY CISCO CFS 3,712
Office Services-NY CISCO CFS 870
Office Services-NY CISCO CFS 1,676
Office Services-NY CISCO CFS 1,391
Office Services-NY CISCO CFS 4,638
Office Services-NY CISCO CFS 1,391
Office Services-NY CISCO CFS 4,639
Office Services-NY CISCO CFS 2,319
Office Services-NY CISCO CFS 879
Office Services-NY CISCO CFS 4,283
OPS-EQUITIES(B-BF200) CISCO CFS 1,694
OPS-EQUITIES(B-BF200) CISCO CFS 7,742
OPS-EQUITIES(B-BF200) CISCO CFS 1,815
OPS-EQUITIES(B-BF200) CISCO CFS 3,496
OPS-EQUITIES(B-BF200) CISCO CFS 968
OPS-EQUITIES(B-BF200) CISCO CFS 2,902
OPS-EQUITIES(B-BF200) CISCO CFS 9,673
OPS-EQUITIES(B-BF200) CISCO CFS 2,902
OPS-EQUITIES(B-BF200) CISCO CFS 9,676
OPS-EQUITIES(B-BF200) CISCO CFS 4,837
OPS-EQUITIES(B-BF200) CISCO CFS 1,833
OPS-EQUITIES(B-BF200) CISCO CFS 8,933
OPS-EQUITIES(B-BF200) CISCO CFS 990
OPS-EQUITIES(B-BF200) EN POINTE CFS 531
OTC Options-NY CISCO CFS 955
OTC Options-NY CISCO CFS 1,193
OTC Options-NY CISCO CFS 1,193
OTC Options-NY CISCO CFS 596
OTC Options-NY CISCO CFS 1,101
Systems-NY ERGONOMIC CFS 1,560
Systems-NY HDS CFS 663
Systems-NY HDS CFS 4,342
Systems-NY ENTEX CFS 523
Systems-NY ENTEX CFS 955
Systems-NY ENTEX CFS 2,974
Systems-NY EN POINTE CFS 1,067
Systems-NY EN POINTE CFS 11,680
Systems-NY EN POINTE CFS 1,048
Systems-NY EN POINTE CFS 2,349
Systems-NY EN POINTE CFS 9,344
Systems-NY EN POINTE CFS 766
Systems-NY EN POINTE CFS 1,065
Systems-NY EN POINTE CFS 996
Systems-NY EN POINTE CFS 2,360
Systems-NY EN POINTE CFS 2,336
Systems-NY EN POINTE CFS 1,806
Systems-NY EN POINTE CFS 911
Systems-NY EN POINTE CFS 4,971
Systems-NY MTI CFS 49,019
Systems-NY BARRY ELEC CFS 2,030
Systems-NY CORP COMP CFS 2,390
Systems-NY HPTRNG CFS 2,430
Systems-NY BOXHILL CFS 2,165
Systems-NY BOXHILL CFS 1,997
Systems-NY BOXHILL CFS 1,348
CISCO CFS 6,291
ERGONOMIC CFS 898
Agencies CISCO CFS 1,432
Corporate Bonds-Utilities/tel/disc IPC INFORMATION SYSTEMS CFS 3,202
Equity Screen Brokerage CISCO CFS 4,737
Equity Screen Brokerage ERGONOMIC CFS 676
Euro's London CISCO CFS 1,808
FX Forward Mark CISCO CFS 3,567
FX Forward Mark ERGONOMIC CFS 509
FX Forward Yen CISCO CFS 3,567
FX Forward Yen ERGONOMIC CFS 509
FX Options-NY CISCO CFS 3,575
FX Options-NY ERGONOMIC CFS 511
GSB - SHARED COST(B-6C000) CISCO CFS 27,734
GSB - SHARED COST(B-6C000) ERGONOMIC CFS 3,960
GSB - SHARED COST(B-6C000) ERGONOMIC CFS 1,163
GSB-Odd Lots CISCO CFS 507
IRS-CM Mediums CISCO CFS 9,179
IRS-CM Mediums ERGONOMIC CFS 1,311
MBSB-GNMA CISCO CFS 7,085
MBSB-GNMA ERGONOMIC CFS 1,012
MUNIS-SUPPORT-NY CISCO CFS 2,970
OTC Options-NY IPC INFORMATION SYSTEMS CFS 6,339
Systems-NY ERGONOMIC CFS 1,520
Systems-NY ERGONOMIC CFS 1,559
Systems-NY ERGONOMIC CFS 18,706
Systems-NY SFTHOUSE CFS 502
Systems-NY SFTHOUSE CFS 703
Systems-NY EN POINTE CFS 795
Systems-NY EN POINTE CFS 2,336
Systems-NY EN POINTE CFS 4,246
Systems-NY EN POINTE CFS 2,186
Systems-NY EN POINTE CFS 2,270
Systems-NY EN POINTE CFS 1,288
Systems-NY EN POINTE CFS 890
Systems-NY EN POINTE CFS 5,153
Systems-NY EN POINTE CFS 2,294
Systems-NY EN POINTE CFS 1,553
Systems-NY EN POINTE CFS 3,842
Systems-NY EN POINTE CFS 5,252
Systems-NY EN POINTE CFS 2,286
Systems-NY SCM CFS 20,466
Systems-NY AVNET CFS 2,490
Systems-NY AVNET CFS 1,949
Systems-NY AVNET CFS 2,531
Systems-NY AVNET CFS 1,378
Systems-NY AVNET CFS 2,539
Systems-NY CORP COMP CFS 1,900
Systems-NY PIONEER CFS 1,589
Systems-NY PIONEER CFS 1,589
Systems-NY MICROWARE CFS 857
Accounting-NY CISCO CFS 3,185
Accounting-NY CISCO CFS 10,743
Accounting-NY CISCO CFS 530
Accounting-NY NETWORK CFS 1,230
Accounting-NY SUNMICRO CFS 6,597
Accounting-NY SUNMICRO CFS 1,276
Agencies CISCO CFS 1,132
Agencies CISCO CFS 3,820
Agencies SUNMICRO CFS 2,346
Art-NY CISCO CFS 716
Business Administration CISCO CFS 716
COMMUNICATIONS (SUSPENSE)(B-BP100) IPC INFORMATION SYSTEMS CFS 5,597
Communications-NY CISCO CFS 1,132
Communications-NY CISCO CFS 3,820
Communications-NY SUNMICRO CFS 2,346
Corporate Bonds-Canadians CISCO CFS 1,671
Corporate Bonds-Canadians SUNMICRO CFS 1,026
Corporate Bonds-Corp Convertible Bonds CISCO CFS 1,432
Corporate Bonds-Corp Convertible Bonds SUNMICRO CFS 880
Corporate Bonds-High level Transaction CISCO CFS 716
Corporate Bonds-Industrials CISCO CFS 1,194
Corporate Bonds-Industrials SUNMICRO CFS 733
Corporate Bonds-Intermediates CISCO CFS 779
Corporate Bonds-Intermediates CISCO CFS 2,626
Corporate Bonds-Intermediates SUNMICRO CFS 1,613
Corporate Bonds-Junks CISCO CFS 566
Corporate Bonds-Junks CISCO CFS 1,910
Corporate Bonds-Junks SUNMICRO CFS 1,173
Corporate Bonds-Med Term Notes CISCO CFS 1,671
Corporate Bonds-Med Term Notes SUNMICRO CFS 1,026
Corporate Bonds-Support CISCO CFS 708
Corporate Bonds-Support CISCO CFS 2,387
Corporate Bonds-Support SUNMICRO CFS 1,466
Corporate Bonds-Utilities/tel/ret CISCO CFS 1,194
Corporate Bonds-Utilities/tel/ret SUNMICRO CFS 733
Corporate-NY CISCO CFS 1,203
Corporate-NY CISCO CFS 4,059
Corporate-NY SUNMICRO CFS 2,492
Credit CISCO CFS 566
Credit CISCO CFS 1,910
Credit SUNMICRO CFS 1,173
Environmental (EBS)-San Francisco CISCO CFS 955
Environmental (EBS)-San Francisco SUNMICRO CFS 586
Equity Screen Brokerage CISCO CFS 708
Equity Screen Brokerage CISCO CFS 2,387
Equity Screen Brokerage SUNMICRO CFS 1,466
FX Forward Mark CISCO CFS 1,671
FX Forward Mark SUNMICRO CFS 1,026
FX Forward Yen CISCO CFS 637
FX Forward Yen CISCO CFS 2,149
FX Forward Yen SUNMICRO CFS 1,319
FX Options-NY CISCO CFS 1,416
FX Options-NY CISCO CFS 4,775
FX Options-NY NETWORK CFS 547
FX Options-NY SUNMICRO CFS 2,932
FX Options-NY SUNMICRO CFS 567
GSB - SHARED COST(B-6C000) MIDWEST SYSTEMS CFS 2,095
GSB - SHARED COST(B-6C000) MIDWEST SYSTEMS CFS 1,973
GSB-Bills CISCO CFS 1,628
GSB-Bills CISCO CFS 5,491
GSB-Bills NETWORK CFS 629
GSB-Bills SUNMICRO CFS 3,372
GSB-Bills SUNMICRO CFS 652
GSB-CF Kross CISCO CFS 2,053
GSB-CF Kross CISCO CFS 6,924
GSB-CF Kross CISCO CFS 5,690
GSB-CF Kross CISCO CFS 819
GSB-CF Kross CISCO CFS 2,118
GSB-CF Kross CISCO CFS 985
GSB-CF Kross CISCO CFS 1,229
GSB-CF Kross NETWORK CFS 793
GSB-CF Kross SUNMICRO CFS 4,251
GSB-CF Kross SUNMICRO CFS 822
GSB-Intermediate CISCO CFS 4,034
GSB-Intermediate CISCO CFS 13,608
GSB-Intermediate CISCO CFS 671
GSB-Intermediate NETWORK CFS 1,559
GSB-Intermediate NETWORK CFS 508
GSB-Intermediate SUNMICRO CFS 8,356
GSB-Intermediate SUNMICRO CFS 1,616
GSB-Long CISCO CFS 3,043
GSB-Long CISCO CFS 10,266
GSB-Long CISCO CFS 506
GSB-Long NETWORK CFS 1,176
GSB-Long SUNMICRO CFS 6,304
GSB-Long SUNMICRO CFS 1,219
GSB-Odd Lots CISCO CFS 566
GSB-Odd Lots CISCO CFS 1,910
GSB-Odd Lots SUNMICRO CFS 1,173
GSB-Short CISCO CFS 3,327
GSB-Short CISCO CFS 11,221
GSB-Short CISCO CFS 553
GSB-Short NETWORK CFS 1,285
GSB-Short SUNMICRO CFS 6,890
GSB-Short SUNMICRO CFS 1,332
GSB-Short/Intermediate CISCO CFS 3,468
GSB-Short/Intermediate CISCO CFS 11,698
GSB-Short/Intermediate CISCO CFS 577
GSB-Short/Intermediate NETWORK CFS 1,340
GSB-Short/Intermediate SUNMICRO CFS 7,183
GSB-Short/Intermediate SUNMICRO CFS 1,389
GSB-Spread Brokerage CISCO CFS 1,671
GSB-Spread Brokerage SUNMICRO CFS 1,026
GSB-Swaps CISCO CFS 1,274
GSB-Swaps CISCO CFS 4,297
GSB-Swaps SUNMICRO CFS 2,639
GSB-Swaps SUNMICRO CFS 510
GSB-Volume Control CISCO CFS 708
GSB-Volume Control CISCO CFS 2,387
GSB-Volume Control SUNMICRO CFS 1,466
GSB-Zeros CISCO CFS 849
GSB-Zeros CISCO CFS 2,865
GSB-Zeros SUNMICRO CFS 1,759
Human Resources-NY CISCO CFS 1,671
Human Resources-NY SUNMICRO CFS 1,026
IRS-CM IR Options CISCO CFS 708
IRS-CM IR Options CISCO CFS 2,387
IRS-CM IR Options SUNMICRO CFS 1,466
IRS-CM Mediums CISCO CFS 779
IRS-CM Mediums CISCO CFS 2,626
IRS-CM Mediums SUNMICRO CFS 1,613
IRS-CM SS/FRAS CISCO CFS 1,062
IRS-CM SS/FRAS CISCO CFS 3,581
IRS-CM SS/FRAS SUNMICRO CFS 2,199
Legal-NY CISCO CFS 708
Legal-NY CISCO CFS 2,387
Legal-NY SUNMICRO CFS 1,466
Marketing-NY CISCO CFS 1,194
Marketing-NY SUNMICRO CFS 733
MBSB-ARMS CISCO CFS 955
MBSB-ARMS SUNMICRO CFS 586
MBSB-CMOS CISCO CFS 1,194
MBSB-CMOS SUNMICRO CFS 733
MBSB-GNMA CISCO CFS 1,628
MBSB-GNMA CISCO CFS 5,491
MBSB-GNMA NETWORK CFS 629
MBSB-GNMA SUNMICRO CFS 3,372
MBSB-GNMA SUNMICRO CFS 652
MBSB-REGIONALS CISCO CFS 716
MBSB-STRIPS CISCO CFS 1,432
MBSB-STRIPS SUNMICRO CFS 880
MBSB-SUPPORT STAFF CISCO CFS 637
MBSB-SUPPORT STAFF CISCO CFS 2,149
MBSB-SUPPORT STAFF SUNMICRO CFS 1,319
MMI-NY CISCO CFS 637
MMI-NY CISCO CFS 2,149
MMI-NY SUNMICRO CFS 1,319
MUNIS-BID WANTED-NY CISCO CFS 566
MUNIS-BID WANTED-NY CISCO CFS 1,910
MUNIS-BID WANTED-NY SUNMICRO CFS 1,173
MUNIS-DOLLAR REVENUE-NY CISCO CFS 1,671
MUNIS-DOLLAR REVENUE-NY SUNMICRO CFS 1,026
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 779
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 2,626
MUNIS-GENERAL OBLIGATIONS-NY SUNMICRO CFS 1,613
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 708
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 2,387
MUNIS-NY & PR SERIALS & DOLLARS-NY SUNMICRO CFS 1,466
MUNIS-SUPPORT-NY CISCO CFS 716
Office Services-NY CISCO CFS 2,477
Office Services-NY CISCO CFS 8,356
Office Services-NY NETWORK CFS 957
Office Services-NY SUNMICRO CFS 5,131
Office Services-NY SUNMICRO CFS 992
OPS-EQUITIES(B-BF200) CISCO CFS 5,167
OPS-EQUITIES(B-BF200) CISCO CFS 17,428
OPS-EQUITIES(B-BF200) CISCO CFS 859
OPS-EQUITIES(B-BF200) NETWORK CFS 1,996
OPS-EQUITIES(B-BF200) NETWORK CFS 650
OPS-EQUITIES(B-BF200) SUNMICRO CFS 10,701
OPS-EQUITIES(B-BF200) SUNMICRO CFS 2,070
OTC Options-NY CISCO CFS 637
OTC Options-NY CISCO CFS 2,149
OTC Options-NY SUNMICRO CFS 1,319
SYSTEMS - TO BE ALLOCATED(B-BA500) EN POINTE CFS 2,663
Systems-NY CISCO CFS 4,453
Systems-NY ADVMOD CFS 1,949
Systems-NY ELECTRO CFS 1,342
Systems-NY BARRY ELEC CFS 6,766
Systems-NY MIDWEST SYSTEMS CFS 7,629
Tax-NY CISCO CFS 716
CISCO CFS 1,802
CISCO CFS 3,104
CISCO CFS 3,095
Accounting-NY CISCO CFS 11,117
Accounting-NY CISCO CFS 5,695
Agencies CISCO CFS 2,582
Agencies CISCO CFS 3,630
Agencies CISCO CFS 1,860
Art-NY CISCO CFS 681
Business Administration CISCO CFS 681
Communications-NY CISCO CFS 2,550
Communications-NY CISCO CFS 1,860
Corporate Bonds-Canadians CISCO CFS 1,588
Corporate Bonds-Canadians CISCO CFS 814
Corporate Bonds-Corp Convertible Bonds CISCO CFS 1,361
Corporate Bonds-Corp Convertible Bonds CISCO CFS 697
Corporate Bonds-High level Transaction CISCO CFS 681
Corporate Bonds-Industrials CISCO CFS 1,134
Corporate Bonds-Industrials CISCO CFS 581
Corporate Bonds-Intermediates CISCO CFS 2,722
Corporate Bonds-Intermediates CISCO CFS 1,395
Corporate Bonds-Junks CISCO CFS 2,042
Corporate Bonds-Junks CISCO CFS 1,046
Corporate Bonds-Med Term Notes CISCO CFS 1,588
Corporate Bonds-Med Term Notes CISCO CFS 814
Corporate Bonds-New Issues\Regionals CISCO CFS 681
Corporate Bonds-out of town CISCO CFS 1,035
Corporate Bonds-out of town CISCO CFS 1,032
Corporate Bonds-Support CISCO CFS 1,361
Corporate Bonds-Support CISCO CFS 697
Corporate Bonds-Utilities/tel/ret CISCO CFS 1,134
Corporate Bonds-Utilities/tel/ret CISCO CFS 581
Corporate-NY CISCO CFS 4,084
Corporate-NY CISCO CFS 2,092
Credit CISCO CFS 2,496
Credit CISCO CFS 1,279
Emerging Markets Brady Bonds CISCO CFS 2,069
Emerging Markets Brady Bonds CISCO CFS 2,063
Emerging Markets Brady Bonds CISCO CFS 2,762
Emerging Markets Brady Bonds CISCO CFS 7,033
Emerging Markets Brady Bonds CISCO CFS 3,603
Emerging Markets Brady Bonds ADVMOD CFS 9,743
Emerging Markets Brady Bonds ADVMOD CFS 15,588
Emerging Markets Brady Bonds ADVMOD CFS 1,949
Emerging Markets Brady Bonds JENCOM CFS 776
Emerging Markets Brady Bonds JENCOM CFS 691
Emerging Markets Brady Bonds LIGHTWAVE CFS 1,463
Emerging Markets Brady Bonds NETWORK CFS 6,684
Emerging Markets Euro Bonds CISCO CFS 2,069
Emerging Markets Euro Bonds CISCO CFS 2,063
Emerging Markets Euro Bonds CISCO CFS 2,722
Emerging Markets Euro Bonds CISCO CFS 1,395
Environmental (EBS) ADVMOD CFS 2,368
Environmental (EBS) ADVMOD CFS 1,949
Environmental (EBS) ADVMOD CFS 1,949
Environmental (EBS) ADVMOD CFS 6,966
Equity Screen Brokerage CISCO CFS 1,035
Equity Screen Brokerage CISCO CFS 1,032
Equity Screen Brokerage CISCO CFS 3,403
Equity Screen Brokerage CISCO CFS 1,744
Euro's London CISCO CFS 780
FX Forward Mark CISCO CFS 900
FX Forward Mark CISCO CFS 2,762
FX Forward Mark CISCO CFS 2,550
FX Forward Mark CISCO CFS 814
FX Forward Mark ADVMOD CFS 1,949
FX Forward Yen CISCO CFS 902
FX Forward Yen CISCO CFS 2,042
FX Forward Yen CISCO CFS 1,046
FX Forward Yen ADVMOD CFS 1,949
FX Options-Exotic - NY CISCO CFS (227)
FX Options-Exotic - NY CISCO CFS (6)
FX Options-Exotic - NY CISCO CFS (581)
FX Options-NY CISCO CFS 4,084
FX Options-NY CISCO CFS 2,092
FX Options-NY ADVMOD CFS 1,949
GSB - SHARED COST(B-6C000) CISCO CFS 7,801
GSB - SHARED COST(B-6C000) CISCO CFS 11,382
GSB - SHARED COST(B-6C000) CISCO CFS 11,349
GSB - SHARED COST(B-6C000) CISCO CFS 2,762
GSB - SHARED COST(B-6C000) ADVMOD CFS 1,949
GSB - SHARED COST(B-6C000) ADVMOD CFS 3,897
GSB-Bills CISCO CFS 4,537
GSB-Bills CISCO CFS 2,325
GSB-CF Kross CISCO CFS 6,126
GSB-CF Kross CISCO CFS 3,138
GSB-Intermediate CISCO CFS 13,974
GSB-Intermediate CISCO CFS 6,625
GSB-Long CISCO CFS 10,302
GSB-Long CISCO CFS 4,766
GSB-Odd Lots CISCO CFS 2,042
GSB-Odd Lots CISCO CFS 1,046
GSB-Proprietary Desk CISCO CFS 1,134
GSB-Proprietary Desk CISCO CFS 581
GSB-Short CISCO CFS 11,905
GSB-Short CISCO CFS 5,114
GSB-Short/Intermediate CISCO CFS 10,890
GSB-Short/Intermediate CISCO CFS 5,579
GSB-Spread Brokerage CISCO CFS 1,361
GSB-Spread Brokerage CISCO CFS 697
GSB-Swaps CISCO CFS 6,234
GSB-Swaps CISCO CFS 2,208
GSB-Volume Control CISCO CFS 1,361
GSB-Volume Control CISCO CFS 697
GSB-Zeros CISCO CFS 2,722
GSB-Zeros CISCO CFS 1,395
Human Resources-NY CISCO CFS 1,588
Human Resources-NY CISCO CFS 814
IES CISCO CFS 1,588
IES CISCO CFS 814
IRS-CM IR Options CISCO CFS 2,042
IRS-CM IR Options CISCO CFS 1,046
IRS-CM Mediums CISCO CFS 2,949
IRS-CM Mediums CISCO CFS 1,511
IRS-CM SS/FRAS CISCO CFS 4,084
IRS-CM SS/FRAS CISCO CFS 2,092
IRS-LONDON FRA CISCO CFS 3,176
IRS-LONDON FRA CISCO CFS 1,627
Legal-NY CISCO CFS 3,176
Legal-NY CISCO CFS 1,627
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 2,762
Marketing-NY CISCO CFS 907
MBSB-ARMS CISCO CFS 681
MBSB-CMOS CISCO CFS 1,134
MBSB-CMOS CISCO CFS 581
MBSB-GNMA CISCO CFS 1,802
MBSB-GNMA CISCO CFS 5,218
MBSB-GNMA CISCO CFS 2,673
MBSB-REGIONALS CISCO CFS 681
MBSB-STRIPS CISCO CFS 1,361
MBSB-STRIPS CISCO CFS 697
MBSB-SUPPORT STAFF CISCO CFS 2,042
MBSB-SUPPORT STAFF CISCO CFS 1,046
MMI-NY CISCO CFS 2,042
MMI-NY CISCO CFS 1,046
MUNIS-BID WANTED-NY CISCO CFS 1,815
MUNIS-BID WANTED-NY CISCO CFS 930
MUNIS-DOLLAR REVENUE-NY CISCO CFS 1,588
MUNIS-DOLLAR REVENUE-NY CISCO CFS 814
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 2,949
MUNIS-GENERAL OBLIGATIONS-NY CISCO CFS 1,511
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 2,042
MUNIS-NY & PR SERIALS & DOLLARS-NY CISCO CFS 1,046
MUNIS-SUPPORT-NY ADVMOD CFS 1,949
Office Services-NY CISCO CFS 8,167
Office Services-NY CISCO CFS 4,184
OPS-EQUITIES(B-BF200) CISCO CFS 18,604
OPS-EQUITIES(B-BF200) CISCO CFS 9,531
OTC Options-NY CISCO CFS 2,042
OTC Options-NY CISCO CFS 1,046
Projects CISCO CFS 907
Systems-NY LIGHTWAVE CFS 1,463
Systems-NY ELECTRO CFS 801
Tax-NY CISCO CFS 1,361
Tax-NY CISCO CFS 697
Training Dept. General CISCO CFS 4,537
Training Dept. General CISCO CFS 2,325
Accounting-NY SUNMICRO CFS 5,896
Accounting-NY SUNMICRO CFS 964
Accounting-NY SUNMICRO CFS 1,027
Accounting-NY SUNMICRO CFS 1,274
Agencies SUNMICRO CFS 1,925
Communications-NY ENTEX CFS 2,291
Corporate Bonds-Canadians SUNMICRO CFS 842
Corporate Bonds-Corp Convertible Bonds SUNMICRO CFS 722
Corporate Bonds-Industrials SUNMICRO CFS 602
Corporate Bonds-Intermediates SUNMICRO CFS 1,444
Corporate Bonds-Junks SUNMICRO CFS 1,083
Corporate Bonds-Med Term Notes SUNMICRO CFS 842
Corporate Bonds-Support SUNMICRO CFS 722
Corporate Bonds-Utilities/tel/ret SUNMICRO CFS 602
Credit SUNMICRO CFS 1,324
Emerging Markets Brady Bonds CISCO CFS 8,286
Emerging Markets Brady Bonds SUNMICRO CFS 3,730
Emerging Markets Brady Bonds SUNMICRO CFS 610
Emerging Markets Brady Bonds SUNMICRO CFS 650
Emerging Markets Brady Bonds SUNMICRO CFS 806
Emerging Markets Euro Bonds SUNMICRO CFS 1,444
Equity Screen Brokerage SUNMICRO CFS 1,805
FX Forward Mark CISCO CFS 2,762
FX Forward Mark SUNMICRO CFS 842
FX Forward Yen SUNMICRO CFS 1,083
FX Options-Exotic - NY SUNMICRO CFS (120)
FX Options-Exotic - NY SUNMICRO CFS (20)
FX Options-Exotic - NY SUNMICRO CFS (21)
FX Options-Exotic - NY SUNMICRO CFS (26)
FX Options-NY SUNMICRO CFS 2,166
GSB - SHARED COST(B-6C000) CISCO CFS 12,783
GSB-Bills SUNMICRO CFS 2,407
GSB-Bills SUNMICRO CFS 520
GSB-CF Kross SUNMICRO CFS 3,490
GSB-CF Kross SUNMICRO CFS 570
GSB-CF Kross SUNMICRO CFS 608
GSB-CF Kross SUNMICRO CFS 754
GSB-Intermediate SUNMICRO CFS 6,859
GSB-Intermediate SUNMICRO CFS 1,121
GSB-Intermediate SUNMICRO CFS 1,194
GSB-Intermediate SUNMICRO CFS 1,482
GSB-Long CISCO CFS 2,762
GSB-Long SUNMICRO CFS 4,934
GSB-Long SUNMICRO CFS 806
GSB-Long SUNMICRO CFS 859
GSB-Long SUNMICRO CFS 1,066
GSB-Odd Lots SUNMICRO CFS 1,083
GSB-Proprietary Desk SUNMICRO CFS 602
GSB-Short SUNMICRO CFS 5,295
GSB-Short SUNMICRO CFS 865
GSB-Short SUNMICRO CFS 922
GSB-Short SUNMICRO CFS 1,144
GSB-Short/Intermediate SUNMICRO CFS 5,776
GSB-Short/Intermediate SUNMICRO CFS 944
GSB-Short/Intermediate SUNMICRO CFS 1,006
GSB-Short/Intermediate SUNMICRO CFS 1,248
GSB-Spread Brokerage SUNMICRO CFS 722
GSB-Swaps SUNMICRO CFS 2,286
GSB-Volume Control SUNMICRO CFS 722
GSB-Zeros SUNMICRO CFS 1,444
IRS-CM IR Options SUNMICRO CFS 1,083
IRS-CM Mediums SUNMICRO CFS 1,564
IRS-CM SS/FRAS SUNMICRO CFS 2,166
IRS-LONDON FRA SUNMICRO CFS 1,685
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 2,762
MBSB-CMOS SUNMICRO CFS 602
MBSB-GNMA SUNMICRO CFS 2,768
MBSB-GNMA SUNMICRO CFS 598
MBSB-STRIPS SUNMICRO CFS 722
MBSB-SUPPORT STAFF SUNMICRO CFS 1,083
MMI-NY SUNMICRO CFS 1,083
MUNIS-BID WANTED-NY SUNMICRO CFS 963
MUNIS-DOLLAR REVENUE-NY SUNMICRO CFS 842
MUNIS-GENERAL OBLIGATIONS-NY SUNMICRO CFS 1,564
MUNIS-NY & PR SERIALS & DOLLARS-NY SUNMICRO CFS 1,083
MUNIS-SUPPORT-NY CISCO CFS 8,286
OPS-EQUITIES(B-BF200) SUNMICRO CFS 9,867
OPS-EQUITIES(B-BF200) SUNMICRO CFS 1,613
OPS-EQUITIES(B-BF200) SUNMICRO CFS 1,718
OPS-EQUITIES(B-BF200) SUNMICRO CFS 2,133
OTC Options-NY SUNMICRO CFS 1,083
SYSTEMS - TO BE ALLOCATED(B-BA500) SPARTAN ELECTRONICS, INC. CFS (130)
Systems-NY ELECTRO CFS 1,302
Communications-NY THE ANGELES GROUP INC CFS 26,018
Communications-NY THE ANGELES GROUP INC CFS 26,018
Communications-NY MICROAGE CFS 7,610
Emerging Markets Brady Bonds JENCOM CFS 1,047
Emerging Markets Brady Bonds JENCOM CFS 1,176
Emerging Markets Brady Bonds JENCOM CFS 1,040
Emerging Markets Brady Bonds JENCOM CFS 526
Environmental (EBS) CISCO CFS 2,110
Equity Screen Brokerage CISCO CFS 2,110
FX Forward Yen CISCO CFS 1,711
GSB - SHARED COST(B-6C000) ERGONOMIC CFS 1,715
GSB - SHARED COST(B-6C000) JENCOM CFS 955
GSB - SHARED COST(B-6C000) EN POINTE CFS 799
GSB-Odd Lots CISCO CFS 2,110
GSB-Swaps CISCO CFS 4,221
GSB-Swaps JENCOM CFS 764
Headcount all CISCO CFS 8,160
Headcount all CISCO CFS 1,632
Headcount all ERGONOMIC CFS 725
Headcount all EN POINTE CFS 2,581
Headcount all EN POINTE CFS 5,162
Headcount all EN POINTE CFS 4,592
Headcount all EN POINTE CFS 7,684
Headcount all EN POINTE CFS 5,122
Headcount all EN POINTE CFS 5,252
Headcount all EN POINTE CFS 9,145
Headcount NY CISCO CFS 6,184
Human Resources-NY SFTHOUSE CFS 572
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 17,889
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 19,555
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 44,317
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 2,767
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 1,694
LONDON OFF THE RUNS (OTR)(B-6D000) JENCOM CFS 2,673
LONDON OFF THE RUNS (OTR)(B-6D000) EN POINTE CFS 888
LONDON OFF THE RUNS (OTR)(B-6D000) EN POINTE CFS 1,444
Project-Emerging Markets CISCO CFS 1,711
Systems-NY INFOTECH CFS 1,714
Systems-NY INFOTECH CFS 3,026
Systems-NY INFOTECH CFS 7,179
Systems-NY CISCO CFS 154,574
Systems-NY CISCO CFS 4,230
Systems-NY CISCO CFS 2,110
Systems-NY CISCO CFS 9,763
Systems-NY ERGONOMIC CFS 7,400
Systems-NY ERGONOMIC CFS 5,841
Systems-NY ERGONOMIC CFS 1,327
Systems-NY JENCOM CFS 1,044
Systems-NY JENCOM CFS 529
Systems-NY JENCOM CFS 712
Systems-NY INACOM CFS 8,886
Systems-NY EN POINTE CFS 1,866
Systems-NY EN POINTE CFS 3,116
Systems-NY EN POINTE CFS 2,246
Systems-NY EN POINTE CFS 1,196
Systems-NY EN POINTE CFS 1,081
Systems-NY EN POINTE CFS 3,791
Systems-NY EN POINTE CFS 915
Systems-NY EN POINTE CFS 3,853
Systems-NY EN POINTE CFS 8,080
Systems-NY EN POINTE CFS 3,147
Systems-NY EN POINTE CFS 2,334
Systems-NY EN POINTE CFS 2,895
Systems-NY EN POINTE CFS 1,190
Systems-NY EN POINTE CFS 5,235
Systems-NY EN POINTE CFS 3,176
Systems-NY EN POINTE CFS 665
Systems-NY EN POINTE CFS 1,892
Systems-NY EN POINTE CFS 1,869
Systems-NY EN POINTE CFS 1,185
Systems-NY EN POINTE CFS 2,130
Systems-NY EN POINTE CFS 2,130
Systems-NY EN POINTE CFS 5,152
Systems-NY EN POINTE CFS 2,485
Systems-NY EN POINTE CFS 902
Systems-NY EN POINTE CFS 3,884
Systems-NY EN POINTE CFS 5,469
Systems-NY EN POINTE CFS 1,165
Systems-NY EN POINTE CFS 1,570
Systems-NY EN POINTE CFS 1,584
Systems-NY EXIDE CFS 43,391
Systems-NY ELECTRO CFS 1,368
Systems-NY SPARTAN CFS 1,865
Systems-NY PIONEER CFS 577
Systems-NY CORP COMP CFS 2,708
Systems-NY CORP COMP CFS 7,591
Systems-NY CORP COMP CFS 5,416
Systems-NY CORP COMP CFS 2,708
Systems-NY CORP COMP CFS 2,679
Systems-NY CORP COMP CFS 2,689
Systems-NY CORP COMP CFS 3,645
Systems-NY CORP COMP CFS 973
Systems-NY CORP COMP CFS 5,376
Systems-NY CORP COMP CFS 915
Systems-NY CORP COMP CFS 2,704
Systems-NY CORP COMP CFS 930
Systems-NY CORP COMP CFS 926
Systems-NY CORP COMP CFS 926
Systems-NY CORP COMP CFS 913
Systems-NY RECOM CFS 11,762
Systems-NY MICROAGE CFS 5,718
Systems-NY MICROAGE CFS 2,859
Systems-NY MICROAGE CFS 2,859
Systems-NY VANSTAR CFS 10,008
Systems-NY VANSTAR CFS 2,803
Systems-NY VANSTAR CFS 2,848
Emerging Markets Brady Bonds JENCOM CFS (1,047)
Emerging Markets Brady Bonds JENCOM CFS (1,176)
Headcount all CISCO CFS (4,896)
Headcount all EN POINTE CFS (1,291)
Headcount all EN POINTE CFS (3,872)
Headcount all EN POINTE CFS (4,592)
Headcount all EN POINTE CFS (5,122)
Headcount all EN POINTE CFS (3,842)
Headcount all EN POINTE CFS (6,859)
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS (14,772)
SYSTEMS - TO BE ALLOCATED(B-BA500) EN POINTE CFS (2,663)
Systems-NY CISCO CFS (154,574)
Systems-NY CISCO CFS (2,110)
Systems-NY EN POINTE CFS (1,573)
Systems-NY EN POINTE CFS (1,588)
Systems-NY EN POINTE CFS (946)
Systems-NY EN POINTE CFS (1,869)
Systems-NY EN POINTE CFS (338)
Systems-NY EN POINTE CFS (3,625)
Systems-NY EN POINTE CFS (4,557)
Systems-NY EN POINTE CFS (582)
Systems-NY SPARTAN CFS (1,865)
Systems-NY SFTHOUSE CFS (364)
Systems-NY CORP COMP CFS (6,073)
Systems-NY CORP COMP CFS (2,708)
Systems-NY CORP COMP CFS (3,645)
Systems-NY CORP COMP CFS (486)
Accounting-NY MIDWEST SYSTEMS CFS 6,129
Accounting-NY MIDWEST SYSTEMS CFS 9,433
Accounting-NY EN POINTE CFS 2,362
Accounting-NY EN POINTE CFS 3,637
Accounting-NY EN POINTE CFS 4,939
Agencies EN POINTE CFS 3,584
Communications-NY CORP COMP CFS 9,434
Communications-NY FARMSTEAD TELEPHONE GROUP CFS 5,997
Communications-NY EN POINTE CFS 2,325
Communications-NY SFTHOUSE CFS 2,970
Communications-NY SFTHOUSE CFS 2,342
Communications-NY SFTHOUSE CFS 1,678
Communications-NY SFTHOUSE CFS 2,122
Communications-NY MICROAGE CFS 2,441
Corporate Bonds-Canadians CISCO CFS 2,870
Corporate Bonds-Corp Convertible Bonds JENCOM CFS 1,482
Corporate Bonds-High level Transaction CISCO CFS 3,179
Corporate Bonds-High level Transaction JENCOM CFS 1,032
Corporate Bonds-High level Transaction JENCOM CFS 1,036
Corporate Bonds-out of town CISCO CFS 9,537
Corporate-NY EN POINTE CFS 6,281
Corporate-NY EN POINTE CFS 2,357
Corporate-NY EN POINTE CFS 3,632
Emerging Markets Brady Bonds CISCO CFS 1,220
Emerging Markets Brady Bonds CISCO CFS 661
Emerging Markets Brady Bonds CISCO CFS 1,960
Emerging Markets Brady Bonds CISCO CFS 1,148
Emerging Markets Brady Bonds CISCO CFS 5,134
Emerging Markets Brady Bonds CISCO CFS 6,343
Emerging Markets Brady Bonds CISCO CFS 6,358
Emerging Markets Brady Bonds CISCO CFS 5,740
Emerging Markets Brady Bonds JENCOM CFS 2,064
Emerging Markets Brady Bonds JENCOM CFS 1,036
FX Forward Yen CISCO CFS 3,172
GSB - SHARED COST(B-6C000) CISCO CFS 1,711
GSB - SHARED COST(B-6C000) CISCO CFS 6,343
GSB - SHARED COST(B-6C000) JENCOM CFS 575
GSB - SHARED COST(B-6C000) JENCOM CFS 2,064
GSB - SHARED COST(B-6C000) JENCOM CFS 1,036
GSB-CF Kross SFTHOUSE CFS 620
GSB-Odd Lots CISCO CFS 3,172
GSB-Odd Lots CISCO CFS 3,179
GSB-Swaps CISCO CFS 1,711
GSB-Swaps CISCO CFS 9,515
GSB-Swaps CISCO CFS 3,179
GSB-Swaps CISCO CFS 3,193
GSB-Swaps CISCO CFS 5,740
GSB-Swaps JENCOM CFS 767
Headcount all SIEMENS CFS 7,460
Headcount all CISCO CFS 984
Headcount all CISCO CFS 1,223
Headcount all CISCO CFS 19,504
Headcount all CISCO CFS 38,111
Headcount all CISCO CFS 44,300
Headcount all CISCO CFS 27,427
Headcount all CISCO CFS 5,386
Headcount all CISCO CFS 9,756
Headcount all ERGONOMIC CFS 825
Headcount all ERGONOMIC CFS 2,206
Headcount all ERGONOMIC CFS 14,714
Headcount all CISCO CFS 32,481
Headcount all CISCO CFS 16,247
Headcount all CISCO CFS 16,256
Headcount all CISCO CFS 21,127
Headcount all CISCO CFS 11,375
Headcount all CISCO CFS 16,247
Headcount all CISCO CFS 3,248
Headcount all CISCO CFS 13,008
Headcount all CISCO CFS 17,892
Headcount all CISCO CFS 1,654
Headcount all JENCOM CFS 1,487
Headcount all JENCOM CFS 2,580
Headcount all JENCOM CFS 2,125
Headcount all JENCOM CFS 5,986
Headcount all JENCOM CFS 4,380
Headcount all JENCOM CFS 3,619
Headcount all JENCOM CFS 12,165
Headcount all EN POINTE CFS 1,291
Headcount all SYSTEMS CFS 700
Headcount all NETWORK CFS 11,095
Headcount all NETWORK CFS 22,989
Headcount NY SFTHOUSE CFS 591
Headcount NY ERGONOMIC CFS 2,605
Headcount NY ERGONOMIC CFS 1,275
Headcount NY EN POINTE CFS 6,281
Headcount NY EN POINTE CFS 2,357
Headcount NY EN POINTE CFS 3,632
Headcount NY WESTCHESTER CFS 4,705
Headcount UX SYSTEMS CFS 10,046
Headcount VX PIONEER CFS 3,127
Headcount VX PIONEER CFS 2,345
IES BOXHILL CFS 14,070
IRS-CM SS/FRAS CISCO CFS 3,172
IRS-CM SS/FRAS ITS CFS 9,161
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 9,750
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 9,756
LONDON OFF THE RUNS (OTR)(B-6D000) CISCO CFS 1,630
MUNIS-BID WANTED-NY CISCO CFS 2,870
MUNIS-SUPPORT-NY CISCO CFS 2,870
SYSTEMS DATA LINES(B-BA100) RECOM CFS 3,317
SYSTEMS DATA LINES(B-BA100) RECOM CFS 1,730
SYSTEMS DATA LINES(B-BA100) RECOM CFS 2,163
SYSTEMS DATA LINES(B-BA100) RECOM CFS 3,321
SYSTEMS DATA LINES(B-BA100) RECOM CFS 3,245
SYSTEMS DATA LINES(B-BA100) CISCO CFS 9,089
SYSTEMS DATA LINES(B-BA100) CISCO CFS 6,545
SYSTEMS DATA LINES(B-BA100) CISCO CFS 3,273
SYSTEMS DATA LINES(B-BA100) CISCO CFS 8,972
SYSTEMS DATA LINES(B-BA100) CISCO CFS 19,692
SYSTEMS DATA LINES(B-BA100) CISCO CFS 20,535
SYSTEMS DATA LINES(B-BA100) CISCO CFS 2,781
SYSTEMS DATA LINES(B-BA100) CISCO CFS 1,831
SYSTEMS DATA LINES(B-BA100) ERGONOMIC CFS 1,877
SYSTEMS DATA LINES(B-BA100) ERGONOMIC CFS 11,782
SYSTEMS DATA LINES(B-BA100) ERGONOMIC CFS 3,429
SYSTEMS DATA LINES(B-BA100) CISCO CFS 1,630
SYSTEMS DATA LINES(B-BA100) CISCO CFS 22,202
SYSTEMS DATA LINES(B-BA100) ERGONOMIC CFS 1,696
SYSTEMS DATA LINES(B-BA100) ERGONOMIC CFS 1,837
SYSTEMS DATA LINES(B-BA100) ERGONOMIC CFS 11,742
SYSTEMS DATA LINES(B-BA100) CISCO CFS 15,896
SYSTEMS DATA LINES(B-BA100) CISCO CFS 6,385
SYSTEMS DATA LINES(B-BA100) CISCO CFS 17,220
SYSTEMS DATA LINES(B-BA100) CISCO CFS 1,397
SYSTEMS DATA LINES(B-BA100) CISCO CFS 1,640
SYSTEMS DATA LINES(B-BA100) CISCO CFS 9,759
SYSTEMS DATA LINES(B-BA100) CISCO CFS 666
SYSTEMS DATA LINES(B-BA100) CISCO CFS 4,482
SYSTEMS DATA LINES(B-BA100) CISCO CFS 9,759
SYSTEMS DATA LINES(B-BA100) CISCO CFS 2,777
SYSTEMS DATA LINES(B-BA100) CISCO CFS 592
SYSTEMS DATA LINES(B-BA100) CISCO CFS 1,972
SYSTEMS DATA LINES(B-BA100) CISCO CFS 3,426
SYSTEMS DATA LINES(B-BA100) CISCO CFS 698
SYSTEMS DATA LINES(B-BA100) CISCO CFS 820
SYSTEMS DATA LINES(B-BA100) CISCO CFS 4,879
SYSTEMS DATA LINES(B-BA100) CISCO CFS 4,482
SYSTEMS DATA LINES(B-BA100) CISCO CFS 4,879
SYSTEMS DATA LINES(B-BA100) CISCO CFS 1,388
SYSTEMS DATA LINES(B-BA100) SFTHOUSE CFS 857
SYSTEMS DATA LINES(B-BA100) ADVMOD CFS 5,056
SYSTEMS DATA LINES(B-BA100) JENCOM CFS 1,087
SYSTEMS DATA LINES(B-BA100) JENCOM CFS 1,036
SYSTEMS DATA LINES(B-BA100) JENCOM CFS 522
SYSTEMS DATA LINES(B-BA100) JENCOM CFS 767
SYSTEMS DATA LINES(B-BA100) JENCOM CFS 1,637
SYSTEMS DATA LINES(B-BA100) JENCOM CFS 2,168
SYSTEMS DATA LINES(B-BA100) EN POINTE CFS 2,020
SYSTEMS DATA LINES(B-BA100) EN POINTE CFS 16,276
SYSTEMS DATA LINES(B-BA100) EN POINTE CFS 2,663
SYSTEMS DATA LINES(B-BA100) EN POINTE CFS 2,034
SYSTEMS DATA LINES(B-BA100) ELECTRO CFS 657
SYSTEMS DATA LINES(B-BA100) ELECTRO CFS 2,048
SYSTEMS DATA LINES(B-BA100) ELECTRO CFS 1,366
SYSTEMS DATA LINES(B-BA100) RECOM CFS 5,876
Systems-NY INFOTECH CFS 1,958
Systems-NY CISCO CFS 1,711
Systems-NY ERGONOMIC CFS 3,687
Systems-NY ERGONOMIC CFS 1,825
Systems-NY ERGONOMIC CFS 1,802
Systems-NY JENCOM CFS 4,859
Systems-NY JENCOM CFS 2,453
Systems-NY JENCOM CFS 1,061
Systems-NY JENCOM CFS 1,032
Systems-NY JENCOM CFS 1,637
Systems-NY JENCOM CFS 1,084
Systems-NY EN POINTE CFS 3,836
Systems-NY EN POINTE CFS 9,301
Systems-NY EN POINTE CFS 5,558
Systems-NY EN POINTE CFS 834
Systems-NY EN POINTE CFS 920
Systems-NY EN POINTE CFS 2,859
Systems-NY EN POINTE CFS 834
Systems-NY SFTHOUSE CFS 2,372
Systems-NY EN POINTE CFS 6,057
Systems-NY SYSTEMS CFS 700
Systems-NY EN POINTE CFS 693
Systems-NY SFTHOUSE CFS 1,082
Systems-NY SFTHOUSE CFS 4,684
Systems-NY SFTHOUSE CFS 2,407
Systems-NY SFTHOUSE CFS 970
Systems-NY SFTHOUSE CFS 2,347
Systems-NY ELECTRO CFS 679
Systems-NY ELECTRO CFS 659
Systems-NY SFTHOUSE CFS 537
Systems-NY BARRY CFS 4,059
Systems-NY BARRY CFS 4,059
Systems-NY CORP COMP CFS 506
Systems-NY SFTHOUSE CFS 749
Systems-NY CORP COMP CFS 924
Systems-NY CORP COMP CFS 2,715
Systems-NY CORP COMP CFS 1,257
Systems-NY MICROAGE CFS 3,626
Systems-NY VANSTAR CFS (2,002)
Systems-NY VANSTAR CFS 2,827
SYSTEMS DATA LINES(B-BA100) SFTHOUSE CFS 1,143
Systems-NY ADVMOD CFS 9,790
Systems-NY JENCOM CFS 1,146
Systems-NY SFTHOUSE CFS 2,365
Systems-NY SFTHOUSE CFS 1,082
Systems-NY SFTHOUSE CFS 2,356
Systems-NY SFTHOUSE CFS 736
Systems-NY SPARTAN CFS 559
Systems-NY CORP COMP CFS 1,810
Systems-NY MICROAGE CFS 4,998
Systems-NY MICROAGE CFS 1,342
Headcount NY EN POINTE CFS 2,807
SYSTEMS DATA LINES(B-BA100) VANSTAR CFS 20,016
Systems-NY AUTO-TROL CFS 24,897
Systems-NY EN POINTE CFS 2,298
Systems-NY SFTHOUSE CFS 1,623
Systems-NY SPARTAN CFS 1,865
Systems-NY SFTHOUSE CFS 999
Systems-NY CORP COMP CFS 905
Headcount all CISCO CFS 980
Headcount all CISCO CFS 574
Headcount NY EN POINTE CFS 5,925
Systems-NY INFOTECH CFS 6,162
Systems-NY ERGONOMIC CFS 926
Systems-NY ERGONOMIC CFS 3,172
Systems-NY ERGONOMIC CFS 1,613
Systems-NY ERGONOMIC CFS 3,163
Systems-NY ERGONOMIC CFS 13,295
Systems-NY ERGONOMIC CFS 2,384
Systems-NY CISCO CFS 3,672
Systems-NY JENCOM CFS 702
Systems-NY ASK CFS 682
Systems-NY AVNET CFS 3,449
Systems-NY SFTHOUSE CFS 2,372
Systems-NY SFTHOUSE CFS 1,202
Systems-NY BARRY CFS 2,030
Systems-NY BARRY CFS 6,089
Systems-NY SFTHOUSE CFS 4,134
Systems-NY TELELINE CFS 10,836
LONDON OFF THE RUNS (OTR)(B-6D000) JENCOM CFS 1,910
Office Services-NY EN POINTE CFS 5,925
SYSTEMS - TO BE ALLOCATED(B-BA500) ADVMOD CFS 1,632
SYSTEMS DATA LINES(B-BA100) SFTHOUSE CFS 1,143
SYSTEMS DATA LINES(B-BA100) VANSTAR CFS 20,016
Systems-Mercury Teledata-NY MICROAGE CFS 2,407
Systems-NY ENTEX INFO. SERVICES, INC CFS 6,582
Systems-NY ERGONOMIC CFS 13,408
Systems-NY ADVMOD CFS 3,263
Systems-NY JENCOM CFS 926
Systems-NY SFTHOUSE CFS 2,365
Systems-NY SFTHOUSE CFS 2,356
Systems-NY SFTHOUSE CFS 736
Systems-NY CORP COMP CFS 2,715
Systems-NY MICROAGE CFS 4,998
Systems-NY MICROAGE CFS 1,342
CANTOR DIGITAL SPEED(B-AV007) IBM CFS 2,430
ITD-Sales General SOFTWARE HOUSE CFS 772
SYSTEMS DATA LINES(B-BA100) Conrac Technology, Inc. CFS 16,951
Systems-NY Visigenic Software Inc. CFS 25,306
Systems-NY SOFTWARE HOUSE CFS 1,989
Systems-NY SOFTWARE HOUSE CFS 4,717
Systems-NY SOFTWARE HOUSE CFS 7,850
Systems-NY SOFTWARE HOUSE CFS 867
Systems-NY Neoware Systems, Inc. CFS 778
Systems-NY INFO TECH CFS 971
Systems-NY GEO Train Corporation CFS 1,895
Systems-NY BARRY ELECTRONICS CORP. CFS 4,059
Systems-NY INMAC CFS 1,298
Systems-NY MASTERING COMPUTERS, INC. CFS 2,190
ITD-Chicago SYSTEMS CFS 7,231
MMI-NY SOFTWARE HOUSE CFS 2,313
SYSTEMS - TO BE ALLOCATED(B-BA500) VARIOUS CFS 424
Systems-NY VARIOUS CFS 327
Systems-NY SOFTWARE HOUSE CFS 41,742
Systems-NY CISCO CFS 32,476
Systems-NY Jencom CFS 3,128
Tax-NY Computer Language CFS 13,341
Systems-NY Software House CFS 2,464
Systems-NY ERGONOMIC CFS 4,411
SYSTEMS - TO BE ALLOCATED(B-BA500) TELELINE CFS 22,570
Systems-NY REUTERS CFS 974
Canadians Coupons-Toronto INTERDEPARTMENTAL TRANSFERS CFS (400)
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 1,500
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 3,600
GSB-Odd Lots INTERDEPARTMENTAL TRANSFERS CFS 1,800
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (1,800)
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (3,200)
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (25)
MBSB-GNMA INTERDEPARTMENTAL TRANSFERS CFS 800
MBSB-GNMA INTERDEPARTMENTAL TRANSFERS CFS 25
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (400)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (160)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS -
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (160)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,500)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,200)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 300
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 100
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 1,600
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (60)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (2,000)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,600)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 200
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS -
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 1,600
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 1,200
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS -
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 400
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 1,400
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 500
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (75)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 100
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (40)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 150
INTERDEPARTMENTAL TRANSFERS CFS (1,258)
Canadians Coupons-Toronto INTERDEPARTMENTAL TRANSFERS CFS 629
CONNECTICUT SALES GENERAL INTERDEPARTMENTAL TRANSFERS CFS 1,257
Emerging Markets Brady Bonds INTERDEPARTMENTAL TRANSFERS CFS 629
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 1
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 1,557
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 84
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS (629)
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 1,433
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 629
GSB-CF Kross INFOTECH CFS 2,443
GSB-CURVE(B-63CUR) INTERDEPARTMENTAL TRANSFERS CFS 1,257
GSB-Odd Lots INTERDEPARTMENTAL TRANSFERS CFS 1,049
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS 1,257
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (384)
Headcount all CISCO CFS (40,000)
IRS-CM Mediums INTERDEPARTMENTAL TRANSFERS CFS 1,049
IRS-CM SS/FRAS INTERDEPARTMENTAL TRANSFERS CFS (629)
LDC Options INTERDEPARTMENTAL TRANSFERS CFS 1,258
Munis NY PR ERGONOMIC GROUP CFS 2,930
MUNIS-BID WANTED-NY INTERDEPARTMENTAL TRANSFERS CFS (1,257)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (496)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,196)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (2,515)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,557)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (3,255)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 3,594
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 516
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,562)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 2,112
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,436)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 981
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 58
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 726
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (84)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (629)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (3,146)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 83
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,266)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (92)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (146)
INTERDEPARTMENTAL TRANSFERS CFS (2,515)
INTERDEPARTMENTAL TRANSFERS CFS (561)
Central Development INTERDEPARTMENTAL TRANSFERS CFS 576
CONNECTICUT SALES GENERAL INTERDEPARTMENTAL TRANSFERS CFS 3,773
CONNECTICUT SALES GENERAL INTERDEPARTMENTAL TRANSFERS CFS 1,496
EM SUPPORT(B-EM350) INTERDEPARTMENTAL TRANSFERS CFS (632)
Emerging Markets Brady Bonds INTERDEPARTMENTAL TRANSFERS CFS (620)
Equities Development SOFTWARE HOUSE CFS 1,938
FX Options-Exotic - NY INTERDEPARTMENTAL TRANSFERS CFS 230
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS (1,257)
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 2,118
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 280
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS (461)
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS (1,645)
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 1,258
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 620
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 1,306
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 618
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 1,645
GSB-CF Kross CISCO CFS 14,458
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (1,557)
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (3,622)
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (618)
Infrastructure TELENEX CORPORATION CFS 4,978
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 2,107
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (140)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (520)
Infrastructure WHITE SANDS TECHNOLOGY CFS 6,483
Infrastructure CISCO CFS 5,171
Infrastructure CISCO CFS 31,034
Infrastructure AMERITECH CFS 790
Project-Emerging Markets INTERDEPARTMENTAL TRANSFERS CFS 1,257
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (208)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (69)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (664)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (276)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (520)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (144)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (2,516)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,496)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (213)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (576)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,470)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (981)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (380)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (140)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,075)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 313
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (14)
Tokyo-Back Office INTERDEPARTMENTAL TRANSFERS CFS 3,622
Tokyo-Back Office INTERDEPARTMENTAL TRANSFERS CFS 632
INTERDEPARTMENTAL TRANSFERS CFS 1,257
INTERDEPARTMENTAL TRANSFERS CFS (4,026)
INTERDEPARTMENTAL TRANSFERS CFS (1,557)
INTERDEPARTMENTAL TRANSFERS CFS (140)
103 PROJECT(B-AZ600) INTERDEPARTMENTAL TRANSFERS CFS (1,736)
Architecture INFOTECH CFS 6,985
CDS INTERDEPARTMENTAL TRANSFERS CFS 1,470
CDS INTERDEPARTMENTAL TRANSFERS CFS 123
CDS CISCO SYSTEMS CFS 4,472
CDS CISCO SYSTEMS CFS 15,517
Central Development INTERDEPARTMENTAL TRANSFERS CFS 54
Central Development INTERDEPARTMENTAL TRANSFERS CFS 3,448
Central Development INTERDEPARTMENTAL TRANSFERS CFS 56
Central Development INTERDEPARTMENTAL TRANSFERS CFS 1,970
Central Development INTERDEPARTMENTAL TRANSFERS CFS 2,054
Central Development INTERDEPARTMENTAL TRANSFERS CFS 347
Central Development INTERDEPARTMENTAL TRANSFERS CFS 1,209
Central Development WINMILL SOFTWARE CFS 68,835
Communications-NY INTERDEPARTMENTAL TRANSFERS CFS (605)
EM South african Gilts INTERDEPARTMENTAL TRANSFERS CFS (3,914)
Emerging Markets Brady Bonds INTERDEPARTMENTAL TRANSFERS CFS 114
FCM DESK FRONTIER CONFERTECH CFS 46,502
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 1,751
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 2,200
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 132
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 960
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 1,970
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 1,036
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 520
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 31
Futures-CME Chicago INTERDEPARTMENTAL TRANSFERS CFS 1,557
Futures-CME Chicago INTERDEPARTMENTAL TRANSFERS CFS 140
Futures-CME Chicago INTERDEPARTMENTAL TRANSFERS CFS 518
Futures-CME Chicago INTERDEPARTMENTAL TRANSFERS CFS 1,736
FX Options-NY INTERDEPARTMENTAL TRANSFERS CFS 1,151
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS (760)
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 2,515
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS (632)
GSB Chicago INTERDEPARTMENTAL TRANSFERS CFS 720
GSB Chicago INTERDEPARTMENTAL TRANSFERS CFS (2,014)
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 2,011
GSB-CURVE(B-63CUR) INTERDEPARTMENTAL TRANSFERS CFS 1,258
GSB-Intermediate INTERDEPARTMENTAL TRANSFERS CFS 632
GSB-Odd Lots INTERDEPARTMENTAL TRANSFERS CFS (518)
GSB-Proprietary Desk INTERDEPARTMENTAL TRANSFERS CFS 2,013
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (2,515)
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (632)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 288
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 179
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 760
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,495
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 3,914
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 2,012
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 2,014
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 3,788
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 9,232
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 2,140
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 553
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 3,472
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 440
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 437
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 3,064
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 605
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 2,236
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,470
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 6,176
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,210
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,036
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,070
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 210
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 396
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 276
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 230
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 932
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,944
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 4,893
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 151
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 12
Infrastructure TELENEX CORP CFS 790
Infrastructure TELENEX CFS 3,377
Infrastructure SOFTWARE HOUSE CFS 625
Infrastructure SOFTWARE HOUSE CFS 1,305
Infrastructure SOFTWARE HOUSE CFS 5,560
IRS-CM SS/FRAS INTERDEPARTMENTAL TRANSFERS CFS (632)
ITD Sales-LA INTERDEPARTMENTAL TRANSFERS CFS (3,788)
MUNIS-BID WANTED-NY INTERDEPARTMENTAL TRANSFERS CFS (2,514)
Power INTERDEPARTMENTAL TRANSFERS CFS (755)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (496)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (30,004)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (553)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (1,748)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (79)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (576)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (1,521)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (230)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (415)
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL COMPUTERS CFS 39,100
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL COMPUTERS CFS 27,041
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL COMPUTERS CFS 14,495
SYSTEMS - TO BE ALLOCATED(B-BA500) ADVANCED MODULAR CFS 22,337
SYSTEMS - TO BE ALLOCATED(B-BA500) CISCO SYSTEMS CFS 28,434
Systems Administration INTERDEPARTMENTAL TRANSFERS CFS 648
Systems Administration INTERDEPARTMENTAL TRANSFERS CFS 1,708
Systems Administration INTERDEPARTMENTAL TRANSFERS CFS 674
Systems-Mercury Teledata-NY INTERDEPARTMENTAL TRANSFERS CFS (1,751)
Systems-Mercury Teledata-NY INTERDEPARTMENTAL TRANSFERS CFS (1,296)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (325)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (480)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (288)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (179)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,257)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (720)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (54)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 213
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (5,196)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 1,977
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (2,200)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (572)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (437)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (56)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (3,064)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (605)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (851)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (2,236)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (960)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,470)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,470)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (605)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,970)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,468)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 1,521
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (210)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,070)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 230
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (173)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (751)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (932)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (648)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (4,893)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (151)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (31)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (123)
INTERDEPARTMENTAL TRANSFERS CFS (27,871)
INTERDEPARTMENTAL TRANSFERS CFS (4,455)
INTERDEPARTMENTAL TRANSFERS CFS (468)
Architecture INFOTECH CFS 1,829
CDS INTERDEPARTMENTAL TRANSFERS CFS (69)
Central Development INTERDEPARTMENTAL TRANSFERS CFS 88
Central Development INTERDEPARTMENTAL TRANSFERS CFS 593
Communications-NY INTERDEPARTMENTAL TRANSFERS CFS 2,054
EM ADR INTERDEPARTMENTAL TRANSFERS CFS 5,030
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 1,970
Futures-CME Chicago INTERDEPARTMENTAL TRANSFERS CFS 1,258
Futures-CME Chicago INTERDEPARTMENTAL TRANSFERS CFS 2,491
Futures-CME Chicago INTERDEPARTMENTAL TRANSFERS CFS 280
FX Forward Yen INTERDEPARTMENTAL TRANSFERS CFS (754)
FX Options-NY INTERDEPARTMENTAL TRANSFERS CFS 2,012
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 2,012
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 4,609
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 236
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 632
GSB Chicago INTERDEPARTMENTAL TRANSFERS CFS (934)
GSB Chicago INTERDEPARTMENTAL TRANSFERS CFS (48)
GSB Chicago INTERDEPARTMENTAL TRANSFERS CFS 1,222
GSB Chicago CISCO SYSTEMS, INC CFS 43,705
GSB-Bills INTERDEPARTMENTAL TRANSFERS CFS 754
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 2,011
GSB-Proprietary Desk INTERDEPARTMENTAL TRANSFERS CFS 1,257
GSB-Proprietary Desk INTERDEPARTMENTAL TRANSFERS CFS 2,337
GSB-Proprietary Desk INTERDEPARTMENTAL TRANSFERS CFS 140
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (754)
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (2,491)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 457
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (719)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (804)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (561)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (1,154)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (1,098)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (141)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (625)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (347)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 138
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 312
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (5,030)
Infrastructure COLORGRAPHIC CFS 612
Infrastructure SUFTWARE HOUSE CFS 1,908
Infrastructure SOFTWARE HOUSE CFS 67
Infrastructure SOFTWARE HOUSE CFS 2,636
Infrastructure SOFTWARE HOUSE CFS 482
Infrastructure AMERITECH CFS 2,085
IRS-CM SS/FRAS INTERDEPARTMENTAL TRANSFERS CFS (140)
ITD Sanfran INTERDEPARTMENTAL TRANSFERS CFS (3,788)
ITD-Chicago INTERDEPARTMENTAL TRANSFERS CFS 3,788
LONDON OFF THE RUNS (OTR)(B-6D000) INTERDEPARTMENTAL TRANSFERS CFS (1,557)
LONDON OFF THE RUNS (OTR)(B-6D000) INTERDEPARTMENTAL TRANSFERS CFS (632)
MMI-NY INTERDEPARTMENTAL TRANSFERS CFS 1,257
Project-Emerging Markets INTERDEPARTMENTAL TRANSFERS CFS (1,257)
Sec Lending-NY INTERDEPARTMENTAL TRANSFERS CFS 1,258
Sec Lending-NY INTERDEPARTMENTAL TRANSFERS CFS 561
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (457)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (8,708)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (25,388)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (488)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (605)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (11,200)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (69)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (288)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (611)
SYSTEMS - TO BE ALLOCATED(B-BA500) TELELINE CANADA LTD CFS 29,552
Systems Data Processing-LA INTERDEPARTMENTAL TRANSFERS CFS 20,878
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (975)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,257)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (132)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (660)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,040)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (124)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (520)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS 288
Tokyo-Back Office INTERDEPARTMENTAL TRANSFERS CFS (611)
INTERDEPARTMENTAL TRANSFERS CFS (2,349)
INTERDEPARTMENTAL TRANSFERS CFS (8,663)
INTERDEPARTMENTAL TRANSFERS CFS (2,507)
INTERDEPARTMENTAL TRANSFERS CFS (538)
INTERDEPARTMENTAL TRANSFERS CFS (113)
INTERDEPARTMENTAL TRANSFERS CFS (987)
103 PROJECT(B-AZ600) INTERDEPARTMENTAL TRANSFERS CFS (754)
103 PROJECT(B-AZ600) INTERDEPARTMENTAL TRANSFERS CFS (623)
Accounting-NY INTERDEPARTMENTAL TRANSFERS CFS 755
Accounting-NY INTERDEPARTMENTAL TRANSFERS CFS 623
Agencies INTERDEPARTMENTAL TRANSFERS CFS 453
CDS INTERDEPARTMENTAL TRANSFERS CFS 172
CDS INTERDEPARTMENTAL TRANSFERS CFS (312)
CDS INTERDEPARTMENTAL TRANSFERS CFS 149
CDS SOFTWAREHOUSE INTERNATIONAL. INC. CFS 653
Central Development INTERDEPARTMENTAL TRANSFERS CFS 923
Central Development INTERDEPARTMENTAL TRANSFERS CFS 1,049
Central Development INTERDEPARTMENTAL TRANSFERS CFS (48)
Central Development INTERDEPARTMENTAL TRANSFERS CFS 208
Central Development INTERDEPARTMENTAL TRANSFERS CFS 97
Central Development INTERDEPARTMENTAL TRANSFERS CFS 126
Communications-NY INTERDEPARTMENTAL TRANSFERS CFS 332
CONNECTICUT SALES GENERAL INTERDEPARTMENTAL TRANSFERS CFS 754
Corporate Bonds-Support INTERDEPARTMENTAL TRANSFERS CFS (934)
Corporate Bonds-Support INTERDEPARTMENTAL TRANSFERS CFS (84)
Corporate-NY INTERDEPARTMENTAL TRANSFERS CFS (633)
EM ADR INTERDEPARTMENTAL TRANSFERS CFS 561
EM SUPPORT(B-EM350) INTERDEPARTMENTAL TRANSFERS CFS (561)
Emerging Markets Brady Bonds INTERDEPARTMENTAL TRANSFERS CFS 259
Emerging Markets Brady Bonds INTERDEPARTMENTAL TRANSFERS CFS (755)
Emerging Markets-Mexican Desk INTERDEPARTMENTAL TRANSFERS CFS 253
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 1,154
Fixed Income Development INTERDEPARTMENTAL TRANSFERS CFS 622
FX Options-NY INTERDEPARTMENTAL TRANSFERS CFS 2,621
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 31
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 590
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 633
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 9,630
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS (432)
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 3,363
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 7,681
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 3,788
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 197
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 235
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS (253)
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 987
GSB - SHARED COST(B-6C000) INTERDEPARTMENTAL TRANSFERS CFS 46,992
GSB Chicago INTERDEPARTMENTAL TRANSFERS CFS 538
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 950
GSB-CF Kross INTERDEPARTMENTAL TRANSFERS CFS 1,661
GSB-Proprietary Desk INTERDEPARTMENTAL TRANSFERS CFS 1,946
GSB-Swaps INTERDEPARTMENTAL TRANSFERS CFS (3,376)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 288
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 107
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (472)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 396
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (172)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,192
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,500
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 302
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (754)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 280
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (3,788)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS -
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 262
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (1,049)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (132)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (262)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 926
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 253
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (500)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 139
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 1,640
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (1,874)
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS 3,162
Infrastructure INTERDEPARTMENTAL TRANSFERS CFS (229)
Infrastructure DELL CFS 1,352
Infrastructure SOFTWAREHOUSE INTERNATIONAL. INC. CFS 2,466
ITD Portfolio Trading-NY INTERDEPARTMENTAL TRANSFERS CFS (754)
ITD Sales-LA INTERDEPARTMENTAL TRANSFERS CFS (3,788)
ITD Sanfran INTERDEPARTMENTAL TRANSFERS CFS 3,788
ITD-Boston INTERDEPARTMENTAL TRANSFERS CFS (302)
ITD-Chicago INTERDEPARTMENTAL TRANSFERS CFS (934)
ITD-Sales General INTERDEPARTMENTAL TRANSFERS CFS 432
LDC Options INTERDEPARTMENTAL TRANSFERS CFS (755)
MBSB-GNMA INTERDEPARTMENTAL TRANSFERS CFS 3,759
MUNIS-BID WANTED-NY INTERDEPARTMENTAL TRANSFERS CFS (906)
MUNIS-SUPPORT-NY INTERDEPARTMENTAL TRANSFERS CFS (1,571)
Power INTERDEPARTMENTAL TRANSFERS CFS 1,660
Power INTERDEPARTMENTAL TRANSFERS CFS 1,880
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (8,496)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (1,584)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (754)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (7,681)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (8,957)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (25,606)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (13,212)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (247)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (4,480)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (235)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (404)
SYSTEMS - TO BE ALLOCATED(B-BA500) INTERDEPARTMENTAL TRANSFERS CFS (55,793)
SYSTEMS - TO BE ALLOCATED(B-BA500) BRIDGE INFORMATION SYSTEMS CFS 116,323
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL CFS 39,100
SYSTEMS - TO BE ALLOCATED(B-BA500) DELL CFS 14,008
Systems-Mercury Teledata-NY INTERDEPARTMENTAL TRANSFERS CFS (31)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (950)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (116)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (934)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (167)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (275)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (926)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (2,158)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (363)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,264)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (6,560)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (2,200)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (4,350)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (396)
Systems-NY INTERDEPARTMENTAL TRANSFERS CFS (1,640)
Tokyo-Back Office INTERDEPARTMENTAL TRANSFERS CFS 754
Tokyo-Back Office INTERDEPARTMENTAL TRANSFERS CFS 754
Accounting-NY WESTCORP SOFTWARE SYSTEMS CFS 1,219
Architecture PERFORCE CFS 6,495
Architecture SOFTWARE HOUSE CFS 13,772
Architecture RATIONAL SOFTWARE CFS 13,275
Architecture ROGUE WAVE SOFTWARE CFS 123,189
Central Development EMBARCADERO TECHNOLOGIES CFS 1,959
Infrastructure INFOTECH CFS 7,737
Infrastructure CISCO SYSTEMS CFS 222,177
Infrastructure CISCO SYSTEMS CFS 2,004
Infrastructure CISCO SYSTEMS CFS 12,823
Infrastructure CISCO SYSTEMS CFS 6,008
Infrastructure CISCO SYSTEMS CFS 50,490
Infrastructure CISCO SYSTEMS CFS 61,704
Infrastructure CISCO SYSTEMS CFS 26,458
Infrastructure SOFTWARE HOUSE CFS 692
Infrastructure SUN MICROSYSTEMS CFS 2,376
Infrastructure PLATINUM TECHNOLOGY CFS 7,224
SYSTEMS - TO BE ALLOCATED(B-BA500) TELELINE CFS 11,096
Accounting-NY SOFTWARE HOUSE INTERNATIONAL CFS 2,077
Fixed Income Development SOFTWARE HOUSE INTERNATIONAL CFS 2,421
GSB Chicago CISCO SYSTEMS CFS 8,128
Infrastructure OMTOOL CFS 12,513
Infrastructure CISCO SYSTEMS CFS 37,290
Infrastructure CISCO SYSTEMS CFS 12,831
Infrastructure CISCO SYSTEMS CFS 8,128
Infrastructure CISCO SYSTEMS CFS 32,077
Infrastructure CISCO SYSTEMS CFS 31,409
Infrastructure CISCO SYSTEMS CFS 47,456
Infrastructure CISCO SYSTEMS CFS 6,495
Infrastructure CISCO SYSTEMS CFS 1,836
Infrastructure SOFTWARE HOUSE INTERNATIONAL CFS 2,923
Infrastructure PIONEER CFS 3,048
SYSTEMS - TO BE ALLOCATED(B-BA500) BRIDGE CFS 29,163
SYSTEMS - TO BE ALLOCATED(B-BA500) INFOTECH CFS 21,387
SYSTEMS - TO BE ALLOCATED(B-BA500) CISCO SYSTEMS CFS 31,315
SYSTEMS - TO BE ALLOCATED(B-BA500) JAN-TRONICS CFS 5,456
SYSTEMS - TO BE ALLOCATED(B-BA500) TELELINE CFS 9,905
------------
CFS Total 7,794,966
------------
Grand Total 8,577,144
------------
<CAPTION>
DEPTNAME NBV as of 06/25/99 ADD BACK NBV as of 0.3/10/99
<S> <C> <C> <C>
Communications-LA 64.32 38.59 102.91
Systems Data Processing-LA 214.68 128.81 343.49
Systems Data Processing-LA 206.10 123.66 329.76
Communications-LA 179.53 107.72 287.24
Systems Data Processing-LA 824.40 494.64 1,319.05
Systems Data Processing-LA 266.24 159.74 425.99
Systems Data Processing-LA 260.88 156.53 417.41
Communications-LA 319.55 191.73 511.27
Systems Data Processing-LA 593.24 355.95 949.19
Systems Data Processing-LA 126.38 75.83 202.21
Systems Data Processing-LA 162.32 97.39 259.72
Systems Data Processing-LA 130.46 78.27 208.73
Systems Data Processing-LA 84.00 50.40 134.40
Systems Data Processing-LA 122.83 36.85 159.67
Systems Data Processing-LA 360.15 108.05 468.20
Systems Data Processing-LA 3,188.93 478.34 3,667.27
ITD - Data Processing 2,276.38 341.46 2,617.84
Systems Data Processing-LA 525.54 78.83 604.37
Systems Data Processing-LA 2,288.67 343.30 2,631.97
Emerging Markets Brady Bonds 996.90 149.54 1,146.44
Emerging Markets Euro Bonds 988.42 148.26 1,136.68
ITD Clearing-LA 464.53 69.68 534.21
ITD-Dallas 565.55 84.83 650.38
ITD-Sales General 2,433.61 365.04 2,798.66
LDC Options 498.45 74.77 573.22
Systems Data Processing-LA 408.78 61.32 470.10
Emerging Markets Brady Bonds 397.11 59.57 456.67
Emerging Markets Brady Bonds 3,142.54 471.38 3,613.92
Emerging Markets Brady Bonds 897.87 134.68 1,032.55
Emerging Markets Brady Bonds 448.93 67.34 516.27
Emerging Markets Euro Bonds 897.87 134.68 1,032.55
LDC Options 448.93 67.34 516.27
Emerging Markets Brady Bonds 397.11 59.57 456.67
Emerging Markets Brady Bonds 494.21 74.13 568.34
Emerging Markets Brady Bonds 448.93 67.34 516.27
Emerging Markets Brady Bonds 448.93 67.34 516.27
Emerging Markets Brady Bonds 448.93 67.34 516.27
ITD-Sales General 675.53 101.33 776.86
LDC Options 448.93 67.34 516.27
LDC Options 416.25 62.44 478.69
OTC-CONVERTIBLE -2B INV(B-21B00) 919.82 137.97 1,057.79
Systems Data Processing-LA 158.31 23.75 182.06
Emerging Markets Brady Bonds 636.33 95.45 731.78
Emerging Markets Brady Bonds 439.86 65.98 505.84
Emerging Markets Brady Bonds 198.62 29.79 228.42
Emerging Markets Brady Bonds 164.88 24.73 189.61
Emerging Markets Brady Bonds 549.55 82.43 631.98
Emerging Markets Brady Bonds 164.88 24.73 189.61
Emerging Markets Brady Bonds 549.68 82.45 632.14
Emerging Markets Brady Bonds 274.77 41.22 315.99
Emerging Markets Brady Bonds 507.48 76.12 583.60
Emerging Markets Euro Bonds 244.37 36.65 281.02
Emerging Markets Euro Bonds 305.30 45.80 351.10
Emerging Markets Euro Bonds 305.38 45.81 351.19
Emerging Markets Euro Bonds 152.65 22.90 175.55
Emerging Markets Euro Bonds 281.93 42.29 324.22
ITD Clearing-LA 203.60 30.54 234.14
ITD Clearing-LA 438.22 65.73 503.96
ITD-Sales General 197.66 29.65 227.30
ITD-Sales General 4,116.48 617.47 4,733.95
ITD-Sales General 526.75 79.01 605.76
ITD-Sales General 1,210.88 181.63 1,392.51
LDC Options 122.18 18.33 140.51
LDC Options 152.65 22.90 175.55
LDC Options 152.69 22.90 175.59
LDC Options 140.97 21.15 162.11
LDC Options 153.96 23.09 177.05
Sec Lending-NY 146.62 21.99 168.61
Sec Lending-NY 183.18 27.48 210.66
Sec Lending-NY 183.23 27.48 210.71
Sec Lending-NY 169.16 25.37 194.53
Emerging Markets Brady Bonds 761.64 114.25 875.88
Emerging Markets Brady Bonds 1,078.17 161.73 1,239.89
Emerging Markets Brady Bonds 153.96 23.09 177.05
Emerging Markets Brady Bonds 1,720.77 258.11 1,978.88
Emerging Markets Euro Bonds 1,720.77 258.11 1,978.88
ISG Sales-NY 1,184.19 177.63 1,361.82
ITD-Sales General 235.69 35.35 271.04
ITD-Sales General 1,180.20 177.03 1,357.23
ITD-Sales General 526.75 79.01 605.76
LDC Options 1,078.17 161.73 1,239.89
LDC Options 153.96 23.09 177.05
Communications-LA 215.14 32.27 247.41
Emerging Markets Brady Bonds 489.22 73.38 562.61
Emerging Markets Brady Bonds 1,650.19 247.53 1,897.72
Emerging Markets Brady Bonds 1,013.26 151.99 1,165.25
Emerging Markets Brady Bonds 195.96 29.39 225.35
Emerging Markets Euro Bonds 271.79 40.77 312.56
Emerging Markets Euro Bonds 916.77 137.52 1,054.29
Emerging Markets Euro Bonds 748.22 112.23 860.46
Emerging Markets Euro Bonds 562.92 84.44 647.36
ITD Portfolio Trading-NY 452.94 67.94 520.88
ITD Portfolio Trading-NY 1,021.46 153.22 1,174.68
ITD Portfolio Trading-NY 1,314.31 197.15 1,511.45
ITD Portfolio Trading-NY 455.59 68.34 523.92
ITD Portfolio Trading-NY 415.26 62.29 477.55
LDC Options 550.06 82.51 632.57
LDC Options 337.75 50.66 388.42
Sec Lending-NY 550.06 82.51 632.57
Sec Lending-NY 337.75 50.66 388.42
Systems Data Processing-LA 215.14 32.27 247.41
Accounting LA 261.36 39.20 300.56
Communications-LA 267.80 40.17 307.97
Corporate LA Management 624.87 93.73 718.60
Futures-Allocated 357.07 53.56 410.63
Futures-CBOT Chicago 535.61 80.34 615.95
Futures-CME Chicago 312.44 46.87 359.30
Futures-NY Sales 267.80 40.17 307.97
ISG Sales-NY 1,160.48 174.07 1,334.55
ITD CF Parallax 312.44 46.87 359.30
ITD Clearing-LA 958.31 143.75 1,102.06
ITD Clearing-LA 490.97 73.65 564.62
ITD Listed Sales-LA 535.61 80.34 615.95
ITD OTC-NY 1,249.75 187.46 1,437.21
ITD Portfolio Trading-NY 312.44 46.87 359.30
ITD Sales-LA 892.68 133.90 1,026.58
ITD-Boston 446.34 66.95 513.29
ITD-Chicago 446.34 66.95 513.29
ITD-Dallas 490.97 73.65 564.62
ITD-International-NY 401.70 60.26 461.96
ITD-Sales General 1,294.38 194.16 1,488.54
ITD-Sales General 2,456.13 368.42 2,824.55
LDC Options 207.60 31.14 238.74
LDC Options 348.48 52.27 400.75
NY OPERATONS IN L.A.(B-25I50) 1,219.67 182.95 1,402.62
NY OPERATONS IN L.A.(B-25I50) 624.87 93.73 718.60
Office Services-LA 223.17 33.48 256.64
Sec Lending-NY 758.13 113.72 871.85
Sec Lending-NY 609.83 91.48 701.31
Sec Lending-NY 312.44 46.87 359.30
Futures-Allocated 369.66 55.45 425.11
Futures-CBOT Chicago 554.49 83.17 637.66
Futures-CME Chicago 323.45 48.52 371.97
Futures-NY Sales 277.24 41.59 318.83
ISG Sales-NY 1,201.39 180.21 1,381.60
ISG Sales-NY 196.35 29.45 225.80
ISG Sales-NY 209.19 31.38 240.57
ISG Sales-NY 259.66 38.95 298.61
Sec Lending-NY 323.45 48.52 371.97
Systems Data Processing-LA 496.74 74.51 571.25
Systems Data Processing-LA 496.74 74.51 571.25
Futures-CBOT Chicago 1,885.55 282.83 2,168.38
Futures-CBOT Chicago 911.95 136.79 1,048.75
ITD OTC-NY 5,814.91 872.24 6,687.14
ITD Portfolio Trading-NY 810.37 121.56 931.92
ITD Sanfran 754.58 113.19 867.76
ITD Sanfran 255.76 38.36 294.13
ITD-Sales General 475.12 71.27 546.39
ITD-Sales General 1,982.33 297.35 2,279.68
ITD-Sales General 881.75 132.26 1,014.01
ITD-Sales General 1,967.00 295.05 2,262.05
ITD-Sales General 1,755.83 263.37 2,019.21
Sec Lending-NY 2,987.91 448.19 3,436.09
Sec Lending-NY 2,854.06 428.11 3,282.17
Sec Lending-NY 1,804.88 270.73 2,075.61
Sec Lending-NY 1,368.26 205.24 1,573.50
Systems Data Processing-LA (496.74) (74.51) (571.25)
ITD-Sales General (1,486.75) (223.01) (1,709.76)
ITD-Sales General (1,475.25) (221.29) (1,696.53)
ITD-Sales General (877.92) (131.69) (1,009.60)
Futures-CBOT Chicago 1,217.93 182.69 1,400.62
ITD OTC-NY 971.44 145.72 1,117.16
ITD Portfolio Trading-NY 1,102.07 165.31 1,267.38
ITD-Sales General 468.30 70.24 538.54
ITD-Sales General 377.02 56.55 433.58
ITD-Sales General 656.05 98.41 754.45
ITD-Sales General 1,603.59 240.54 1,844.12
ITD-Sales General 318.77 47.82 366.59
ITD-Sales General 5,165.85 774.88 5,940.73
ITD-Sales General 847.05 127.06 974.10
ITD-Sales General 12,723.08 1,908.46 14,631.54
ITD-Sales General 268.60 40.29 308.89
ITD-Sales General 315.37 47.30 362.67
ITD-Sales General 1,874.17 281.12 2,155.29
ITD-Sales General 860.95 129.14 990.09
ITD-Sales General 377.72 56.66 434.38
ITD-Sales General 1,874.17 281.12 2,155.29
ITD-Sales General 533.60 80.04 613.64
ITD-Sales General 872.74 130.91 1,003.65
ITD-Sales General 376.87 56.53 433.40
ITD-Sales General 468.84 70.33 539.16
ITD-Sales General 220.99 33.15 254.13
ITD-Sales General 495.58 74.34 569.92
ITD-Sales General 441.44 66.22 507.66
ITD-Sales General 789.33 118.40 907.73
ITD-Sales General 7,007.91 1,051.19 8,059.09
ITD-Sales General 6,377.50 956.62 7,334.12
ITD-Sales General 1,431.43 214.71 1,646.14
Systems Data Processing-LA 692.10 103.81 795.91
Systems Data Processing-LA 4,150.39 622.56 4,772.95
Systems Data Processing-LA 3,859.65 578.95 4,438.60
Systems Data Processing-LA 1,667.35 250.10 1,917.45
Systems Data Processing-LA 2,696.16 404.42 3,100.59
Systems Data Processing-LA 244.62 36.69 281.31
Systems Data Processing-LA 1,802.52 270.38 2,072.90
Sec Lending-NY 8,246.20 1,236.93 9,483.12
Systems Data Processing-LA 1,391.05 208.66 1,599.71
ITD Sales-LA 11,300.61 1,695.09 12,995.70
ITD Sales-LA 823.69 123.55 947.24
ITD Sanfran 11,300.61 1,695.09 12,995.70
ITD Sanfran 823.69 123.55 947.24
ITD-Boston 9,741.31 1,461.20 11,202.51
ITD-Boston 823.69 123.55 947.24
ITD-Chicago 11,300.61 1,695.09 12,995.70
ITD-Chicago 823.69 123.55 947.24
ITD-Dallas 11,300.61 1,695.09 12,995.70
ITD-Dallas 823.69 123.55 947.24
ITD-International-NY 876.83 58.46 935.28
Corporate LA Management 2,240.78 149.39 2,390.16
ITD Portfolio Trading-NY 1,206.38 80.43 1,286.80
ITD Sales-LA 2,240.78 149.39 2,390.16
ITD Clearing-LA (459.41) (68.91) (528.32)
ITD-Sales General 459.91 68.99 528.89
ITD-Sales General 1,403.39 210.51 1,613.90
OTC-CONVERTIBLE -2B INV(B-21B00) 459.91 68.99 528.89
OTC-CONVERTIBLE -2B INV(B-21B00) 1,403.39 210.51 1,613.90
Systems Data Processing-LA 441.45 66.22 507.67
253,408.58 39,081.12 292,489.69
GSB - SHARED COST(B-6C000) 136.04 81.62 217.66
Systems-NY 1,030.98 618.59 1,649.57
GSB - SHARED COST(B-6C000) 412.78 247.67 660.44
Systems-NY 624.84 374.90 999.74
Systems-NY 1,179.64 707.78 1,887.42
GSB - SHARED COST(B-6C000) 137.86 82.72 220.58
Systems-NY 120.07 72.04 192.11
GSB - SHARED COST(B-6C000) 107.28 64.37 171.65
GSB - SHARED COST(B-6C000) 236.31 70.89 307.21
GSB - SHARED COST(B-6C000) 768.21 230.46 998.67
GSB - SHARED COST(B-6C000) 765.63 229.69 995.32
GSB - SHARED COST(B-6C000) 214.67 64.40 279.07
GSB - SHARED COST(B-6C000) 13,048.55 3,914.56 16,963.11
GSB - SHARED COST(B-6C000) 93.61 28.08 121.70
GSB-Odd Lots 795.64 238.69 1,034.34
GSB - SHARED COST(B-6C000) 426.49 127.95 554.43
GSB - SHARED COST(B-6C000) 727.81 218.34 946.15
GSB - SHARED COST(B-6C000) 2,667.00 800.10 3,467.10
GSB - SHARED COST(B-6C000) 2,248.27 674.48 2,922.75
GSB-Odd Lots 1,742.96 522.89 2,265.85
GSB - SHARED COST(B-6C000) 496.53 148.96 645.49
GSB - SHARED COST(B-6C000) 1,864.57 559.37 2,423.95
GSB - SHARED COST(B-6C000) 2,144.53 643.36 2,787.89
GSB - SHARED COST(B-6C000) 1,341.57 402.47 1,744.04
GSB-Odd Lots 369.64 110.89 480.53
GSB - SHARED COST(B-6C000) 268.64 80.59 349.23
GSB-Odd Lots 210.00 63.00 273.00
GSB-Odd Lots 585.49 175.65 761.13
GSB - SHARED COST(B-6C000) 4,238.17 1,271.45 5,509.63
GSB - SHARED COST(B-6C000) 952.02 285.61 1,237.63
GSB - SHARED COST(B-6C000) 740.21 222.06 962.28
GSB - SHARED COST(B-6C000) 5,361.32 1,608.40 6,969.72
GSB - SHARED COST(B-6C000) 536.46 160.94 697.40
GSB - SHARED COST(B-6C000) 463.06 138.92 601.98
GSB - SHARED COST(B-6C000) 1,072.84 321.85 1,394.69
GSB - SHARED COST(B-6C000) 1,073.25 321.97 1,395.22
GSB - SHARED COST(B-6C000) 3,531.45 1,059.43 4,590.88
GSB - SHARED COST(B-6C000) 9,586.50 2,875.95 12,462.44
GSB - SHARED COST(B-6C000) 95.62 28.69 124.30
GSB - SHARED COST(B-6C000) 580.82 174.25 755.06
GSB - SHARED COST(B-6C000) 142.21 42.66 184.87
GSB - SHARED COST(B-6C000) 232.92 69.88 302.80
GSB - SHARED COST(B-6C000) 1,274.93 382.48 1,657.41
GSB - SHARED COST(B-6C000) 109.51 32.85 142.36
GSB - SHARED COST(B-6C000) 951.75 285.52 1,237.27
GSB - SHARED COST(B-6C000) 7,747.44 2,324.23 10,071.67
GSB - SHARED COST(B-6C000) 238.96 71.69 310.65
GSB - SHARED COST(B-6C000) 209.52 62.85 272.37
GSB - SHARED COST(B-6C000) 4,020.99 1,206.30 5,227.29
GSB - SHARED COST(B-6C000) 2,683.54 805.06 3,488.60
GSB - SHARED COST(B-6C000) 538.10 161.43 699.53
GSB - SHARED COST(B-6C000) 3,215.41 964.62 4,180.04
GSB - SHARED COST(B-6C000) 1,354.73 406.42 1,761.15
GSB - SHARED COST(B-6C000) 914.95 137.24 1,052.20
GSB - SHARED COST(B-6C000) 2,054.02 308.10 2,362.12
GSB - SHARED COST(B-6C000) 4,987.91 748.19 5,736.10
GSB - SHARED COST(B-6C000) 1,383.03 207.45 1,590.48
GSB - SHARED COST(B-6C000) 1,088.39 163.26 1,251.64
GSB - SHARED COST(B-6C000) 736.86 110.53 847.39
GSB - SHARED COST(B-6C000) 1,153.27 172.99 1,326.26
GSB - SHARED COST(B-6C000) 364.95 54.74 419.70
GSB - SHARED COST(B-6C000) 449.57 67.44 517.01
GSB - SHARED COST(B-6C000) 2,168.90 325.34 2,494.24
GSB - SHARED COST(B-6C000) 1,629.88 244.48 1,874.36
GSB - SHARED COST(B-6C000) 745.57 111.84 857.41
GSB - SHARED COST(B-6C000) 541.90 81.29 623.19
GSB - SHARED COST(B-6C000) 202.15 30.32 232.48
GSB - SHARED COST(B-6C000) 1,157.92 173.69 1,331.61
GSB - SHARED COST(B-6C000) 238.45 35.77 274.21
GSB - SHARED COST(B-6C000) 7,545.04 1,131.76 8,676.80
GSB - SHARED COST(B-6C000) 5,004.12 750.62 5,754.74
GSB - SHARED COST(B-6C000) 992.66 148.90 1,141.56
GSB - SHARED COST(B-6C000) 1,085.00 162.75 1,247.75
GSB - SHARED COST(B-6C000) 541.90 81.29 623.19
GSB - SHARED COST(B-6C000) 377.54 56.63 434.17
GSB - SHARED COST(B-6C000) 852.32 127.85 980.16
GSB - SHARED COST(B-6C000) 1,127.22 169.08 1,296.30
GSB-Swaps 498.45 74.77 573.22
GSB - SHARED COST(B-6C000) 142.56 21.38 163.94
GSB - SHARED COST(B-6C000) 249.24 37.39 286.62
GSB - SHARED COST(B-6C000) 1,346.80 202.02 1,548.82
GSB - SHARED COST(B-6C000) 448.93 67.34 516.27
GSB - SHARED COST(B-6C000) 124.72 18.71 143.43
GSB-Swaps 897.87 134.68 1,032.55
GSB - SHARED COST(B-6C000) 168.65 25.30 193.95
GSB - SHARED COST(B-6C000) 4,311.71 646.76 4,958.46
GSB - SHARED COST(B-6C000) 498.45 74.77 573.22
GSB - SHARED COST(B-6C000) 448.93 67.34 516.27
GSB - SHARED COST(B-6C000) 541.90 81.29 623.19
GSB - SHARED COST(B-6C000) 401.82 60.27 462.09
GSB - SHARED COST(B-6C000) 227.95 34.19 262.14
GSB - SHARED COST(B-6C000) 16,161.64 2,424.25 18,585.88
GSB - SHARED COST(B-6C000) 1,185.19 177.78 1,362.96
GSB - SHARED COST(B-6C000) 51,986.60 7,797.99 59,784.59
GSB - SHARED COST(B-6C000) 372.26 55.84 428.09
GSB - SHARED COST(B-6C000) 24,643.27 3,696.49 28,339.76
GSB - SHARED COST(B-6C000) 20,202.05 3,030.31 23,232.36
GSB - SHARED COST(B-6C000) 7,167.69 1,075.15 8,242.84
GSB - SHARED COST(B-6C000) 1,287.54 193.13 1,480.68
GSB - SHARED COST(B-6C000) 203.64 30.55 234.18
GSB - SHARED COST(B-6C000) 8,080.82 1,212.12 9,292.94
GSB - SHARED COST(B-6C000) 790.12 118.52 908.64
GSB - SHARED COST(B-6C000) 17,328.87 2,599.33 19,928.20
GSB - SHARED COST(B-6C000) 15,747.00 2,362.05 18,109.05
GSB - SHARED COST(B-6C000) 248.17 37.23 285.40
GSB - SHARED COST(B-6C000) 2,238.44 335.77 2,574.20
GSB - SHARED COST(B-6C000) 1,437.84 215.68 1,653.51
GSB - SHARED COST(B-6C000) 16,428.84 2,464.33 18,893.17
GSB - SHARED COST(B-6C000) 13,468.03 2,020.20 15,488.24
GSB - SHARED COST(B-6C000) 4,778.46 716.77 5,495.23
GSB - SHARED COST(B-6C000) 858.36 128.75 987.12
GSB - SHARED COST(B-6C000) 135.76 20.36 156.12
GSB - SHARED COST(B-6C000) 9,281.59 1,392.24 10,673.83
GSB - SHARED COST(B-6C000) 378.08 56.71 434.79
GSB - SHARED COST(B-6C000) 423.69 63.55 487.24
GSB - SHARED COST(B-6C000) 349.95 52.49 402.45
GSB - SHARED COST(B-6C000) 1,537.62 230.64 1,768.26
GSB - SHARED COST(B-6C000) 351.50 52.72 404.22
GSB - SHARED COST(B-6C000) 836.96 125.54 962.50
GSB - SHARED COST(B-6C000) 3,953.82 593.07 4,546.89
GSB - SHARED COST(B-6C000) 851.00 127.65 978.65
GSB - SHARED COST(B-6C000) 9,264.18 1,389.63 10,653.81
GSB - SHARED COST(B-6C000) 1,264.09 189.61 1,453.71
GSB - SHARED COST(B-6C000) 2,867.69 430.15 3,297.84
GSB - SHARED COST(B-6C000) 146.50 21.97 168.47
GSB - SHARED COST(B-6C000) 1,704.30 255.64 1,959.94
GSB - SHARED COST(B-6C000) 735.26 110.29 845.55
GSB - SHARED COST(B-6C000) 1,651.96 247.79 1,899.76
GSB - SHARED COST(B-6C000) 145.33 21.80 167.13
GSB - SHARED COST(B-6C000) 187.21 28.08 215.29
GSB-CF Kross 248.91 37.34 286.25
GSB-CF Kross 965.46 144.82 1,110.28
GSB-CF Kross 536.73 80.51 617.23
GSB-CF Kross 222.22 33.33 255.56
GSB-Swaps 491.88 73.78 565.66
GSB - SHARED COST(B-6C000) 636.33 95.45 731.78
GSB - SHARED COST(B-6C000) 73,434.33 11,015.15 84,449.48
GSB-Long 636.33 95.45 731.78
GSB-Swaps 139.98 21.00 160.98
206.98 31.05 238.03
Accounting-NY 240.55 36.08 276.63
Accounting-NY 1,099.64 164.95 1,264.59
Accounting-NY 257.73 38.66 296.39
Accounting-NY 496.56 74.48 571.04
Accounting-NY 137.46 20.62 158.07
Accounting-NY 412.19 61.83 474.02
Accounting-NY 1,373.87 206.08 1,579.95
Accounting-NY 412.19 61.83 474.02
Accounting-NY 1,374.21 206.13 1,580.34
Accounting-NY 686.93 103.04 789.97
Accounting-NY 260.39 39.06 299.45
Accounting-NY 1,268.71 190.31 1,459.01
Accounting-NY 140.54 21.08 161.62
Agencies 390.98 58.65 449.63
Agencies 176.55 26.48 203.04
Agencies 146.56 21.98 168.54
Agencies 488.49 73.27 561.76
Agencies 146.56 21.98 168.54
Agencies 488.61 73.29 561.90
Agencies 244.24 36.64 280.88
Agencies 451.10 67.66 518.76
CANTOR DIGITAL SPEED(B-AV007) 594.05 89.11 683.16
Communications-NY 464.29 69.64 533.94
Communications-NY 209.66 31.45 241.11
Communications-NY 174.04 26.11 200.14
Communications-NY 580.08 87.01 667.09
Communications-NY 174.04 26.11 200.14
Communications-NY 580.22 87.03 667.26
Communications-NY 290.04 43.51 333.54
Communications-NY 535.68 80.35 616.03
Communications-NY 538.22 80.73 618.96
Corporate Bonds-Canadians 171.06 25.66 196.71
Corporate Bonds-Canadians 213.71 32.06 245.77
Corporate Bonds-Canadians 213.77 32.06 245.83
Corporate Bonds-Canadians 197.35 29.60 226.96
Corporate Bonds-Corp Convertible Bonds 146.62 21.99 168.61
Corporate Bonds-Corp Convertible Bonds 183.18 27.48 210.66
Corporate Bonds-Corp Convertible Bonds 183.23 27.48 210.71
Corporate Bonds-Corp Convertible Bonds 169.16 25.37 194.53
Corporate Bonds-Industrials 122.18 18.33 140.51
Corporate Bonds-Industrials 152.65 22.90 175.55
Corporate Bonds-Industrials 152.69 22.90 175.59
Corporate Bonds-Industrials 140.97 21.15 162.11
Corporate Bonds-Intermediates 268.80 40.32 309.12
Corporate Bonds-Intermediates 121.38 18.21 139.59
Corporate Bonds-Intermediates 335.83 50.38 386.21
Corporate Bonds-Intermediates 335.92 50.39 386.31
Corporate Bonds-Intermediates 167.92 25.19 193.10
Corporate Bonds-Intermediates 310.13 46.52 356.65
Corporate Bonds-Junks 195.49 29.32 224.82
Corporate Bonds-Junks 244.24 36.64 280.88
Corporate Bonds-Junks 244.30 36.65 280.95
Corporate Bonds-Junks 122.12 18.32 140.44
Corporate Bonds-Junks 225.55 33.83 259.38
Corporate Bonds-Med Term Notes 171.06 25.66 196.71
Corporate Bonds-Med Term Notes 213.71 32.06 245.77
Corporate Bonds-Med Term Notes 213.77 32.06 245.83
Corporate Bonds-Med Term Notes 197.35 29.60 226.96
Corporate Bonds-Support 244.37 36.65 281.02
Corporate Bonds-Support 305.30 45.80 351.10
Corporate Bonds-Support 305.38 45.81 351.19
Corporate Bonds-Support 152.65 22.90 175.55
Corporate Bonds-Support 281.93 42.29 324.22
Corporate Bonds-Utilities/tel/ret 122.18 18.33 140.51
Corporate Bonds-Utilities/tel/ret 152.65 22.90 175.55
Corporate Bonds-Utilities/tel/ret 152.69 22.90 175.59
Corporate Bonds-Utilities/tel/ret 140.97 21.15 162.11
Corporate-NY 415.42 62.31 477.73
Corporate-NY 187.59 28.14 215.73
Corporate-NY 155.72 23.36 179.08
Corporate-NY 519.02 77.85 596.87
Corporate-NY 155.72 23.36 179.08
Corporate-NY 519.15 77.87 597.02
Corporate-NY 259.51 38.93 298.43
Corporate-NY 479.29 71.89 551.18
Credit 195.49 29.32 224.82
Credit 244.24 36.64 280.88
Credit 244.30 36.65 280.95
Credit 122.12 18.32 140.44
Credit 225.55 33.83 259.38
Emerging Markets Brady Bonds 153.96 23.09 177.05
Environmental (EBS)-San Francisco 122.12 18.32 140.44
Environmental (EBS)-San Francisco 122.15 18.32 140.47
Equity Screen Brokerage 244.37 36.65 281.02
Equity Screen Brokerage 305.30 45.80 351.10
Equity Screen Brokerage 305.38 45.81 351.19
Equity Screen Brokerage 152.65 22.90 175.55
Equity Screen Brokerage 281.93 42.29 324.22
Equity Screen Brokerage 541.53 81.23 622.76
Equity Screen Brokerage 155.84 23.38 179.22
FX Forward Mark 171.06 25.66 196.71
FX Forward Mark 213.71 32.06 245.77
FX Forward Mark 213.77 32.06 245.83
FX Forward Mark 197.35 29.60 226.96
FX Forward Mark 117.35 17.60 134.96
FX Forward Yen 219.93 32.99 252.92
FX Forward Yen 274.77 41.22 315.99
FX Forward Yen 274.84 41.23 316.07
FX Forward Yen 137.39 20.61 157.99
FX Forward Yen 253.74 38.06 291.80
FX Forward Yen 117.35 17.60 134.96
FX Forward Yen 10,677.68 1,601.65 12,279.33
FX Forward Yen 13,731.32 2,059.70 15,791.02
FX Options-NY 488.73 73.31 562.04
FX Options-NY 220.69 33.10 253.80
FX Options-NY 183.20 27.48 210.68
FX Options-NY 610.61 91.59 702.20
FX Options-NY 183.20 27.48 210.68
FX Options-NY 610.76 91.61 702.37
FX Options-NY 305.30 45.80 351.10
FX Options-NY 115.73 17.36 133.09
FX Options-NY 563.87 84.58 648.45
FX Options-NY 117.62 17.64 135.27
GSB - SHARED COST(B-6C000) 912.46 136.87 1,049.32
GSB - SHARED COST(B-6C000) 122.71 18.41 141.12
GSB - SHARED COST(B-6C000) 197.33 29.60 226.93
GSB - SHARED COST(B-6C000) 179.27 26.89 206.16
GSB - SHARED COST(B-6C000) 223.62 33.54 257.16
GSB-Bills 122.95 18.44 141.39
GSB-Bills 562.04 84.31 646.35
GSB-Bills 131.73 19.76 151.49
GSB-Bills 253.80 38.07 291.87
GSB-Bills 210.68 31.60 242.28
GSB-Bills 702.20 105.33 807.53
GSB-Bills 210.68 31.60 242.28
GSB-Bills 702.37 105.36 807.73
GSB-Bills 351.10 52.66 403.76
GSB-Bills 133.09 19.96 153.05
GSB-Bills 648.45 97.27 745.72
GSB-CF Kross 155.02 23.25 178.27
GSB-CF Kross 708.66 106.30 814.96
GSB-CF Kross 166.09 24.91 191.01
GSB-CF Kross 320.00 48.00 368.00
GSB-CF Kross 265.64 39.85 305.48
GSB-CF Kross 885.38 132.81 1,018.19
GSB-CF Kross 265.64 39.85 305.48
GSB-CF Kross 885.60 132.84 1,018.44
GSB-CF Kross 442.69 66.40 509.09
GSB-CF Kross 167.81 25.17 192.98
GSB-CF Kross 817.61 122.64 940.25
GSB-CF Kross 1,453.92 218.09 1,672.01
GSB-Intermediate 304.69 45.70 350.40
GSB-Intermediate 1,392.88 208.93 1,601.81
GSB-Intermediate 326.46 48.97 375.43
GSB-Intermediate 628.97 94.35 723.32
GSB-Intermediate 174.11 26.12 200.23
GSB-Intermediate 522.11 78.32 600.43
GSB-Intermediate 1,740.23 261.03 2,001.27
GSB-Intermediate 522.11 78.32 600.43
GSB-Intermediate 1,740.67 261.10 2,001.77
GSB-Intermediate 870.12 130.52 1,000.63
GSB-Intermediate 329.83 49.47 379.30
GSB-Intermediate 1,607.03 241.05 1,848.08
GSB-Intermediate 178.01 26.70 204.72
GSB-Long 229.86 34.48 264.33
GSB-Long 1,050.77 157.62 1,208.39
GSB-Long 246.27 36.94 283.22
GSB-Long 474.49 71.17 545.66
GSB-Long 131.35 19.70 151.05
GSB-Long 393.87 59.08 452.96
GSB-Long 1,312.81 196.92 1,509.73
GSB-Long 393.87 59.08 452.96
GSB-Long 1,313.13 196.97 1,510.10
GSB-Long 656.40 98.46 754.86
GSB-Long 248.82 37.32 286.14
GSB-Long 1,212.32 181.85 1,394.17
GSB-Long 134.29 20.14 154.44
GSB-Odd Lots 195.49 29.32 224.82
GSB-Odd Lots 244.24 36.64 280.88
GSB-Odd Lots 244.30 36.65 280.95
GSB-Odd Lots 122.12 18.32 140.44
GSB-Odd Lots 225.55 33.83 259.38
GSB-Short 251.24 37.69 288.92
GSB-Short 1,148.52 172.28 1,320.79
GSB-Short 269.18 40.38 309.56
GSB-Short 518.63 77.79 596.42
GSB-Short 143.56 21.53 165.10
GSB-Short 430.51 64.58 495.09
GSB-Short 1,434.93 215.24 1,650.17
GSB-Short 430.51 64.58 495.09
GSB-Short 1,435.29 215.29 1,650.58
GSB-Short 717.46 107.62 825.08
GSB-Short 271.97 40.79 312.76
GSB-Short 1,325.09 198.76 1,523.86
GSB-Short 146.78 22.02 168.80
GSB-Short/Intermediate 261.93 39.29 301.22
GSB-Short/Intermediate 1,197.39 179.61 1,377.00
GSB-Short/Intermediate 280.64 42.10 322.73
GSB-Short/Intermediate 540.70 81.10 621.80
GSB-Short/Intermediate 149.67 22.45 172.12
GSB-Short/Intermediate 448.83 67.33 516.16
GSB-Short/Intermediate 1,495.99 224.40 1,720.39
GSB-Short/Intermediate 448.83 67.33 516.16
GSB-Short/Intermediate 1,496.36 224.45 1,720.82
GSB-Short/Intermediate 747.99 112.20 860.19
GSB-Short/Intermediate 283.54 42.53 326.07
GSB-Short/Intermediate 1,381.48 207.22 1,588.70
GSB-Short/Intermediate 153.03 22.95 175.98
GSB-Spread Brokerage 171.06 25.66 196.71
GSB-Spread Brokerage 213.71 32.06 245.77
GSB-Spread Brokerage 213.77 32.06 245.83
GSB-Spread Brokerage 197.35 29.60 226.96
GSB-Swaps 439.86 65.98 505.84
GSB-Swaps 198.62 29.79 228.42
GSB-Swaps 164.88 24.73 189.61
GSB-Swaps 549.55 82.43 631.98
GSB-Swaps 164.88 24.73 189.61
GSB-Swaps 549.68 82.45 632.14
GSB-Swaps 274.77 41.22 315.99
GSB-Swaps 507.48 76.12 583.60
GSB-Volume Control 244.37 36.65 281.02
GSB-Volume Control 305.30 45.80 351.10
GSB-Volume Control 305.38 45.81 351.19
GSB-Volume Control 152.65 22.90 175.55
GSB-Volume Control 281.93 42.29 324.22
GSB-Zeros 293.24 43.99 337.22
GSB-Zeros 132.42 19.86 152.28
GSB-Zeros 366.36 54.95 421.32
GSB-Zeros 366.46 54.97 421.42
GSB-Zeros 183.18 27.48 210.66
GSB-Zeros 338.32 50.75 389.07
Human Resources-NY 171.06 25.66 196.71
Human Resources-NY 213.71 32.06 245.77
Human Resources-NY 213.77 32.06 245.83
Human Resources-NY 197.35 29.60 226.96
IES 146.62 21.99 168.61
IES 183.18 27.48 210.66
IES 183.23 27.48 210.71
IES 169.16 25.37 194.53
IRS-CM IR Options 244.37 36.65 281.02
IRS-CM IR Options 305.30 45.80 351.10
IRS-CM IR Options 305.38 45.81 351.19
IRS-CM IR Options 152.65 22.90 175.55
IRS-CM IR Options 281.93 42.29 324.22
IRS-CM Mediums 268.80 40.32 309.12
IRS-CM Mediums 121.38 18.21 139.59
IRS-CM Mediums 335.83 50.38 386.21
IRS-CM Mediums 335.92 50.39 386.31
IRS-CM Mediums 167.92 25.19 193.10
IRS-CM Mediums 310.13 46.52 356.65
IRS-CM Mediums 302.00 45.30 347.30
IRS-CM Mediums 6,620.16 993.02 7,613.18
IRS-CM Mediums 8,513.42 1,277.01 9,790.43
IRS-CM SS/FRAS 390.98 58.65 449.63
IRS-CM SS/FRAS 176.55 26.48 203.04
IRS-CM SS/FRAS 146.56 21.98 168.54
IRS-CM SS/FRAS 488.49 73.27 561.76
IRS-CM SS/FRAS 146.56 21.98 168.54
IRS-CM SS/FRAS 488.61 73.29 561.90
IRS-CM SS/FRAS 244.24 36.64 280.88
IRS-CM SS/FRAS 451.10 67.66 518.76
IRS-CM SS/FRAS 6,620.16 993.02 7,613.18
IRS-CM SS/FRAS 8,513.42 1,277.01 9,790.43
Legal-NY 244.37 36.65 281.02
Legal-NY 305.30 45.80 351.10
Legal-NY 305.38 45.81 351.19
Legal-NY 152.65 22.90 175.55
Legal-NY 281.93 42.29 324.22
LONDON OFF THE RUNS (OTR)(B-6D000) 525.31 78.80 604.11
LONDON OFF THE RUNS (OTR)(B-6D000) 525.31 78.80 604.11
LONDON OFF THE RUNS (OTR)(B-6D000) 2,101.25 315.19 2,416.44
LONDON OFF THE RUNS (OTR)(B-6D000) 245.15 36.77 281.92
LONDON OFF THE RUNS (OTR)(B-6D000) 1,190.71 178.61 1,369.31
LONDON OFF THE RUNS (OTR)(B-6D000) 595.35 89.30 684.66
LONDON OFF THE RUNS (OTR)(B-6D000) 2,101.25 315.19 2,416.44
Marketing-NY 122.18 18.33 140.51
Marketing-NY 152.65 22.90 175.55
Marketing-NY 152.69 22.90 175.59
Marketing-NY 140.97 21.15 162.11
MBSB-ARMS 122.12 18.32 140.44
MBSB-ARMS 122.15 18.32 140.47
MBSB-CMOS 122.18 18.33 140.51
MBSB-CMOS 152.65 22.90 175.55
MBSB-CMOS 152.69 22.90 175.59
MBSB-CMOS 140.97 21.15 162.11
MBSB-GNMA 122.95 18.44 141.39
MBSB-GNMA 562.04 84.31 646.35
MBSB-GNMA 131.73 19.76 151.49
MBSB-GNMA 253.80 38.07 291.87
MBSB-GNMA 210.68 31.60 242.28
MBSB-GNMA 702.20 105.33 807.53
MBSB-GNMA 210.68 31.60 242.28
MBSB-GNMA 702.37 105.36 807.73
MBSB-GNMA 351.10 52.66 403.76
MBSB-GNMA 133.09 19.96 153.05
MBSB-GNMA 648.45 97.27 745.72
MBSB-GNMA 233.09 34.96 268.06
MBSB-STRIPS 146.62 21.99 168.61
MBSB-STRIPS 183.18 27.48 210.66
MBSB-STRIPS 183.23 27.48 210.71
MBSB-STRIPS 169.16 25.37 194.53
MBSB-SUPPORT STAFF 219.93 32.99 252.92
MBSB-SUPPORT STAFF 274.77 41.22 315.99
MBSB-SUPPORT STAFF 274.84 41.23 316.07
MBSB-SUPPORT STAFF 137.39 20.61 157.99
MBSB-SUPPORT STAFF 253.74 38.06 291.80
MMI-NY 219.93 32.99 252.92
MMI-NY 274.77 41.22 315.99
MMI-NY 274.84 41.23 316.07
MMI-NY 137.39 20.61 157.99
MMI-NY 253.74 38.06 291.80
MUNIS-BID WANTED-NY 294.56 44.18 338.75
MUNIS-BID WANTED-NY 195.49 29.32 224.82
MUNIS-BID WANTED-NY 244.24 36.64 280.88
MUNIS-BID WANTED-NY 244.30 36.65 280.95
MUNIS-BID WANTED-NY 122.12 18.32 140.44
MUNIS-BID WANTED-NY 225.55 33.83 259.38
MUNIS-DOLLAR REVENUE-NY 294.56 44.18 338.75
MUNIS-DOLLAR REVENUE-NY 171.06 25.66 196.71
MUNIS-DOLLAR REVENUE-NY 213.71 32.06 245.77
MUNIS-DOLLAR REVENUE-NY 213.77 32.06 245.83
MUNIS-DOLLAR REVENUE-NY 197.35 29.60 226.96
MUNIS-GENERAL OBLIGATIONS-NY 631.20 94.68 725.88
MUNIS-GENERAL OBLIGATIONS-NY 179.44 26.92 206.35
MUNIS-GENERAL OBLIGATIONS-NY 178.61 26.79 205.40
MUNIS-GENERAL OBLIGATIONS-NY 268.80 40.32 309.12
MUNIS-GENERAL OBLIGATIONS-NY 121.38 18.21 139.59
MUNIS-GENERAL OBLIGATIONS-NY 335.83 50.38 386.21
MUNIS-GENERAL OBLIGATIONS-NY 335.92 50.39 386.31
MUNIS-GENERAL OBLIGATIONS-NY 167.92 25.19 193.10
MUNIS-GENERAL OBLIGATIONS-NY 310.13 46.52 356.65
MUNIS-NY & PR SERIALS & DOLLARS-NY 589.12 88.37 677.49
MUNIS-NY & PR SERIALS & DOLLARS-NY 167.47 25.12 192.59
MUNIS-NY & PR SERIALS & DOLLARS-NY 166.70 25.00 191.70
MUNIS-NY & PR SERIALS & DOLLARS-NY 366.55 54.98 421.53
MUNIS-NY & PR SERIALS & DOLLARS-NY 165.52 24.83 190.35
MUNIS-NY & PR SERIALS & DOLLARS-NY 137.40 20.61 158.01
MUNIS-NY & PR SERIALS & DOLLARS-NY 457.96 68.69 526.65
MUNIS-NY & PR SERIALS & DOLLARS-NY 137.40 20.61 158.01
MUNIS-NY & PR SERIALS & DOLLARS-NY 458.07 68.71 526.78
MUNIS-NY & PR SERIALS & DOLLARS-NY 228.98 34.35 263.32
MUNIS-NY & PR SERIALS & DOLLARS-NY 422.90 63.44 486.34
MUNIS-SUPPORT-NY 294.56 44.18 338.75
Office Services-NY 187.09 28.06 215.16
Office Services-NY 855.28 128.29 983.57
Office Services-NY 200.46 30.07 230.52
Office Services-NY 386.21 57.93 444.14
Office Services-NY 320.60 48.09 368.69
Office Services-NY 1,068.56 160.28 1,228.85
Office Services-NY 320.60 48.09 368.69
Office Services-NY 1,068.83 160.32 1,229.16
Office Services-NY 534.28 80.14 614.42
Office Services-NY 202.53 30.38 232.91
Office Services-NY 986.77 148.02 1,134.79
OPS-EQUITIES(B-BF200) 390.22 58.53 448.75
OPS-EQUITIES(B-BF200) 1,783.87 267.58 2,051.45
OPS-EQUITIES(B-BF200) 418.09 62.71 480.81
OPS-EQUITIES(B-BF200) 805.53 120.83 926.36
OPS-EQUITIES(B-BF200) 222.98 33.45 256.43
OPS-EQUITIES(B-BF200) 668.67 100.30 768.97
OPS-EQUITIES(B-BF200) 2,228.72 334.31 2,563.03
OPS-EQUITIES(B-BF200) 668.67 100.30 768.97
OPS-EQUITIES(B-BF200) 2,229.28 334.39 2,563.67
OPS-EQUITIES(B-BF200) 1,114.36 167.15 1,281.51
OPS-EQUITIES(B-BF200) 422.41 63.36 485.78
OPS-EQUITIES(B-BF200) 2,058.12 308.72 2,366.84
OPS-EQUITIES(B-BF200) 227.98 34.20 262.18
OPS-EQUITIES(B-BF200) 122.24 18.34 140.58
OTC Options-NY 219.93 32.99 252.92
OTC Options-NY 274.77 41.22 315.99
OTC Options-NY 274.84 41.23 316.07
OTC Options-NY 137.39 20.61 157.99
OTC Options-NY 253.74 38.06 291.80
Systems-NY 359.40 53.91 413.31
Systems-NY 152.81 22.92 175.73
Systems-NY 1,000.29 150.04 1,150.34
Systems-NY 120.55 18.08 138.64
Systems-NY 219.98 33.00 252.97
Systems-NY 685.20 102.78 787.98
Systems-NY 245.92 36.89 282.80
Systems-NY 2,691.11 403.67 3,094.78
Systems-NY 241.38 36.21 277.59
Systems-NY 541.20 81.18 622.38
Systems-NY 2,152.89 322.93 2,475.82
Systems-NY 176.58 26.49 203.07
Systems-NY 245.42 36.81 282.23
Systems-NY 229.46 34.42 263.87
Systems-NY 543.74 81.56 625.30
Systems-NY 538.22 80.73 618.96
Systems-NY 416.15 62.42 478.57
Systems-NY 210.00 31.50 241.50
Systems-NY 1,145.28 171.79 1,317.07
Systems-NY 11,293.94 1,694.09 12,988.03
Systems-NY 467.64 70.15 537.79
Systems-NY 550.69 82.60 633.30
Systems-NY 559.92 83.99 643.91
Systems-NY 498.82 74.82 573.64
Systems-NY 460.16 69.02 529.18
Systems-NY 310.51 46.58 357.09
1,449.50 217.42 1,666.92
206.98 31.05 238.03
Agencies 329.86 49.48 379.34
Corporate Bonds-Utilities/tel/disc 737.75 110.66 848.41
Equity Screen Brokerage 1,091.36 163.70 1,255.07
Equity Screen Brokerage 155.84 23.38 179.22
Euro's London 416.57 62.48 479.05
FX Forward Mark 821.82 123.27 945.09
FX Forward Mark 117.35 17.60 134.96
FX Forward Yen 821.82 123.27 945.09
FX Forward Yen 117.35 17.60 134.96
FX Options-NY 823.71 123.56 947.26
FX Options-NY 117.62 17.64 135.27
GSB - SHARED COST(B-6C000) 6,389.84 958.48 7,348.32
GSB - SHARED COST(B-6C000) 912.46 136.87 1,049.32
GSB - SHARED COST(B-6C000) 267.85 40.18 308.03
GSB-Odd Lots 116.86 17.53 134.39
IRS-CM Mediums 2,114.87 317.23 2,432.10
IRS-CM Mediums 302.00 45.30 347.30
MBSB-GNMA 1,632.33 244.85 1,877.18
MBSB-GNMA 233.09 34.96 268.06
MUNIS-SUPPORT-NY 684.22 102.63 786.86
OTC Options-NY 1,460.53 219.08 1,679.61
Systems-NY 350.17 52.53 402.69
Systems-NY 359.15 53.87 413.02
Systems-NY 4,309.77 646.47 4,956.24
Systems-NY 115.73 17.36 133.08
Systems-NY 161.87 24.28 186.15
Systems-NY 183.07 27.46 210.53
Systems-NY 538.22 80.73 618.96
Systems-NY 978.38 146.76 1,125.13
Systems-NY 503.65 75.55 579.20
Systems-NY 523.01 78.45 601.46
Systems-NY 296.80 44.52 341.31
Systems-NY 205.01 30.75 235.77
Systems-NY 1,187.18 178.08 1,365.26
Systems-NY 528.50 79.27 607.77
Systems-NY 357.90 53.69 411.59
Systems-NY 885.15 132.77 1,017.92
Systems-NY 1,210.13 181.52 1,391.65
Systems-NY 526.75 79.01 605.76
Systems-NY 4,715.26 707.29 5,422.55
Systems-NY 573.64 86.05 659.68
Systems-NY 448.93 67.34 516.27
Systems-NY 583.14 87.47 670.61
Systems-NY 317.58 47.64 365.22
Systems-NY 585.06 87.76 672.81
Systems-NY 437.71 65.66 503.37
Systems-NY 366.01 54.90 420.91
Systems-NY 366.01 54.90 420.91
Systems-NY 197.45 29.62 227.07
Accounting-NY 1,223.06 183.46 1,406.52
Accounting-NY 4,125.48 618.82 4,744.30
Accounting-NY 203.42 30.51 233.93
Accounting-NY 472.50 70.88 543.38
Accounting-NY 2,533.15 379.97 2,913.13
Accounting-NY 489.89 73.48 563.37
Agencies 434.87 65.23 500.09
Agencies 1,466.84 220.03 1,686.86
Agencies 900.68 135.10 1,035.78
Art-NY 275.03 41.25 316.29
Business Administration 275.03 41.25 316.29
COMMUNICATIONS (SUSPENSE)(B-BP100) 2,149.40 322.41 2,471.81
Communications-NY 434.87 65.23 500.09
Communications-NY 1,466.84 220.03 1,686.86
Communications-NY 900.68 135.10 1,035.78
Corporate Bonds-Canadians 641.74 96.26 738.00
Corporate Bonds-Canadians 394.05 59.11 453.15
Corporate Bonds-Corp Convertible Bonds 550.06 82.51 632.57
Corporate Bonds-Corp Convertible Bonds 337.75 50.66 388.42
Corporate Bonds-High level Transaction 275.03 41.25 316.29
Corporate Bonds-Industrials 458.39 68.76 527.14
Corporate Bonds-Industrials 281.46 42.22 323.68
Corporate Bonds-Intermediates 298.97 44.85 343.82
Corporate Bonds-Intermediates 1,008.45 151.27 1,159.72
Corporate Bonds-Intermediates 619.22 92.88 712.10
Corporate Bonds-Junks 217.43 32.61 250.05
Corporate Bonds-Junks 733.42 110.01 843.43
Corporate Bonds-Junks 450.34 67.55 517.89
Corporate Bonds-Med Term Notes 641.74 96.26 738.00
Corporate Bonds-Med Term Notes 394.05 59.11 453.15
Corporate Bonds-Support 271.79 40.77 312.56
Corporate Bonds-Support 916.77 137.52 1,054.29
Corporate Bonds-Support 562.92 84.44 647.36
Corporate Bonds-Utilities/tel/ret 458.39 68.76 527.14
Corporate Bonds-Utilities/tel/ret 281.46 42.22 323.68
Corporate-NY 462.04 69.31 531.35
Corporate-NY 1,558.52 233.78 1,792.29
Corporate-NY 956.97 143.55 1,100.51
Credit 217.43 32.61 250.05
Credit 733.42 110.01 843.43
Credit 450.34 67.55 517.89
Environmental (EBS)-San Francisco 366.71 55.01 421.72
Environmental (EBS)-San Francisco 225.17 33.78 258.94
Equity Screen Brokerage 271.79 40.77 312.56
Equity Screen Brokerage 916.77 137.52 1,054.29
Equity Screen Brokerage 562.92 84.44 647.36
FX Forward Mark 641.74 96.26 738.00
FX Forward Mark 394.05 59.11 453.15
FX Forward Yen 244.61 36.69 281.30
FX Forward Yen 825.10 123.76 948.86
FX Forward Yen 506.63 75.99 582.63
FX Options-NY 543.58 81.54 625.12
FX Options-NY 1,833.55 275.03 2,108.58
FX Options-NY 210.00 31.50 241.50
FX Options-NY 1,125.85 168.88 1,294.72
FX Options-NY 217.73 32.66 250.39
GSB - SHARED COST(B-6C000) 804.49 120.67 925.16
GSB - SHARED COST(B-6C000) 757.45 113.62 871.07
GSB-Bills 625.12 93.77 718.89
GSB-Bills 2,108.58 316.29 2,424.87
GSB-Bills 241.50 36.23 277.73
GSB-Bills 1,294.72 194.21 1,488.93
GSB-Bills 250.39 37.56 287.95
GSB-CF Kross 788.19 118.23 906.42
GSB-CF Kross 2,658.64 398.80 3,057.44
GSB-CF Kross 2,184.88 327.73 2,512.61
GSB-CF Kross 314.32 47.15 361.47
GSB-CF Kross 813.14 121.97 935.11
GSB-CF Kross 378.23 56.73 434.97
GSB-CF Kross 471.76 70.76 542.52
GSB-CF Kross 304.50 45.68 350.18
GSB-CF Kross 1,632.48 244.87 1,877.35
GSB-CF Kross 315.71 47.36 363.06
GSB-Intermediate 1,549.21 232.38 1,781.59
GSB-Intermediate 5,225.61 783.84 6,009.45
GSB-Intermediate 257.66 38.65 296.31
GSB-Intermediate 598.50 89.78 688.28
GSB-Intermediate 194.94 29.24 224.18
GSB-Intermediate 3,208.66 481.30 3,689.96
GSB-Intermediate 620.52 93.08 713.60
GSB-Long 1,168.70 175.30 1,344.00
GSB-Long 3,942.13 591.32 4,533.45
GSB-Long 194.38 29.16 223.53
GSB-Long 451.50 67.73 519.23
GSB-Long 2,420.57 363.09 2,783.65
GSB-Long 468.12 70.22 538.33
GSB-Odd Lots 217.43 32.61 250.05
GSB-Odd Lots 733.42 110.01 843.43
GSB-Odd Lots 450.34 67.55 517.89
GSB-Short 1,277.42 191.61 1,469.03
GSB-Short 4,308.84 646.33 4,955.16
GSB-Short 212.46 31.87 244.33
GSB-Short 493.50 74.03 567.53
GSB-Short 2,645.74 396.86 3,042.60
GSB-Short 511.66 76.75 588.41
GSB-Short/Intermediate 1,331.77 199.77 1,531.54
GSB-Short/Intermediate 4,492.19 673.83 5,166.02
GSB-Short/Intermediate 221.50 33.22 254.72
GSB-Short/Intermediate 514.50 77.18 591.68
GSB-Short/Intermediate 2,758.32 413.75 3,172.07
GSB-Short/Intermediate 533.43 80.02 613.45
GSB-Spread Brokerage 641.74 96.26 738.00
GSB-Spread Brokerage 394.05 59.11 453.15
GSB-Swaps 489.22 73.38 562.61
GSB-Swaps 1,650.19 247.53 1,897.72
GSB-Swaps 1,013.26 151.99 1,165.25
GSB-Swaps 195.96 29.39 225.35
GSB-Volume Control 271.79 40.77 312.56
GSB-Volume Control 916.77 137.52 1,054.29
GSB-Volume Control 562.92 84.44 647.36
GSB-Zeros 326.15 48.92 375.07
GSB-Zeros 1,100.13 165.02 1,265.15
GSB-Zeros 675.51 101.33 776.83
Human Resources-NY 641.74 96.26 738.00
Human Resources-NY 394.05 59.11 453.15
IRS-CM IR Options 271.79 40.77 312.56
IRS-CM IR Options 916.77 137.52 1,054.29
IRS-CM IR Options 562.92 84.44 647.36
IRS-CM Mediums 298.97 44.85 343.82
IRS-CM Mediums 1,008.45 151.27 1,159.72
IRS-CM Mediums 619.22 92.88 712.10
IRS-CM SS/FRAS 407.69 61.15 468.84
IRS-CM SS/FRAS 1,375.16 206.27 1,581.43
IRS-CM SS/FRAS 844.38 126.66 971.04
Legal-NY 271.79 40.77 312.56
Legal-NY 916.77 137.52 1,054.29
Legal-NY 562.92 84.44 647.36
Marketing-NY 458.39 68.76 527.14
Marketing-NY 281.46 42.22 323.68
MBSB-ARMS 366.71 55.01 421.72
MBSB-ARMS 225.17 33.78 258.94
MBSB-CMOS 458.39 68.76 527.14
MBSB-CMOS 281.46 42.22 323.68
MBSB-GNMA 625.12 93.77 718.89
MBSB-GNMA 2,108.58 316.29 2,424.87
MBSB-GNMA 241.50 36.23 277.73
MBSB-GNMA 1,294.72 194.21 1,488.93
MBSB-GNMA 250.39 37.56 287.95
MBSB-REGIONALS 275.03 41.25 316.29
MBSB-STRIPS 550.06 82.51 632.57
MBSB-STRIPS 337.75 50.66 388.42
MBSB-SUPPORT STAFF 244.61 36.69 281.30
MBSB-SUPPORT STAFF 825.10 123.76 948.86
MBSB-SUPPORT STAFF 506.63 75.99 582.63
MMI-NY 244.61 36.69 281.30
MMI-NY 825.10 123.76 948.86
MMI-NY 506.63 75.99 582.63
MUNIS-BID WANTED-NY 217.43 32.61 250.05
MUNIS-BID WANTED-NY 733.42 110.01 843.43
MUNIS-BID WANTED-NY 450.34 67.55 517.89
MUNIS-DOLLAR REVENUE-NY 641.74 96.26 738.00
MUNIS-DOLLAR REVENUE-NY 394.05 59.11 453.15
MUNIS-GENERAL OBLIGATIONS-NY 298.97 44.85 343.82
MUNIS-GENERAL OBLIGATIONS-NY 1,008.45 151.27 1,159.72
MUNIS-GENERAL OBLIGATIONS-NY 619.22 92.88 712.10
MUNIS-NY & PR SERIALS & DOLLARS-NY 271.79 40.77 312.56
MUNIS-NY & PR SERIALS & DOLLARS-NY 916.77 137.52 1,054.29
MUNIS-NY & PR SERIALS & DOLLARS-NY 562.92 84.44 647.36
MUNIS-SUPPORT-NY 275.03 41.25 316.29
Office Services-NY 951.27 142.69 1,093.96
Office Services-NY 3,208.71 481.31 3,690.01
Office Services-NY 367.50 55.13 422.63
Office Services-NY 1,970.23 295.53 2,265.76
Office Services-NY 381.02 57.15 438.18
OPS-EQUITIES(B-BF200) 1,984.07 297.61 2,281.68
OPS-EQUITIES(B-BF200) 6,692.45 1,003.87 7,696.31
OPS-EQUITIES(B-BF200) 329.99 49.50 379.49
OPS-EQUITIES(B-BF200) 766.50 114.98 881.48
OPS-EQUITIES(B-BF200) 249.66 37.45 287.11
OPS-EQUITIES(B-BF200) 4,109.34 616.40 4,725.74
OPS-EQUITIES(B-BF200) 794.71 119.21 913.91
OTC Options-NY 244.61 36.69 281.30
OTC Options-NY 825.10 123.76 948.86
OTC Options-NY 506.63 75.99 582.63
SYSTEMS - TO BE ALLOCATED(B-BA500) 1,022.57 153.39 1,175.96
Systems-NY 1,709.91 256.49 1,966.40
Systems-NY 748.22 112.23 860.46
Systems-NY 515.44 77.32 592.76
Systems-NY 2,598.00 389.70 2,987.70
Systems-NY 2,929.46 439.42 3,368.88
Tax-NY 275.03 41.25 316.29
691.78 103.77 795.55
1,191.99 178.80 1,370.79
1,188.55 178.28 1,366.84
Accounting-NY 4,268.84 640.33 4,909.17
Accounting-NY 2,187.05 328.06 2,515.11
Agencies 991.36 148.70 1,140.06
Agencies 1,393.91 209.09 1,602.99
Agencies 714.14 107.12 821.26
Art-NY 261.36 39.20 300.56
Business Administration 261.36 39.20 300.56
Communications-NY 979.06 146.86 1,125.92
Communications-NY 714.14 107.12 821.26
Corporate Bonds-Canadians 609.83 91.48 701.31
Corporate Bonds-Canadians 312.44 46.87 359.30
Corporate Bonds-Corp Convertible Bonds 522.72 78.41 601.12
Corporate Bonds-Corp Convertible Bonds 267.80 40.17 307.97
Corporate Bonds-High level Transaction 261.36 39.20 300.56
Corporate Bonds-Industrials 435.60 65.34 500.94
Corporate Bonds-Industrials 223.17 33.48 256.64
Corporate Bonds-Intermediates 1,045.43 156.81 1,202.24
Corporate Bonds-Intermediates 535.61 80.34 615.95
Corporate Bonds-Junks 784.07 117.61 901.68
Corporate Bonds-Junks 401.70 60.26 461.96
Corporate Bonds-Med Term Notes 609.83 91.48 701.31
Corporate Bonds-Med Term Notes 312.44 46.87 359.30
Corporate Bonds-New Issues\Regionals 261.36 39.20 300.56
Corporate Bonds-out of town 397.33 59.60 456.93
Corporate Bonds-out of town 396.18 59.43 455.61
Corporate Bonds-Support 522.72 78.41 601.12
Corporate Bonds-Support 267.80 40.17 307.97
Corporate Bonds-Utilities/tel/ret 435.60 65.34 500.94
Corporate Bonds-Utilities/tel/ret 223.17 33.48 256.64
Corporate-NY 1,568.15 235.22 1,803.37
Corporate-NY 803.41 120.51 923.92
Credit 958.31 143.75 1,102.06
Credit 490.97 73.65 564.62
Emerging Markets Brady Bonds 794.66 119.20 913.86
Emerging Markets Brady Bonds 792.37 118.86 911.22
Emerging Markets Brady Bonds 1,060.55 159.08 1,219.63
Emerging Markets Brady Bonds 2,700.70 405.10 3,105.80
Emerging Markets Brady Bonds 1,383.65 207.55 1,591.19
Emerging Markets Brady Bonds 3,741.12 561.17 4,302.29
Emerging Markets Brady Bonds 5,985.79 897.87 6,883.66
Emerging Markets Brady Bonds 748.22 112.23 860.46
Emerging Markets Brady Bonds 298.16 44.72 342.89
Emerging Markets Brady Bonds 265.24 39.79 305.03
Emerging Markets Brady Bonds 561.94 84.29 646.23
Emerging Markets Brady Bonds 2,566.51 384.98 2,951.48
Emerging Markets Euro Bonds 794.66 119.20 913.86
Emerging Markets Euro Bonds 792.37 118.86 911.22
Emerging Markets Euro Bonds 1,045.43 156.81 1,202.24
Emerging Markets Euro Bonds 535.61 80.34 615.95
Environmental (EBS) 909.12 136.37 1,045.49
Environmental (EBS) 748.22 112.23 860.46
Environmental (EBS) 748.22 112.23 860.46
Environmental (EBS) 2,674.90 401.24 3,076.14
Equity Screen Brokerage 397.33 59.60 456.93
Equity Screen Brokerage 396.18 59.43 455.61
Equity Screen Brokerage 1,306.79 196.02 1,502.81
Equity Screen Brokerage 669.51 100.43 769.93
Euro's London 299.57 44.94 344.51
FX Forward Mark 345.56 51.83 397.40
FX Forward Mark 1,060.55 159.08 1,219.63
FX Forward Mark 979.06 146.86 1,125.92
FX Forward Mark 312.44 46.87 359.30
FX Forward Mark 748.22 112.23 860.46
FX Forward Yen 346.22 51.93 398.15
FX Forward Yen 784.07 117.61 901.68
FX Forward Yen 401.70 60.26 461.96
FX Forward Yen 748.22 112.23 860.46
FX Options-Exotic - NY (87.12) (13.07) (100.19)
FX Options-Exotic - NY (2.29) (0.34) (2.63)
FX Options-Exotic - NY (223.17) (33.48) (256.64)
FX Options-NY 1,568.15 235.22 1,803.37
FX Options-NY 803.41 120.51 923.92
FX Options-NY 748.22 112.23 860.46
GSB - SHARED COST(B-6C000) 2,995.75 449.36 3,445.11
GSB - SHARED COST(B-6C000) 4,370.62 655.59 5,026.22
GSB - SHARED COST(B-6C000) 4,358.03 653.70 5,011.74
GSB - SHARED COST(B-6C000) 1,060.55 159.08 1,219.63
GSB - SHARED COST(B-6C000) 748.22 112.23 860.46
GSB - SHARED COST(B-6C000) 1,496.45 224.47 1,720.92
GSB-Bills 1,742.38 261.36 2,003.74
GSB-Bills 892.68 133.90 1,026.58
GSB-CF Kross 2,352.22 352.83 2,705.05
GSB-CF Kross 1,205.11 180.77 1,385.88
GSB-Intermediate 5,365.89 804.88 6,170.78
GSB-Intermediate 2,544.12 381.62 2,925.74
GSB-Long 3,955.89 593.38 4,549.27
GSB-Long 1,829.98 274.50 2,104.48
GSB-Odd Lots 784.07 117.61 901.68
GSB-Odd Lots 401.70 60.26 461.96
GSB-Proprietary Desk 435.60 65.34 500.94
GSB-Proprietary Desk 223.17 33.48 256.64
GSB-Short 4,571.69 685.75 5,257.45
GSB-Short 1,963.89 294.58 2,258.47
GSB-Short/Intermediate 4,181.72 627.26 4,808.98
GSB-Short/Intermediate 2,142.42 321.36 2,463.78
GSB-Spread Brokerage 522.72 78.41 601.12
GSB-Spread Brokerage 267.80 40.17 307.97
GSB-Swaps 2,393.70 359.06 2,752.76
GSB-Swaps 848.04 127.21 975.25
GSB-Volume Control 522.72 78.41 601.12
GSB-Volume Control 267.80 40.17 307.97
GSB-Zeros 1,045.43 156.81 1,202.24
GSB-Zeros 535.61 80.34 615.95
Human Resources-NY 609.83 91.48 701.31
Human Resources-NY 312.44 46.87 359.30
IES 609.83 91.48 701.31
IES 312.44 46.87 359.30
IRS-CM IR Options 784.07 117.61 901.68
IRS-CM IR Options 401.70 60.26 461.96
IRS-CM Mediums 1,132.55 169.88 1,302.43
IRS-CM Mediums 580.24 87.04 667.27
IRS-CM SS/FRAS 1,568.15 235.22 1,803.37
IRS-CM SS/FRAS 803.41 120.51 923.92
IRS-LONDON FRA 1,219.67 182.95 1,402.62
IRS-LONDON FRA 624.87 93.73 718.60
Legal-NY 1,219.67 182.95 1,402.62
Legal-NY 624.87 93.73 718.60
LONDON OFF THE RUNS (OTR)(B-6D000) 1,060.55 159.08 1,219.63
Marketing-NY 348.48 52.27 400.75
MBSB-ARMS 261.36 39.20 300.56
MBSB-CMOS 435.60 65.34 500.94
MBSB-CMOS 223.17 33.48 256.64
MBSB-GNMA 691.78 103.77 795.55
MBSB-GNMA 2,003.74 300.56 2,304.30
MBSB-GNMA 1,026.58 153.99 1,180.56
MBSB-REGIONALS 261.36 39.20 300.56
MBSB-STRIPS 522.72 78.41 601.12
MBSB-STRIPS 267.80 40.17 307.97
MBSB-SUPPORT STAFF 784.07 117.61 901.68
MBSB-SUPPORT STAFF 401.70 60.26 461.96
MMI-NY 784.07 117.61 901.68
MMI-NY 401.70 60.26 461.96
MUNIS-BID WANTED-NY 696.95 104.54 801.50
MUNIS-BID WANTED-NY 357.07 53.56 410.63
MUNIS-DOLLAR REVENUE-NY 609.83 91.48 701.31
MUNIS-DOLLAR REVENUE-NY 312.44 46.87 359.30
MUNIS-GENERAL OBLIGATIONS-NY 1,132.55 169.88 1,302.43
MUNIS-GENERAL OBLIGATIONS-NY 580.24 87.04 667.27
MUNIS-NY & PR SERIALS & DOLLARS-NY 784.07 117.61 901.68
MUNIS-NY & PR SERIALS & DOLLARS-NY 401.70 60.26 461.96
MUNIS-SUPPORT-NY 748.22 112.23 860.46
Office Services-NY 3,136.29 470.44 3,606.73
Office Services-NY 1,606.82 241.02 1,847.84
OPS-EQUITIES(B-BF200) 7,143.77 1,071.57 8,215.34
OPS-EQUITIES(B-BF200) 3,659.97 549.00 4,208.96
OTC Options-NY 784.07 117.61 901.68
OTC Options-NY 401.70 60.26 461.96
Projects 348.48 52.27 400.75
Systems-NY 561.94 84.29 646.23
Systems-NY 307.60 46.14 353.74
Tax-NY 522.72 78.41 601.12
Tax-NY 267.80 40.17 307.97
Training Dept. General 1,742.38 261.36 2,003.74
Training Dept. General 892.68 133.90 1,026.58
Accounting-NY 2,264.15 339.62 2,603.78
Accounting-NY 370.04 55.51 425.54
Accounting-NY 394.25 59.14 453.38
Accounting-NY 489.36 73.40 562.76
Agencies 739.32 110.90 850.21
Communications-NY 879.78 131.97 1,011.75
Corporate Bonds-Canadians 323.45 48.52 371.97
Corporate Bonds-Corp Convertible Bonds 277.24 41.59 318.83
Corporate Bonds-Industrials 231.04 34.66 265.69
Corporate Bonds-Intermediates 554.49 83.17 637.66
Corporate Bonds-Junks 415.87 62.38 478.24
Corporate Bonds-Med Term Notes 323.45 48.52 371.97
Corporate Bonds-Support 277.24 41.59 318.83
Corporate Bonds-Utilities/tel/ret 231.04 34.66 265.69
Credit 508.28 76.24 584.52
Emerging Markets Brady Bonds 3,181.64 477.25 3,658.88
Emerging Markets Brady Bonds 1,432.42 214.86 1,647.29
Emerging Markets Brady Bonds 234.11 35.12 269.22
Emerging Markets Brady Bonds 249.42 37.41 286.84
Emerging Markets Brady Bonds 309.59 46.44 356.03
Emerging Markets Euro Bonds 554.49 83.17 637.66
Equity Screen Brokerage 693.11 103.97 797.07
FX Forward Mark 1,060.55 159.08 1,219.63
FX Forward Mark 323.45 48.52 371.97
FX Forward Yen 415.87 62.38 478.24
FX Options-Exotic - NY (46.21) (6.93) (53.14)
FX Options-Exotic - NY (7.55) (1.13) (8.68)
FX Options-Exotic - NY (8.05) (1.21) (9.25)
FX Options-Exotic - NY (9.99) (1.50) (11.48)
FX Options-NY 831.73 124.76 956.49
GSB - SHARED COST(B-6C000) 4,908.52 736.28 5,644.80
GSB-Bills 924.14 138.62 1,062.77
GSB-Bills 199.74 29.96 229.70
GSB-CF Kross 1,340.01 201.00 1,541.01
GSB-CF Kross 219.00 32.85 251.85
GSB-CF Kross 233.33 35.00 268.33
GSB-CF Kross 289.62 43.44 333.06
GSB-Intermediate 2,633.81 395.07 3,028.88
GSB-Intermediate 430.45 64.57 495.02
GSB-Intermediate 458.61 68.79 527.41
GSB-Intermediate 569.25 85.39 654.64
GSB-Long 1,060.55 159.08 1,219.63
GSB-Long 1,894.50 284.17 2,178.67
GSB-Long 309.62 46.44 356.07
GSB-Long 329.88 49.48 379.36
GSB-Long 409.46 61.42 470.88
GSB-Odd Lots 415.87 62.38 478.24
GSB-Proprietary Desk 231.04 34.66 265.69
GSB-Short 2,033.12 304.97 2,338.09
GSB-Short 332.28 49.84 382.12
GSB-Short 354.02 53.10 407.12
GSB-Short 439.42 65.91 505.34
GSB-Short/Intermediate 2,217.95 332.69 2,550.64
GSB-Short/Intermediate 362.49 54.37 416.86
GSB-Short/Intermediate 386.20 57.93 444.13
GSB-Short/Intermediate 479.37 71.91 551.28
GSB-Spread Brokerage 277.24 41.59 318.83
GSB-Swaps 877.94 131.69 1,009.63
GSB-Volume Control 277.24 41.59 318.83
GSB-Zeros 554.49 83.17 637.66
IRS-CM IR Options 415.87 62.38 478.24
IRS-CM Mediums 600.69 90.10 690.80
IRS-CM SS/FRAS 831.73 124.76 956.49
IRS-LONDON FRA 646.90 97.04 743.94
LONDON OFF THE RUNS (OTR)(B-6D000) 1,060.55 159.08 1,219.63
MBSB-CMOS 231.04 34.66 265.69
MBSB-GNMA 1,062.77 159.41 1,222.18
MBSB-GNMA 229.70 34.45 264.15
MBSB-STRIPS 277.24 41.59 318.83
MBSB-SUPPORT STAFF 415.87 62.38 478.24
MMI-NY 415.87 62.38 478.24
MUNIS-BID WANTED-NY 369.66 55.45 425.11
MUNIS-DOLLAR REVENUE-NY 323.45 48.52 371.97
MUNIS-GENERAL OBLIGATIONS-NY 600.69 90.10 690.80
MUNIS-NY & PR SERIALS & DOLLARS-NY 415.87 62.38 478.24
MUNIS-SUPPORT-NY 3,181.64 477.25 3,658.88
OPS-EQUITIES(B-BF200) 3,788.99 568.35 4,357.34
OPS-EQUITIES(B-BF200) 619.25 92.89 712.14
OPS-EQUITIES(B-BF200) 659.76 98.96 758.73
OPS-EQUITIES(B-BF200) 818.92 122.84 941.76
OTC Options-NY 415.87 62.38 478.24
SYSTEMS - TO BE ALLOCATED(B-BA500) (49.83) (7.47) (57.31)
Systems-NY 500.02 75.00 575.02
Communications-NY 9,990.72 1,498.61 11,489.33
Communications-NY 9,990.72 1,498.61 11,489.33
Communications-NY 2,922.13 438.32 3,360.45
Emerging Markets Brady Bonds 401.88 60.28 462.16
Emerging Markets Brady Bonds 451.76 67.76 519.53
Emerging Markets Brady Bonds 399.26 59.89 459.15
Emerging Markets Brady Bonds 201.81 30.27 232.08
Environmental (EBS) 810.37 121.56 931.92
Equity Screen Brokerage 810.37 121.56 931.92
FX Forward Yen 657.11 98.57 755.68
GSB - SHARED COST(B-6C000) 658.44 98.77 757.20
GSB - SHARED COST(B-6C000) 366.63 54.99 421.62
GSB - SHARED COST(B-6C000) 306.77 46.02 352.79
GSB-Odd Lots 810.37 121.56 931.92
GSB-Swaps 1,620.74 243.11 1,863.85
GSB-Swaps 293.30 44.00 337.30
Headcount all 3,133.31 470.00 3,603.31
Headcount all 626.66 94.00 720.66
Headcount all 278.51 41.78 320.28
Headcount all 991.17 148.67 1,139.84
Headcount all 1,982.33 297.35 2,279.68
Headcount all 1,763.50 264.52 2,028.02
Headcount all 2,950.50 442.57 3,393.07
Headcount all 1,967.00 295.05 2,262.05
Headcount all 2,016.88 302.53 2,319.41
Headcount all 3,511.66 526.75 4,038.41
Headcount NY 2,374.61 356.19 2,730.81
Human Resources-NY 219.47 32.92 252.39
LONDON OFF THE RUNS (OTR)(B-6D000) 6,869.53 1,030.43 7,899.96
LONDON OFF THE RUNS (OTR)(B-6D000) 7,509.28 1,126.39 8,635.67
LONDON OFF THE RUNS (OTR)(B-6D000) 17,017.75 2,552.66 19,570.41
LONDON OFF THE RUNS (OTR)(B-6D000) 1,062.69 159.40 1,222.09
LONDON OFF THE RUNS (OTR)(B-6D000) 650.56 97.58 748.14
LONDON OFF THE RUNS (OTR)(B-6D000) 1,026.56 153.98 1,180.55
LONDON OFF THE RUNS (OTR)(B-6D000) 340.86 51.13 391.99
LONDON OFF THE RUNS (OTR)(B-6D000) 554.46 83.17 637.63
Project-Emerging Markets 657.11 98.57 755.68
Systems-NY 657.98 98.70 756.68
Systems-NY 1,161.82 174.27 1,336.09
Systems-NY 2,756.79 413.52 3,170.31
Systems-NY 59,356.22 8,903.43 68,259.66
Systems-NY 1,624.39 243.66 1,868.05
Systems-NY 810.37 121.56 931.92
Systems-NY 3,749.07 562.36 4,311.43
Systems-NY 2,841.59 426.24 3,267.83
Systems-NY 2,243.01 336.45 2,579.46
Systems-NY 509.62 76.44 586.07
Systems-NY 400.72 60.11 460.82
Systems-NY 203.27 30.49 233.76
Systems-NY 273.52 41.03 314.55
Systems-NY 3,412.32 511.85 3,924.17
Systems-NY 716.36 107.45 823.81
Systems-NY 1,196.70 179.50 1,376.20
Systems-NY 862.40 129.36 991.76
Systems-NY 459.28 68.89 528.17
Systems-NY 415.26 62.29 477.55
Systems-NY 1,455.57 218.34 1,673.91
Systems-NY 351.43 52.72 404.15
Systems-NY 1,479.74 221.96 1,701.70
Systems-NY 3,102.64 465.40 3,568.03
Systems-NY 1,208.38 181.26 1,389.64
Systems-NY 896.41 134.46 1,030.88
Systems-NY 1,111.64 166.75 1,278.39
Systems-NY 456.94 68.54 525.48
Systems-NY 2,010.37 301.56 2,311.92
Systems-NY 1,219.57 182.94 1,402.50
Systems-NY 255.19 38.28 293.47
Systems-NY 726.57 108.99 835.56
Systems-NY 717.86 107.68 825.54
Systems-NY 454.89 68.23 523.13
Systems-NY 818.06 122.71 940.77
Systems-NY 818.06 122.71 940.77
Systems-NY 1,978.40 296.76 2,275.16
Systems-NY 954.40 143.16 1,097.56
Systems-NY 346.54 51.98 398.52
Systems-NY 1,491.60 223.74 1,715.34
Systems-NY 2,100.02 315.00 2,415.02
Systems-NY 447.27 67.09 514.36
Systems-NY 602.94 90.44 693.39
Systems-NY 608.14 91.22 699.36
Systems-NY 16,662.12 2,499.32 19,161.43
Systems-NY 525.32 78.80 604.12
Systems-NY 716.02 107.40 823.42
Systems-NY 221.51 33.23 254.73
Systems-NY 1,039.82 155.97 1,195.80
Systems-NY 2,914.96 437.24 3,352.20
Systems-NY 2,079.65 311.95 2,391.59
Systems-NY 1,039.82 155.97 1,195.80
Systems-NY 1,028.91 154.34 1,183.25
Systems-NY 1,032.55 154.88 1,187.43
Systems-NY 1,399.59 209.94 1,609.53
Systems-NY 373.49 56.02 429.51
Systems-NY 2,064.47 309.67 2,374.15
Systems-NY 351.35 52.70 404.06
Systems-NY 1,038.37 155.76 1,194.12
Systems-NY 357.07 53.56 410.63
Systems-NY 355.41 53.31 408.72
Systems-NY 355.41 53.31 408.72
Systems-NY 350.56 52.58 403.14
Systems-NY 4,516.78 677.52 5,194.30
Systems-NY 2,195.64 329.35 2,524.98
Systems-NY 1,097.82 164.67 1,262.49
Systems-NY 1,097.82 164.67 1,262.49
Systems-NY 3,843.01 576.45 4,419.46
Systems-NY 1,076.25 161.44 1,237.69
Systems-NY 1,093.64 164.05 1,257.68
Emerging Markets Brady Bonds (401.88) (60.28) (462.16)
Emerging Markets Brady Bonds (451.76) (67.76) (519.53)
Headcount all (1,879.99) (282.00) (2,161.99)
Headcount all (495.58) (74.34) (569.92)
Headcount all (1,486.75) (223.01) (1,709.76)
Headcount all (1,763.50) (264.52) (2,028.02)
Headcount all (1,967.00) (295.05) (2,262.05)
Headcount all (1,475.25) (221.29) (1,696.53)
Headcount all (2,633.75) (395.06) (3,028.81)
LONDON OFF THE RUNS (OTR)(B-6D000) (5,672.58) (850.89) (6,523.47)
SYSTEMS - TO BE ALLOCATED(B-BA500) (1,022.57) (153.39) (1,175.96)
Systems-NY (59,356.22) (8,903.43) (68,259.66)
Systems-NY (810.37) (121.56) (931.92)
Systems-NY (604.19) (90.63) (694.82)
Systems-NY (609.78) (91.47) (701.25)
Systems-NY (363.29) (54.49) (417.78)
Systems-NY (717.86) (107.68) (825.54)
Systems-NY (129.97) (19.50) (149.46)
Systems-NY (1,392.16) (208.82) (1,600.98)
Systems-NY (1,750.01) (262.50) (2,012.52)
Systems-NY (223.64) (33.55) (257.18)
Systems-NY (716.02) (107.40) (823.42)
Systems-NY (139.66) (20.95) (160.61)
Systems-NY (2,331.96) (349.79) (2,681.76)
Systems-NY (1,039.82) (155.97) (1,195.80)
Systems-NY (1,399.60) (209.94) (1,609.53)
Systems-NY (186.74) (28.01) (214.75)
Accounting-NY 2,353.45 353.02 2,706.47
Accounting-NY 3,622.11 543.32 4,165.42
Accounting-NY 907.01 136.05 1,043.07
Accounting-NY 1,396.68 209.50 1,606.19
Accounting-NY 1,896.75 284.51 2,181.26
Agencies 1,376.24 206.44 1,582.68
Communications-NY 3,622.79 543.42 4,166.21
Communications-NY 2,302.87 345.43 2,648.30
Communications-NY 892.86 133.93 1,026.79
Communications-NY 1,140.62 171.09 1,311.72
Communications-NY 899.34 134.90 1,034.24
Communications-NY 644.42 96.66 741.08
Communications-NY 814.82 122.22 937.04
Communications-NY 937.23 140.59 1,077.82
Corporate Bonds-Canadians 1,102.07 165.31 1,267.38
Corporate Bonds-Corp Convertible Bonds 569.27 85.39 654.66
Corporate Bonds-High level Transaction 1,220.80 183.12 1,403.92
Corporate Bonds-High level Transaction 396.35 59.45 455.80
Corporate Bonds-High level Transaction 397.80 59.67 457.48
Corporate Bonds-out of town 3,662.39 549.36 4,211.75
Corporate-NY 2,411.91 361.79 2,773.70
Corporate-NY 905.08 135.76 1,040.84
Corporate-NY 1,394.61 209.19 1,603.80
Emerging Markets Brady Bonds 468.30 70.24 538.54
Emerging Markets Brady Bonds 253.84 38.08 291.92
Emerging Markets Brady Bonds 752.66 112.90 865.56
Emerging Markets Brady Bonds 440.90 66.13 507.03
Emerging Markets Brady Bonds 1,971.33 295.70 2,267.03
Emerging Markets Brady Bonds 2,435.86 365.38 2,801.24
Emerging Markets Brady Bonds 2,441.59 366.24 2,807.83
Emerging Markets Brady Bonds 2,204.14 330.62 2,534.77
Emerging Markets Brady Bonds 792.70 118.91 911.61
Emerging Markets Brady Bonds 397.80 59.67 457.48
FX Forward Yen 1,217.93 182.69 1,400.62
GSB - SHARED COST(B-6C000) 657.11 98.57 755.68
GSB - SHARED COST(B-6C000) 2,435.86 365.38 2,801.24
GSB - SHARED COST(B-6C000) 220.85 33.13 253.98
GSB - SHARED COST(B-6C000) 792.70 118.91 911.61
GSB - SHARED COST(B-6C000) 397.80 59.67 457.48
GSB-CF Kross 238.17 35.73 273.90
GSB-Odd Lots 1,217.93 182.69 1,400.62
GSB-Odd Lots 1,220.80 183.12 1,403.92
GSB-Swaps 657.11 98.57 755.68
GSB-Swaps 3,653.79 548.07 4,201.85
GSB-Swaps 1,220.80 183.12 1,403.92
GSB-Swaps 1,225.94 183.89 1,409.83
GSB-Swaps 2,204.14 330.62 2,534.77
GSB-Swaps 294.47 44.17 338.64
Headcount all 2,864.74 429.71 3,294.45
Headcount all 377.85 56.68 434.53
Headcount all 469.82 70.47 540.30
Headcount all 7,489.42 1,123.41 8,612.84
Headcount all 14,634.74 2,195.21 16,829.95
Headcount all 17,011.15 2,551.67 19,562.82
Headcount all 10,532.01 1,579.80 12,111.82
Headcount all 2,068.08 310.21 2,378.29
Headcount all 3,746.21 561.93 4,308.14
Headcount all 316.69 47.50 364.20
Headcount all 847.05 127.06 974.11
Headcount all 5,650.28 847.54 6,497.83
Headcount all 12,472.82 1,870.92 14,343.74
Headcount all 6,238.73 935.81 7,174.54
Headcount all 6,242.27 936.34 7,178.61
Headcount all 8,112.83 1,216.92 9,329.75
Headcount all 4,368.17 655.23 5,023.40
Headcount all 6,238.73 935.81 7,174.54
Headcount all 1,247.35 187.10 1,434.45
Headcount all 4,995.23 749.28 5,744.51
Headcount all 6,870.36 1,030.55 7,900.91
Headcount all 635.16 95.27 730.43
Headcount all 570.86 85.63 656.48
Headcount all 990.69 148.60 1,139.30
Headcount all 816.11 122.42 938.52
Headcount all 2,298.68 344.80 2,643.48
Headcount all 1,682.10 252.31 1,934.41
Headcount all 1,389.75 208.46 1,598.21
Headcount all 4,671.41 700.71 5,372.12
Headcount all 495.58 74.34 569.92
Headcount all 268.94 40.34 309.29
Headcount all 4,260.45 639.07 4,899.52
Headcount all 8,827.68 1,324.15 10,151.83
Headcount NY 226.76 34.01 260.78
Headcount NY 1,000.40 150.06 1,150.46
Headcount NY 489.46 73.42 562.88
Headcount NY 2,411.91 361.79 2,773.70
Headcount NY 905.08 135.76 1,040.84
Headcount NY 1,394.61 209.19 1,603.80
Headcount NY 1,806.69 271.00 2,077.70
Headcount UX 3,857.51 578.63 4,436.14
Headcount VX 1,200.69 180.10 1,380.79
Headcount VX 900.51 135.08 1,035.59
IES 5,402.93 810.44 6,213.36
IRS-CM SS/FRAS 1,217.93 182.69 1,400.62
IRS-CM SS/FRAS 3,517.74 527.66 4,045.40
LONDON OFF THE RUNS (OTR)(B-6D000) 3,743.82 561.57 4,305.40
LONDON OFF THE RUNS (OTR)(B-6D000) 3,746.21 561.93 4,308.14
LONDON OFF THE RUNS (OTR)(B-6D000) 625.94 93.89 719.83
MUNIS-BID WANTED-NY 1,102.07 165.31 1,267.38
MUNIS-SUPPORT-NY 1,102.08 165.31 1,267.39
SYSTEMS DATA LINES(B-BA100) 1,273.56 191.03 1,464.59
SYSTEMS DATA LINES(B-BA100) 664.17 99.63 763.80
SYSTEMS DATA LINES(B-BA100) 830.45 124.57 955.01
SYSTEMS DATA LINES(B-BA100) 1,275.22 191.28 1,466.51
SYSTEMS DATA LINES(B-BA100) 1,246.13 186.92 1,433.04
SYSTEMS DATA LINES(B-BA100) 3,490.31 523.55 4,013.85
SYSTEMS DATA LINES(B-BA100) 2,513.40 377.01 2,890.41
SYSTEMS DATA LINES(B-BA100) 1,256.70 188.51 1,445.21
SYSTEMS DATA LINES(B-BA100) 3,445.26 516.79 3,962.05
SYSTEMS DATA LINES(B-BA100) 7,561.73 1,134.26 8,695.99
SYSTEMS DATA LINES(B-BA100) 7,885.34 1,182.80 9,068.14
SYSTEMS DATA LINES(B-BA100) 1,067.93 160.19 1,228.12
SYSTEMS DATA LINES(B-BA100) 703.01 105.45 808.46
SYSTEMS DATA LINES(B-BA100) 720.79 108.12 828.91
SYSTEMS DATA LINES(B-BA100) 4,524.26 678.64 5,202.90
SYSTEMS DATA LINES(B-BA100) 1,316.87 197.53 1,514.41
SYSTEMS DATA LINES(B-BA100) 625.94 93.89 719.83
SYSTEMS DATA LINES(B-BA100) 8,525.50 1,278.83 9,804.33
SYSTEMS DATA LINES(B-BA100) 651.23 97.68 748.92
SYSTEMS DATA LINES(B-BA100) 705.27 105.79 811.06
SYSTEMS DATA LINES(B-BA100) 4,508.74 676.31 5,185.05
SYSTEMS DATA LINES(B-BA100) 6,103.99 915.60 7,019.59
SYSTEMS DATA LINES(B-BA100) 2,451.89 367.78 2,819.67
SYSTEMS DATA LINES(B-BA100) 6,612.44 991.87 7,604.30
SYSTEMS DATA LINES(B-BA100) 536.36 80.45 616.81
SYSTEMS DATA LINES(B-BA100) 629.89 94.48 724.37
SYSTEMS DATA LINES(B-BA100) 3,747.49 562.12 4,309.61
SYSTEMS DATA LINES(B-BA100) 255.77 38.37 294.14
SYSTEMS DATA LINES(B-BA100) 1,721.05 258.16 1,979.20
SYSTEMS DATA LINES(B-BA100) 3,747.49 562.12 4,309.61
SYSTEMS DATA LINES(B-BA100) 1,066.35 159.95 1,226.30
SYSTEMS DATA LINES(B-BA100) 227.45 34.12 261.56
SYSTEMS DATA LINES(B-BA100) 757.44 113.62 871.05
SYSTEMS DATA LINES(B-BA100) 1,315.49 197.32 1,512.81
SYSTEMS DATA LINES(B-BA100) 268.15 40.22 308.37
SYSTEMS DATA LINES(B-BA100) 314.91 47.24 362.15
SYSTEMS DATA LINES(B-BA100) 1,873.71 281.06 2,154.77
SYSTEMS DATA LINES(B-BA100) 1,720.98 258.15 1,979.13
SYSTEMS DATA LINES(B-BA100) 1,873.71 281.06 2,154.77
SYSTEMS DATA LINES(B-BA100) 533.14 79.97 613.12
SYSTEMS DATA LINES(B-BA100) 329.12 49.37 378.49
SYSTEMS DATA LINES(B-BA100) 1,941.66 291.25 2,232.91
SYSTEMS DATA LINES(B-BA100) 417.59 62.64 480.23
SYSTEMS DATA LINES(B-BA100) 397.81 59.67 457.48
SYSTEMS DATA LINES(B-BA100) 200.36 30.05 230.41
SYSTEMS DATA LINES(B-BA100) 294.47 44.17 338.64
SYSTEMS DATA LINES(B-BA100) 628.66 94.30 722.96
SYSTEMS DATA LINES(B-BA100) 832.62 124.89 957.52
SYSTEMS DATA LINES(B-BA100) 775.66 116.35 892.01
SYSTEMS DATA LINES(B-BA100) 6,250.00 937.50 7,187.50
SYSTEMS DATA LINES(B-BA100) 1,022.57 153.39 1,175.96
SYSTEMS DATA LINES(B-BA100) 781.06 117.16 898.22
SYSTEMS DATA LINES(B-BA100) 252.42 37.86 290.29
SYSTEMS DATA LINES(B-BA100) 786.60 117.99 904.59
SYSTEMS DATA LINES(B-BA100) 524.42 78.66 603.08
SYSTEMS DATA LINES(B-BA100) 2,256.31 338.45 2,594.76
Systems-NY 751.72 112.76 864.47
Systems-NY 657.11 98.57 755.68
Systems-NY 1,415.67 212.35 1,628.02
Systems-NY 700.67 105.10 805.77
Systems-NY 692.15 103.82 795.98
Systems-NY 1,865.78 279.87 2,145.65
Systems-NY 941.93 141.29 1,083.22
Systems-NY 407.60 61.14 468.74
Systems-NY 396.35 59.45 455.80
Systems-NY 628.66 94.30 722.96
Systems-NY 416.31 62.45 478.76
Systems-NY 1,473.17 220.98 1,694.15
Systems-NY 3,571.43 535.71 4,107.14
Systems-NY 2,134.10 320.12 2,454.22
Systems-NY 320.07 48.01 368.08
Systems-NY 353.33 53.00 406.33
Systems-NY 1,097.93 164.69 1,262.62
Systems-NY 320.07 48.01 368.08
Systems-NY 910.86 136.63 1,047.49
Systems-NY 2,325.73 348.86 2,674.59
Systems-NY 268.94 40.34 309.29
Systems-NY 266.04 39.91 305.94
Systems-NY 415.46 62.32 477.78
Systems-NY 1,798.68 269.80 2,068.49
Systems-NY 924.46 138.67 1,063.13
Systems-NY 372.45 55.87 428.31
Systems-NY 901.19 135.18 1,036.37
Systems-NY 260.74 39.11 299.85
Systems-NY 253.19 37.98 291.16
Systems-NY 206.17 30.93 237.10
Systems-NY 1,558.80 233.82 1,792.62
Systems-NY 1,558.80 233.82 1,792.62
Systems-NY 194.33 29.15 223.48
Systems-NY 287.67 43.15 330.82
Systems-NY 354.91 53.24 408.14
Systems-NY 1,042.63 156.39 1,199.02
Systems-NY 482.69 72.40 555.09
Systems-NY 1,392.53 208.88 1,601.41
Systems-NY (768.60) (115.29) (883.89)
Systems-NY 1,085.46 162.82 1,248.28
SYSTEMS DATA LINES(B-BA100) 438.95 65.84 504.79
Systems-NY 3,759.44 563.92 4,323.36
Systems-NY 439.96 65.99 505.95
Systems-NY 908.26 136.24 1,044.50
Systems-NY 415.46 62.32 477.78
Systems-NY 904.58 135.69 1,040.26
Systems-NY 282.65 42.40 325.05
Systems-NY 214.81 32.22 247.03
Systems-NY 695.09 104.26 799.35
Systems-NY 1,919.40 287.91 2,207.31
Systems-NY 515.44 77.32 592.76
Headcount NY 1,078.00 161.70 1,239.69
SYSTEMS DATA LINES(B-BA100) 7,686.02 1,152.90 8,838.92
Systems-NY 9,560.34 1,434.05 10,994.39
Systems-NY 882.33 132.35 1,014.68
Systems-NY 623.19 93.48 716.67
Systems-NY 716.02 107.40 823.42
Systems-NY 383.56 57.53 441.10
Systems-NY 347.54 52.13 399.67
Headcount all 376.44 56.47 432.91
Headcount all 220.56 33.08 253.64
Headcount NY 2,275.15 341.27 2,616.43
Systems-NY 2,366.05 354.91 2,720.96
Systems-NY 355.41 53.31 408.72
Systems-NY 1,217.94 182.69 1,400.63
Systems-NY 619.36 92.90 712.27
Systems-NY 1,214.62 182.19 1,396.81
Systems-NY 5,105.38 765.81 5,871.19
Systems-NY 915.33 137.30 1,052.63
Systems-NY 1,409.88 211.48 1,621.36
Systems-NY 269.50 40.42 309.92
Systems-NY 261.88 39.28 301.16
Systems-NY 1,324.44 198.67 1,523.11
Systems-NY 910.74 136.61 1,047.35
Systems-NY 461.39 69.21 530.60
Systems-NY 779.40 116.91 896.31
Systems-NY 2,338.20 350.73 2,688.93
Systems-NY 1,587.48 238.12 1,825.60
Systems-NY 4,160.96 624.14 4,785.10
LONDON OFF THE RUNS (OTR)(B-6D000) 733.26 109.99 843.25
Office Services-NY 2,275.15 341.27 2,616.43
SYSTEMS - TO BE ALLOCATED(B-BA500) 626.57 93.99 720.56
SYSTEMS DATA LINES(B-BA100) 438.95 65.84 504.79
SYSTEMS DATA LINES(B-BA100) 7,686.02 1,152.90 8,838.92
Systems-Mercury Teledata-NY 924.11 138.62 1,062.72
Systems-NY 2,527.58 379.14 2,906.71
Systems-NY 5,148.61 772.29 5,920.90
Systems-NY 1,253.15 187.97 1,441.12
Systems-NY 355.41 53.31 408.72
Systems-NY 908.26 136.24 1,044.50
Systems-NY 904.58 135.69 1,040.26
Systems-NY 282.65 42.40 325.05
Systems-NY 1,042.63 156.39 1,199.02
Systems-NY 1,919.40 287.91 2,207.31
Systems-NY 515.44 77.32 592.76
CANTOR DIGITAL SPEED(B-AV007) 1,555.33 233.30 1,788.63
ITD-Sales General 493.95 74.09 568.04
SYSTEMS DATA LINES(B-BA100) 10,848.94 1,627.34 12,476.28
Systems-NY 16,195.65 2,429.35 18,625.00
Systems-NY 1,272.65 190.90 1,463.55
Systems-NY 3,019.12 452.87 3,471.99
Systems-NY 5,024.17 753.62 5,777.79
Systems-NY 554.91 83.24 638.15
Systems-NY 498.12 74.72 572.84
Systems-NY 621.44 93.22 714.66
Systems-NY 1,212.80 181.92 1,394.72
Systems-NY 2,598.00 389.70 2,987.70
Systems-NY 830.67 124.60 955.27
Systems-NY 1,401.60 210.24 1,611.84
ITD-Chicago 4,627.90 694.19 5,322.09
MMI-NY 1,480.51 222.08 1,702.59
SYSTEMS - TO BE ALLOCATED(B-BA500) 271.45 40.72 312.17
Systems-NY 208.97 31.35 240.32
Systems-NY 26,715.06 4,007.26 30,722.32
Systems-NY 20,784.72 3,117.71 23,902.43
Systems-NY 2,002.20 300.33 2,302.52
Tax-NY 8,537.96 1,280.69 9,818.66
Systems-NY 1,576.70 236.51 1,813.21
Systems-NY 2,823.16 423.47 3,246.64
SYSTEMS - TO BE ALLOCATED(B-BA500) 14,444.88 2,166.73 16,611.62
Systems-NY 623.52 93.53 717.05
Canadians Coupons-Toronto (256.00) (38.40) (294.40)
GSB - SHARED COST(B-6C000) 960.00 144.00 1,104.00
GSB - SHARED COST(B-6C000) 2,304.00 345.60 2,649.60
GSB-Odd Lots 1,152.00 172.80 1,324.80
GSB-Swaps (1,152.00) (172.80) (1,324.80)
GSB-Swaps (2,048.00) (307.20) (2,355.20)
GSB-Swaps (16.00) (2.40) (18.40)
MBSB-GNMA 512.00 76.80 588.80
MBSB-GNMA 16.00 2.40 18.40
SYSTEMS - TO BE ALLOCATED(B-BA500) (256.00) (38.40) (294.40)
Systems-NY (102.40) (15.36) (117.76)
Systems-NY - - -
Systems-NY (102.40) (15.36) (117.76)
Systems-NY (960.00) (144.00) (1,104.00)
Systems-NY (768.00) (115.20) (883.20)
Systems-NY 192.00 28.80 220.80
Systems-NY 64.00 9.60 73.60
Systems-NY 1,024.00 153.60 1,177.60
Systems-NY (38.40) (5.76) (44.16)
Systems-NY (1,280.00) (192.00) (1,472.00)
Systems-NY (1,024.00) (153.60) (1,177.60)
Systems-NY 128.00 19.20 147.20
Systems-NY - - -
Systems-NY 1,024.00 153.60 1,177.60
Systems-NY 768.00 115.20 883.20
Systems-NY - - -
Systems-NY 256.00 38.40 294.40
Systems-NY 896.00 134.40 1,030.40
Systems-NY 320.00 48.00 368.00
Systems-NY (48.00) (7.20) (55.20)
Systems-NY 64.00 9.60 73.60
Systems-NY (25.60) (3.84) (29.44)
Systems-NY 96.00 14.40 110.40
(805.25) (120.79) (926.04)
Canadians Coupons-Toronto 402.74 60.41 463.15
CONNECTICUT SALES GENERAL 804.48 120.67 925.15
Emerging Markets Brady Bonds 402.74 60.41 463.15
GSB - SHARED COST(B-6C000) 0.77 0.12 0.88
GSB - SHARED COST(B-6C000) 996.48 149.47 1,145.95
GSB - SHARED COST(B-6C000) 53.76 8.06 61.82
GSB - SHARED COST(B-6C000) (402.74) (60.41) (463.15)
GSB - SHARED COST(B-6C000) 916.99 137.55 1,054.54
GSB-CF Kross 402.74 60.41 463.15
GSB-CF Kross 1,563.63 234.54 1,798.17
GSB-CURVE(B-63CUR) 804.48 120.67 925.15
GSB-Odd Lots 671.23 100.68 771.92
GSB-Swaps 804.48 120.67 925.15
GSB-Swaps (245.76) (36.86) (282.62)
Headcount all (25,600.00) (3,840.00) (29,440.00)
IRS-CM Mediums 671.23 100.68 771.92
IRS-CM SS/FRAS (402.74) (60.41) (463.15)
LDC Options 805.25 120.79 926.04
Munis NY PR 1,875.41 281.31 2,156.72
MUNIS-BID WANTED-NY (804.48) (120.67) (925.15)
Systems-NY (317.44) (47.62) (365.06)
Systems-NY (765.44) (114.82) (880.26)
Systems-NY (1,609.73) (241.46) (1,851.19)
Systems-NY (996.48) (149.47) (1,145.95)
Systems-NY (2,083.33) (312.50) (2,395.83)
Systems-NY 2,300.16 345.02 2,645.18
Systems-NY 330.10 49.51 379.61
Systems-NY (999.42) (149.91) (1,149.34)
Systems-NY 1,351.68 202.75 1,554.43
Systems-NY (919.04) (137.86) (1,056.90)
Systems-NY 627.92 94.19 722.10
Systems-NY 36.86 5.53 42.39
Systems-NY 464.49 69.67 534.16
Systems-NY (53.76) (8.06) (61.82)
Systems-NY (402.74) (60.41) (463.15)
Systems-NY (2,013.70) (302.05) (2,315.75)
Systems-NY 53.35 8.00 61.35
Systems-NY (810.50) (121.57) (932.07)
Systems-NY (59.17) (8.88) (68.04)
Systems-NY (93.67) (14.05) (107.72)
(1,609.73) (241.46) (1,851.19)
(358.73) (53.81) (412.54)
Central Development 368.64 55.30 423.94
CONNECTICUT SALES GENERAL 2,414.98 362.25 2,777.22
CONNECTICUT SALES GENERAL 957.60 143.64 1,101.24
EM SUPPORT(B-EM350) (404.58) (60.69) (465.27)
Emerging Markets Brady Bonds (397.03) (59.55) (456.58)
Equities Development 1,240.04 186.01 1,426.05
FX Options-Exotic - NY 147.46 22.12 169.57
GSB - SHARED COST(B-6C000) (804.48) (120.67) (925.15)
GSB - SHARED COST(B-6C000) 1,355.21 203.28 1,558.49
GSB - SHARED COST(B-6C000) 179.20 26.88 206.08
GSB - SHARED COST(B-6C000) (294.91) (44.24) (339.15)
GSB - SHARED COST(B-6C000) (1,052.84) (157.93) (1,210.76)
GSB-CF Kross 805.25 120.79 926.04
GSB-CF Kross 397.03 59.55 456.58
GSB-CF Kross 835.58 125.34 960.92
GSB-CF Kross 395.37 59.30 454.67
GSB-CF Kross 1,052.84 157.93 1,210.76
GSB-CF Kross 9,253.22 1,387.98 10,641.21
GSB-Swaps (996.48) (149.47) (1,145.95)
GSB-Swaps (2,317.82) (347.67) (2,665.50)
GSB-Swaps (395.37) (59.30) (454.67)
Infrastructure 3,185.65 477.85 3,663.50
Infrastructure 1,348.61 202.29 1,550.90
Infrastructure (89.60) (13.44) (103.04)
Infrastructure (333.07) (49.96) (383.03)
Infrastructure 4,149.00 622.35 4,771.36
Infrastructure 3,309.75 496.46 3,806.22
Infrastructure 19,861.89 2,979.28 22,841.18
Infrastructure 505.87 75.88 581.75
Project-Emerging Markets 804.48 120.67 925.15
SYSTEMS - TO BE ALLOCATED(B-BA500) (132.82) (19.92) (152.74)
SYSTEMS - TO BE ALLOCATED(B-BA500) (44.24) (6.64) (50.87)
SYSTEMS - TO BE ALLOCATED(B-BA500) (424.95) (63.74) (488.69)
SYSTEMS - TO BE ALLOCATED(B-BA500) (176.95) (26.54) (203.49)
SYSTEMS - TO BE ALLOCATED(B-BA500) (333.07) (49.96) (383.03)
Systems-NY (92.16) (13.82) (105.98)
Systems-NY (1,610.50) (241.57) (1,852.07)
Systems-NY (957.60) (143.64) (1,101.24)
Systems-NY (136.47) (20.47) (156.94)
Systems-NY (368.64) (55.30) (423.94)
Systems-NY (941.06) (141.16) (1,082.21)
Systems-NY (627.92) (94.19) (722.10)
Systems-NY (243.30) (36.50) (279.80)
Systems-NY (89.60) (13.44) (103.04)
Systems-NY (688.13) (103.22) (791.35)
Systems-NY 200.29 30.04 230.34
Systems-NY (8.85) (1.33) (10.17)
Tokyo-Back Office 2,317.82 347.67 2,665.50
Tokyo-Back Office 404.58 60.69 465.27
804.48 120.67 925.15
(2,576.33) (386.45) (2,962.78)
(996.48) (149.47) (1,145.95)
(89.60) (13.44) (103.04)
103 PROJECT(B-AZ600) (1,111.04) (166.66) (1,277.70)
Architecture 4,470.64 670.60 5,141.23
CDS 941.06 141.16 1,082.21
CDS 78.85 11.83 90.68
CDS 2,862.31 429.35 3,291.66
CDS 9,931.05 1,489.66 11,420.70
Central Development 34.84 5.23 40.06
Central Development 2,206.72 331.01 2,537.73
Central Development 35.83 5.37 41.21
Central Development 1,261.06 189.16 1,450.21
Central Development 1,314.30 197.15 1,511.45
Central Development 222.11 33.32 255.42
Central Development 773.63 116.04 889.68
Central Development 44,054.46 6,608.17 50,662.63
Communications-NY (387.07) (58.06) (445.13)
EM South african Gilts (2,504.94) (375.74) (2,880.68)
Emerging Markets Brady Bonds 72.81 10.92 83.73
FCM DESK 29,761.30 4,464.19 34,225.49
Fixed Income Development 1,120.77 168.12 1,288.88
Fixed Income Development 1,408.00 211.20 1,619.20
Fixed Income Development 84.48 12.67 97.15
Fixed Income Development 614.40 92.16 706.56
Fixed Income Development 1,261.06 189.16 1,450.21
Fixed Income Development 662.94 99.44 762.38
Fixed Income Development 333.07 49.96 383.03
Fixed Income Development 20.09 3.01 23.10
Futures-CME Chicago 996.48 149.47 1,145.95
Futures-CME Chicago 89.60 13.44 103.04
Futures-CME Chicago 331.78 49.77 381.54
Futures-CME Chicago 1,111.04 166.66 1,277.70
FX Options-NY 736.36 110.45 846,81
GSB - SHARED COST(B-6C000) (486.40) (72.96) (559.36)
GSB - SHARED COST(B-6C000) 1,609.73 241.46 1,851.19
GSB - SHARED COST(B-6C000) (404.58) (60.69) (465.27)
GSB Chicago 460.80 69.12 529.92
GSB Chicago (1,288.80) (193.32) (1,482.12)
GSB-CF Kross 1,287.17 193.08 1,480.24
GSB-CURVE(B-63CUR) 805.25 120.79 926.04
GSB-Intermediate 404.58 60.69 465.27
GSB-Odd Lots (331.78) (49.77) (381.54)
GSB-Proprietary Desk 1,288.40 193.26 1,481.66
GSB-Swaps (1,609.73) (241.46) (1,851.19)
GSB-Swaps (404.58) (60.69) (465.27)
Infrastructure 184.32 27.65 211.97
Infrastructure 114.28 17.14 131.42
Infrastructure 486.40 72.96 559.36
Infrastructure 956.80 143.52 1,100.32
Infrastructure 2,504.94 375.74 2,880.68
Infrastructure 1,287.63 193.14 1,480.77
Infrastructure 1,288.80 193.32 1,482.12
Infrastructure 2,424.32 363.65 2,787.97
Infrastructure 5,908.48 886.27 6,794.75
Infrastructure 1,369.60 205.44 1,575.04
Infrastructure 353.89 53.08 406.98
Infrastructure 2,222.08 333.31 2,555.39
Infrastructure 281.60 42.24 323.84
Infrastructure 279.55 41.93 321.48
Infrastructure 1,960.96 294.14 2,255.10
Infrastructure 387.07 58.06 445.13
Infrastructure 1,431.24 214.69 1,645.93
Infrastructure 941.06 141.16 1,082.21
Infrastructure 3,952.44 592.87 4,545.30
Infrastructure 774.14 116.12 890.27
Infrastructure 662.94 99.44 762.38
Infrastructure 684.80 102.72 787.52
Infrastructure 134.66 20.20 154.85
Infrastructure 253.44 38.02 291.46
Infrastructure 176.95 26.54 203.49
Infrastructure 147.46 22.12 169.57
Infrastructure 596.75 89.51 686.27
Infrastructure 1,244.16 186.62 1,430.78
Infrastructure 3,131.39 469.71 3,601.10
Infrastructure 96.77 14.52 111.28
Infrastructure 7.37 1.11 8.48
Infrastructure 505.75 75.86 581.61
Infrastructure 2,161.54 324.23 2,485.77
Infrastructure 399.72 59.96 459.68
Infrastructure 835.43 125.31 960.74
Infrastructure 3,558.20 533.73 4,091.93
IRS-CM SS/FRAS (404.58) (60.69) (465.27)
ITD Sales-LA (2,424.32) (363.65) (2,787.97)
MUNIS-BID WANTED-NY (1,608.96) (241.34) (1,850.30)
Power (483.15) (72.47) (555.62)
SYSTEMS - TO BE ALLOCATED(B-BA500) (317.44) (47.62) (365.06)
SYSTEMS - TO BE ALLOCATED(B-BA500) (19,202.56) (2,880.38) (22,082.94)
SYSTEMS - TO BE ALLOCATED(B-BA500) (353.89) (53.08) (406.98)
SYSTEMS - TO BE ALLOCATED(B-BA500) (1,118.72) (167.81) (1,286.53)
SYSTEMS - TO BE ALLOCATED(B-BA500) (50.69) (7.60) (58.29)
SYSTEMS - TO BE ALLOCATED(B-BA500) (368.64) (55.30) (423.94)
SYSTEMS - TO BE ALLOCATED(B-BA500) (973.21) (145.98) (1,119.19)
SYSTEMS - TO BE ALLOCATED(B-BA500) (147.46) (22.12) (169.57)
SYSTEMS - TO BE ALLOCATED(B-BA500) (265.42) (39.81) (305.23)
SYSTEMS - TO BE ALLOCATED(B-BA500) 25,023.95 3,753.59 28,777.54
SYSTEMS - TO BE ALLOCATED(B-BA500) 17,306.13 2,595.92 19,902.05
SYSTEMS - TO BE ALLOCATED(B-BA500) 9,276.60 1,391.49 10,668.08
SYSTEMS - TO BE ALLOCATED(B-BA500) 14,295.93 2,144.39 16,440.32
SYSTEMS - TO BE ALLOCATED(B-BA500) 18,197.70 2,729.65 20,927.35
Systems Administration 414.72 62.21 476.93
Systems Administration 1,093.12 163.97 1,257.09
Systems Administration 431.10 64.67 495.77
Systems-Mercury Teledata-NY (1,120.77) (168.12) (1,288.88)
Systems-Mercury Teledata-NY (829.44) (124.42) (953.86)
Systems-NY (208.00) (31.20) (239.20)
Systems-NY (307.20) (46.08) (353.28)
Systems-NY (184.32) (27.65) (211.97)
Systems-NY (114.28) (17.14) (131.42)
Systems-NY (804.48) (120.67) (925.15)
Systems-NY (460.80) (69.12) (529.92)
Systems-NY (34.84) (5.23) (40.06)
Systems-NY 136.47 20.47 156.94
Systems-NY (3,325.44) (498.82) (3,824.26)
Systems-NY 1,265.28 189.79 1,455.07
Systems-NY (1,408.00) (211.20) (1,619.20)
Systems-NY (366.08) (54.91) (420.99)
Systems-NY (279.55) (41.93) (321.48)
Systems-NY (35.83) (5.37) (41.21)
Systems-NY (1,960.96) (294.14) (2,255.10)
Systems-NY (387.07) (58.06) (445.13)
Systems-NY (544.67) (81.70) (626.37)
Systems-NY (1,431.24) (214.69) (1,645.93)
Systems-NY (614.40) (92.16) (706.56)
Systems-NY (941.06) (141.16) (1,082.21)
Systems-NY (941.06) (141.16) (1,082.21)
Systems-NY (387.07) (58.06) (445.13)
Systems-NY (1,261.06) (189.16) (1,450.21)
Systems-NY (939.52) (140.93) (1,080.45)
Systems-NY 973.21 145.98 1,119.19
Systems-NY (134.66) (20.20) (154.85)
Systems-NY (684.54) (102.68) (787.23)
Systems-NY 147.46 22.12 169.57
Systems-NY (110.59) (16.59) (127.18)
Systems-NY (480.52) (72.08) (552.60)
Systems-NY (596.75) (89.51) (686.27)
Systems-NY (414.72) (62.21) (476.93)
Systems-NY (3,131.39) (469.71) (3,601.10)
Systems-NY (96.77) (14.52) (111.28)
Systems-NY (20.09) (3.01) (23.10)
Systems-NY (78.85) (11.83) (90.68)
(17,837.69) (2,675.65) (20,513.34)
(2,850.89) (427.63) (3,278.53)
(299.52) (44.93) (344.45)
Architecture 1,170.84 175.63 1,346.46
CDS (44.24) (6.64) (50.87)
Central Development 56.32 8.45 64.77
Central Development 379.39 56.91 436.30
Communications-NY 1,314.30 197.15 1,511.45
EM ADR 3,219.20 482.88 3,702.08
Fixed Income Development 1,261.06 189.16 1,450.21
Futures-CME Chicago 805.25 120.79 926.04
Futures-CME Chicago 1,594.37 239.16 1,833.52
Futures-CME Chicago 179.20 26.88 206.08
FX Forward Yen (482.69) (72.40) (555.09)
FX Options-NY 1,287.94 193.19 1,481.13
GSB - SHARED COST(B-6C000) 1,287.63 193.14 1,480.77
GSB - SHARED COST(B-6C000) 2,949.58 442.44 3,392.02
GSB - SHARED COST(B-6C000) 151.04 22.66 173.70
GSB - SHARED COST(B-6C000) 404.58 60.69 465.27
GSB Chicago (597.89) (89.68) (687.57)
GSB Chicago (30.72) (4.61) (35.33)
GSB Chicago 782.33 117.35 899.68
GSB Chicago 27,971.44 4,195.72 32,167.15
GSB-Bills 482.69 72.40 555.09
GSB-CF Kross 1,287.17 193.08 1,480.24
GSB-Proprietary Desk 804.48 120.67 925.15
GSB-Proprietary Desk 1,495.68 224.35 1,720.03
GSB-Proprietary Desk 89.60 13.44 103.04
GSB-Swaps (482.69) (72.40) (555.09)
GSB-Swaps (1,594.37) (239.16) (1,833.52)
Infrastructure 292.63 43.89 336.52
Infrastructure (459.88) (68.98) (528.86)
Infrastructure (514.59) (77.19) (591.78)
Infrastructure (358.73) (53.81) (412.54)
Infrastructure (738.56) (110.78) (849.34)
Infrastructure (702.48) (105.37) (807.85)
Infrastructure (90.13) (13.52) (103.65)
Infrastructure (400.00) (60.00) (460.00)
Infrastructure (222.11) (33.32) (255.42)
Infrastructure 88.47 13.27 101.74
Infrastructure 199.84 29.98 229.82
Infrastructure (3,219.20) (482.88) (3,702.08)
Infrastructure 391.43 58.71 450.14
Infrastructure 1,221.39 183.21 1,404.60
Infrastructure 42.93 6.44 49.37
Infrastructure 1,686.95 253.04 1,939.99
Infrastructure 308.28 46.24 354.52
Infrastructure 1,334.16 200.12 1,534.28
IRS-CM SS/FRAS (89.60) (13.44) (103.04)
ITD Sanfran (2,424.32) (363.65) (2,787.97)
ITD-Chicago 2,424.32 363.65 2,787.97
LONDON OFF THE RUNS (OTR)(B-6D000) (996.48) (149.47) (1,145.95)
LONDON OFF THE RUNS (OTR)(B-6D000) (404.58) (60.69) (465.27)
MMI-NY 804.48 120.67 925.15
Project-Emerging Markets (804.48) (120.67) (925.15)
Sec Lending-NY 805.25 120.79 926.04
Sec Lending-NY 358.73 53.81 412.54
SYSTEMS - TO BE ALLOCATED(B-BA500) (292.63) (43.89) (336.52)
SYSTEMS - TO BE ALLOCATED(B-BA500) (5,573.12) (835.97) (6,409.09)
SYSTEMS - TO BE ALLOCATED(B-BA500) (16,248.32) (2,437.25) (18,685.57)
SYSTEMS - TO BE ALLOCATED(B-BA500) (312.01) (46.80) (358.81)
SYSTEMS - TO BE ALLOCATED(B-BA500) (387.07) (58.06) (445.13)
SYSTEMS - TO BE ALLOCATED(B-BA500) (7,168.00) (1,075.20) (8,243.20)
SYSTEMS - TO BE ALLOCATED(B-BA500) (44.24) (6.64) (50.87)
SYSTEMS - TO BE ALLOCATED(B-BA500) (184.32) (27.65) (211.97)
SYSTEMS - TO BE ALLOCATED(B-BA500) (391.16) (58.67) (449.84)
SYSTEMS - TO BE ALLOCATED(B-BA500) 18,913.44 2,837.02 21,750.46
Systems Data Processing-LA 13,361.74 2,004.26 15,366.00
Systems-NY (624.00) (93.60) (717.60)
Systems-NY (804.48) (120.67) (925.15)
Systems-NY (84.48) (12.67) (97.15)
Systems-NY (422.40) (63.36) (485.76)
Systems-NY (665.60) (99.84) (765.44)
Systems-NY (79.63) (11.94) (91.57)
Systems-NY (333.07) (49.96) (383.03)
Systems-NY 184.32 27.65 211.97
Tokyo-Back Office (391.16) (58.67) (449.84)
(1,503.60) (225.54) (1,729.14)
(5,544.07) (831.61) (6,375.68)
(1,604.33) (240.65) (1,844.98)
(344.45) (51.67) (396.12)
(72.19) (10.83) (83.02)
(631.70) (94.76) (726.46)
103 PROJECT(B-AZ600) (482.69) (72.40) (555.09)
103 PROJECT(B-AZ600) (398.44) (59.77) (458.20)
Accounting-NY 483.15 72.47 555.62
Accounting-NY 398.44 59.77 458.20
Agencies 289.89 43.48 333.37
CDS 110.37 16.56 126.93
CDS (199.84) (29.98) (229.82)
CDS 95.36 14.30 109.66
CDS 417.73 62.66 480.39
Central Development 590.85 88.63 679.48
Central Development 671.23 100.68 771.92
Central Development (30.41) (4.56) (34.97)
Central Development 133.26 19.99 153.25
Central Development 61.93 9.29 71.22
Central Development 80.64 12.10 92.74
Communications-NY 212.71 31.91 244.61
CONNECTICUT SALES GENERAL 482.69 72.40 555.09
Corporate Bonds-Support (597.89) (89.68) (687.57)
Corporate Bonds-Support (53.76) (8.06) (61.82)
Corporate-NY (405.32) (60.80) (466.12)
EM ADR 358.73 53.81 412.54
EM SUPPORT(B-EM350) (358.73) (53.81) (412.54)
Emerging Markets Brady Bonds 165.89 24.88 190.77
Emerging Markets Brady Bonds (483.15) (72.47) (555.62)
Emerging Markets-Mexican Desk 161.83 24.27 186.11
Fixed Income Development 738.56 110.78 849.34
Fixed Income Development 397.76 59.66 457.43
FX Options-NY 1,677.60 251.64 1,929.24
GSB - SHARED COST(B-6C000) 19.91 2.99 22.89
GSB - SHARED COST(B-6C000) 377.71 56.66 434.36
GSB - SHARED COST(B-6C000) 405.32 60.80 466.12
GSB - SHARED COST(B-6C000) 6,163.15 924.47 7,087.62
GSB - SHARED COST(B-6C000) (276.48) (41.47) (317.95)
GSB - SHARED COST(B-6C000) 2,152.40 322.86 2,475.26
GSB - SHARED COST(B-6C000) 4,915.97 737.40 5,653.36
GSB - SHARED COST(B-6C000) 2,424.32 363.65 2,787.97
GSB - SHARED COST(B-6C000) 125.95 18.89 144.84
GSB - SHARED COST(B-6C000) 150.53 22.58 173.11
GSB - SHARED COST(B-6C000) (161.83) (24.27) (186.11)
GSB - SHARED COST(B-6C000) 631.70 94.76 726.46
GSB - SHARED COST(B-6C000) 30,074.88 4,511.23 34,586.11
GSB Chicago 344.45 51.67 396.12
GSB-CF Kross 608.00 91.20 699.20
GSB-CF Kross 1,062.93 159.44 1,222.37
GSB-Proprietary Desk 1,245.60 186.84 1,432.44
GSB-Swaps (2,160.75) (324.11) (2,484.86)
Infrastructure 184.32 27.65 211.97
Infrastructure 68.57 10.29 78.85
Infrastructure (302.08) (45.31) (347.39)
Infrastructure 253.44 38.02 291.46
Infrastructure (110.37) (16.56) (126.93)
Infrastructure 762.88 114.43 877.31
Infrastructure 960.00 144.00 1,104.00
Infrastructure 193.08 28.96 222.04
Infrastructure (482.69) (72.40) (555.09)
Infrastructure 179.20 26.88 206.08
Infrastructure (2,424.32) (363.65) (2,787.97)
Infrastructure - - -
Infrastructure 167.36 25.10 192.47
Infrastructure (671.23) (100.68) (771.92)
Infrastructure (84.48) (12.67) (97.15)
Infrastructure (167.73) (25.16) (192.89)
Infrastructure 592.90 88.93 681.83
Infrastructure 162.20 24.33 186.53
Infrastructure (320.00) (48.00) (368.00)
Infrastructure 88.84 13.33 102.17
Infrastructure 1,049.60 157.44 1,207.04
Infrastructure (1,199.06) (179.86) (1,378.92)
Infrastructure 2,023.44 303.52 2,326.95
Infrastructure (146.79) (22.02) (168.81)
Infrastructure 865.32 129.80 995.12
Infrastructure 1,578.32 236.75 1,815.07
ITD Portfolio Trading-NY (482.69) (72.40) (555.09)
ITD Sales-LA (2,424.32) (363.65) (2,787.97)
ITD Sanfran 2,424.32 363.65 2,787.97
ITD-Boston (193.26) (28.99) (222.25)
ITD-Chicago (597.89) (89.68) (687.57)
ITD-Sales General 276.48 41.47 317.95
LDC Options (483.15) (72.47) (555.62)
MBSB-GNMA 2,405.99 360.90 2,766.89
MUNIS-BID WANTED-NY (579.78) (86.97) (666.75)
MUNIS-SUPPORT-NY (1,005.60) (150.84) (1,156.44)
Power 1,062.65 159.40 1,222.05
Power 1,203.00 180.45 1,383.44
SYSTEMS - TO BE ALLOCATED(B-BA500) (5,437.44) (815.62) (6,253.06)
SYSTEMS - TO BE ALLOCATED(B-BA500) (1,013.76) (152.06) (1,165.82)
SYSTEMS - TO BE ALLOCATED(B-BA500) (482.69) (72.40) (555.09)
SYSTEMS - TO BE ALLOCATED(B-BA500) (4,915.97) (737.40) (5,653.36)
SYSTEMS - TO BE ALLOCATED(B-BA500) (5,732.35) (859.85) (6,592.20)
SYSTEMS - TO BE ALLOCATED(B-BA500) (16,387.76) (2,458.16) (18,845.92)
SYSTEMS - TO BE ALLOCATED(B-BA500) (8,455.68) (1,268.35) (9,724.03)
SYSTEMS - TO BE ALLOCATED(B-BA500) (158.15) (23.72) (181.87)
SYSTEMS - TO BE ALLOCATED(B-BA500) (2,867.20) (430.08) (3,297.28)
SYSTEMS - TO BE ALLOCATED(B-BA500) (150.53) (22.58) (173.11)
SYSTEMS - TO BE ALLOCATED(B-BA500) (258.66) (38.80) (297.46)
SYSTEMS - TO BE ALLOCATED(B-BA500) (35,707.30) (5,356.10) (41,063.40)
SYSTEMS - TO BE ALLOCATED(B-BA500) 74,446.85 11,167.03 85,613.88
SYSTEMS - TO BE ALLOCATED(B-BA500) 25,023.95 3,753.59 28,777.54
SYSTEMS - TO BE ALLOCATED(B-BA500) 8,964.83 1,344.72 10,309.56
Systems-Mercury Teledata-NY (19.91) (2.99) (22.89)
Systems-NY (608.00) (91.20) (699.20)
Systems-NY (74.04) (11.11) (85.14)
Systems-NY (597.89) (89.68) (687.57)
Systems-NY (106.91) (16.04) (122.94)
Systems-NY (176.00) (26.40) (202.40)
Systems-NY (592.90) (88.93) (681.83)
Systems-NY (1,381.12) (207.17) (1,588.29)
Systems-NY (232.24) (34.84) (267.08)
Systems-NY (809.16) (121.37) (930.54)
Systems-NY (4,198.40) (629.76) (4,828.16)
Systems-NY (1,408.00) (211.20) (1,619.20)
Systems-NY (2,784.00) (417.60) (3,201.60)
Systems-NY (253.44) (38.02) (291.46)
Systems-NY (1,049.60) (157.44) (1,207.04)
Tokyo-Back Office 482.69 72.40 555.09
Tokyo-Back Office 482.69 72.40 555.09
Accounting-NY 1,097.10 73.14 1,170.24
Architecture 5,845.50 389.70 6,235.20
Architecture 12,394.66 826.31 13,220.97
Architecture 11,947.37 796.49 12,743.86
Architecture 110,869.66 7,391.31 118,260.97
Central Development 1,763.40 117.56 1,880.96
Infrastructure 6,962.97 464.20 7,427.16
Infrastructure 199,959.55 13,330.64 213,290.19
Infrastructure 1,803.23 120.22 1,923.45
Infrastructure 11,540.70 769.38 12,310.08
Infrastructure 5,407.09 360.47 5,767.56
Infrastructure 45,440.60 3,029.37 48,469.97
Infrastructure 55,533.83 3,702.26 59,236.08
Infrastructure 23,812.25 1,587.48 25,399.73
Infrastructure 623.14 41.54 664.68
Infrastructure 2,138.48 142.57 2,281.05
Infrastructure 6,501.17 433.41 6,934.58
SYSTEMS - TO BE ALLOCATED(B-BA500) 9,986.07 665.74 10,651.80
Accounting-NY 1,868.99 124.60 1,993.58
Fixed Income Development 2,178.64 145.24 2,323.88
GSB Chicago 7,315.43 487.70 7,803.13
Infrastructure 11,261.84 750.79 12,012.63
Infrastructure 33,561.27 2,237.42 35,798.69
Infrastructure 11,547.70 769.85 12,317.55
Infrastructure 7,315.43 487.70 7,803.12
Infrastructure 28,869.26 1,924.62 30,793.87
Infrastructure 28,268.08 1,884.54 30,152.62
Infrastructure 42,710.00 2,847.33 45,557.33
Infrastructure 5,845.50 389.70 6,235.20
Infrastructure 1,652.84 110.19 1,763.03
Infrastructure 2,630.46 175.36 2,805.82
Infrastructure 2,742.92 182.86 2,925.78
SYSTEMS - TO BE ALLOCATED(B-BA500) 26,247.08 1,749.81 27,996.88
SYSTEMS - TO BE ALLOCATED(B-BA500) 19,248.26 1,283.22 20,531.47
SYSTEMS - TO BE ALLOCATED(B-BA500) 28,183.05 1,878.87 30,061.92
SYSTEMS - TO BE ALLOCATED(B-BA500) 4,910.22 327.35 5,237.57
SYSTEMS - TO BE ALLOCATED(B-BA500) 8,914.39 594.29 9,508.68
------------ ----------- ------------
CFS Total 2,951,477.07 390,962.49 3,342,439.56
------------ ----------- -------------
Grand Total 3,204,885.65 430,043.61 3,634,929.26
------------ ----------- -------------
</TABLE>
<PAGE>
Fixed Asset Schedule of Cantor Fitzgerald, L.P. to be transferred to eSpeed,
Inc.
Y=SPIDER
N=TOKYO
<TABLE>
<CAPTION>
f/x rate 118.00
Balances as of 3/1999
Yen Yen Yen Yen
Cost Depr Accumulated NBV
================= ============== ================ ==============
<S> <C> <C> <C> <C> <C>
Communications Telephone Circuit Conrol SYs 1,687,863 52,344 723,810 964,053 Y
DATA COMM PCPU96041 490,222 25,789 192,644 297,578 Y
MICROPHONE & Speker JGB 812,320 42,733 319,220 493,100 Y
8ch. Mic. Sets@Merrill Lynch 2,010,000 118,705 640,247 1,369,754 Y
NTT INS Mate 992,000 60,184 297,520 694,480 Y
Wiring/ PBX Meridian 1,439,464 87,332 431,724 1,007,740 Y
BT Megalink System 3,172,332 138,134 628,259 2,544,073 Y
CISCO 2516 Ethernet serial (fm NY) 1,340,120 35,625 35,625 1,304,495 Y
----------------- -------------- ---------------- --------------
================= ============== ================ ==============
Computers IBM Modum for Fax/Data Comm 700,000 11,694 565,055 134,945 Y
Modem for Fax/Data Comm 2,300,000 38,425 1,856,613 443,387 Y
Modem for Fax/Data Comm 1,000,000 17,235 801,126 198,874 Y
Patch Panels 4,506,600 155,083 2,717,069 1,789,531 Y
SLOT Back Plane 456,630 27,704 136,953 319,677 Y
MODULES21 546,155 33,135 163,803 382,352 Y
Sun Sparc 5 workstation 580,000 35,188 173,953 406,047 Y
DELL Opliptex 64MB+7 5G (Y2K)-IT 287,200 22,804 22,904 284,296 Y
----------------- -------------- ---------------- --------------
================= ============== ================ ==============
================= ============== ================ ==============
<CAPTION>
US$ US$ US$ US$
Cost Depr Accumulated NBV
============= ============ =============== ============
<S> <C> <C> <C> <C> <C>
Communications Telephone Circuit Conrol SYs 14,304 444 6,134 8,170
DATA COMM PCPU96041 4,154 219 1,633 2,522
MICROPHONE & Speker JGB 6,884 362 2,705 4,179
8ch. Mic. Sets@Merrill Lynch 17,034 1,006 5,426 11,608
NTT INS Mate 8,407 510 2,521 5,886
Wiring/ PBX Meridian 12,199 740 3,659 8,540
BT Megalink System 26,884 1,171 5,324 21,560
CISCO 2516 Ethernet serial (fm NY) 11,357 302 302 11,055
------------- ------------ --------------- ------------
============= ============ =============== ============
Computers IBM Modum for Fax/Data Comm 5,932 99 4,789 1,144
Modem for Fax/Data Comm 19,492 326 15,734 3,758
Modem for Fax/Data Comm 8,475 146 6,789 1,685
Patch Panels 38,192 1,314 23,026 15,166
SLOT Back Plane 3,870 235 1,161 2,709
MODULES21 4,628 281 1,388 3,240
Sun Sparc 5 workstation 4,915 288 1,474 3,441
DELL Opliptex 64MB+7 5G (Y2K)-IT 2,434 194 194 2,240
------------- ------------ --------------- ------------
============= ============ =============== ============
106,903
============= ============ =============== ============
</TABLE>
<PAGE>
Fixed Asset Schedule of Cantor Fitzgerald Securities to be transferred to
eSpeed, Inc.
Y=SPIDER
N=TOKYO
<TABLE>
<CAPTION>
f/x rate 118.00
Balances as of 3/1999
Yen Yen Yen Yen
Cost Depr Accumulated NBV
================= ============== ================ ==============
<S> <C> <C> <C> <C> <C>
Communications MDF (NIT) (74%) 4,528,800 140,448 1,942,094 2,586,706 Y
Wiring/ PBX Meridian 2,878,929 174,664 863,448 2,015,481 Y
Wiring/ PBX Meridian 8,156,963 494,881 2,446,434 5,710,529 Y
Wiring/ PBX Meridian 4,798,215 291,107 1,439,080 3,359,135 Y
BT Megalink System 6,344,665 276,267 1,256,518 5,088,147 Y
BT Megalink System 17,976,548 782,757 3,560,134 14,416,414 Y
BT Megalink System 10,574,440 400,445 2,094,196 8,480,244 Y
----------------- -------------- ---------------- --------------
================= ============== ================ ==============
Computers Modem for Fax/Data Comm GSB 2,000,000 35,526 1,590,056 409,944 Y
Cisco Stratacom IGX-16 27,405,000 1,662,658 8,219,302 19,185,698 Y
Cisco Catalyst 5000 LAN switch 6,670,000 404,668 2,000,466 4,669,534 Y
Cisco 4500 Rouler 7,250,000 439,856 2,174,419 5,075,581 Y
Cisco Router 2516 725,000 43,986 217,442 507,558 Y
----------------- -------------- ---------------- --------------
================= ============== ================ ==============
================= ============== ================ ==============
<CAPTION>
118.00
US$ US$ US$ US$
Cost Depr Accumulated NBV
============ ============ =============== =============
<S> <C> <C> <C> <C> <C>
Communications MDF (NIT) (74%) 38,380 1,190 16,458 21,922
Wiring/ PBX Meridian 24,398 1,480 7,317 17,080
Wiring/ PBX Meridian 69,127 4,194 20,732 48,394
Wiring/ PBX Meridian 40,663 2,467 12,196 28,467
BT Megalink System 53,768 2,341 10,648 43,120
BT Megalink System 152,344 6,634 30,171 122,173
BT Megalink System 89,614 3,902 17,747 71,866
------------ ------------ --------------- -------------
============ ============ =============== =============
Computers Modem for Fax/Data Comm GSB 16,949 301 13,475 3,474
Cisco Stratacom IGX-16 232,246 14,090 69,655 162,591
Cisco Catalyst 5000 LAN switch 56,525 3,420 16,953 39,572
Cisco 4500 Rouler 61,441 3,728 18,427 43,013
Cisco Router 2516 6,144 373 1,843 4,301
------------ ------------ --------------- -------------
============ ============ =============== =============
605,973
============ ============ =============== =============
</TABLE>
<PAGE>
Schedule 1.01(b)
TRADEMARKS
----------
MARK SERIAL NO./ FILING DATE GOODS/SERVICES
---- ----------------------- --------------
E-SPEED 75/714,304 brokerage services for transacting financial
May 26, 1999 securities
SPEED 75/727,060 brokerage services for transacting financial
June 11, 1999 securities
INTERNET DOMAIN NAMES
---------------------
WWW.ESPEED.COM
<PAGE>
COMPUTER SOFTWARE AND FILES
TITLE FUNCTIONS
----- ---------
eSPEED System Electronic real-time network and transaction processing
software for financial markets, including without
limitation, all proprietary software, network distribution
systems, technologies and related contractual rights.
CFTS System Conducts real-time, electronic interactive trade matching
for CF's U.S. Government Securities business.
CANTOR SPEED Component of CFTS System that provides electronic execution
and market data to end users.
INTERACTIVE Component of CANTOR SPEED, an algorithm that specifies the
MATCHING manner in which buyers and sellers of fixed income financial
products should be matched together.
ZTS System Conducts real time, electronic trade matching for CF's Fixed
Income Securities brokerage business, including Emerging
Markets and U.S. Government Securities.
GTS System Enables brokers and electronic traders to enter prices and
trade a range of financial instruments.
MMTS System Conducts real time, electronic trade matching for CF's
Middle Market business.
Exchange Trade Provides interface between exchange trading system and
Processing System clearing corporation; provides ability to correct trade
earns, monitor compliance and provides MIS functions.
MOLE (Multiple An extension of the GTS System, MOLE takes arbitrage and
Order Link Engine) link orders and produces cash prices and customer prices to
produce derived prices on securities.
CREDIT AND RISK System integrates trading, middle and back office systems
MANAGEMENT to provide consolidated real time credit and risk exposure
PRODUCTS & control.
SERVICES
CANTOR Electronic futures exchange for the trading of U.S.
EXCHANGE Treasury futures.
<PAGE>
Schedule 1.02(b) - Excluded Marks
1. See Attached.
2. Any marks derived from "Cantor" and/or "Fitzgerald."
<PAGE>
CANTOR FITZGERALD MARKS
FOREIGN
MARK FILINGS
- ---- -------
ACU-VAL UK, GERMANY,
ITALY,
FRANCE,
SWITZERLAND,
S. AFRICA,
CANADA
CANTOR DIGITAL UK, GERMANY,
SPEED ITALY,
FRANCE,
SWITZERLAND,
S. AFRICA,
CANADA
CANTOR DIRECT
CANTOR
FITZGERALD EBS
CANTOR EXCHANGE
CANTOR FINANCIAL
FUTURES EXCHANGE
CANTOR
FITZGERALD
FINANCIAL FUTURES
EXCHANGE
CANTOR
FITZGERALD
MORNING NEWS
CANTOR
FITZGERALD THE
MORNING NEWS
CANTOR
MUNITRADE
CANTOR ONLINE
CANTOR SPEED
<PAGE>
FOREIGN
MARK FILINGS
- ---- -------
CDS UK, GERMANY,
ITALY,
FRANCE,
SWITZERLAND,
S. AFRICA,
CANADA
CFFE UK, GERMANY,
ITALY,
FRANCE,
SWITZERLAND,
S. AFRICA,
CANADA
CX UK, GERMANY,
ITALY,
FRANCE,
SWITZERLAND,
S. AFRICA,
CANADA
EURONYBOR
GO BACKED
GOB'S
INTERACTIVE UK, GERMANY,
MARKETPLACE- ITALY,
WHERE FUTURES FRANCE,
MEETS CASH SWITZERLAND,
S. AFRICA,
CANADA
INTERACTIVE
MATCHING
MISCELLANEOUS
DESIGN
MMTS MIDDLE
MARKET TRADING
SYSTEM
MUNITRADE
<PAGE>
FOREIGN
MARK FILINGS
- ---- -------
NIBOR
NYIBOR
SAFETYCASH
SERIAL
INFRASTRUCTURE BONDS
SERIAL
INFRASTRUCTURE
NOTES
SERIAL POWER
BONDS
SERIAL POWER
NOTES
SERIAL POWER
SECURITIES
SIB'S
SIN'S
SPB'S
SPEED UK, GERMANY,
ITALY,
FRANCE,
SWITZERLAND,
S. AFRICA,
CANADA
SPN'S
SPS'S
THE ENGINE OF THE UK, GERMANY,
NEW MARKET ITALY,
FRANCE,
SWITZERLAND,
S. AFRICA,
CANADA
<PAGE>
FOREIGN
MARK FILINGS
- ---- -------
1 X 3
2 X 3
2 X 4
2 X 5
3 X 5
<PAGE>
Schedule 1.02(f) - Agreements Among Cantor Fitzgerald, L.P.,
Market Data Corporation and Reuters Limited
1. Agreement between Reuters America, Inc. and Market Data Corporation.
2. Amendment to Reuters Services Contract, dated January 22, 1993, between
Market Data Corporation and Reuters America Inc.
3. Letter, dated April 14, 1994, to Cantor Fitzgerald L.P. and Market Data
Corporation, from Reuters Limited.
4. Letter Agreement, dated August 25, 1994, among Reuters Limited, Cantor
Fitzgerald, L.P. and Market Data Corporation.
5. Data Purchase, Data Product Agency and Electronic Trading System Agreement,
dated January 22, 1993, among Reuters Limited, Cantor Fitzgerald, L.P. and
Market Data Corporation.
6. License Agreement, dated January 22, 1993, between Cantor Fitzgerald, L.P.
and Market Data Corporation.
7. Electronic Trading of Municipal Fixed Income Securities/ "Bid Wanted"
Letter Agreement, dated January 22, 1993, between Cantor Fitzgerald, L.P.
and Reuters Limited.
8. Proposed Agency Agreement Letter, dated January 22, 1993, between Market
Data Corporation and Reuters Limited.
9. Canadian Data Letter Agreement, dated September 15, 1993, among Cantor
Fitzgerald, L.P., Market Data Corporation and Reuters Limited.
10. ETS-I Intellectual Property Agreement, dated September 21, 1993, among
Cantor Fitzgerald, L.P., Market Data Corporation and Reuters Limited.
11. Letter Agreement, dated November 24, 1993, among Cantor Fitzgerald, L.P.,
Market Data Corporation and Reuters Limited.
12. All agreements relating to "Information" as that term is defined in the
Joint Services Agreement and not listed in Schedule 1.02(f).
<PAGE>
Schedule 1.02(g) - Agreements
Among Telerate, Cantor Fitzgerald Securities
and Market Data Corporation
1. Letter Agreement, dated December 15, 1989, between Telerate Systems
Incorporated and Market Data Corporation.
2. Letter Agreement, dated February 23, 1990, between Telerate Systems
Incorporated and Market Data Corporation.
3. Letter of Intention from Telerate, Inc., dated February 23, 1990, and
Agreed to and Acknowledged by Cantor Fitzgerald Securities Corp. and Market
Data Corporation.
4. Letter Agreement, dated February 23, 1990, among Cantor Fitzgerald
Corporate Brokers, Inc., Cantor Fitzgerald Incorporated, Cantor Fitzgerald
(UK) Limited, Cantor Fitzgerald Securities Corp., Cantor Fitzgerald
Municipal Brokers, Inc. and Agreed to and Acknowledged by Market Data
Corporation.
5. Letter Agreement, dated February 23, 1990, between Cantor Fitzgerald
Securities Corp. and Market Data Corporation.
6. Agreement, dated February 23, 1990, between Telerate, Inc. and Cantor
Fitzgerald Securities Corp.
7. Master Optional Service Agreement, dated February 23, 1990, between
Telerate, Inc. and Market Data Corporation.
8. Letter Agreement, dated May 16, 1991, among Telerate Inc., Cantor
Fitzgerald Securities Corp. and Market Data Corporation modifying the
Agreement, dated February 23, 1990, between Telerate, Inc. and Cantor
Fitzgerald Securities Corp. and the Master Optional Service Agreement,
dated February 23, 1990, between Telerate, Inc. and Market Data
Corporation.
9. Letter Agreement, dated July 8, 1991, between Cantor Fitzgerald Securities
Corp. and Telerate, Inc. modifying the Agreement, dated February 23, 1990,
between Telerate, Inc. and Cantor Fitzgerald Securities Corp.
10. Letter Agreement, dated December 22, 1994, between J.J. Kenny Co., Inc. and
Dow Jones Telerate.
11. Letter Agreement, dated February 6, 1995, between Market Data Corporation
and Dow Jones Telerate Holdings, Inc.
<PAGE>
12. Letter Agreement, dated February 27, 1995, between Dow Jones & Company,
Inc., Cantor Fitzgerald Securities and Market Data Corporation.
13. 1995 Amendment of the Agreement, dated February 23, 1990, between Telerate,
Inc. and Cantor Fitzgerald Securities Corp., as previously amended.
14. 1995 Amendment of the Master Optional Services Agreement, dated February
23, 1990, between Telerate, Inc. and Market Data Corporation, as previously
amended.
15. Settlement Agreement, dated February 27, 1995, among Dow Jones Telerate
Holdings, Inc., Dow Jones Telerate, Inc., Cantor Fitzgerald Securities and
Market Data Corporation.
16. All agreements relating to "Information" as that term is defined in the
Joint Services Agreement and not listed in Schedule 1.02(g).
<PAGE>
Schedule 1.03 - Assumed Liabilities
1. See Attached.
2. All litigation costs and liabilities with respect to the Fraser Patent No.
5,905,974.
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Accrued Compensation
CFS US Systems $ 916,740
==========
Accounts Payable and Accrued Expenses
CFS Accrued systems maintenance and consultants $ 330,000
Accrued Audit 41,739
Accrued Rent 106,096
Accrued Holiday Party 13,639
Accrued Search firm costs 121,500
Accrued FICA on Bonus 76,078
Accrued Medical 193,849
Accrued Insurance 30,224
Accrued Building Maintenance 5,339
Accrued Food Service 15,754
----------
$ 934,218
==========
Payable to affiliates $5,097,480*
===========
</TABLE>
- ----------------
* $5,097,480 is as of September 24, 1999 and does not include amounts payable
to affiliates resulting from transactions prior to the Closing Date, but
subsequent to September 24, 1999, which are also being assumed.
<PAGE>
Schedule 1.04 - Allocation of Consideration
Person Number of Shares of
Class B Common Stock*
1. Cantor Fitzgerald, L.P. 8,799,459
2. Cantor Fitzgerald Securities** 35,166,956
3. Cantor Fitzgerald & Co. 16,249
4. CFFE, LLC 100
5. Cantor Fitzgerald L.L.C. 17,036
6. CFPH, LLC 100
-----------
Total 43,999,900
===========
- -------------
* Assumes offering price to the public of $18.00 per share of Class A Common
Stock.
** Does not include 100 shares of Class B Common Stock, par value $.01 per
share, issued previously.
<PAGE>
Schedule 2.01- Organization and Good Standing
None
<PAGE>
Schedule 2.02 - Authority
None
<PAGE>
Schedule 2.03(a) - No Conflict
1. Lease Agreement, dated November 27, 1996, between the CIT Group/Equipment
Financing, Inc. and Cantor Fitzgerald Securities.
2. Lease Agreement, dated August 1, 1997, between the CIT Group/Equipment
Financing, Inc. and Cantor Fitzgerald Securities.
3. Purchase Agreement, dated October 31, 1996, among Cantor Fitzgerald, L.P.,
The Chase Manhattan Bank and Partnership Funding L.L.C.
4. Lease Agreement, dated December 1, 1997, among New York City Industrial
Development Agency, Cantor Fitzgerald, L.P. and Cantor Fitzgerald
Securities.
5. Indenture of Trust, dated December 1, 1997, from New York City Industrial
Development Agency to United States Trust Company of New York.
6. Project Agreement, dated December 1, 1997, among New York City Industrial
Development Agency, Cantor Fitzgerald, L.P. and Cantor Fitzgerald
Securities.
<PAGE>
Schedule 2.03(b) - Required Filings and Consents
1. See Schedule 4.01.
<PAGE>
Schedule 2.04 - Permits; Compliance with Law
None
<PAGE>
Schedule 2.05 - Title to Assets
1. Lease Agreement, dated November 27, 1996, between the CIT Group/Equipment
Financing, Inc. and Cantor Fitzgerald Securities.
2. Lease Agreement, dated August 1, 1997, between the CIT Group/Equipment
Financing, Inc. and Cantor Fitzgerald Securities.
3. Lease Agreement, dated December 1, 1997, among New York City Industrial
Development Agency, Cantor Fitzgerald, L.P. and Cantor Fitzgerald
Securities.
4. Indenture of Trust, dated December 1, 1997, from New York City Industrial
Development Agency to United States Trust Company of New York.
5. Project Agreement, dated December 1, 1997, among New York City Industrial
Development Agency, Cantor Fitzgerald, L.P. and Cantor Fitzgerald
Securities.
<PAGE>
Schedule 2.06
None
<PAGE>
Schedule 2.07 - Assigned Contracts
1. Cantor Fitzgerald Futures Exchange Agreement, dated as of September 8,
1997, between the New York Cotton Exchange and CFFE, LLC;
2. Bell Technology Group Internet Service Agreement, dated April 20, 1998,
between Bell Technology Group Ltd. and Cantor Fitzgerald;
3. GMI Software, Inc. Software License Agreement, dated October 19, 1995,
between GMI Software, Inc. (n/k/a SunGard Systems International Inc. and
Cantor Fitzgerald & Co.);
4. Software License Agreement, dated March 27, 1991, between Cantor Fitzgerald
& Co. (Los Angeles) and Sybase, Inc.;
o First Addendum to Sybase Software License Agreement, dated May 21,
1998, between Cantor Fitzgerald & Co. and Sybase, Inc.;
5. Business Continuity Services Master Agreement, dated December 23, 1997,
between Comdisco, Inc. and Cantor Fitzgerald Securities;
6. Master Product License Agreement, dated March 3, 1996, between Platinum
Technology, Inc. and Cantor Fitzgerald, L.P.;
7. TCG Cerfnet Service Agreement, May 29, 1998, between TCG Cerfnet, Inc. and
Cantor Fitzgerald Securities;
8. Thomson Traderoute Broker Agreement, November 16, 1994, between Cantor
Fitzgerald and Thomson Trading Services Incorporated;
9. End User Binary Code License between Sun Microsystems Computer Company and
Cantor contracting party;
10. Support Agreement, dated December 18, 1997, between SunService Division of
Sun Microsystems, Inc. and Fitzgerald Cantor & Co. Inc.;
11. Support Agreement, dated December 18, 1997, between SunService Division of
Sun Microsystems, Inc. and Fitzgerald Cantor & Co. Inc.;
12. Customer Support Program Agreement between Sun Microsystems, Inc. and
Cantor Fitzgerald Securities;
<PAGE>
13. Service Agreement, dated October 21, 1998, between Digital Equipment Corp.
and Cantor Fitzgerald Securities;
14. Alert Broker Agreement, dated August 19, 1993, between Cantor Fitzgerald &
Co. and Thomson Financial Services Ltd.;
15. U.S. Multivendor Customer Services Master Agreement, dated November 1,
1998, between Cantor Fitzgerald Securities and Digital Equipment
Corporation;
16. Software End User License Agreement, dated February 27, 1989, between
Relational Technology Inc. (Ingres) and Cantor, Fitzgerald Securities
Corp.;
17. Order Form and Addendum To Order Form, dated July 19, 1995, between
Computer Associates International, Inc. and Cantor Fitzgerald Securities;
18. Master Source Code Escrow Agreement, dated March 1, 1996, between Imaging &
Laser Technologies, Inc. and Cantor Fitzgerald Securities;
19. Software Maintenance Agreement, dated March 1, 1996, between Imaging &
Laser Technologies, Inc. and Cantor Fitzgerald Securities;
20. Software License Agreement, dated March 1, 1996, between Imaging & Laser
Technologies, Inc. and Cantor Fitzgerald Securities;
21. Teknekron Software Systems Inc. Work Order No. 1, dated December 1, 1995,
between Teknekron Software Systems, Inc. and Cantor Fitzgerald Securities;
22. One Source Subscription Agreement, dated April 23, 1991, between Lotus
Development Corporation and Cantor Fitzgerald Securities;
23. Software License Agreement, dated February 4, 1993, between TGV
Incorporated and Cantor Fitzgerald Securities;
24. Software Product License Agreement, dated August 11, 1992, between Advanced
Systems Concepts, Inc. and Cantor Fitzgerald;
25. Software Product Maintenance Agreement between Advanced Systems Concepts,
Inc. and Cantor Fitzgerald;
26. Intersolv University SupportNet Renewal Statement For SupportNet Plan,
dated August 29, 1998, between Intersolv University and Cantor contracting
party;
<PAGE>
27. MTI Corporation Maintenance Contract, dated August 27, 1997, as amended,
between MTI Technology Inc. and Cantor Fitzgerald;
28. Agreement, dated July 22, 1994, between Cisco Systems, Inc. and Cantor
Fitzgerald Securities;
29. CROSS Product Line Non-Disclosure Agreement, dated May 4, 1998, between
Cisco Systems, Inc. and Cantor Fitzgerald Securities;
30. Software License Certificate, dated October 29, 1998, issued to Cantor
Fitzgerald;
31. Software License Certificate, dated October 29, 1998, issued to Cantor
Fitzgerald;
32. Statement of Work, dated December 31, 1998, between Cantor Fitzgerald
Securities and Wang Laboratories, Inc.;
33. Process Software Corporation Maintenance Service Acknowledgment, dated June
8, 1998, by Process Software Corporation to Cantor Fitzgerald;
34. Master Escrow Agreement between Cantor Fitzgerald Securities and VIE
Systems, Inc.;
35. Embarcadero License Agreement between Embarcadero Technologies, Inc. and
Cantor contracting party;
36. Network Associates Software License, dated October 20, 1998, between
Network Associates and Cantor Fitzgerald;
37. Network Associates License Authorization Grant, dated July 7, 1998, to
Cantor Fitzgerald from Network Associates;
38. Aegis Services Agreement, dated as of June 22, 1995, between Aegis Software
Inc. and Canter Fitzgerald Securities;
39. Confidentiality Agreement, dated July 7, 1995, between Cantor Fitzgerald
Securities and Aegis Software Inc.;
40. Agreement, dated as of August 6, 1998, between Cantor Fitzgerald Securities
and Kadi, Ceylon;
41. Agreement, dated as of November 17, 1998, between Cantor Fitzgerald
Securities and Oasis.
<PAGE>
42. Letter of Purchase, dated August 31, 1995, between TGV, The TCP/IP
Connectivity Company and Cantor Fitzgerald Securities;
43. Development Agreement, dated November 1, 1999, between Cantor Fitzgerald
Securities and Tradescape.com, Inc.;
44. Sun Options Agreement, dated March 31, 1998, between Cantor Fitzgerald
International and Sun Options;
45. Statement of Work for Network Assessment, dated January 8, 1999, between
Cisco Systems, Inc. and Cantor Fitzgerald Securities;
46. NSA Addendum to SMARTnet Agreement, dated July 21, 1999, between Cisco
Systems, Inc. and Cantor Fitzgerald Securities;
47. Professional Services Agreement, dated January 8, 1999, between Cisco
Systems, Inc. and Cantor Fitzgerald Securities;
48. Agreement, dated October 23, 1998, between Automated Securities Clearance,
Ltd. and Cantor Fitzgerald, L.P.;
49. Agreement, dated February 16, 1999, between Cantor Fitzgerald, L.P. and QV
Trading Systems, Inc.;
50. All appropriate development agreements, including, but not limited to,
the following:
(1) Development Agreement, dated April 21, 1999, between ABN Amro
Incorporated and Cantor Fitzgerald Securities;
(2) Development Agreement, dated March 9, 1999, between Barclays
Capital, Inc. and Cantor Fitzgerald Securities;
(3) Development Agreement, dated June 29, 1999, between Deutsche Bank
Securities Inc. and Cantor Fitzgerald Securities;
<PAGE>
(4) Development Agreement, dated April 23, 1999, between DH Financial
LLC and Cantor Fitzgerald Securities;
(5) Development Agreement, dated September 9, 1999, between Donaldson,
Lufkin & Jenrette Securities Corporation and Cantor Fitzgerald
Securities;
(6) Development Agreement, dated December 29, 1998, between DRW
Investments LLC and Cantor Fitzgerald Securities;
(7) Development Agreement, dated July 30, 1999, between Fuji
Securities Inc. and Cantor Fitzgerald Securities;
(8) Development Agreement, dated January 8, 1999, between J.P. Morgan
Securities, Inc. and Cantor Fitzgerald Securities;
(9) Development Agreement, dated January 22, 1999, between Peter's
Securities & Co. and Cantor Fitzgerald Securities;
(10) Development Agreement, dated April 1, 1999, between Professional
Market Brokerage and Cantor Fitzgerald Securities;
(11) Development Agreement, dated June 15, 1999, between Renaissance
Technologies Corp. and Cantor Fitzgerald Securities;
(12) Development Agreement, dated March 16, 1999, between Timber Hill
L.L.C. and Cantor Fitzgerald Securities;
(13) Development Agreement, dated September 29, 1999, between Deephaven
Capital Management LLC and Cantor Fitzgerald Securities;
(14) Development Agreement, dated May 21, 1999, between Langdon P. Cook
Government Securities Inc. and Cantor Fitzgerald Securities;
(15) Development Agreement, dated October 12, 1999, between Merrill
Lynch International and Cantor Fitzgerald Securities;
(16) Development Agreement, dated September 14, 1999, between Paribas
Corporation and Cantor Fitzgerald Securities;
(17) Development Agreement, dated October 19, 1999, between Scottsdale
Securities, Inc. and Cantor Fitzgerald Securities;
<PAGE>
(18) Development Agreement, dated September 10, 1999, between Goldman,
Sachs & Co. and Cantor Fitzgerald Securities;
(19) Development Agreement, dated November 10, 1999, between Gelber
Securities, Inc. and Cantor Fitzgerald Securities;
(20) Development Agreement, dated October 26, 1999, between SAA
Ventures, LP and Cantor Fitzgerald Securities;
(21) Development Agreement, dated September 21, 1999, between Bluestone
Capital Partners, L.P. and Cantor Fitzgerald Securities;
(22) Development Agreement, dated October 5, 1999, between Credit
Suisse First Boston Corporation and Cantor Fitzgerald Securities;
(23) Development Agreement, dated June 27, 1996, between Tradetech
Systems, Inc. and Cantor Fitzgerald Securities;
(24) Development Agreement, dated July 3, 1996, between Bankers Trust
Company and Cantor Fitzgerald Securities;
(25) Development Agreement, dated August 27, 1996, between Lehman
Brothers Inc. and Cantor Fitzgerald Securities;
(26) Development Agreement, dated April 15, 1999, between Salomon Smith
Barney Inc. and Cantor Fitzgerald Securities;
(27) Development Agreement, dated March 24, 1999, between Transmarket
Group L.L.C. and Cantor Fitzgerald Securities;
(28) Development Agreement, dated January 14, 1999, between Warburg
Dillon Read and Cantor Fitzgerald Securities;
(29) Development Agreement, dated December 3, 1999, between Morgan
Stanley & Co. and Cantor Fitzgerald Securities;
<PAGE>
51. Consulting Agreements, Independent Contractor Agreements and Employment
Agreements for the following individuals or companies:
(1) K. Maddison
(2) Ed Hickes
(3) Moshin Jaffar
<PAGE>
Schedule 2.08(b) - Intellectual Property and Computer Assets
TRADEMARKS
----------
MARK SERIAL NO./ FILING DATE GOODS/SERVICES
---- ----------------------- --------------
E-SPEED 75/714,304 brokerage services for transacting
May 26, 1999 financial securities
SPEED 75/727,060 brokerage services for transacting
June 11, 1999 financial securities
INTERNET DOMAIN NAMES
---------------------
WWW.ESPEED.COM
<PAGE>
Schedule 2.08(c) - Intellectual Property and Computer Assets
None
<PAGE>
Schedule 2.09 - Taxes
None
<PAGE>
Schedule 2.10 - Undisclosed Liabilities
None
<PAGE>
Schedule 2.11 - Investment Representation
None
<PAGE>
Schedule 2.12 - Entire Business
None
<PAGE>
Schedule 4.01 - Consents to Assignment
1. Software License Agreement, dated March 27, 1991, between Cantor
Fitzgerald & Co. (Los Angeles) and Sybase, Inc.;
2. Business Continuity Services Master Agreement, dated December 23, 1997,
between Comdisco, Inc. and Cantor Fitzgerald Securities;
3. Master Product License Agreement, dated March 3, 1996, between Platinum
Technology, Inc. and Cantor Fitzgerald, L.P.;
4. TCG Cerfnet Service Agreement, May 29, 1998, between TCG Cerfnet, Inc.
and Cantor Fitzgerald Securities;
5. Software License Agreement, dated February 4, 1993, between TGV
Incorporated and Cantor Fitzgerald Securities;
6. Agreement, dated July 22, 1994, between Cisco Systems, Inc. and Cantor
Fitzgerald Securities;
7. Embarcadero License Agreement between Embarcadero Technologies, Inc. and
Cantor;
8. Customer Support Program Agreement between Sun Microsystems, Inc. and
Cantor Fitzgerald Securities;
9. Software End User License Agreement, dated February 27, 1989, between
Relational Technology Inc. (Ingres) and Cantor, Fitzgerald Securities
Corp.;
10. Alert Broker Agreement, dated August 19, 1993, between Cantor Fitzgerald
& Co. and Thomson Financial Services Ltd.;
11. U.S. Multivendor Customer Services Master Agreement, dated November 1,
1998, between Cantor Fitzgerald Securities and Compaq/Digital Equipment
Corporation;
12. Professional Services Agreement, dated January 8, 1999, between Cisco
Systems, Inc. and Cantor Fitzgerald Securities;
<PAGE>
13. Development Agreement, dated January 8, 1999, between J.P. Morgan
Securities, Inc. and Cantor Fitzgerald Securities;
14. Lease Agreement, dated November 27, 1996, between the CIT Group/Equipment
Financing, Inc. and Cantor Fitzgerald Securities;
15. Lease Agreement, dated August 1, 1997, between the CIT Group/Equipment
Financing, Inc. and Cantor Fitzgerald Securities; and
16. Purchase Agreement, dated October 31, 1996, among Cantor Fitzgerald,
L.P., The Chase Manhattan Bank, and Partnership Funding L.L.C.
<PAGE>
Schedule 4.05 - Stock Issuance
Number of Shares of
Entity Class B Common Stock
- ------ ---------------------
1. Cantor Fitzgerald, L.P. 8,800,000
2. Cantor Fitzgerald Securities* 35,199,900
--------------
Total: 43,999,900*
--------------
--------------
- -------------
* Does not include 100 shares of Class B Common Stock issued previously.
<PAGE>
Schedule 6.02 - Consents
1. Lease Agreement, dated November 27, 1996, between the CIT Group/Equipment
Financing, Inc. and Cantor Fitzgerald Securities.
2. Lease Agreement, dated August 1, 1997, between the CIT Group/Equipment
Financing, Inc. and Cantor Fitzgerald Securities.
3. Purchase Agreement, dated October 31, 1996, between Cantor Fitzgerald,
L.P., The Chase Manhattan Bank, and Partnership Funding L.L.C.
<PAGE>
ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS AGREEMENT is made and entered into as of this ---- day of
December, 1999 between Cantor Fitzgerald International an unlimited company
registered in England under number 1976691 (the "Assignor"), eSpeed Securities
International Limited a limited company registered in England under number
3809189 (the "Assignee") and Cantor Fitzgerald International Holdings L.P. a
Delaware limited partnership ("CFIHLP").
W I T N E S S E T H:
WHEREAS, the Assignor is, among other things, engaged in the business
of operating interactive electronic marketplaces, used principally by financial
and wholesale market participants to trade in fixed income securities, futures,
options and other financial instruments (the "Business").
WHEREAS, the Assignee is a recently formed company that has been set up
to acquire, and subsequently to operate, the Business in accordance with (i) the
Joint Service Agreement (as hereinafter defined) and (ii) the Administrative
Services Agreement (as hereinafter defined) as a separate legal entity.
WHEREAS, the Assignor, among other things, owns, or has the right to
use, certain hardware, software, technologies, systems and other intellectual
property and agreements that are used in the Business.
WHEREAS, the Assignor and the Assignee have agreed, by reference to a
valuation prepared by Ernst & Young, that the value at the date hereof of the
Business to be transferred by the Assignor to the Assignee (net of the Assumed
Liabilities set out in Schedule 1.3) is $4,625,619 (the "Business Value").
WHEREAS, the Assignor proposes to reduce its authorised share capital
from (pound)275,000,000 divided into 75,000,000 Ordinary Shares of (pound)1 each
("Ordinary Shares") and 20,000,000 Preference Shares of (pound)10 each by such
an amount (the "Reduction Amount") as is equal to the product of multiplying the
Business Value, translated to pounds sterling at the closing mid-point spot
exchange rate on the day immediately preceding that on which the reduction takes
effect, as shown in the Financial Times published on the day on which the
reduction takes effect, by a fraction of which the numerator is 74,225,453 and
the denominator is 73,729,994, the reduced amount of authorised share capital
being divided into such number of Ordinary Shares as is equal to 75,000,000 less
the number (the "Reduction Number") of pounds
1
<PAGE>
comprised in the Reduction Amount and 20,000,000 Preference Shares of (pound)10
each, and such reduction be given effect by:
(a) cancelling and extinguishing such number of Ordinary Shares
registered in the name of CFIHLP, LLC (a Delaware limited
liability company) as is equal to the Reduction Number
multiplied by a fraction of which the numerator is 495,459 and
the denominator is 74,225,453 on terms that the Assignor shall
repay in cash to CFIHLP, LLC the amount paid up or credited as
paid up thereon; and
(b) cancelling and extinguishing such number of Ordinary Shares
registered in the name of Cantor Fitzgerald International
Holdings L.P. ("CFIHLP") as is equal to the Reduction Number
multiplied by a fraction of which the numerator is 73,729,994
and the denominator is 74,225,453 on terms that such capital
shall not be repaid in cash but shall be given effect by the
transfer by the Assignor to the Assignee of the Business and
by the issue by the Assignee of o shares of $1 each (the
"Shares"), credited as fully paid, to CFIHLP with the consent
of CFIHLP (as its execution of this Agreement hereby
acknowledges).
NOW THEREFORE, in consideration of the mutual representations,
warranties, covenants and agreements contained herein, and upon the terms and
conditions hereinafter set forth, the parties hereby agree as follows:
ARTICLE 1
TERMS OF ASSIGNMENT
1.1. Assignment. On the terms and subject to the conditions in this
Agreement and for the consideration specified herein, at the Closing (as defined
in Section 1.5 below), the Assignor shall transfer, convey, assign and deliver
to the Assignee, and the Assignee shall acquire and accept from the Assignor
free and clear of all mortgages, pledges, assessments, security interests,
conditional sale or title retention contracts, leases, liens, adverse claims,
Taxes (as hereinafter defined), levies, charges, options, rights of first
refusal, transfer restrictions or other encumbrances of any nature, or any
contracts, agreements or understandings to grant any of the foregoing
(collectively, "Liens"), all of the Assignor's right, title and interest in, to
and under the Business, and to each of the following assets and rights,
including, but not limited to, the assets and rights identified in Schedule 1.1,
in each case to the extent used or held for use principally in the Business, but
excluding the Excluded Assets (as hereinafter defined) (the "Assignment"):
(a) all machinery, equipment, computers, network servers, monitors,
servers and other related items of tangible personal property of the
Assignor, principally used in the Business (the "Equipment");
(b) all fictional business names, trade names, d/b/a names, logos,
Internet domain names (including, without limitation,
www.eSpeed.co.uk), trademarks, service marks
2
<PAGE>
(including, without limitation, eSpeed), trade dress and any and all
UK and foreign applications, registrations and renewals therefor, and
all the goodwill associated therewith principally used in the Business
(if any) (collectively, "Marks"); all copyrights in both published
works and unpublished works, and in online works such as Internet web
sites, and any UK or foreign applications, registrations and renewals
therefor principally used in the Business (if any) (collectively,
"Copyrights"); all rights in any and all licensed or proprietary
computer software, firmware, middleware, programmes, systems
applications, databases and files (in whatever form or medium),
including all material documentation, relating thereto, and all source
and object codes relating thereto principally used in the Business (if
any) (collectively, "Computer Software and Files"); all know-how,
trade secrets, confidential information, competitively sensitive and
proprietary information (including but not limited to internal pricing
information, supplier information, telephone and telefax numbers, and
e-mail addresses), technical information, data, process technology,
drawings and blue prints principally used in the Business, other than
the Information (as hereinafter defined) (collectively, "Trade
Secrets"); and the right to sue for past infringement, if any, in
connection with any of the foregoing, including, but not limited to,
the intellectual property disclosed in Schedule 1.1 part B hereto
(collectively, the "Intellectual Property");
(c) to the extent allowed, all agreements and arrangements permitting
the Assignor to use the intellectual property, equipment and computer
equipment (as hereinafter defined) owned by third parties, or
permitting third party use of intellectual property, equipment or
computer equipment owned by the Assignor, or for the processing, use,
licensing, leasing, storage, or retrieval of software, data and
information principally used by, and related to, the Business
(collectively, "Intellectual Property, Equipment and Computer
Agreements");
(d) any and all accounting business information, management
information and internal reporting data and related books and records
(in whatever form or medium maintained), including but not limited to
advertising, marketing and sales programs, business, marketing and
strategic plans, research and development reports and records, and
advertising copy (including radio and television scripts), creative
materials, production agreements, and all other promotional brochures,
flyers, inserts and other materials used principally in connection
with the Business (collectively, the "Marketing Materials");
(e) all computer tapes, discs and other media which are used to store
Intellectual Property (if any) (the "Computer Equipment");
(f) subject to the provisions of Article 5, all agreements, contracts,
instruments and other documents to which the Assignor is a party that
are listed in Schedule 1.1 part C (the "Assigned Contracts");
3
<PAGE>
(g) all claims of the Assignor against third parties relating to the
Transferred Assets (as hereinafter defined), whether choate or
inchoate, known or unknown or contingent or non-contingent; and
(h) to the extent transferable, any and all Permits (as hereinafter
defined) used exclusively in connection with the Business,
all as the same shall exist on the Closing Date (items (a) through (h)
being, collectively, the "Transferred Assets").
1.2. Excluded Assets. Notwithstanding anything in this Agreement to
the contrary, all assets, properties and rights of the Assignor other than
those set forth in Section 1.1, (including Schedule 1.1) including without
limitation, the following assets, properties and rights of the Assignor (the
"Excluded Assets"), shall be excluded from and shall not constitute part of the
Transferred Assets, and the Assignee shall have no rights, title or interest in
or duties or obligations of any nature whatsoever with respect thereto by
virtue of the consummation of the transactions contemplated by this Agreement:
(a) all contracts and other agreements to which the Assignor is a
party, other than those described in Section 1.1 above (the "Excluded
Contracts");
(b) all rights of the Assignor in and to the trademarks, service
marks, and any applications, registrations and renewals therefor, and
all the goodwill associated therewith, licensed by the Assignor other
than those described in Section 1.1(b) (the "Excluded Marks");
(c) all rights of the Assignor in and to software other than those
described in Section 1.1(b) (the "Excluded Software");
(d) any and all confidential information other than is comprised in
the Trade Secrets;
(e) all rights of the Assignor in the Internet domain names
"cantor.co.uk" "cantorindex.co.uk", cantor-index.co.uk",
"cantor-e-speed.co.uk", "cantorespeed.co.uk", "cantor-espeed.co.uk",
"cantore-speed.co.uk", "cindex.co.uk", "c-index.co.uk",
"c/index.co.uk" and "e-index.co.uk" and in and to the Internet web
site accessed via such domain name, including, but not limited to, all
copyrights in all materials on such sites and the software underlying
such site, all trademarks, service marks, trade names and goodwill
associated therewith, all proprietary computer software, programmes,
applications, databases, files (in whatever form or medium) and all
proprietary information related thereto, in each case only to the
extent that the foregoing is not otherwise required to be listed in
Schedule 3.8(b) hereto;
(f) all rights of the Assignor in, to and under the Data Purchase
Agreement, Data Product Agency and Electronic Trading System
Agreement, dated January 22, 1993,
4
<PAGE>
among Cantor Fitzgerald, LP, Reuters Limited ("Reuters") and Market
Data Corporation ("MDC"), as amended, and all other agreements between
Cantor Fitzgerald LP, Reuters and/or MDC or related thereto, as set
forth in Schedule 1.2(f) hereto (the "Reuters Agreement");
(g) all rights of the Assignor with respect to the (i) Agreement,
dated February 23, 1990, between Telerate, Inc. ("Telerate") and CFS,
as amended, and (ii) Master Optional Services Agreement, dated
February 23, 1990, between Telerate and MDC, as amended, and all other
agreements between the Assignor, Telerate and/or MDC or related
thereto, as set forth in Schedule 1.2(g) hereto (the "Telerate
Agreement");
(h) all right, title and interest with respect to information relating
to bids, offers or trades or any other information on Financial
Products (as defined in the Joint Services Agreement (as hereinafter
defined)) created or received by the Assignor or any of its affiliates
(other than the Assignee) in a brokerage capacity, including, but not
limited to, information licensed, sold, transferred or permitted to be
published or displayed by the Assignor pursuant to the Reuters
Agreement and the Telerate Agreement (the "Information");
(i) all advertising, marketing and sales programs, advertising copy
(including radio and television scripts), creative materials,
production agreements, broadcasting rights, broadcasting and
advertising time, space, allowances and credits and other promotional
brochures, flyers, inserts and other materials used solely in
connection with an Excluded Contract (if any);
(j) any assets, properties, rights and interests relating to the
Excluded Liabilities (as hereinafter defined); and
(k) all rights of the Assignor under this Agreement and the documents
and instruments delivered to the Assignor pursuant to this Agreement.
The Assignor shall bear and pay all of the costs and expenses of the
Assignment except for stamp duty, stamp duty reserve or other similar taxes,
which shall be borne and paid by the Assignee.
1.3. Assumption of Liabilities. Effective as of the Closing Date, the
Assignee will assume and agree to pay, perform and discharge, as and when due,
and indemnify and hold the Assignor harmless from and against, (i) each
liability listed in Schedule 1.3 being liabilities relating to the Business
(ii) each obligation of the Assignor to be performed after the Closing Date
with respect to the Transferred Assets and the Assigned Contracts and (iii)
each other liability of the Assignor thereunder (including liabilities for any
breach of a representation, warranty or covenant, or for any claims for
indemnification contained therein), to the extent and only to the extent that
such liability is due to the actions of the Assignee (or any of the Assignee's
affiliates (other than the Assignor), representatives or agents) after the
Closing Date
5
<PAGE>
(collectively, the "Assumed Liabilities"). The Assignee shall not assume, and
shall not be obligated to pay, perform or discharge, any liability or
obligation of the Assignor other than the Assumed Liabilities (whether or not
related to the Transferred Assets or Business) (collectively, the "Excluded
Liabilities"), and shall not be obligated for any other claim, loss or
liability relating to any act, omission or breach by the Assignor with respect
to the Business, the Transferred Assets or the Assigned Contracts, for any
claim, loss or liability related to the Excluded Assets or the Excluded
Liabilities, all of which, the Assignor shall remain obligated to pay, perform
and discharge and to indemnify and hold the Assignee harmless against. Without
limiting the foregoing, among other things, all liabilities arising from the
matters described in the prospectus attached hereto (the "Prospectus") under
the caption "Legal Proceedings", shall be Excluded Liabilities except to the
extent expressly assumed as provided in Schedule 1.3.
1.4. Consideration. In consideration of the Assignment, in addition to
the assumption of the Assumed Liabilities as provided in Section 1.3, the
Assignee shall issue to CFIHLP the Shares credited as fully paid.
1.5. The Closing.
(a) Date and Place. The closing of the transactions contemplated
hereby (the "Closing") shall take place at the London offices of the
Assignor, One America Square, London EC3N, (or such other place as the
Assignor and the Assignee shall agree) on the date the Assignor so
elects, which date shall be no later than the fourth business day
following the date that all of the conditions to Closing provided in
Articles 7 and 8 hereof shall have been satisfied, or at such other
time and/or place and/or on such other date as the parties may
mutually agree (the "Closing Date").
(b) Documents to be delivered by the Assignor. At the Closing, the
Assignor shall:
(i) deliver to the Assignee a duly executed counterpart to the
Joint Services Agreement (the "Joint Services Agreement")
substantially in the form of Exhibit A hereto;
(ii) deliver to the Assignee a duly executed counterpart to the
Administrative Services Agreement (the "Administrative Services
Agreement") substantially in the form of Exhibit B hereof
(together the Joint Services Agreement and the Administrative
Services Agreement being referred to hereinafter as the
"Additional Agreements");
(iii) make available for collection by the Assignee at the normal
location at which they are held, used or stored and/or give
physical possession to the Assignee or as it may direct of such of
the Transferred Assets as are transferable by delivery;
(iv) deliver to the Assignee all documents of title or other
records establishing title to those Transferred Assets;
6
<PAGE>
(v) (if requested by the Assignee so to do) deliver to the
Assignee duly executed assignments, transfers or other assurances
of and otherwise vest in the Assignee such other of the
Transferred Assets as are not transferable by delivery, such
assignments, transfers or assurances to be prepared by and at the
cost of the Assignor in such form as the Assignee shall reasonably
require and to have been approved by the Assignor before Closing;
(vi) deliver to the Assignee the originals of all documents in the
Assignor's possession constituting or evidencing the Assigned
Contracts and the Employment Agreements or relating to all
equipment and items which are not owned by the Assignor but are
used by it, otherwise than by way of supply, in the Business at
the Closing Date including without limitation items on loan,
lease, licence, or hire purchase or of which the Assignor is for
any reason bailee and items supplied to the Assignor under a valid
retention of title clause or other terms effective to prevent, or
delay, title passing to the Assignor, together with consents to
assignments and/or novation agreements as may be required to
transfer to the Assignee such of the Assigned Contracts as have
been deemed by the Assignee prior to Closing to be key contracts,
duly executed by all parties to them other than the Assignee;
(vii) deliver to the Assignee all records necessary to enable the
Assignee to carry on the Business, with the exception of the
statutory books of the Assignor;
(viii) give possession to the Assignee of, or otherwise make
available to it, in such form as the Assignee may reasonably
require, the Trade Secrets;
(ix) deliver to the Assignee releases of any interests by way of
security (howsoever arising) to which any of the Transferred
Assets or Assigned Contracts are subject (other than floating
charges), duly executed by those entitled to the benefit of such
interests;
(x) deliver to the Assignee a certificate in an agreed form dated
as at the Closing Date from each holder of a floating charge over
assets of the Assignor (if any) to the effect that such floating
charge has not crystallised at that time accompanied by an
acknowledgement by such holder that it consents to the transfer of
the Business and to such assets being transferred to the Assignee
upon such transfer free of such charge and of any other charge
which by virtue of such charge might otherwise attach to them in
consequence of such transfer; and
(xi) execute and deliver to the Assignee such other documents or
instruments to effect the transfer of the Transferred Assets, the
assumption of the Assumed Liabilities and the other transactions
contemplated hereby, and in such form, as the Assignee may
reasonably request.
(c) Documents to be delivered by the Assignee. At Closing, the
Assignee shall
7
<PAGE>
execute and deliver to the Assignor (or as it shall direct):
(i) where relevant executed counterparts of the agreements
delivered by the Assignor under Section 1.5(b);
(ii) such other documents or instruments to effect the transfer of
the Transferred Assets, the assumption of the Assumed Liabilities
and the other transactions contemplated hereby, and in such form,
as the Assignor may reasonably request; and
(iii) a share certificate for the Shares in the name of CFIHLP.
1.6. Definition of Taxes In this agreement Taxes means any form of
taxation, whenever created or unpaid and whether of the United Kingdom or
elsewhere (and without limitation includes income tax, P.A.Y.E., corporation
tax, capital gains tax, capital transfer tax, inheritance tax, stamp duty,
stamp duty reserve tax, value added tax, development land tax, petroleum
revenue tax, withholding tax, rates, Customs and Excise duties, National
Insurance contributions, Social Security and other similar liabilities or
contributions) and generally any amount payable to the revenue, customs or
fiscal authorities, whether of the United Kingdom or elsewhere and all interest
and/or penalties related to or arising in respect thereof.
ARTICLE 2
EMPLOYEES
2.1. Transfer Regulations. The Assignor and the Assignee acknowledge
and agree that the Transfer of Undertakings (Protection of Employment)
Regulations 1981 (the "Transfer Regulations") apply to this Agreement and the
transfer of the Business effected by this Agreement is a "relevant transfer"
within the meaning of those regulations and that in accordance with the
Transfer Regulations:
(a) the contracts of employment between the Assignor and the persons
listed in Schedule 2.1 (the "Employees") (save insofar as such
contracts relate to any occupational pension scheme or to any Employee
who informs the Assignor or the Assignee that he objects to becoming
employed by the Assignee under Regulation 5(4A) of the Transfer
Regulations) will have effect after Closing as if originally made
between the Assignee and the Employees;
(b) on Closing all the Assignor's rights, powers, duties and
liabilities under or in connection with each such contract will be
transferred to the Assignee; and
(c) anything done before Closing by or in relation to the Assignor in
respect of each such contract or any Employee will be deemed to have
been done by or in relation to the Assignee.
8
<PAGE>
2.2. Apportionment of rights and liabilities. Without prejudice to the
rights and obligations acquired by the Employees as against the Assignee in
consequence of the Transfer Regulations, the Assignor and the Assignee agree
that as between themselves all rights and liabilities, arising or payable,
under or in respect of or in connection with the Employment Agreements (as
defined in Section 2.4 below) or otherwise in respect of the Employees
(including all such rights and liabilities as are transferred or otherwise
attach to the Assignee pursuant to the Transfer Regulations) shall be
apportioned as follows:
(a) all rights and liabilities arising or payable on or before the
Closing Date shall belong to the Assignor; and
(b) all rights and liabilities arising or payable after the Closing
Date shall belong to the Assignee.
2.3. Regulation 10 Information. The Assignee shall promptly provide to
the Assignor in writing such information as will enable the Assignor to carry
out its duties under Regulation 10 of the Transfer Regulations.
2.4. Employment Agreements not transferred. If for any reason the
contract or other terms or conditions of employment under which the Employees
are for the time being employed by the Assignor in the Business (the
"Employment Agreements") of any of the Employees is not automatically
transferred to the Assignee pursuant to the Transfer Regulations, the Assignee
shall offer to employ such Employee on terms and conditions no less
advantageous to the Employee than the terms on which he would have been
employed had his Employment Agreement been so transferred.
2.5. Persons other than the Employees. The Assignor and the Assignee
intend that the Transfer Regulations shall apply only to the Employees and
accordingly if any contract of employment (whether oral or written, express or
implied) has been or is at any time entered into by the Assignor in respect of
any person who is not an Employee without the prior consent of the Assignee and
such contract shall have effect or shall be alleged by the person so employed
under it to have effect as if originally made between the Assignee and such
person pursuant to the provisions of Regulation 5 of the Transfer Regulations,
then:
(a) the Assignee may, upon becoming aware of the application of
Regulation 5 to such contract or any claim to that effect by the
person employed under it, terminate such contract forthwith;
(b) the Assignee shall promptly inform the Assignor of any such claim
and keep the Assignor advised of any action taken by the Assignee in
respect of it; and
(c) the Assignor shall fully indemnify the Assignee against any sums
payable to or for the benefit of such person in respect of his
employment with the Assignor and/or the Assignee and against all other
liabilities whatsoever arising under or in relation to such
9
<PAGE>
contract or its termination and any obligation or liability of
whatsoever nature (whether arising before or after Closing) in
relation to or in connection with the employment of such person in the
Business.
2.6. Settlement of Claims. Without prejudice to Section 2.5(c) the
Assignee shall be entitled to settle any claim brought against it after
Closing, by any such person as is described in Section 2.5 provided that such
claim is reasonable and that it has consulted with the Assignor before making
such settlement.
2.7. Joint Letter. On such date as the Assignor and the Assignee may
agree in writing, but in any event by not later than the first business day
following Closing, the Assignor and the Assignee shall join in delivering to
each of the Employees a joint letter from the Assignor and the Assignee in an
agreed form. Such letter shall be handed personally to those Employees who are
present for work on the date selected for such delivery and shall be despatched
on that date by first-class post to those Employees who are not so present.
2.8. Pension Arrangements. The Assignor and the Assignee shall procure
that as from Closing the pension arrangements in respect of the Employees shall
be dealt with in such a way as to ensure that the Employees rights are not
prejudiced by the Assignment.
2.9. Objections to the transfer. If any Employee informs the Assignor
or the Assignee that he objects to the transfer of his employment to the
Assignee under this Agreement pursuant to the Transfer Regulations, the
Assignor or the Assignee (as the case may be) shall notify the other forthwith.
If the relevant employee shall refuse to withdraw such objections, such person
shall be deemed not to be an Employee.
2.10. New employees. If the Assignor shall take any person into its
employment in connection with the Business between the date of this Agreement
and Closing, then, provided the Assignee's written consent thereto shall have
been obtained (but not otherwise), such person shall be deemed to be an
Employee.
2.11. Dismissals. If any person employed in connection with the
Business shall be dismissed or his employment shall otherwise terminate in any
way between the date of this Agreement and Closing, then, without prejudice to
the Assignee's rights in respect of such dismissal or termination, such person
shall be deemed not to be an Employee.
2.12. Amendments to Schedule 2.1. On any person being deemed to be an
Employee or not to be an Employee pursuant to Sections 2.10 or 2.11, Schedule
2.1 shall be deemed to be amended accordingly.
2.13. Indemnity. The Assignor will indemnify the Assignee against any
loss, cost, damage or expense suffered or incurred by reason of any proceeding,
claim or demand by any Employee (or, where applicable, their employee
representatives):
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(a) in relation to the employment or termination of employment of any
Employee during the period ending on Closing (save for any proceeding,
claim or demand arising from any act or omission of the Assignee)
including for the avoidance of doubt liability for personal injuries,
breach of contract and infringement of any relevant statutory
provision;
(b) in relation to the breach by the Assignor prior to Closing of any
collective agreement or other custom, practice or arrangement (whether
or not legally binding) with a trade union or staff association in
respect of any Employee (but only in respect of the period ending on
Closing);
(c) in relation to the operation of the Transfer Regulations upon the
contract of employment of any employee of the Assignor whose name is
not listed in Schedule 2.1; or
(d) to the extent that it arises from any failure by the Assignor to
comply with its obligations under Regulation 10 of the Transfer
Regulations or section 188 of the Trade Union and Labour Regulations
Consolidation Act 1992 in respect of any Employee.
ARTICLE 3
REPRESENTATIONS AND WARRANTIES OF THE ASSIGNOR
The Assignor hereby represents and warrants to the Assignee with
respect to itself as follows except as otherwise disclosed in Schedules 3.3,
3.4, 3.5, 3.6, 3.8(b) and 3.9 to this Agreement (the "Disclosure Schedules"),
which Disclosures Schedule specifically reference the particular sections hereof
to which they relate:
3.1. Organisation and Good Standing. The Assignor is duly organised,
validly existing and in good standing under the laws of England and Wales and
is duly qualified to do business and, except as would not singly or in the
aggregate have a Material Adverse Effect, is in good standing in each
jurisdiction in which the ownership, use or leasing of its assets or the
conduct or nature of its business makes such qualification necessary. "Material
Adverse Effect" means any event, change, changes, effect or effects that
individually or in the aggregate are materially adverse to (x) the ownership,
use, operation or value of the Transferred Assets or (y) the condition
(financial or other) or results of operations of, or prospects for, the
Business.
3.2. Authority. The Assignor has the requisite corporate power and
authority to execute and deliver this Agreement and the Additional Agreements,
to perform its obligations hereunder and thereunder and to consummate the
transactions contemplated hereby and thereby. The execution and delivery by the
Assignor of this Agreement and the Additional Agreements and the consummation
by the Assignor of the transactions contemplated hereby and thereby have
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been duly authorized by all necessary corporate, stockholder, member or partner
action, and no other corporate, partner or member proceedings on the part of
the Assignor or any affiliate of the Assignor (other than the Assignee),
respectively, are necessary to authorize the execution and delivery by the
Assignor of this Agreement or the Additional Agreements or to consummate the
transactions contemplated hereby and thereby. This Agreement has been, and at
the Closing the Additional Agreements will be, duly executed and delivered by
the Assignor and constitutes or will constitute, as applicable, legal, valid
and binding obligations of the Assignor enforceable against the Assignor in
accordance with their respective terms.
3.3. No Conflict; Required Filings and Consents.
(a) The execution, delivery and performance by the Assignor of this
Agreement and the Additional Agreements do not, and the consummation
of the transactions contemplated hereby and thereby will not, (i)
conflict with or violate the certificate of incorporation, Memorandum
or Articles of Association or similar organisational or governing
document of the Assignor, or any affiliate thereof as the case may be;
(ii) conflict with or violate any local or foreign laws, rules,
statutes, ordinances, regulations, judgments, settlement agreements,
orders or decrees or arbitration proceedings or pronouncements
(collectively "Laws") applicable to the Assignor or any affiliate
thereof, the Business or the Transferred Assets or by which the
Assignor or any affiliate thereof, the Business or the Transferred
Assets are bound or affected; or (iii) result in any material breach
of or constitute a material default (or an event that with notice or
lapse of time or both would become a material default) under, or give
to any other person any right of termination, amendment, acceleration
or cancellation of, or result in the creation of a Lien on any of the
Transferred Assets pursuant to, any note, bond, mortgage, indenture,
contract, agreement, lease, license, permit, franchise or other
instrument or obligation to which the Assignor or any affiliate
thereof is a party or by which the Assignor or any affiliate thereof,
the Business or the Transferred Assets are bound or affected; and
(b) The execution, delivery and performance by the Assignor of this
Agreement and the Additional Agreements do not and the consummation of
the transactions contemplated hereby and thereby do not require the
Assignor or any of its affiliates to seek, obtain or receive any
consent, approval, authorisation or permit from, or make any filing
with or notification to, any governmental agency, authority or court
or any other person, body or committee except for any consents,
approvals any authorisations or permits as have been obtained or
filings or notifications as have been made, or as would not singly or
in the aggregate if not obtained or made, have a Material Adverse
Effect.
3.4. Permits; Compliance with the Law. The Assignor is in possession
of all franchises, grants, authorisations, licences, permits, easements,
variances, exemptions, consents, certificates, approvals and orders necessary
for it to own and use the Transferred Assets as presently owned and used and to
carry on the Business as it is now being conducted (the "Permits"), except for
those Permits the failure of which to obtain or maintain would not result in
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a Material Adverse Effect, and no suspension, revocation, cancellation or
refusal to review any of the Permits has occurred, or to the knowledge of the
Assignor, is threatened or anticipated. Each of the Permits is listed in
Schedule 3.4. The Assignor has conducted and is conducting the Business, and
has owned, used and operated and owns, uses and operates the Transferred Assets
in compliance with, and not in violation of, (i) any Law applicable to it or by
which it, the Business or the Transferred Assets is bound or affected or (ii)
any of the Permits (except in either case for any such violations as, singly or
in the aggregate, would not have a Material Adverse Effect).
3.5. Title to Transferred Assets. The Assignor owns, free and clear of
any Liens, and has the full right to sell, assign and convey, all of the
Transferred Assets, and at Closing will convey the Transferred Assets to the
Assignee, free and clear of any Liens.
3.6. Absence of Litigation. Except as would not singly or in the
aggregate have a Material Adverse Effect, or is disclosed in the Prospectus,
there is no pending or threatened, nor has there been at any time during the
twelve months preceding the date hereof any, claim, complaint, action, suit,
litigation, proceeding or arbitration or, to the Assignor's knowledge, any
inquiry or investigation of any kind by any consumer protection agency or other
governmental or self-regulatory agency, or any other person or entity which
seeks to enjoin, delay or restrict any of the transactions contemplated by this
Agreement or the Additional Agreements or which involves the Business or any of
the Transferred Assets. Except as would singly or in the aggregate have a
Material Adverse Effect, neither the Assignor nor any affiliate of the Assignor
are subject to any judgment, order, writ, injunction, decree or award which
relates to any of the Transferred Assets or to the Business.
3.7. Contracts; No Default; Etc. Schedule 1.1 part C lists each
Assigned Contract. Correct and complete copies of each Assigned Contract,
together with all amendments, supplements and other instruments (including side
letters) thereto effecting a modification or waiver of the terms thereof, have
been delivered to the Assignee. Each Assigned Contract is valid, subsisting
and, to the Assignor's knowledge, enforceable in accordance with its terms,
save only that such enforceability may be affected by bankruptcy, insolvency,
fraudulent conveyance, moratorium and similar laws affecting the rights of
creditors generally and by general principles of equity (whether considered in
a proceeding at law or in equity). Each such Assigned Contract is in full force
and effect, no written notice of termination or non-renewal of any Assigned
Contract has been given to the Assignor or, to the knowledge of the Assignor,
is anticipated, and there is no material default (or any event known to the
Assignor which, with the giving of notice or lapse of time or both, would
constitute a material default) by the Assignor or, to the knowledge of the
Assignor, by any other party to any such Assigned Contract, in the due timely
payment or performance of any obligation to be performed or paid under any
Assigned Contract.
3.8. Intellectual Property and Computer Assets.
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(a) Except as would not singly or in the aggregate have a Material
Adverse Effect, the Assignor (or an affiliate of the Assignor) owns
all right, title and interest in, or has valid and subsisting licence
rights sufficient to use and to continue to use, all Intellectual
Property principally used in the conduct of the Business as currently
conducted by the Assignor. All Intellectual Property necessary for the
conduct of the Business as described in the Prospectus (other than the
intellectual property included in the Excluded Assets) is being
transferred to the Assignee hereunder. Except as would not singly or
in the aggregate have a Material Adverse Effect, all Intellectual
Property is free and clear of any and all Liens.
(b) Schedule 3.8(b) lists all of the Assignor's United States and
foreign registrations and applications issued by, filed with or
recorded by any governmental regulatory authority with respect to the
Intellectual Property (if any). Except as singly or in the aggregate
would not have a Materially Adverse Effect, all of such registrations
and applications are valid and in full force and effect and all
necessary actions to maintain the registrations or applications for
registration of such Intellectual Property have been taken or
instructions have been given that such actions be taken, and such
actions will be taken as of the date of this Agreement.
3.9. Undisclosed Liabilities. Except as singly or in the aggregate,
would not have a Materially Adverse Effect of the Disclosure Schedules, there
are no claims, losses, obligations or liabilities of, relating to or affecting
the Assignor or any of the Transferred Assets.
3.10. Entire Business. The Transferred Assets, together with the
services to be provided by the Assignor or its affiliates pursuant to the (i)
Administrative Services Agreement and (ii) Joint Services Agreement, constitute
all the assets, properties and rights necessary for the Assignee to conduct the
Business in all material respects as described in the Prospectus.
ARTICLE 4
REPRESENTATIONS AND WARRANTIES OF THE ASSIGNEE
The Assignee hereby represents and warrants to the Assignor as follows:
4.1. Organisation and Good Standing. The Assignee is a limited
liability company duly organised, validly existing and in good standing under
the laws of England and Wales. The Assignee has the requisite power and
authority to execute, deliver and perform this Agreement and to consummate the
transactions contemplated hereby.
4.2. Authority; Binding Effect. The Assignee has taken all necessary
corporate actions to authorise, execute and deliver this Agreement and to
perform all of its obligations under, and to consummate the transactions
contemplated by, this Agreement. This Agreement has been
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duly and validly executed by the Assignee. This Agreement constitutes the valid
and binding obligation of the Assignee, enforceable against the Assignee in
accordance with its terms, subject to the effect of reorganisation, bankruptcy,
insolvency, moratorium, fraudulent conveyance and other similar laws relating
to or affecting creditors' rights generally and court decisions with respect
thereto, and subject to the application of equitable principles and the
discretion of the court (regardless of whether the enforceability is considered
in a proceeding in equity or at law).
ARTICLE 5
ASSIGNED CONTRACTS
5.1. Novation; Assignment. The Assignor and the Assignee shall, to the
extent possible, arrange for the Assigned Contracts to be novated. To the extent
that the Assignor and the Assignee agree that any particular Assigned Contract
should not be novated, then, as regards those particular Assigned Contracts, the
Assignor hereby assigns with effect from Closing, to the Assignee all of those
particular Assigned Contracts which are capable of assignment and (i) which do
not require the consent of the other parties thereto to any such assignment or
(ii) for which consent to assignment has been obtained from the other parties
thereto prior to Closing.
5.2. Assigned Contract not Novated or Assigned. All other Assigned
Contracts shall as from Closing (pending an assignment or novation thereof) be
held by the Assignor on trust for the Assignee absolutely. Insofar as such
Assigned Contracts:
(a) are not assignable or cannot be assigned without consent or without
such assignment constituting an event of default or termination, the
Assignor shall at the option of the Assignee:
(i) use all reasonable endeavours to procure that any requisite
consent is obtained; or
(ii) use all reasonable endeavours to procure that the Assignee be
granted corresponding rights (and for this purpose shall do all such
acts and things and make all such representations as the Assignee
may reasonably require) and, subject thereto, that the existing
arrangements be terminated; or
(iii) use all reasonable endeavours to procure that all relevant
third parties waive the relevant provisions; or
(iv) execute (or procure there to be executed) a declaration of
trust for the benefit of and in favour of the Assignee; or
(v) otherwise deal with the same as the Assignee may reasonably
direct; or
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(b) cannot effectively be transferred to, or the obligations thereunder
cannot effectively be assumed by, the Assignee except by an agreement
of novation with one or more third party:
(i) each of the Assignor and the Assignee shall use their respective
reasonable endeavours to procure that the same be novated; and
(ii) unless and until any such novation is entered into, the
Assignor shall do or procure to be done all such acts and things in
relation thereto as the Assignee may reasonably require.
5.3. Receivables and outgoings; rights and liabilities. In respect of
each of the Assigned Contracts:
(a) as between the Assignor and the Assignee the Assigned Contract
shall be deemed to have been duly transferred to the Assignee as from
the Closing Date;
(b) responsibility for the collection of receivables and the discharge
of outgoings payable under the Assigned Contracts and the respective
obligations of the Assignor and the Assignee to account to or reimburse
each other with respect to receivables so collected and outgoings so
discharged shall be determined in accordance with the Joint Services
Agreement.
(c) as regards all rights under the Assigned Contracts other than
receivables and all liabilities under the Assigned Contracts other than
outgoings:
(i) the Assignor shall exercise all such rights and discharge all
such liabilities which fall due on or before the Closing Date and
the Assignee shall exercise all such rights and discharge all such
liabilities which fall due after the Closing Date; and
(ii) the Assignor shall account to the Assignee for the benefit of
all such rights exercised by the Assignor to the extent that they
arise after the Closing Date and the Assignee shall account to the
Assignor for the benefit of all such rights exercised by the
Assignee to the extent that they arise on or before the Closing
Date.
5.4. Matters arising prior to Closing. Nothing in this Agreement:
(a) shall require the Assignee to perform any obligation falling due
for performance, or which should have been performed, prior to Closing;
(b) shall make the Assignee liable for any act, neglect, default or
omission in respect of any of the Assigned Contracts committed by the
Assignor, or occurring, prior to Closing; or
(c) shall impose any obligation on the Assignee for or in respect of
any service
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performed by the Assignor prior to Closing.
5.5. Mutual Indemnities. The Assignor shall fully indemnify the
Assignee against all liabilities under the Assigned Contracts to the extent that
they arise on or before Closing and, subject to Sections 5.6 and 5.7, the
Assignee shall fully indemnify the Assignor against all liabilities under the
Assigned Contracts to the extent that they arise after Closing.
5.6. Rescission or termination by a third party. If the other parties
to an Assigned Contract shall rescind or terminate or purport to rescind or
terminate the Assigned Contract or shall make any other claim on the ground that
the transfer or purported transfer of the Assigned Contract by the Assignor to
the Assignee constitutes a breach of, or event of default under, the Assigned
Contract the Assignor shall fully indemnify the Assignee against all damages or
other compensation sought by such other party or parties under any such claim.
5.7. Liabilities arising as a result of Closing. Notwithstanding
anything in the previous provisions of this Article 5, the Assignor shall be
liable for and shall discharge at its own expense and for its own account and
fully indemnify the Assignee against all liabilities which arise in respect of
any of the Assigned Contracts in consequence of the execution or Closing of this
Agreement and for the purposes of this Article 5 all such liabilities shall be
deemed to arise on or before the Closing Date.
5.8. Benefit of warranties. The Assignor shall at the request of the
Assignee and at the Assignee's expense use its reasonable endeavours to extend
to the Assignee and enforce on its behalf the benefit of any warranties, express
or implied, given to the Assignor in respect of the goods or services supplied
under any of the Assigned Contracts which are supply contracts.
5.9. Other contracts. The Assignor undertakes to perform any contract
or other of its obligation relating to the Business which the Assignee is not by
this Agreement required to perform. The Assignor shall remain solely responsible
for all contracts to which it is a party which are not Assigned Contracts.
5.10. Right of the Assignee to treat Assigned Contracts as excluded. If
any of the Assigned Contracts which has not been assigned to the Assignee at
Closing has not been novated, assigned or otherwise transferred to the Assignee
within a period of 90 days after Closing, the Assignee may by notice in writing
given to the Assignor elect to treat such Assigned Contract as excluded from the
transfer referred to in Article 1 and as from receipt by the Assignor of such
notice:
(a) neither the Assignor nor the Assignee shall have any further
obligation to the other with regard to the transfer to the Assignee of
that Assigned Contract;
(b) the Assignor and the Assignee shall be released from their
obligations to each other with respect to that Assigned Contract and
the Assignor shall reimburse the Assignee, and shall fully indemnify it
against, all payments made or costs incurred by the Assignee in
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prior performance of those obligations after making due allowance for
any payments or other benefits under the Assigned Contract which have
been received by the Assignee; and
(c) the Assignor shall procure that the Assigned Contract is terminated
as soon as practicable and the Assignor shall be solely liable for, and
shall fully indemnify and keep the Assignee indemnified against, all
liabilities, claims, expenses, losses or damages arising under the
Assigned Contract or in respect of its termination and the release of
the Assignor from all further obligations under it.
5.11. Third Party consents. At its own expense the Assignor will give
any notices to third parties, and will use its reasonable efforts to obtain any
third party consents, that the Assignee may request in connection with the
transaction contemplated by this Agreement, including, but not limited to, those
consents listed in Schedule 5.11. Each party to this Agreement will give notices
to, make any filings with, and use its reasonable best efforts to obtain any
authorisations, consents, and approvals of governments and governmental agencies
in connection with, the transactions contemplated by this Agreement.
ARTICLE 6
INDEMNIFICATION
6.1. The Assignor's Indemnification Obligations. Subject to the terms
and conditions of this Article 6, the Assignor agrees to defend, indemnify and
hold the Assignee, its affiliates and assigns and their respective officers,
directors, agents, attorneys, employees and representatives harmless from and
against any and all liabilities, losses, costs, damages, expenses, penalties,
deficiencies, fines and Taxes, including, without limitation, reasonable legal
and other expenses (collectively, "Damages"), directly or indirectly arising out
of, resulting from or relating to:
(a) any breach of any representation, warranty, covenant, agreement or
obligation of the Assignor contained in this Agreement;
(b) any Excluded Liability;
(c) the conduct of the Business, and the ownership, use and operation
of the Transferred Assets, on or prior to the Closing Date; and
(d) the use, operation or ownership of the Excluded Assets prior to or
after Closing including, without limitation, the Excluded Software.
6.2. The Assignee's Indemnification Obligations. Subject to the terms
and conditions of this Article 6, the Assignee agrees to defend, indemnify and
hold the Assignor, its affiliates,
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officers, directors, agents, attorneys, employees and representatives harmless
from and against any and all Damages directly or indirectly arising out of,
resulting from or relating to:
(a) any breach of any representation, warranty, covenant, agreement or
obligation of the Assignee contained in this Agreement; or
(b) any Assumed Liability (including, without limitation, any failure
by the Assignee to perform pursuant hereto the obligations to be
performed by it after the Closing under any Assigned Contracts or the
use, operation or ownership of the Transferred Assets or operation of
the Business after Closing).
6.3. Claims for Indemnification; Defence of Indemnified Claims. For
purposes of this Section, the party entitled to indemnification shall be
referred to as the Indemnified Party and the party required to indemnify shall
be referred to as the Indemnifying Party. In the event that the Indemnifying
Party shall be obligated to the Indemnified Party pursuant to this Article 6 or
in the event that a suit, action, investigation, claim or proceeding is begun,
made or instituted as a result of which the Indemnifying Party may become
obligated to the Indemnified Party hereunder, the Indemnified Party shall give
prompt written notice to the Indemnifying Party of the occurrence of such event,
specifying the basis for such claim or demand, and the amount or estimated
amount thereof to the extent then determinable (which estimate shall not be
conclusive of the final amount of such claim or demand); provided, however, that
the failure to give such notice shall not constitute a waiver of the right to
indemnification hereunder, except to the extent that the Indemnifying Party is
actually prejudiced in a material respect thereby. The Indemnifying Party agrees
to defend, contest or otherwise protect against any such suit, action,
investigation, claim or proceeding at the Indemnifying Party's own cost and
expense with counsel of its own choice, who shall be, however, reasonably
acceptable to the Indemnified Party. The Indemnifying Party may not make any
compromise or settlement without the prior written consent of the Indemnified
Party (which will not be unreasonably withheld or delayed) and the Indemnified
Party shall receive a full and unconditional release reasonably satisfactory to
it pursuant to such compromise or settlement. The Indemnified Party shall have
the right but not the obligation to participate at its own expense in the
defence thereof by counsel of its own choice. If requested by the Indemnifying
Party, the Indemnified Party shall (at the Indemnifying Party's expense) (i)
cooperate with the Indemnifying Party and its counsel in contesting any claim or
demand which the Indemnifying Party defends, (ii) provide the Indemnifying Party
with reasonable access during normal business hours to its books and records to
the extent that such books and records relate to the condition or operation of
the Business and are requested by the Indemnifying Party to perform its
indemnification obligations hereunder, and to make copies of such books and
records, and (iii) make personnel available to assist in locating any books and
records relating to the Business or whose assistance, participation or testimony
is reasonably required in anticipation of, preparation for, or the prosecution
and defence of, any claim subject to this Article 6. In the event that the
Indemnifying Party fails timely to defend, contest or otherwise protect the
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Indemnified Party against any such suit, action, investigation, claim or
proceeding, the Indemnified Party shall have the right to defend, contest or
otherwise protect the Indemnified Party against the same and may make any
compromise or settlement thereof and recover the entire cost thereof from the
Indemnifying Party, including, without limitation, reasonable attorneys' fees,
disbursements and all amounts paid as a result of such suit, action,
investigation, claim or proceeding or compromise or settlement thereof.
6.4. Payments; Non-Exclusivity Payments; Non-Exclusivity. Any amounts
due to an Indemnified Party under this Article 6 shall be due and payable by the
Indemnifying Party within fifteen (15) business days after (i) in the case of a
claim which does not involve any third party, receipt of written demand therefor
and (ii) in the case of a claim which involves a third party, the final
disposition of such claim or demand, provided legal and other out-of-pocket
costs and expenses are reimbursed currently within fifteen (15) business days
after demand therefor. The remedies conferred in this Article 6 are intended to
be without prejudice to any other rights or remedies available at law or equity
to the Indemnified Parties, now or hereafter.
ARTICLE 7
CONDITIONS TO THE ASSIGNEE'S OBLIGATIONS
The obligations of the Assignee to consummate the transactions
contemplated hereby shall be subject to the fulfillment on or prior to the
Closing Date of the following conditions any, or all of which may be waived in
whole or in part by the Assignee to the extent permitted by applicable law:
7.1. Representations, Warranties and Covenants of the Assignor. The
Assignor shall have complied in all material respects with all of its agreements
and covenants contained herein (including the obligations of the Assignor to
deliver the documents specified in Section 1.5) to be performed at or prior to
the Closing Date, and all of the representations and warranties of the Assignor
contained herein shall be true in all material respects on and as of the Closing
Date with the same effect as though made on and as of the Closing Date, except
to the extent that such representations and warranties were made as of a
specified date and, as to such representations and warranties, the same shall
continue on the Closing Date to have been true in all material respects as of
the specified date.
7.2. Other Consents and Filings. All material approvals and consents of
or filings with governmental or regulatory authorities, and all material
approvals and consents of any other persons (including, without limitation, all
third party consents under each of the Assigned Contracts), required to permit
the consummation of all of the transactions contemplated hereby shall have been
obtained or made, as the case may be, to the reasonable satisfaction of the
Assignee; provided, however, that it shall not be a condition to Assignee's
obligation to close the transactions contemplated hereby if the failure to
obtain any such approvals, consents or filings would not be material to the
Business or the Transferred Assets. For purposes of this Section 7.2, it is
understood and agreed that the failure to obtain any of the approvals, consents
and
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filings listed in Schedule 7.2 shall be deemed to be material to the Business or
the Transferred Assets.
7.3. Absence of Litigation. No proceeding, action, suit, investigation,
litigation or claim challenging the legality of, or seeking to restrain,
prohibit or modify the transactions contemplated by this Agreement or the
Additional Agreements shall have been instituted and not settled or otherwise
terminated.
7.4. No Prohibition. No law, statute, rule or regulation or injunction,
order, judgment, ruling, decree or settlement of any court or administrative
agency shall be in effect which prohibits the Assignee from consummating the
transactions contemplated hereby or operating any Transferred Asset after the
Closing Date.
ARTICLE 8
CONDITIONS TO THE ASSIGNOR'S OBLIGATIONS
The obligations of the Assignor to consummate the transactions
contemplated hereby shall be subject to the satisfaction (or waiver by the
Assignor) on or prior to the Closing Date of all of the following conditions:
8.1. Representations, Warranties and Covenants of the Assignee. The
Assignee shall have complied in all material respects with all of its agreements
and covenants contained herein (including the obligation of the Assignee to
deliver the documents specified in Section 1.5) to be performed at or prior to
the Closing Date, and all of the representations and warranties of the Assignee
contained herein shall be true in all material respects on and as of the Closing
Date with the same effect as though made on and as of the Closing Date, except
to the extent that such representations and warranties were made as of a
specified date and, as to such representations and warranties, the same shall
continue on the Closing Date to have been true in all material respects as of
the specified date.
8.2. No Prohibition. No law, statute, rule or regulation or injunction,
order, judgment, ruling, decree or settlement of any court or administrative
agency shall be in effect which prohibits the Assignor from consummating the
transactions contemplated hereby.
ARTICLE 9
TERMINATION PRIOR TO CLOSING
9.1. Termination. This Agreement may be terminated at any time prior to
the Closing:
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(a) by the mutual written consent of the Assignee and the Assignor; or
(b) by either the Assignor or the Assignee in writing, without
liability to the terminating party on account of such termination
(provided that the terminating party is not otherwise in breach of this
Agreement), if there shall have been a material breach by the other
party of its representations, warranties, covenants or agreements
contained herein, the non-breaching party has notified the breaching
party of the breach, and the breach has continued without cure for a
period of 30 days after such notice of breach.
9.2. Effect on Obligations. Termination of this Agreement pursuant to
this Article shall terminate all obligations of the parties hereunder; provided,
however, that termination pursuant to paragraph (b) of Section 9.1 shall not
relieve any party that breached its covenants or agreements contained herein or
in any related agreement from any liability to the other party hereto by reason
of such breach.
ARTICLE 10
MISCELLANEOUS
10.1. Successors and Assigns. This Agreement shall not be assignable by
the Assignee without the prior written consent of the Assignor. The terms and
conditions of this Agreement shall inure to the benefit of and be binding upon
the respective successors and permitted assigns of the parties hereto.
10.2. Headings. The headings of the Articles and Sections of this
Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction hereof.
10.3. Modification and Waiver. No amendment, modification or alteration
of the terms or provisions of this Agreement shall be binding unless the same
shall be in writing and duly executed by the parties hereto; provided, however,
that each amendment, modification, alteration or waiver hereof or hereunder must
be approved by a majority of the outside directors of eSpeed, Inc.. For purposes
of this Agreement, an outside director shall mean a director who is not an
employee, partner or affiliate (other than solely by reason of being an eSpeed,
Inc. director) of eSpeed, Inc., Cantor Fitzgerald, L.P. or any of their
respective affiliates. No waiver of any of the provisions of this Agreement
shall be deemed to or shall constitute a waiver of any other provision hereof
(whether or not similar). No delay on the part of any party in exercising any
right, power of privilege hereunder shall operate as a waiver thereof.
10.4. Broker's Fees. Each party represents and warrants that no broker,
finder or investment banker is entitled to any brokerage, finder's or other fee
or commission in connection with the transactions contemplated hereby.
22
<PAGE>
10.5. Expenses. The Assignor and the Assignee shall pay its own costs
and expenses incurred in connection with the preparation and execution and
delivery of this Agreement, including, without limiting the generality of the
foregoing, fees and expenses of financial consultants, accountants and counsel
provided that the Assignee shall bear the cost of any stamp duty, stamp duty
reserve and similar taxes in connection with any transfer of assets pursuant to
this Agreement. The obligation to pay expenses pursuant to this Section 10.5
shall not in any way limit or expand any obligation of the Assignor or the
Assignee to bear and pay costs and expenses relating to the actual assignment of
Transferred Assets pursuant to Section 1.1.
10.6. Notices. Any notice, request, instruction or other document to be
given hereunder by either party hereto to the other party shall be in writing
and delivered personally or sent by electronic facsimile transmission, by
overnight courier or by registered or certified mail, postage prepaid,
If to the Assignor to:
Cantor Fitzgerald International
One America Square
London EC3N 2LS
Attention: General Counsel
Fax Number: 0171 894 7553
If to the Assignee to:
eSpeed Securities International Limited
One America Square
London EC3N 2LS
Attention: General Counsel
Fax Number: 0171 894 7553
or at such other address for a party as shall be specified by like notice. Any
notice which is delivered personally or by a form of written telecommunications
in the manner provided herein shall be deemed to have been duly given to the
party to whom it is directed upon the actual receipt by such party. Any notice
which is addressed and sent in the manner herein provided shall be conclusively
presumed to have been duly given to the party to which it is addressed at the
close of business, local time of the recipient, on the first day, if mailed by
overnight courier, and otherwise on the third day, after the day it is so sent.
10.7. Governing Law. This Agreement shall be construed in accordance
with and governed by the laws of England applicable to agreements made and to be
performed wholly within such jurisdiction. Each of the parties hereto hereby
irrevocably and unconditionally consents to submit to the exclusive jurisdiction
of the High Court of Justice in England for any
23
<PAGE>
litigation arising out of or relating to this agreement and the transactions
contemplated hereby (and agrees not to commence any litigation relating thereto
except in such courts), and further agrees that service of any process, summons,
notice or document by registered mail to its respective address set forth in
section 10.6 shall be effective service of process for any litigation brought
against it in such court. Each of the parties hereto hereby irrevocably and
unconditionally waives any objection to the laying of venue of any litigation
arising out of this agreement or the transactions contemplated hereby in the
High Court of Justice in England, and hereby further irrevocably and
unconditionally waives and agrees not to plead or claim in any such court that
any such litigation brought in any such court has been brought in an
inconvenient forum.
10.8. Other Covenants. Subject to Section 7.2, to the extent that any
consents needed to assign to the Assignee any of the Transferred Assets have not
been obtained on or prior to the Closing Date, this Agreement shall not
constitute an assignment or attempted assignment thereof if such assignment or
attempted assignment would constitute a breach thereof. If any such consent
shall not be obtained on or prior to the Closing Date, then (i) the Assignee and
the Assignor, if required under applicable law, shall use their reasonable best
efforts in good faith to obtain such consent as promptly as practicable
thereafter (provided that reasonable best efforts shall not include the payment
of monies to any third party) and (ii) until such consent is obtained, the
parties shall use reasonable efforts in good faith to cooperate and to cause
each of their respective affiliates to cooperate, in any lawful arrangement
(including licensing, subleasing or subcontracting if permitted) designed to
provide to the Assignee the operational and economic benefits under any such
Transferred Assets.
10.9. Disclosure Schedule and Exhibits; Entire Agreement. The
Disclosure Schedules, and all exhibits and attachments to the Disclosure
Schedules, an all exhibits to, and documents expressly incorporated into this
Agreement, and any other attachments to this Agreement are hereby incorporated
into this Agreement and are made a part hereof as if set out in full in this
Agreement. This Agreement (and the agreements, certificates and other documents
delivered hereunder), unless otherwise provided herein, supersedes all other
prior agreements and understandings, both written and oral, among the parties
with respect to the subject matter hereof and constitutes the entire agreement
among the parties hereto with respect to the subject matter hereof.
10.10. Further Assurances. At its own expense each party hereto shall
execute, deliver, file and record, or cause to be executed, delivered, filed and
recorded, such further agreements, instruments and other documents and take, or
cause to be taken, such further actions, as the other party may reasonably
request as being necessary or advisable to effect or evidence the transactions
contemplated by this Agreement. Furthermore, each party hereto agrees to comply
with all applicable laws relating to the conduct of its business.
10.11. Survival of Representations and Warranties. All of the
representations and warranties of the Assignor and the Assignee contained in
this Agreement shall survive Closing
24
<PAGE>
(even if the damaged party knew or had reason to know of any misrepresentation
or breach of warranty at the time of Closing) and continue in full force and
effect for ten (10) years thereafter (subject to any applicable statutes of
limitations).
10.12. Invalid Provisions. If any provision of this Agreement is held
to be illegal, invalid or unenforceable, and if the rights or obligations of any
party hereto under this Agreement will not be materially and adversely affected
thereby, (i) such provision will be fully severable, (ii) this Agreement will be
construed and enforced as if such illegal, invalid or unenforceable provision
had never comprised a part hereof, (iii) the remaining provisions of this
Agreement will remain in full force and effect and will not be affected by the
illegal, invalid or unenforceable provision or by its severance herefrom and
(iv) in lieu of such illegal, invalid or unenforceable provision, there will be
added automatically as a part of this Agreement a legal, valid and enforceable
provision as similar in terms to such illegal, invalid or unenforceable
provision as may be possible.
10.13. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original,
and all of which shall constitute the same instrument.
25
<PAGE>
IN WITNESS WHEREOF, each of the parties hereto has caused this
Agreement to be executed on its behalf as of the date first above written.
SIGNED by )
for and on behalf of )
CANTOR FITZGERALD )
INTERNATIONAL )
SIGNED by )
for and on behalf of )
eSPEED SECURITIES )
INTERNATIONAL LIMITED )
SIGNED by )
for and on behalf of )
CANTOR FITZGERALD )
INTERNATIONAL HOLDINGS L.P. )
26
<PAGE>
SCHEDULE 1.1
PART A - TRANSFERRED ASSETS
<TABLE>
<CAPTION>
SPIDER ASSETS
US FIXED
# SSET CAT CO ACC ACCTTITLE DATE ITEM DESCRIPTION INV NO SUPPLIER
<S><C> <C> <C> <C> <C> <C> <C> <C>
1 Customer Equip. F'FURT 5700 Equip. and mach. JAN-97 FIT OUT COSTS RE COMP EQUIP ALTSTADTBAU
1 Customer Equip. CFI 5700 Equip. and mach. May-96 10" 29MM DDC 15-40K O/WH STACK x 40 KME
1 Customer Equip. CFI 5700 Equip. and mach. May-96 10" 29MM DDC 15-40K O/WH STACK x 36 KME
1 Customer Equip. CFI 5700 Equip. and mach. May-96 10" 29MM DDC 15-40K O/WH STACK x 30 KME
1 Customer Equip. CFI 5700 Equip. and mach. May-96 10" 29MM DDC 15-40K O/WH STACK x 25 KME
1 Customer Equip. CFI 5700 Equip. and mach. JUN-96 VT525 TERMINALS x 50 ONLINE
1 Customer Equip. CFI 5700 Equip. and mach. Jan-96 10" 29mm DDC O/WH STACK KENT MODULAR ELECT
1 Customer Equip. CFI 5700 Equip. and mach. May-96 10" 29MM DDC 15-40K O/WH STACK x 20 KME
1 Customer Equip. CFI 5700 Equip. and mach. APR-96 29MM DDC O/WH STACK KME
1 Customer Equip. CFI 5700 Equip. and mach. May-96 10" 29MM DDC 15-40K O/WH STACK x 20 KME
1 Customer Equip. CFI 5700 Equip. and mach. Dec-95 VT525 TERMINALS x 100 ON-LINE COMM
1 Customer Equip. CFI 5700 Equip. and mach. Feb-96 10" 29MM DDC O/WH STACK x 40 KENT MODULAR ELEC
1 Customer Equip. CFI 5700 Equip. and mach. May-96 10" 29MM DDC 15-40K O/WH STACK x 16 KME
1 Customer Equip. CFI 5600 Computer Equip. Feb-97 E105 QPC AC DEVELOPMENT ALPHAN
1 Customer Equip. CFI 5700 Equip. and mach. Feb-96 MAINS LEAD x 30 & DCC STACK x 30 KENT MODULAR SERV
1 Customer Equip. CFI 5600 Computer Equip. JUL-96 10" 29MM DDC 15-40 O/WH STACK x 12 KME
1 Customer Equip. CFI 5600 Computer Equip. May-98 VT525 AE DEC TERMINAL X12 40/1592 ONLINE
1 Customer Equip. CFI 5700 Equip. and mach. Nov-95 10" M/F KME GREY RFI KME
1 Customer Equip. CFI 5600 Computer Equip. JUL-96 13" DDC 15-50 M/F WHITE STACK KME
1 Customer Equip. CFI 5600 Computer Equip. JUL-96 10" 29MM DDC STACK x 10 KME
1 Customer Equip. CFI 5600 Computer Equip. JUL-96 10" 29MM DDC 15-40 O/WH STACK x 10 KME
1 Customer Equip. CFI 5700 Equip. and mach. MAR 96 MAIN LEAD & 10"29MM DCC STACK x 22 KME
<CAPTION>
AS AT MARCH 10 1999
USD
# USD COST VALUE
<S> <C> <C>
1 84,257 36,231
1 34,949 15,028
1 31,330 13,472
1 26,145 11,242
1 21,832 9,388
1 19,536 8,401
1 43,387 9,545
1 17,646 7,588
1 17,646 7,588
1 17,601 7,568
1 35,709 7,856
1 34,656 7,624
1 14,117 6,070
1 12,804 5,506
1 26,032 5,727
1 10,844 4,663
1 3,717 3,754
1 21,985 4,837
1 9,156 3,937
1 9,130 3,926
1 8,779 3,775
1 19,079 4,197
</TABLE>
27
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C> <C> <C>
1 Customer Equip. CFI 5700 Equip. and mach. APR-96 29MM DCC O/WH STACK x 5 KME
1 Customer Equip. CFI 5600 Computer Equip. Sep-97 ABS BACKUP SYSTEM INSTALLATION CITYNE
1 Customer Equip. CFI 5700 Equip. and mach. MAR 96 10" 29MM DDC STACK KME
1 Customer Equip. CFI 5700 Equip. and mach. May-96 SP 282 SE 548T MODIFIED x 2 SPEAKEASY
1 Customer Equip. CFI 5700 Equip. and mach. Feb-96 10" 29MM DDC 15-40k STACK x 30 KENT MODULAR ELEC
1 Customer Equip. CFI 5700 Equip. and mach. Sep-95 CISCO 2503 SYSTEM CHERNI
1 Customer Equip. CFI 5700 Equip. and mach. May-96 WYSE 350 TERMINALS TRONIX
1 Customer Equip. CFI 5700 Equip. and mach. APR-96 3268 FAST V34 / 3266 FAST V34 DATAGUARDIAN
1 Customer Equip. CFI 5700 Equip. and mach. Sep-95 10" M/FREQ KME GREY RFI 240V KME
1 Customer Equip. CFI 5700 Equip. and mach. Aug-95 CISCO 2511 SYSTEM CHERNI
1 Customer Equip. CFI 5700 Equip. and mach. Aug-95 CISCO 2511 SYSTEM CHERNI
1 Customer Equip. CFI 5700 Equip. and mach. Feb-96 FAST V34 x 3 DATAGUARDIAN
1 Customer Equip. CFI 5700 Equip. and mach. Sep-95 CISCO 2503 SYSTEM CHERNI
1 Customer Equip. CFI 5700 Equip. and mach. Nov-95 SCICON S8000/2 x 25 PAD CITYNE
1 Customer Equip. CFI 5700 Equip. and mach. Feb-95 ISDN BASIC RATE INTERFACES GADC
1 Customer Equip. CFI 5700 Equip. and mach. May-94 LASER SPEAKERS,QUATTRO 4 INTO 1'S KEY COMMS
1 Customer Equip. CFI 5600 Computer Equip. JUL-96 10" 29MM DDC 15-40K O/WH STACK x 20 KME
CUSTOMER EQUIP. 39 ITEMS
TOTAL
9 Cabling PARIS 5700 Equip. and mach. Jun-98 CABLING INV1250 DATACABLING
9 Cabling CFSNC 5700 Equip. and mach. Sep-97 CABLES AND DEALERBOARDS ETRALI
9 Cabling PARIS 5700 Equip. and mach. Jun-98 CABLING INV 1257 DATACABLING
9 Cabling CFSNC 5600 Computer Equip. Aug-97 NEW CABLE LINES ETRALI
9 Cabling LUX 5700 Equip. and mach. JAN-97 CABLING DATA CABLING
9 Cabling LUX 5700 Equip. and mach. Jun-98 INV 1026922 FROM 5570 - SINGLE SIEMANS
SHELF/DUAL SHELF CABLE
9 Cabling CFI 5700 Equip. and mach. JAN-97 CABLES & BASE UNIT NETRIX CORP
9 Cabling CFI 5700 Equip. and mach. Jul-97 CABLING SERVICES DCS
9 Cabling CFI 5700 Equip. and mach. Feb-96 CABLING SERVICES DATA CABLING
9 Cabling CFI 5700 Equip. and mach. Jun-98 VARIOUS CARDS/CABLES 4652 CERTACOM
9 Cabling CFI 5700 Equip. and mach. Jul-97 CABLING SERVICES DCS
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 1017 (PART OF ACCRUAL IN 6600) DATACABLING
9 Cabling CFI 5700 Equip. and mach. MAR 96 CABLING INFRASTRUCTURE DATA CABLING SERVS
9 Cabling LUX 5600 Computer Equip. Aug-97 CABLING DATACABLING
9 Cabling CFI 5700 Equip. and mach. Jul-97 CABLING SERVICES DCS
1 4,420 1,901
1 2,732 1,749
1 8,677 1,909
1 3,479 1,496
1 6,970 1,533
1 6,811 1,498
1 2,809 1,208
1 2,581 1,110
1 4,953 1,090
1 4,733 1,041
1 4,733 1,041
1 3,867 851
1 3,839 845
1 2,709 596
1 14,580 0
1 3,748 0
1 0
601,981 205,791
9 24,872 27,985
9 31,907 28,881
9 17,588 19,789
9 13,674 12,377
9 16,402 11,402
9 6,968 7,841
9 8,026 7,264
9 7,307 6,614
9 23,588 11,444
9 4,162 4,683
9 5,272 4,772
9 4,690 4,245
9 16,734 8,119
9 4,385 3,969
9 3,205 2,901
</TABLE>
28
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C>
9 Cabling CFI 5700 Equip. and mach. APR-96 CABLING INFRASTRUCTURE
9 Cabling CFI 5700 Equip. and mach. Jul-97 CABLING SERVICES
9 Cabling CFI 5600 Computer Equip. Jun-97 CABLES AND EQUIP
9 Cabling CFI 5700 Equip. and mach. Jul-97 CABLING SERVICES
9 Cabling CFI 5700 Equip. and mach. Sep-95 MISCELLANEOUS EQUIPMENT
9 Cabling CFI 5700 Equip. and mach. Sep-95 MISCELLANEOUS EQUIPMENT
9 Cabling CFI 5700 Equip. and mach. Oct-95 MISCELLANEOUS WORK
9 Cabling CFI 5700 Equip. and mach. Aug-95 INSTALL FIBRE OPTIC CABLES
9 Cabling CFI 5600 Computer Equip. Jul-97 HUB EXPANSION CABLE
9 Cabling LUX 5700 Equip. and mach. JAN-97 ELECTRICAL INSTALLATION
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 941
9 Cabling CFI 5600 Computer Equip. DEC-96 10 FOOT MALE CABLE x 60
9 Cabling CFI 5700 Equip. and mach. Nov-95 INSTALL CAT 5 CABLING INFRASTRUCT
9 Cabling CFI 5700 Equip. and mach. Feb-96 CABELING
9 Cabling CFI 5600 Computer Equip. Jun-97 EQUIPMENT
9 Cabling CFI 5700 Equip. and mach. Jul-97 CABLING SERVICES
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 944
9 Cabling CFI 5700 Equip. and mach. Jan-98 CABLING PARTS
9 Cabling CFI 5600 Computer Equip. Jun-97 EQUIPMENT
9 Cabling CFI 5700 Equip. and mach. APR-96 SUP&INS CAT5 CAB TERM TO PATCH PANEL
9 Cabling CFI 5700 Equip. and mach. Nov-95 WORKS/EQUIP FOR EQUITY PROJECT
9 Cabling F'FURT 5700 Equip. and mach. May-97 CABLE FOR PANEL
9 Cabling CFI 5600 Computer Equip. Apr-97 10 FOOT MALE DTE X.21 CABLE
9 Cabling CFI 5600 Computer Equip. Feb-97 CABLING
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 946
9 Cabling CFI 5700 Equip. and mach. Feb-96 CABELING
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 1042
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 945
9 Cabling CFI 5700 Equip. and mach. Sep-95 MISCELLANEOUS EQUIPMENT
9 Cabling CFI 5600 Computer Equip. Feb-97
9 Cabling CFI 5700 Equip. and mach. Jan-96 CABLES
9 Cabling CFI 5600 Computer Equip. Apr-97 10 FOOT MALE DTE X.21 CABLE ]
9 DATA CABLING 4,399 3,058
9 DCS 2,728 2,469
9 DCS 2,578 2,333
9 DCS 2,060 1,865
9 DATA CAB 5,973 2,898
9 DATA CAB 5,440 2,639
9 DATACA 5,121 2,484
9 ECOM 5,000 2,426
9 SIEMAN 1,313 1,188
9 BRUCHER SA 2,004 1,393
9 DATACABLING 1,875 1,303
9 SIEMEN 1,715 1,192
9 ECOM 3,876 1,880
9 DATA CABLING SERVICES 3,742 1,816
9 DATA CABLING SERVICES 997 902
9 DCS 952 862
9 DATACABLING 1,297 902
9 DATAFO 581 638
9 DATA CABLING SERVICES 726 657
9 ECOM 1,133 786
9 ECOM 2,270 1,101
9 MKI 539 488
9 SIEMENS 473 428
9 DATACA 471 426
9 DATACABLING 710 494
9 DATA CABLING SERVICES 1,608 780
9 DATACABLING 691 480
9 DATACABLING 668 464
9 DATACAB 1,474 715
9 DATACA 618 430
9 BTPRESS 1,399 679
9 SIEMENS 355 321
</TABLE>
29
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C>
9 Cabling CFI 5700 Equip. and mach. Jul-97 CABLING SERVICES
9 Cabling CFI 5600 Computer Equip. Apr-97 10 FOOT MALE DTE X.21 CABLE
9 Cabling CFI 5700 Equip. and mach. Oct-95 MISCELLANEOUS WORK
9 Cabling CFI 5700 Equip. and mach. JUL-96 12 INCH CABLE TRAY
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 1025
9 Cabling CFI 5700 Equip. and mach. JUL-96 FIBRE OPTIC ST MEDIA CONVECTORS x 6
9 Cabling CFI 5600 Computer Equip. Jun-97 MAINS LEADS
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 942
9 Cabling CFI 5600 Computer Equip. JAN-97 CABLES 1024
9 Cabling CFI 5700 Equip. and mach. MAR-97 10 FOOT MALE DTE CABLE
9 Cabling CFI 5700 Equip. and mach. Jun-95 MULTIMODE FIBRECORES
9 Cabling CFI 5700 Equip. and mach. Aug-95 CW 1308 INT TELEPHONE CABLE
9 Cabling CFI 5700 Equip. and mach. MAR 96 INSTALL CABLING
9 Cabling LUX 5700 Equip. and mach. Jul-97 INSTALL CABLES
9 Cabling CFI 5700 Equip. and mach. Feb-96 VGA VIDEO EXT CABLE
9 Cabling CFI 5700 Equip. and mach. MAR 96 CABLING INFRASTRUCTURE
9 Cabling CFI 5700 Equip. and mach. Nov-95 VGA VIDEO EXT CABLE
9 Cabling CFI 5700 Equip. and mach. Oct-95 INSTALL VIDEO/KEYBOARD CABLES
9 Cabling CFI 5700 Equip. and mach. Sep-95 TELEPHONE CABLE
9 Cabling CFI 5700 Equip. and mach. MAR 96 INSTALL CABLING
9 Cabling CFI 5700 Equip. and mach. MAR 96 CABLING INFRASTRUCTURE
9 Cabling CFI 5700 Equip. and mach. Oct-95 CW1308 50 PAIR & EARTH
9 Cabling CFI 5600 Computer Equip. Apr-97 E1 CABLES
9 Cabling CFI 5700 Equip. and mach. Dec-94 DRUMS OF CABLE
9 Cabling CFI 5700 Equip. and mach. Sep-94 FIBRE OPTICS AND FLYLEADS
9 Cabling CFI 5700 Equip. and mach. Apr-94 8 X 50M TELCO CONNECTING LEADS
9 Cabling CFI 5700 Equip. and mach. Dec-94 RJ45 CAT 5 FLYLEADS
9 Cabling CFI 5700 Equip. and mach. Nov-94 TELECOMMUNICATION CABLE
CABLING TOTAL 75 ITEMS
10 Network Equip. F'FURT 5700 Equip. and mach. Jun-98 INSTALLATION PROJECT MANAGEMENT
10 Network Equip. CFI 5600 Computer Equip. DEC-96 ETHERNET /SERIAL/BRI ROUTER x 36
10 Network Equip. CFI 5600 Computer Equip. OCT-96 625-7 HP OPENVIEW NETWORK NODE
MANAGER & EQUIPMENT
10 Network Equip. CFI 5600 Computer Equip. Jul-97 SUPPLY NETWORK MAINTENANCE
9 DCS 341 308
9 SIEMENS 336 304
9 DATACA 1,156 561
9 CARRINGTONS 481 334
9 DATACABLING 471 327
9 ECOM 457 318
9 DATAFORM INSTALL 282 256
9 DATACABLING 435 302
9 DATACABLING 408 284
9 SIEMENS 338 235
9 ECOM 736 357
9 DACOM 701 340
9 DATA CABLING 689 334
9 GERTRONICS 167 151
9 BLACKBOX 545 265
9 DATA CABLING 541 263
9 BLACKB 443 215
9 PRECIS 413 200
9 DACOM 373 181
9 DATA CABLING 351 170
9 DATA CABLING 348 169
9 1STCONN 343 166
9 SIEMENS 72 65
9 BME 2,326 0
9 ECOM 444 0
9 BME 386 0
9 BME 2,525 0
9 INCOMM 533 -27
270,206 208,863
10 SIEMANS 180,024 154,821
10 SIEMEN 191,388 122,488
10 SIEMENS 234,767 100,950
10 SIEMAN 54,457 34,852
</TABLE>
30
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C> <C>
10 Network Equip. CFI 5700 Equip. and mach. MAR 96 CLIENT DISTRIBUTION NETWORK
10 Network Equip. CFI 5600 Computer Equip. DEC-96 ETHERNET /SERIAL/BRI ROUTER
10 Network Equip. CFI 5700 Equip. and mach. Sep-95 3COM ETHERLINK III
10 Network Equip. CFI 5600 Computer Equip. Oct-98 SUN MODULE/DISK/ULTRA 90052890
10 Network Equip. CFI 5700 Equip. and mach. APR-96 SUP&INST 96 CORES 1ST FL & BASEMENT
10 Network Equip. MILAN 5600 Computer Equip. Jun-98 ETHERNET ADAPTOR 980103563A
10 Network Equip. CFI 5700 Equip. and mach. May-96 OPENVIEW NETWORK NODENW NODE
10 Network Equip. CFI 5600 Computer Equip. Dec-97 NETWORK CONNECTIONS EQUIP
10 Network Equip. CFI 5700 Equip. and mach. Jan-96 IBM TCP/IP x 18 & 3COM x 3
10 Network Equip. F'FURT 5700 Equip. and mach. FEB-97 BRIDGING/INTERFACE CARDS
10 Network Equip. CFI 5700 Equip. and mach. JUN-96 ETHERNET BRI ROUTER & IOS FEATURE SET
10 Network Equip. CFSNC 5600 Computer Equip. Mar-99 PARIS CDS DISTRIBUTION SERVERS-SUN ULTRA
10 Network Equip. CFI 5600 Computer Equip. SEP-96 ALPHA STATION / VAX STATION / DEC
STORAGE WORKS etc
10 Network Equip. CFI 5600 Computer Equip. SEP-96 ETHERNET ROUTER AND CABLES
10 Network Equip. CFI 5700 Equip. and mach. Jul-98 NETWORK COST 5002
10 Network Equip. CFI 5700 Equip. and mach. Sep-95 3COM ETHERLINK III
10 Network Equip. CFI 5700 Equip. and mach. JUN-96 ETHERNET BRI ROUTER
10 Network Equip. CFI 5600 Computer Equip. Jul-97 ENET 14 HUB PTS \21 CABLE
10 Network Equip. CFI 5600 Computer Equip. Jul-97 ENET 14 HUB PTS \21 CABLE
10 Network Equip. CFI 5700 Equip. and mach. Jul-97 DUAL AC POWER SUPPLY OPTION
10 Network Equip. LUX 5600 Computer Equip. Dec-96 ETHERNET/SERIAL/BRI ROUTER
10 Network Equip. MILAN 5600 Computer Equip. Nov-97 NETWORK EQUIP
10 Network Equip. CFI 5600 Computer Equip. May-97 SOLAR MGMT BUNDLE
10 Network Equip. CFI 5600 Computer Equip. Dec-97 NETWORK CONNECTIONS EQUIP
10 Network Equip. F'FURT 5600 Computer Equip. JAN-97 ETHERNET ROUTER AND CABLES
10 Network Equip. CFI 5600 Computer Equip. Apr-98 UPGRADE CUST/DOMESTIC OU &
CISCO WORKS OP/1023004
10 Network Equip. CFI 5600 Computer Equip. DEC-96 ETHERNET /SERIAL/BRI ROUTER
10 Network Equip. CFI 5600 Computer Equip. NOV-96 IOS IP FEATURE SET &
ETHERNET/SERIAL/BRI ROUTER
10 Network Equip. CFI 5600 Computer Equip. Nov-95 1300P-120T 12 PORT HUB
WITH TRANSCEIVER
10 Network Equip. CFI 5600 Computer Equip. Jan-98 REPLACE PAIR OF ROUTERS
10 Network Equip. CFI 5600 Computer Equip. Dec-97 MULTIPROTOCOL ROUTER
10 Network Equip. CFI 5700 Equip. and mach. May-96 CISCIWORKS FOR HP OPENVIEW
10 Network Equip. CFI 5700 Equip. and mach. Sep-95 324T 24 PORT CONCENTRATORS
10 SIEMENS 182,094 40,061
10 SIEMEN 49,125 31,440
10 COMPU 161,281 35,482
10 MORSE 26,773 23,025
10 ECOM 37,092 15,950
10 INFO PRODUCTS 14,476 12,449
10 SIEMEN 29,485 12,678
10 DATA GUARDIAN 17,144 10,972
10 COMPU4 60,028 13,206
10 ACL 24,726 10,632
10 SIEMENS 24,623 10,588
10 MORSE 9,236 9,606
10
KELTEC 23,618 10,156
10 SIEMENS NETWORK 21,142 9,091
10 CERTACOM 9,566 8,227
10 COMPU 45,821 10,081
10 SIEMEN 19,662 8,455
10 SIEMAN 8,485 7,297
10 SIEMAN 8,485 7,297
10 SIEMAN 11,689 7,481
10 SIEMENS 18,052 7,762
10 SIEMANS 11,482 7,348
10 SIEMEN 9,972 6,382
10 AVT 9,477 6,065
10 SIEMENS 14,341 6,167
10
SIEMAN 5,719 4,918
10 SIEMEN 12,326 5,300
10
SIEMENS 12,281 5,281
10
CASTLE 4,610 4,656
10 DCS 7,521 4,813
10 SIEMAN 8,427 4,822
10 SIEMEN 10,804 4,646
10 CASTLE 20,750 4,565
</TABLE>
31
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C> <C>
10 Network Equip. CFSNC 5600 Computer Equip. Mar-99 CUSTOMER ROUTERS FOR
ROLLOUT PROJECT
10 Network Equip. CFI 5600 Computer Equip. Sep-94 DISTRUBUTED SNIFFER SYSTEM
10 Network Equip. CFI 5600 Computer Equip. DEC-96 COMPUTER SWITCHING EQUIP
10 Network Equip. CFI 5600 Computer Equip. Dec-98 Siemen inv 1041799
Oct 98 comp equip 1041799
10 Network Equip. CFI 5600 Computer Equip. Apr-98 CISC02516 ENET/DUAL
SER/ISDN/FEATURE SET OP/1030180
10 Network Equip. CFI 5600 Computer Equip. Mar-98 CISCO 2503 ROUTERS
10 Network Equip. CFI 5700 Equip. and mach. Jun-98 DCC DATA CARD OP/1032454
10 Network Equip. CFI 5600 Computer Equip. Oct-97 SERVER SWITCH AND CABLES
10 Network Equip. CFI 5600 Computer Equip. Feb-97 CABLING
10 Network Equip. CFI 5600 Computer Equip. Dec-97 NETWORK CONNECTIONS EQUIP
10 Network Equip. CFI 5600 Computer Equip. AUG-96 MULTINET FOR ALPHA SERVER/
STATION/ VAX STATION
10 Network Equip. CFI 5600 Computer Equip. AUG-96 SPARCWORKS C++
VERSION 4.1 SLIM KIT x3
10 Network Equip. CFI 5600 Computer Equip. JAN-97 DUAL SERIAL ROUTER
10 Network Equip. CFI 5700 Equip. and mach. NOV-96 13 STACKABLE MINIHUBS
10 Network Equip. CFI 5600 Computer Equip. MAR-97 ETHERLINK/IBM PC330
10 Network Equip. CFI 5600 Computer Equip. Jul-97 DUAL SERIAL ROUTER
10 Network Equip. CFSNC 5600 Computer Equip. Jul-98 ETHERNET / MEMORY EXPANSION
10 Network Equip. PARIS 5600 Computer Equip. Jul-98 ETHERNET/MEMORY EXPANSION
10 Network Equip. CFI 5600 Computer Equip. Dec-97 SERIAL ROUTER
10 Network Equip. CFI 5700 Equip. and mach. Nov-95 IBM TCP/IP BASE KIT DUA*5
10 Network Equip. CFI 5600 Computer Equip. DEC-96 IOS FEATURE SET
10 Network Equip. CFI 5600 Computer Equip. Feb-97 UNIX INSTILLATION & CONFIG
10 Network Equip. CFI 5600 Computer Equip. Jan-98 MULTI PROCTOCOL ROUTER
10 Network Equip. CFI 5600 Computer Equip. SEP-96 CABINET & SUNDRY ITEMS FOR
LAN UPGRADE
10 Network Equip. CFI 5600 Computer Equip. Jul-97 IP ONLY FEATURE SET BRI ROUTER
10 Network Equip. CFI 5600 Computer Equip. AUG-96 ETHERNET ROUTER
10 Network Equip. CFI 5700 Equip. and mach. JUL-96 APS CONFIGERATION
10 Network Equip. CFI 5600 Computer Equip. DEC-96 AU1 TO 10 BASE 2 TRANSCIEVERS
10 Network Equip. CFI 5600 Computer Equip. Jul-97 12 PORT PATCH PAN & TELCO CABLE
10 Network Equip. F'FURT 5600 Computer Equip. Jul-98 ETHERNET / MEMORY EXPANSION
10 Network Equip. MILAN 5600 Computer Equip. Jul-98 ETHERNET/MEMORY EXPANSION 980200465A
10 Network Equip. F'FURT 5600 Computer Equip. JAN-97 24 PORT FMS II HUBS X2 AND
CONSOLE CABLE
10 SIEMENS NETWORK 3,438 3,472
SYSTEMS LTD
10 NET GEN 20,282 4,462
10 NC INC 8,379 3,603
10 SIEMAN 3,846 3,308
10 SIEMAN 3,188 3,220
10 SIEMAN 5,110 3,271
10 SIEMAN 3,047 3,077
10 BLACKB 5,232 2,994
10 DATACA 4,593 2,940
10 SMC 4,427 2,833
10 INTERNET 6,690 2,877
10 SIEMENS 6,506 2,798
10 SIEMEN 6,458 2,777
10 BLACKBOX 6,314 2,715
10 INFO 4,002 2,561
10 SIEMAN 3,784 2,422
10 INFO PRODUCTS 2,701 2,323
10 INFO PRODUCTS 2,701 2,323
10 SIEMAN 3,401 2,177
10 COMPU 12,187 2,681
10 SIEMEN 3,244 2,076
10 SIEMEN 3,223 2,063
10 SIEMAN 3,210 2,055
10 ECOM TECHNICAL LTD 5,031 2,163
10 SIEMAN 3,180 2,035
10 SIEMENS 4,901 2,108
10 SIEMEN 4,040 1,737
10 ECOM 4,024 1,730
10 SIEMAN 2,523 1,614
10 INFO PRODUCTS 1,801 1,549
10 INFO PRODUCTS 1,801 1,549
10 CASTLETON 3,858 1,659
</TABLE>
32
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C>
10 Network Equip. CFI 5700 Equip. and mach. Nov-95 INSTALL IMRAK 1400
10 Network Equip. CFI 5600 Computer Equip. May-95 MICROVAX/DEC THINWIRE ETHERNET
10 Network Equip. F'FURT 5700 Equip. and mach. JAN-97 HUB EXPANSION CABLE
10 Network Equip. CFI 5600 Computer Equip. JAN-97 IDS FEATURE SET
10 Network Equip. CFI 5600 Computer Equip. Mar-98 SERVSWITCH JR4-PORT MOUSE CABLE 10
10 Network Equip. CFI 5700 Equip. and mach. May-95 SPKR/AMP GEY F/S
10 Network Equip. CFI 5700 Equip. and mach. Apr-95 PINACL COAXIAL/KEYBOARD/RBG
COAX TO VIDEO
10 Network Equip. CFI 5700 Equip. and mach. Nov-95 24 PORT CONCENTRATOR
10 Network Equip. CFI 5600 Computer Equip. Dec-97 NETWORK CONNECTIONS EQUIP
10 Network Equip. CFI 5600 Computer Equip. Nov-95 ALPHASTATION 200
10 Network Equip. CFI 5600 Computer Equip. JUL-96 WIRE ETHERNET TRANCIEVERS
10 Network Equip. CFI 5600 Computer Equip. Jul-97 3C16671A -UK LINKBUILDER
10 Network Equip. CFI 5600 Computer Equip. NOV-96 AUI TO 10 BASE 2 TRANSCEIVERS x30
10 Network Equip. CFI 5700 Equip. and mach. Feb-96 324t, 24 PORT CONNECTORS x 2
10 Network Equip. CFI 5600 Computer Equip. SEP-96 AUI TO 10 BASE 2 TRANSCEWERS (x30)
& T TR'SCEWERS (x20)
10 Network Equip. CFI 5600 Computer Equip. NOV-96 DUPLEX ST-ST FIBRE OPTIC FLY LEAD x50
10 Network Equip. CFI 5700 Equip. and mach. Nov-95 SUPPLY & TERMINATE 32 UTP OUTLETS
10 Network Equip. CFI 5600 Computer Equip. OCT-96 INSTALLATION OF CISCO SYSTEMS
10 Network Equip. CFI 5600 Computer Equip. Feb-96 LOBEPROBE 3 & ETHERNET MONITOR
10 Network Equip. CFI 5600 Computer Equip. Jul-95 8 CHANNEL KIT & CABLE/MGMT SOFTWARE
10 Network Equip. CFI 5700 Equip. and mach. Aug-95 ADAPTERS
10 Network Equip. CFI 5600 Computer Equip. May-97 10 CLASS C IP ADDRESSES
10 Network Equip. CFI 5700 Equip. and mach. Oct-95 HUB MGMT MODULE/ETHERNET MOD
10 Network Equip. CFI 5600 Computer Equip. Dec-97 NETWORK CONNECTIONS EQUIP
10 Network Equip. CFI 5600 Computer Equip. Mar-95 MICROVAX AND DEC SERVER
10 Network Equip. CFI 5700 Equip. and mach. Oct-94 24 PORT WORK GROUP HUB
10 Network Equip. CFI 5700 Equip. and mach. Sep-94 NETWORK WITH DIN CONNECTOR
10 Network Equip. CFI 5700 Equip. and mach. Jun-94 NETWORK WITH DIN CONNECTOR
10 Network Equip. CFI 5700 Equip. and mach. Dec-94 N'WORK & DIN CONNECTOR /
LINE BUSY-RING
10 Network Equip. CFI 5700 Equip. and mach. Oct-94 PORT CONCENTARTOR
10 Network Equip. CFI 5700 Equip. and mach. Sep-94 NETWORK WITH 9 PIN D TYPE M
10 Network Equip. CFI 5700 Equip. and mach. Dec-94 SOLCOM LANROVER ETHERNET PROBE
10 ECOM 8,311 1,828
10 RESOLV 8,215 1,807
10 SIEMENS 3,290 1,415
10 SIEMEN 3,229 1,388
10 BLACKB 1,985 1,270
10 NETWOR 7,034 1,548
10
WADSWORTH 6,861 1,509
10 CASTLE 6,559 1,443
10 AVT 1,763 1,128
10 RESOLV 6,236 1,372
10 RESOLVE 2,442 1,050
10 SIEMAN 1,528 978
10 ECOM TECH SERVICES LTD 2,356 1,013
10 CASTLETON 5,431 1,195
10
ECOM TECHNICAL LTD 2,181 938
10 ECOM TECH SERVICES LTD 1,999 860
10 ECOM 4,537 998
10 SIEMENS 1,799 774
10 CASTLE 3,812 839
10 DATAGU 3,386 745
10 NETSOF 3,122 687
10 UUNET 794 508
10 CASTLE 2,507 551
10 SMC 508 325
10 RESOLV 67,508 0
10 CASTLETON 25,069 0
10 IPC 8,148 0
10 IPC 8,120 0
10
IPC 5,441 0
10 CASTLETON 5,326 0
10 IPC 4,814 0
10 MTI 4,120 0
</TABLE>
33
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C> <C>
10 Network Equip. CFI 5700 Equip. and mach. Jul-94 24 PORT STACKABLE HUB
10 Network Equip. CFI 5700 Equip. and mach. Apr-94 6 X 16 PORT RJ45 PANEL
10 Network Equip. CFI 5700 Equip. and mach. Apr-94 VARIOUS EQUIPMENT INV 021002
10 Network Equip. CFI 5700 Equip. and mach. Sep-94 BICC CAT 5 UTP PATCH CORD
10 Network Equip. CFI 5700 Equip. and mach. Nov-94 4 HUB 324T 24 PORT CONCENTRATOR
NETWORK EQUIP. 106 ITEMS
TOTAL
12 General Software CFI 5620 Computer Equip. Mar-99 LICENCE FEE FOR GLOSS HV
EMU CHANGES
12 General Software CFI 5620 Computer Equip. Sep-97 UPGRADE
12 General Software F'FURT 5620 Computer Equip. Sep-97 SOFTWARE PRODUCTS
12 General Software CFI 5600 Computer Equip. Oct-97 PURCHASE OF NEW LICENCE FOR
VAX/TCPIP RS/6000
12 General Software CFI 5620 Computer Equip. Apr-99 Fee for EMU conversion tools 9902/354
12 General Software CFI 5600 Computer Equip. NOV-96 VARIOUS MS WINDOWS SOFTWARE
AND SERVERS
12 General Software CFI 5620 Computer Equip. Apr-99 XetraP feed handler -
Final 50 % payment 9803
12 General Software CFI 5600 Computer Equip. NOV-96 LICENCE FOR FIDESSA PC AND
VARIOUS FIDESSA EQUIPMENT
12 General Software CFI 5620 Computer Equip. Mar-99 UPGRADE OF GLOSSLINK IN
RELATION TO EMU
12 General Software CFI 5620 Computer Equip. Apr-99 Eurex DTB feed handler for TTRS 162
12 General Software CFI 5700 Equip. and mach. FEB-97 SOFTWARE LICIENCE
12 General Software CFI 5620 Computer Equip. Sep-98 LICENSE FEE FOR ROBOMON
12 General Software CFI 5600 Computer Equip. Oct-97 ANNUAL SOFTWARE LICENCE
MAINTENANCE FEE
12 General Software CFI 5600 Computer Equip. MAR-96 ARROW SOFTWARE LICIENCE DEPOSIT
12 General Software CFI 5600 Computer Equip. Apr-98 ARROW UPGRADE FROM D4F TO G1 CSM325
12 General Software CFI 5620 Computer Equip. Jun-99 LICENSE FEE FOR ROBOMON
AUTOMATION ONLY TO 5304
RUN ON 2xALPHASERVER 4100'S
12 General Software CFI 5620 Computer Equip. May-99 XetraP feed handler -
Initial 25 % payment 9801
12 General Software CFI 5620 Computer Equip. May-99 XetraP feed handler - 9802
second 25% % payment
12 General Software CFI 5620 Computer Equip. Mar-97 CONSORT CONGO SOFTWARE
12 General Software CFI 5620 Computer Equip. Apr-99 46020 Rel 1. Delegate 1049476
s/ware licence
10 CASTLE 3,559 0
10 COMSOL 2,006 0
10 CI NETWORKS 3,776 0
10 ECOM 2,387 0
10 CASTLE 10,652 -533
1,988,885 886,820
12 Wilco International Ltd 55,598 47,814
12 NEWBRI 71,666 45,866
12 REALTIME SYSTEMS AG 49,210 31,494
12 STERLI 47,245 27,037
12 Wilco International Ltd 24,463 24,708
12 COMPUTACENTER 51,411 22,107
12 DIGIFEED CONSULTANTS 19,062 19,253
LTD CFI/XETRA-
12 INTERCOM DATA SYSTEMS 44,627 19,189
PLC
12 Wilco International Ltd 19,062 16,393
12 JONATHON PINNOCK & 15,885 16,044
ASSOCIATES
12 DOW JONES 36,532 15,709
12 HEROIX 15,409 13,251
12 CITMAX 22,566 12,914
12 CITIMAX 71,126 15,648
12 CITMAX 14,117 12,141
12 HEROIX 10,802 10,910
12 DIGIFEED CONSULTANTS 9,531 9,626
LTD CFI/XETRA-
12 DIGIFEED CONSULTANTS 9,531 9,626
LTD CFI/XETRA-
12 21,489 9,240
12 SIEMENS NETWORK 7,486 7,561
SYSTEMS LTD
</TABLE>
34
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C> <C>
12 General Software MILAN 5620 Computer Equip. May-99 PROMOTIO SOFTWARE V00063
12 General Software CFI 5600 Computer Equip. Jul-97 LICENCE FEE FOR
ROBOMON SOFTWARE
12 General Software CFI 5600 Computer Equip. OCT-96 MS OFFICE FOR WINDOWS AND
4x4MB GRAPHICS CARDS
12 General Software CFI 5620 Computer Equip. Jun-99 X2 OTC-CALCULATOR 98 LICENSES 9902
(INCL WRITING OF PROGRAMME)
12 General Software CFI 5620 Computer Equip. Jun-99 X2 OTC-CALCULATOR 98 LICENSES 9902
(INCL WRITING OF PROGRAMME)
12 General Software CFI 5600 Computer Equip. Aug-97 LICENCE FOR SETS
12 General Software CFI 5620 Computer Equip. Jun-99 LICENSE FEE FOR ROBOMON UNIX 5304
SOFTWARE TO RUN ON 1xSUN E3500
12 General Software CFI 5600 Computer Equip. OCT-96 WINDOWS NT WORKSTATION x40
AND LICENSES x40
12 General Software CFSNC 5620 Computer Equip. Jun-98 ADFIN SUITE FOR EXCEL
12 General Software CFI 5620 Computer Equip. Sep-98 LOTUS CC MAIL INCIDENT PACK
12 General Software CFI 5700 Equip. and mach. Dec-95 PERSONNEL FOR WINDOWS
12 General Software CFI 5600 Computer Equip. Jul-97 SOFTWARE MAINTENANCE
12 General Software CFI 5600 Computer Equip. JAN-97 CC MAIL UPGRADES
12 General Software CFI 5600 Computer Equip. Nov-97 PURC OF COMPUTER PROGRAM
12 General Software CFI 5620 Computer Equip. Jun-99 LICENSE FEE FOR ROBOMON
FOR WINDOWS NT 5304
SOFTWARE TO RUN ON 2xNT
SERVER 4100'S
12 General Software F'FURT 5700 Equip. and mach. Jun-97 MICROSOFT EXCEL
12 General Software CFI 5700 Equip. and mach. Jan-96 VOL SHADOWING VMS LICIENCE x 18
12 General Software LUX 5600 Computer Equip. Oct-97 BONDS AND OPTIONS FOR EXCEL
12 General Software CFI 5700 Equip. and mach. Oct-95 LICENCE FEE FOR ROBOMON
12 General Software CFI 5600 Computer Equip. Sep-97 SOFTWARE
12 General Software CFI 5600 Computer Equip. Jan-96 MICROVAX 3100 MODEL 40 & LICIENCE
12 General Software CFI 5600 Computer Equip. Jan-98 SOFTWARE SUPPORT
12 General Software CFI 5620 Computer Equip. Jun-99 VAT POSTED IN ERROR
12 General Software PARIS 5600 Computer Equip. Jan-98 FINANCIAL SOFTWARE
12 General Software CFI 5700 Equip. and mach. May-96 MONARCH FOR WINDOWS
12 General Software CFI 5600 Computer Equip. SEP-96 MONARCH FOR WINDOWS x2
12 General Software CFI 5600 Computer Equip. DEC-96 VARIOUS SOFTWARE APPLICATIONS
12 General Software CFI 5600 Computer Equip. Jan-98 NETSCAPE COMMUNICATOR
12 General Software CFI 5600 Computer Equip. JAN-97 MS WINDOWS NT
12 PROMOTIO 7,128 7,296
12
HEROIX 11,825 7,568
12
INFO PRODUCT UK 18,292 7,865
12 SCHMIHO 6,989 7,059
12 SCHMIHO 6,989 7,059
12 ROYBLU 11,003 7,042
12 HEROIX 6,672 6,738
12
INFO PRODUCT UK 16,289 7,004
12 MARVIN SOFTWARE 6,989 6,011
12 COMPUTCENTER 6,831 5,874
12 PETERBOROUGH 33,400 7,348
12 TELERA 8,958 5,733
12 COMPU 13,610 5,852
12 3V FINANCE 7,974 5,063
12
HEROIX 3,812 3,851
12 MOOSMULLER 5,844 3,740
12 CSF SYSTEMS 20,502 4,510
12 MARVIN 5,592 3,579
12 HEROIX 17,381 3,824
12 MAMDOUH BARAKAT 4,665 2,985
12 RESOLVE 16,848 3,707
12 ESSENT 4,103 2,626
12 VAT POSTED IN ERROR 2,237 2,371
12 MUREZ 3,847 2,462
12 INFO SYSTEMS 5,078 2,183
12 COMPUTACENTER 5,027 2,162
12 COMPUTACENTER 4,733 2,035
12 COMPUTER CENTRE 2,691 1,722
12 COMPUCENTRE 3,690 1,587
</TABLE>
35
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C> <C>
12 General Software PARIS 5600 Computer Equip. Jul-98 MS OFF / MS WIN LICENSE
12 General Software CFI 5700 Equip. and mach. JUN-96 CC MAIL
12 General Software CFI 5600 Computer Equip. NOV-96 REFLECTIONS x3 MS OFFICE V4.2 x2
12 General Software MILAN 5620 Computer Equip. Aug-98 PROMOTIO SOFTWARE 728
12 General Software CFI 5700 Equip. and mach. JAN-97 PROMOTIO SISTEMI
12 General Software CFI 5600 Computer Equip. AUG-96 MS EXCEL FOR WINDOWS
12 General Software CFI 5600 Computer Equip. AUG-96 SYBASE SQR REPORT WRITER x2
12 General Software CFI 5600 Computer Equip. JUL-96 CC MAIL FOR WINDOWS
12 General Software CFI 5600 Computer Equip. Apr-97 INSTALL BLOOMBERG
12 General Software CFI 5700 Equip. and mach. Feb-96 HCL EXCEED FOR OS/2 10 USER
12 General Software CFI 5600 Computer Equip. Feb-97 MS WINDOWS
12 General Software CFI 5700 Equip. and mach. May-96 LOTUS CC MAIL
12 General Software CFI 5700 Equip. and mach. JUN-96 SWEEP NT I386 FS 25+
12 General Software CFI 5620 Computer Equip. Jun-99 ADDITIONS TO ANALYSE
12 General Software CFI 5620 Computer Equip. Jun-99 ADDITIONS TO ANALYSE
12 General Software CFI 5700 Equip. and mach. MAR 96 LOTUS CC MAIL
12 General Software CFI 5700 Equip. and mach. Sep-95 MS ACCESS V2.O FOR WIN MLP 1U LIC
12 General Software CFI 5600 Computer Equip. Jan-96 DEC SERVER & DNAS LICIENCE
12 General Software CFI 5600 Computer Equip. May-95 DEC SERVER/DNAS LICENSE
12 General Software CFI 5600 Computer Equip. Jan-96 DEC SERVER & DNAS LICIENCE
12 General Software CFI 5700 Equip. and mach. Dec-95 MS VISUAL BASIC x 3
12 General Software CFI 5700 Equip. and mach. Aug-95 UNIVERSAL YIELD ADD-IN
12 General Software CFI 5700 Equip. and mach. Oct-95 MS EXCEL V5 FOR WINDOWS
12 General Software CFI 5600 Computer Equip. Apr-97 WINFAX PRO V4.0 FOR WINDOWS
12 General Software CFI 5700 Equip. and mach. Mar-95 MS OFFICE STD
12 General Software CFI 5700 Equip. and mach. Feb-95 MICROVAX 3100 MODEL / DEC
USER LICENCE
12 General Software CFI 5700 Equip. and mach. Sep-94 MS EXCEL FOR WINDOWS
12 General Software CFI 5700 Equip. and mach. Mar-95 MS OFFICE STD
12 General Software CFI 5700 Equip. and mach. Nov-94 MICROSOFT EXCEL FOR WINDOWS
12 General Software CFI 5600 Computer Equip. Jan-98 CORNERSTONE UPGRADE AND LICENCES
GENERAL SOFTWARE 79 ITEMS
TOTAL
14 Server CFI 5700 Equip. and mach. May-96 ALPHA SERVER 2100 & RACKMOUNT
ALPHA SERVER
14 Server CFI 5600 Computer Equip. SEP-96 DIGITAL ALPHA SERVER AND
VARIOUS OTHER EQUIPMENT
12 COMPUTERCENTRE 1,685 1,449
12 COMPUTERCENTRE 3,486 1,499
12 COMPUTACENTER 3,239 1,393
12 PROMOTIO 1,490 1,282
12 PROMOTIO SOFTWARE 2,038 1,304
12 COMPUCENTRE 3,160 1,359
12 COMPUCENTRE 2,909 1,251
12 COMPUCENTRE 2,905 1,249
12 SAUNDERS DATA 1,671 1,069
12 INFO PRODUCTS LTD 5,534 1,218
12 COMPU 1,816 781
12 COMPUCENTRE 1,804 776
12 SOP HOS 1,612 693
12 UNKNOWN 595 601
12 UNKNOWN 595 601
12 COMPUSERVE 3,516 774
12 COMPU 3,327 732
12 RESOLVE 3,112 685
12 RESOLV 3,016 664
12 RESOLVE 3,005 661
12 COMPUTACENTRE 2,917 642
12 FINSYS 2,101 462
12 COMPU 1,812 399
12 COMPUTACENTER 103 66
12 CORPOR 20,120 0
12
RESOLV 14,389 0
12 COMPUTA 1,799 0
12 CORPOR 1,745 0
12 CORCOM 3,105 -155
12 CONCISE SOFTWARE 10,834 -1,083
LIMITED
995,252 543,757
14 KELTEC 212,705 91,463
14 CSF SYSTEMS 171,321 73,668
</TABLE>
36
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C> <C>
14 Server CFI 5600 Computer Equip. Jan-98 GLOSS DEV SERVERS
14 Server CFI 5600 Computer Equip. Jul-97 SYBASE SERVER SUN SOLARIS -
SUPPORT
14 Server CFI 5700 Equip. and mach. May-96 VAX 6620 256Mb, 128 Mb ECC
MEMORY MOD
14 Server CFI 5600 Computer Equip. Jul-98 SUN ULTRA ENTERPRISE 401580A
14 Server CFI 5600 Computer Equip. Jun-98 DECSERVER 700 TERMINAL SERVER
GMB SYS RAM DCC0358-243
14 Server CFI 5600 Computer Equip. Nov-95 DEC SERVER 700
14 Server CFI 5600 Computer Equip. AUG-96 ENTERPRISE SERVER
14 Server CFI 5700 Equip. and mach. Nov-95 SUN SPARCSTATION 20 * 3
14 Server CFI 5700 Equip. and mach. May-96 SPARC 110 TX 17"C 21Mb 1.05Gb x2
14 Server CFI 5600 Computer Equip. Feb-96 MICROVAX & DEC SERVER x 6
14 Server CFI 5600 Computer Equip. NOV-96 MOD 40 ADVANCED SERVERS x2
14 Server CFI 5700 Equip. and mach. JUL-96 MV3100 MOD 40 ADV SERVER
14 Server CFI 5600 Computer Equip. JUL-96 STINGRAY 11 SRCC CONTROLLER
14 Server CFI 5600 Computer Equip. NOV-96 UGS10-VBA9A-064ASUN ULTRA 170 UPGRADE
14 Server CFI 5600 Computer Equip. JAN-97 DEC NET OSI & MVAX 3100
14 Server CFI 5600 Computer Equip. SEP-96 VARIOUS ARCADA COMPUTER SERVERS
14 Server CFI 5600 Computer Equip. JAN-97 SUN TYPES UNIX KIT FOR LUX
14 Server CFI 5600 Computer Equip. JAN-97 NETFINITY SERVER
14 Server CFI 5600 Computer Equip. Jun-97 DSRVW - HC
14 Server CFI 5600 Computer Equip. Jun-97 2 NUMBER MULTINET
14 Server CFI 5700 Equip. and mach. APR-96 DEC SERVER x 5
14 Server CFI 5600 Computer Equip. Nov-95 DEC SERVER 700,16 PORT
14 Server CFI 5600 Computer Equip. Apr-97 2 NUMBER MULTINET FOR OPEN VMS
14 Server CFI 5600 Computer Equip. Jun-97 FLASHCARD AND DNAS
14 Server F'FURT 5600 Computer Equip. Dec-97 NEW SYSTEM XETRA 27.11 EQUITI
14 Server CFI 5600 Computer Equip. Jun-98 INSTALLATION OF COMPUTER PRODUCTS 90045593
14 Server CFI 5700 Equip. and mach. Sep-95 DECSERVER 700
14 Server CFI 5700 Equip. and mach. JUL-96 MV3100 MOD ADV SERVER
14 Server CFI 5600 Computer Equip. Nov-95 ALPHASTATION 200/DEC SERVER
14 Server CFI 5600 Computer Equip. NOV-96 DEC SERVER 700
14 Server CFI 5700 Equip. and mach. Nov-95 DEC SERVER 700*4/KME MONITORS*24
14 Server F'FURT 5600 Computer Equip. JAN-97 SIMMONS MAGEE SUN ULTRA M140
14 Server CFI 5600 Computer Equip. Jun-97 SUNSPARC WORKS PROF C4.0 SLIM KIT
14 INFO 73,008 62,787
14
SYBASE 60,630 38,803
14
CSF SYSTEMS 88,229 37,938
14 INFO 39,511 33,979
14
DATACOM CABLING 32,024 27,541
14 AVT 12,010 12,130
14 RESOLVE 30,554 13,138
14 RESOLV 69,127 15,208
14 MORSE 28,671 12,328
14 RESOLVE 51,675 11,368
14 RESOLVE 21,539 9,262
14 RESOLVE 21,455 9,226
14 MTI 20,449 8,793
14 RESOLVE 20,199 8,686
14 KELTEC 20,001 8,600
14 INFO PRODUCT UK 18,396 7,910
14 SIMMAG 17,669 7,597
14 COMPU 17,093 7,350
14 RESOLV COMPUTERS 10,478 6,706
14 IIS 9,001 5,761
14 AVT 12,172 5,234
14 RESOLV 27,898 6,138
14 IIS 7,201 4,609
14 RESOLV COMPUTERS 7,165 4,586
14 RTS 6,766 4,330
14 MORSE 4,676 4,021
14 SB SEVICES 22,484 4,946
14 RESOLVE 9,598 4,127
14 RESOLV 21,729 4,780
14 AVT SYSTEMS LIMITED 7,936 3,412
14 AVT 18,201 4,004
14 SIMMAG 6,022 2,589
14 SIMMONS MAGEE PLC 3,720 2,381
</TABLE>
37
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C>
14 Server CFI 5700 Equip. and mach. Oct-95 DEC SERVER 700
14 Server CFI 5600 Computer Equip. Jun-97 DSRVW - HC
14 Server CFI 5600 Computer Equip. NOV-96 TRF FROM SNC
14 Server CFI 5600 Computer Equip. Feb-96 DEC SERVER 700.16 PORT RJ45 x 4
14 Server CFI 5600 Computer Equip. JAN-97 SERVER FOR SYSTEMS
14 Server CFI 5600 Computer Equip. Jan-98 VIDEO SPLITTER AND CABLE
14 Server CFI 5700 Equip. and mach. May-96 DATA BROADCAST UNIT x 6
14 Server CFI 5700 Equip. and mach. Jan-96 DECSERVER 700 x 4
14 Server CFI 5700 Equip. and mach. Oct-95 COMPAQ DAT DRIVE/SERVERS
14 Server CFI 5600 Computer Equip. May-97 VAX/VMS CONSOLE
14 Server CFI 5700 Equip. and mach. Sep-95 DEC SERVER 700 DELIVERY
14 Server CFI 5600 Computer Equip. Jan-98 CONNECTIVITY TO REUTERS SESSION SERVER
14 Server CFI 5600 Computer Equip. Jan-96 ALPHASTATION 200 32MB & DEC SERVER
14 Server CFI 5600 Computer Equip. AUG-96 SERVER PACK x4
14 Server CFI 5700 Equip. and mach. JUL-96 REMOTE STATUS PANELS x 3
14 Server CFI 5600 Computer Equip. DEC-96 ISDN DUAL SERVER
14 Server CFI 5600 Computer Equip. Mar-98 SOLARIS 2.6 SYSTEMS ADMIN COUNTER
LEVEL 2
14 Server CFI 5600 Computer Equip. SEP-96 SUN INTERNAL DISK x2 / SUN SUNSWIFT
SBUS ADAPTER
14 Server F'FURT 5700 Equip. and mach. JAN-97 KUM SERVESWITCH 16 TO 1/10"
MOUSE CABLE X16
14 Server CFI 5600 Computer Equip. Feb-96 DEC SERVER 700.16 PORT RJ45 x 2
14 Server CFI 5600 Computer Equip. Apr-95 DEC SERVER / DNAS LICENCE
14 Server CFI 5600 Computer Equip. Feb-96 DEC SERVER 700.16
14 Server CFI 5700 Equip. and mach. JUN-96 DEC SERVER 700
14 Server CFI 5600 Computer Equip. JUL-96 DEC SERVER 700
14 Server CFI 5700 Equip. and mach. APR-96 DEC SERVER
14 Server CFI 5700 Equip. and mach. JUN-96 WORK STATION & SERVER
14 Server CFI 5600 Computer Equip. AUG-96 MS W3 NT SERVER
14 Server CFI 5600 Computer Equip. JUL-96 MS W3 SERVER 3.51
14 Server CFI 5600 Computer Equip. AUG-96 SUPPORTING WINDOWS NT SERVER
14 Server F'FURT 5700 Equip. and mach. JAN-97 KUM SWITCH PLUS 4P
14 Server CFI 5700 Equip. and mach. Oct-95 DEC SERVER 700
14 Server CFI 5600 Computer Equip. AUG-96 SUPPORTING WINDOWS NT SERVER
14 Server CFI 5600 Computer Equip. SEP-96 SUPPORTING WINDOWS NT SERVER
14 RESOLV 12,925 2,843
14 RESOLV COMPUTERS 3,493 2,235
14 KELTEC 5,430 2,335
14 RESOLVE 12,417 2,732
14 COMPU 5,174 2,225
14 BLACKB 2,314 1,990
14 BLACKBOX 4,700 2,021
14 AVT SYSTEMS 9,629 2,118
14 CORPOR 9,572 2,106
14 CSF SYSTEM 2,623 1,679
14 AVT 9,493 2,089
14 SIEMANS 2,588 1,657
14 RESOLVE 9,330 2,053
14 MORSE 3,630 1,561
14 CPS 3,472 1,493
14 SIEMEN 3,472 1,493
14
RESOLV 2,144 1,372
14
MORSE 3,067 1,319
14
BLACK BOX 2,993 1,287
14 RESOLVE 6,222 1,369
14 RESOLV 6,024 1,325
14 RESOLVE 5,983 1,316
14 AVT 2,494 1,072
14 AVT 2,460 1,058
14 AVT 2,431 1,045
14 COMPUTERCENTRE 2,368 1,018
14 COMPUCENTRE 2,361 1,015
14 COMPUCENTRE 2,361 1,015
14 ERROR 2,240 963
14 BLACK BOX 2,115 910
14 AVT 4,815 1,059
14 COMPUCENTRE 2,007 863
14 COMPUTACENTER 2,007 863
</TABLE>
38
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C>
14 Server CFI 5700 Equip. and mach. APR-96 VGA VIDEO EXT CABLE
14 Server CFI 5600 Computer Equip. Jun-95 DEC SERVER 700
14 Server CFI 5600 Computer Equip. Feb-96 DEC SERVER 700.16 PORT RJ45
14 Server CFI 5600 Computer Equip. Jan-96 DEC SERVER
14 Server F'FURT 5700 Equip. and mach. JAN-97 KUM SERVESWITCH 4 TO 1
14 Server CFI 5700 Equip. and mach. Aug-95 DEC SERVER
14 Server CFI 5600 Computer Equip. Dec-96 DIGITAL EQUIP
14 Server CFI 5700 Equip. and mach. Sep-95 COMPAQ 2.1GB PLUG FAST-WIDE H/D
14 Server F'FURT 5700 Equip. and mach. JAN-97 COMPAQ WINDOWS NT SERVER
14 Server CFI 5600 Computer Equip. Mar-95 VAX SERVER AND UPGRADE
14 Server CFI 5700 Equip. and mach. Mar-95 MICROVAX 3100 MODEL/DEC SERVER
14 Server CFI 5700 Equip. and mach. Jan-95 BASE SYSTEMS AND DEC SERVERS
14 Server CFI 5700 Equip. and mach. Jan-95 BASE SYSTEM AND DEC SERVER
14 Server CFI 5700 Equip. and mach. Jan-95 BASE SYSTEM AND DEC SERVER
14 Server CFI 5700 Equip. and mach. Jan-95 BASE SYSTEM AND DEC SERVER
14 Server CFI 5700 Equip. and mach. Jan-95 BASE SYSTEM AND DEC SERVER
14 Server CFI 5700 Equip. and mach. Oct-94 DESCERVER AND MICRO BASE SYSTEM
14 Server CFI 5700 Equip. and mach. Dec-94 DEC SERVER 700/16 PORT RJ45
14 Server CFI 5700 Equip. and mach. Oct-94 DESCERVER FLASH READY & DNAS LICENCE
14 Server CFI 5700 Equip. and mach. Mar-95 DECSERVER AND ADP RACK
14 Server CFI 5700 Equip. and mach. Dec-94 DEC SERVER 700,16 PORT RJ45
14 Server CFI 5700 Equip. and mach. Sep-94 DESCERVER 700
14 Server CFI 5700 Equip. and mach. May-94 DESERVER 700,FLASH READY 16 LINE RJ45
14 Server CFI 5700 Equip. and mach. Jul-94 DECSERVER 700, FLASH READY 16 LINE
14 Server CFI 5700 Equip. and mach. Apr-94 DECSERVER 700
14 Server CFI 5700 Equip. and mach. Dec-94 IBM LAN SERVER
14 Server CFI 5700 Equip. and mach. Jul-94 DEC AUI X BNC THINWIRE MAU
14 Server CFI 5700 Equip. and mach. Apr-94 DEC AUI X BNC
14 Server CFI 5700 Equip. and mach. Apr-94 DEC AUI X BNC
14 Server CFI 5700 Equip. and mach. Apr-94 20 MONITER EVM 942
14 Server CFI 5700 Equip. and mach. Mar-95 MULTINET FOR VAX/SUPPORT FOR SERVER
14 Server CFI 5700 Equip. and mach. May-94 5 DEC VAX CLUSTER CONSOLES
14 Server CFI 5700 Equip. and mach. Nov-94 MICRO VAX / DEC SERVER
SERVER TOTAL 101 ITEMS
14 BLACKBOX 1,981 852
14 RESOLV 3,013 663
14 RESOLVE 3,005 661
14 RESOLVE 2,996 659
14 BLACK BOX 1,251 538
14 RESOLVE 2,756 606
14 996 428
14 COMPU 1,851 407
14 COMPU 266 114
14 MTI 83,750 0
14 RESOLV 22,505 0
14 RESOLV 22,501 0
14 RESOLV 11,253 0
14 RESOLV 11,253 0
14 RESOLV 11,253 0
14 RESOLV 11,250 0
14 RESOLVE 11,245 0
14 RESOLV 9,080 0
14 RESOLVE 6,036 0
14 ONLINE 4,881 0
14 RESOLV 3,136 0
14 RESOLVE 3,130 0
14 RESOLVE 2,906 0
14 RESOLVE 2,804 0
14 RESOLVE 2,794 0
14 CORCOM 2,405 0
14 RESOLVE 11,269 0
14 RESOLVE 11,231 0
14 RESOLVE 11,231 0
14 COSGEM 11,142 0
14 HARRIER 4,758 0
14 RESOLV 9,183 0
14 RESOLVE 11,245 -562
1,666,019 621,267
</TABLE>
39
<PAGE>
<TABLE>
<S><C> <C> <C> <C> <C> <C> <C>
15 Systems Dept MILAN 5700 Equip. and mach. Jun-98 DEALER SYSTEM
15 Systems Dept CFI 5600 Computer Equip. Jun-98 INSTALLATION OF NEW SYSTEMS 80000720
15 Systems Dept CFI 5700 Equip. and mach. APR-96 SYSTEM CONFIGURATION
15 Systems Dept CFSNC 5700 Equip. and mach. Oct-97 DEP 50% RE TEL SYSTEM
15 Systems Dept CFI 5700 Equip. and mach. Feb-96 TELEPHONE SYSTEM
15 Systems Dept F'FURT 5600 Computer Equip. Feb-98 COMPUTER SYSTEM - EQUITIES
15 Systems Dept CFI 5600 Computer Equip. Dec-97 DATA CARTRIDGES
15 Systems Dept CFI 5600 Computer Equip. Jul-97 SONY DATA TAPES
15 Systems Dept CFI 5700 Equip. and mach. Feb-96 MX14 CABINATE STATION
15 Systems Dept CFI 5700 Equip. and mach. Apr-94 SB 504 SYSTEM
SYSTEMS DEPT TOTAL 10 ITEMS
GRAND TOTAL
15 ALBACOM 211,060 181,512
15 DOW 51,627 52,143
15 INFO 13,866 5,963
15 BEPS 3,962 2,536
15 SYNTEGRA 9,780 2,152
15 RTS 2,460 1,575
15 AKMARK 2,545 1,457
15 AKMARK 1,881 1,204
15 AIR TUBE 4,867 1,071
15 SPEKABUS 10,289 0
GRAND TOTALS: 312,337 249,610 5,834,681 2,716,108
</TABLE>
40
<PAGE>
Part B - Intellectual Property
TRADEMARKS
----------
None.
INTERNET DOMAIN NAMES
---------------------
Domain names currently registered in the name of Cantor Fitzgerald
International:
France
- ------
espeed.com.fr
Germany
- -------
espeed.de
Japan
- -----
espeed.co.jp
South Africa
- ------------
espeed.co.za
United Kingdom
- --------------
e-speed.co.uk
espeed.co.uk
espeedbonds.co.uk
espeedtrade.co.uk
COMPUTER SOFTWARE AND FILES
- ---------------------------
<TABLE>
<CAPTION>
section-names sub-section application-names
<S> <C> <C>
ACCOUNTS, COMPLIANCE and PAYROLL ACCOUNTS Give-Up-Report
ACCOUNTS, COMPLIANCE and PAYROLL ACCOUNTS GMI - Daily Brokerage Report
ACCOUNTS, COMPLIANCE and PAYROLL ACCOUNTS Principal Trades
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Accounts
</TABLE>
41
<PAGE>
<TABLE>
<S> <C> <C>
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Bond Give Ups
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Compliance - VAT, FSA, BAWE etc
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Confirmations
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - FX Options
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - LA Equities
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Reports (internal)
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Settlement (manual)
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Trade Input and Amendments
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - UK Equities - ARROW replacement
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - INDEPENDENT TRADE FEEDS HOLLY - Derivatec feed
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - INDEPENDENT TRADE FEEDS HOLLY - Cleared Trades
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - INDEPENDENT TRADE FEEDS HOLLY - Give Ups - FX Options
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - INDEPENDENT TRADE FEEDS HOLLY - Give Ups - Repo desk (Ticketboy)
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Boaf
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Ingrid - Wash trades
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Profit and Loss
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Rest of Middle Office
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Risk Credit
BACK OFFICE AND SETTLEMENT SYSTEMS MIDDLE OFFICE Broker Checkout
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Comms Access applications
</TABLE>
42
<PAGE>
<TABLE>
<S> <C> <C>
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Employee Holiday Management
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Equipment-Database
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Market-Data-Management
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Purch-Requisition
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Repos Trade Reporting - Ticket Boy
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Temps & Contractors
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Frankfurt - *SPREAD
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Frankfurt - non critical spreadsheets
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Milan Databases (non critical)
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Milan Spreadsheets (non critical)
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Paris Spreadsheets (non critical)
PROGRAMME DEVELOPMENT GROUP PDG - SPREADSHEET $ Spreadsheets
PROGRAMME DEVELOPMENT GROUP PDG - SPREADSHEET $IRS (Ldn:3)
PROGRAMME DEVELOPMENT GROUP PDG - SPREADSHEET Euro currency Swaps (LUIGI-TEL.XLS)
PROGRAMME DEVELOPMENT GROUP PDG - SPREADSHEET IRSBUND-BTP
PROGRAMME DEVELOPMENT GROUP PDG - Sybase Applications Babe
PROGRAMME DEVELOPMENT GROUP PDG - Sybase Applications Brodby
PROGRAMME DEVELOPMENT GROUP PDG - VB Basis calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Cantor Price
PROGRAMME DEVELOPMENT GROUP PDG - VB Equities calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Exchange Traded Options calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Futures calculator/Net Basis
</TABLE>
43
<PAGE>
<TABLE>
<S> <C> <C>
PROGRAMME DEVELOPMENT GROUP PDG - VB FX Forwards calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB FX Volatility surface
PROGRAMME DEVELOPMENT GROUP PDG - VB FX Whiteboard
PROGRAMME DEVELOPMENT GROUP PDG - VB GDR calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Gilt calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB IRS Bund Asset Swaps
PROGRAMME DEVELOPMENT GROUP PDG - VB OTS Options Trade Detais
PROGRAMME DEVELOPMENT GROUP PDG - VB Rand Swaps
PROGRAMME DEVELOPMENT GROUP PDG - VB Repo calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB SWAPS Credit
PROGRAMME DEVELOPMENT GROUP PDG - VB SWAPS Spread Matrix
PROGRAMME DEVELOPMENT GROUP PDG - VB Switch calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Yield calculators
TRADING SYSTEMS - VAX & ALPHA ALPHA CS-LIFFERPC-SERVER
TRADING SYSTEMS - VAX & ALPHA ALPHA GDR-RPCSPEED
TRADING SYSTEMS - VAX & ALPHA ALPHA GTS - Mole
TRADING SYSTEMS - VAX & ALPHA ALPHA GTS - Trading System
TRADING SYSTEMS - VAX & ALPHA ALPHA STX-READER
TRADING SYSTEMS - VAX & ALPHA ALPHA TRADE-MONITOR-INTERFACE
TRADING SYSTEMS - VAX & ALPHA VAX BASIC - Trading System
TRADING SYSTEMS - VAX & ALPHA VAX CFTS - LONDON - Trading System
TRADING SYSTEMS - VAX & ALPHA VAX conx-writer
TRADING SYSTEMS - VAX & ALPHA VAX ed-200c
TRADING SYSTEMS - VAX & ALPHA VAX ed132
TRADING SYSTEMS - VAX & ALPHA VAX GTS Archiver
TRADING SYSTEMS - VAX & ALPHA VAX GTS Maintenance
</TABLE>
44
<PAGE>
<TABLE>
<S> <C> <C>
TRADING SYSTEMS - VAX & ALPHA VAX GTS SQLNETSERVER
TRADING SYSTEMS - VAX & ALPHA VAX Liffe - LMF
TRADING SYSTEMS - VAX & ALPHA VAX reconclient
TRADING SYSTEMS - VAX & ALPHA VAX reconrpc-server
TRADING SYSTEMS - VAX & ALPHA VAX reconserver
TRADING SYSTEMS - VAX & ALPHA VAX speedout-udp
TRADING SYSTEMS - VAX & ALPHA VAX sprsht
TRADING SYSTEMS - VAX & ALPHA VAX ticker-input
TRADING SYSTEMS - VAX & ALPHA VAX ticket-process
TRADING SYSTEMS - VAX & ALPHA VAX write-transaction-log
GLOSS - such rights as may exist in GLOSS.
</TABLE>
45
<PAGE>
Part C - Assigned Contracts
1. ARC Serve IT - getting started manual.
2. Automated Confirmation Services Limited - Agreement of 16 December 1993.
3. City Networks Limited - Software Licence Agreement of 16 December 1993.
4. Computer Information Software Ltd (now Heroix) - Software Licence
Agreement and Software Support Agreement both of 31 August 1993.
5. Compaq Computer Limited - Customer Services Agreement of 1 November 1998.
6. Dell Products - Agreement in the form of Terms and conditions of 14
October 1998.
7. Digifeed Consultants Limited - Agreement of 30 September 1998.
8. Essential Computing Ltd - Maintenance Software Agreement of 30 November
1993.
9. Heroix Corporation Limited - Software Licence Agreement and Software
Support Agreement both of 30 October 1995.
10. Intercom Data Systems plc, (now Royal Blue Financial Plc) - Software
Product licences, Support and Service, Master Agreement of 20 August
1996.
11. Internet and Intranet Solutions Limited trading as Intranet Solutions -
undated Agreement.
12. Info' Products UK PLC (now CompelSource Limited) - Maintenance Support
Services Agreement no. SS/10734 of 12 April 1997.
13. KPNQWest Services Limited Service Contract - for MMBS Services (undated).
14. Marvin Software PLC - Site Licence and Agreement and Software Maintenance
Agreement undated.
15. Morse Group Limited - 1 October1999 Agreement for the supply of goods and
services.
16. RA Computers SpA - anti-money laundering software terms and conditions
undated.
17. RTS Realtime Systems AG - Licence Contract for Software Products and
Maintenance of Software Products both of 15 January 1997.
46
<PAGE>
18. Siemens Network Systems Limited - Customer Services Network Support
Agreement of 6 October 1998.
19. Soft Option Systems Limited (now ACT Limited) - Software Licence Agreement
and Maintenance and Support Agreement both of 14 November 1997.
20. Soft Options Systems Limited, CFI and ACT Financial Systems Limited -
Deed of Novation of Licence and Maintenance Contracts of 14 November
1997 of 26 October 1999.
21. Software Partners 32 Inc-. Software Licence.
22. Sophos PLC - Sophos Anti Virus Software Licence Agreement in or about
April 1999.
23. Sun Microsystems Ltd - Undated Support Agreement.
24. Thomson Financial Services Ltd - OASYS Global Broker Agreement Schedule of
16 January 1995.
25. Tresol (Treasury) Solutions Limited - Software Development and Support
Agreement of 30 January 1998.
26. The Public IP Exchange Limited, (trading as UUNET)- Terms and Conditions
of Supply of 16 October 1998.
27. Wilco International Ltd - Product Licence Agreement for Software Modules
and Support of 6 May 1997
Consultancy and temporary contracts
- -----------------------------------
1. Grant Abbot of 4 August 1999.
2. Jane Hills of 26 July 1999.
3. Jonathon Pinnock and Associates of 22 October 1999.
4. Richard Mangles of 29 November 19909.
5. Richard Pickston of 30 October 1999.
47
<PAGE>
6. Ian Rosen of 31 July 1999.
7. Surj Sandher of 13 September 1999.
8. David Smith of 8 November 1999.
9. Kim Whitworth of 25 November 1999.
10. Rajesh Vaja of 14 October 1999.
11. Ian Young of 26 October 1999.
Mutual Non-Disclosure or Confidentiality Agreement
- --------------------------------------------------
1. Alydaar Software Corporation - undated.
2. ECCO Consulting Ltd. - 7 October 1999.
3. PKS Systems Integration (UK) Limited - __ May 1998.
4. SCS Systems (UK) Ltd - 16 November 1999.
The above constitutes the best available list at this time of correct
and complete Assigned Contracts together with all amendments,
supplements and other instruments (including side letters) thereto.
48
<PAGE>
SCHEDULE 1.2(f) - Reuters Agreements
1. Agreement between Reuters America, Inc. and Market Data Corporation.
2. Amendment to Reuters Services Contract, dated January 22, 1993, between
Market Data Corporation and Reuters America Inc.
3. Letter, dated April 14, 1994, to Cantor Fitzgerald L.P. and Market Data
Corporation, from Reuters Limited, re: Proposal of the Interdealer Broker
Association of Canada.
4. Letter Agreement, dated August 25, 1994, between Reuters Limited, Cantor
Fitzgerald, L.P. and Market Data Corporation re: Proposal of the
Interdealer Broker Association of Canada.
5. Letter, dated March 25, 1994, re: Transparency - Industry Proposal.
6. Data Purchase, Data Product Agency and Electronic Trading System
Agreement, dated January 22, 1993, between Reuters Limited, Cantor
Fitzgerald, L.P. and Market Data Corporation (with Schedules and
Exhibits).
7. License Agreement, dated January 22, 1993, between Cantor Fitzgerald, L.P.
and Market Data Corporation.
8. Electronic Trading of Municipal Fixed Income Securities/ -Bid Wanted-
Letter Agreement, dated January 22, 1993, between Cantor Fitzgerald, L.P.
and Reuters Limited.
9. Proposed Agency Agreement Letter, dated January 22, 1993, between Market
Data Corporation and Reuters Limited.
10. Canadian Data Letter Agreement, dated September 15, 1993, between Cantor
Fitzgerald, L.P., Market Data Corporation and Reuters Limited.
11. ETS-I Intellectual Property Agreement, dated September 21, 1993, between
Cantor Fitzgerald, L.P., Market Data Corporation and Reuters Limited.
12. Letter, dated June 8, 1994, to Cantor Fitzgerald, L.P. from Reuters
Limited re: Designation of Certain Joint Intellectual Property.
13. Letter Agreement, dated November 24, 1993, between Cantor Fitzgerald,
L.P., Market Data Corporation and Reuters Limited.
49
<PAGE>
Together with any other agreements or arrangements in relation to Information as
defined.
50
<PAGE>
SCHEDULE 1.2(g) - Telerate Agreements
1. Letter Agreement between Telerate Systems Incorporated and Market Data
Corporation dated December 15, 1989 in reference to Modifications to
Master Optional Services Agreement dated October 23, 1987.
2. Letter Agreement between Telerate Systems Incorporated and Market Data
Corporation dated February 23, 1990.
3. Letter to Telerate, Inc. from Cantor Fitzgerald Securities Corp. dated
February 23, 1990.
4. Letter of Intention from Telerate, Inc. and Agreed to and Acknowledged
by Cantor Fitzgerald Securities Corp. and Market Data Corporation dated
February 23, 1990.
5. Letter Agreement dated February 23, 1990 between Cantor Fitzgerald
Corporate Brokers, Inc., Cantor Fitzgerald Incorporated, Cantor
Fitzgerald (UK) Limited, Cantor Fitzgerald Securities Corp., Cantor
Fitzgerald Municipal Brokers, Inc. and Agreed to and Acknowledged by
Market Data Corporation.
6. Letter Agreement between Cantor Fitzgerald Securities Corp. and Market
Data Corporation dated February 23, 1990.
7. Agreement between Telerate, Inc. and Cantor Fitzgerald Securities Corp.
dated February 23, 1990.
8. Master Optional Service Agreement between Telerate, Inc. and Market
Data Corporation dated February 23, 1990.
9. Letter from Cantor Fitzgerald Securities and Market Data Corporation to
Telerate Systems Inc. dated April 11, 1991.
10. Letter Agreement between Telerate Inc., Cantor Fitzgerald Securities
Corp. and Market Data Corporation dated May 16, 1991 modifying the
Agreement between Telerate, Inc. and Cantor Fitzgerald Securities Corp.
dated February 23, 1990 and the Master Optional Service Agreement
between Telerate, Inc. and Market Data Corporation dated February 23,
1990 ("1991 Modification").
11. Letter Agreement between Cantor Fitzgerald Securities Corp. and
Telerate, Inc. dated July 8, 1991 modifying the Agreement between
Telerate, Inc. and Cantor Fitzgerald Securities Corp. dated February
23, 1990.
51
<PAGE>
12. Letter Agreement between J.J. Kenny Co., Inc. and Dow Jones Telerate
dated December 22, 1994.
13. Letter Agreement between Market Data Corporation and Dow Jones Telerate
Holdings, Inc. dated February 6, 1995 regarding 7676 Optional
Information Service.
14. Letter Agreement between Dow Jones & Company, Inc., Cantor Fitzgerald
Securities and Market Data Corporation dated February 27, 1995.
15. 1995 Amendment of the Agreement dated February 23, 1990 between
Telerate, Inc. and Cantor Fitzgerald Securities Corp., as previously
amended.
16. 1995 Amendment of the Master Optional Services Agreement dated February
23, 1990 between Telerate, Inc. and Market Data Corporation, as
previously amended.
17. Settlement Agreement between Dow Jones Telerate Holdings, Inc., Dow
Jones Telerate, Inc., Cantor Fitzgerald Securities and Market Data
Corporation dated February 27, 1995.
Together with any other agreements or arrangements in relation to Information as
defined.
52
<PAGE>
SCHEDULE 1.3 - Assumed Liabilities
Accrued Bonus $1.3
Accrued Temporary Staff and Contractors $0.6
Accrued Overhead Expenditure $0.2
53
<PAGE>
SCHEDULE 2.1 - Employees
SYSTEMS DELIVERY
<TABLE>
<CAPTION>
Employee Employee Name Date of Start
- -------- ------------- -------------
Number
- ------
<S> <C> <C>
7848 Mr Charles K Ashiagbor 25/11/1998
7732 Mr Wayne Barnard 29/06/1998
7667 Ms Sharon M Bentley 11/05/1998
7438 Mr Sam J Bolden 01/09/1997
7665 Mr Mark Boyall 22/04/1998
7476 Mr Kevin A Brennan 08/09/1997
7756 Miss Deborah Caven 29/07/1998
8121 Mr Christopher J Chapman 10/11/1999
7995 Mr Daniel Chitty 07/06/1999
7962 Mr Simon W Cole 19/04/1999
7694 Miss Leeann Cronin 01/05/1998
7337 Mr Andrew Dalton 01/09/1997
7820 Mr Mark Dianora 05/10/1998
8028 Mr Ian E Dobson 19/07/1999
7770 Miss Melissa C Etherington 26/08/1998
7064 Mr Paul M Farquharson 13/01/1997
7754 Mr Alan F Farrell 01/09/1998
7960 Mr Kevin Fenn 22/03/1999
7000 Mr Andrew Forder 09/12/1996
7691 Mr Giles French 17/06/1998
7648 Mr Steve Fujimura 17/03/1998
7077 Mr Luigi Fumarola 07/01/1997
8069 Mr Ammar N Ghouse 06/09/1999
8055 Mr Ronald L Gilligan 02/08/1999
8120 Mr Luke Goodland 28/10/1999
5850 Mr David P House 13/03/1996
Mr Daryl Houston
7809 Mr Owen K Jackman 21/09/1998
3100 Mr Dinesh Kerai 04/10/1993
7834 Mr Golam F Khan 23/11/1998
8135 Mr Asif Khan 01/11/1999
7628 Mr Francois Kiers 02/03/1998
3690 Mr Andrew Kindell 12/07/1994
7882 Mr Stuart King 14/01/1999
7963 Ms Vicky L Knight 19/04/1999
</TABLE>
54
<PAGE>
<TABLE>
<S> <C> <C>
8017 Mr Bruce A Laverock 19/07/1999
7916 Mr Daniel Lloyd 01/03/1999
7752 Mr Alexander J Logan 24/08/1998
7785 Miss Olive Marry 26/10/1998
7923 Mr Sarju Mashru 25/02/1999
7352 Mr Barry J McMullan 18/08/1997
3705 Mr Robert Meredith 11/07/1994
8128 Mr Sean Milligan 01/11/1999
7511 Mr Darren Monksfield 10/11/1997
7989 Mr Dean R Monksfield 04/05/1999
7673 Mrs Carolyne A Moss 01/06/1998
3115 Mr Dean Mott 01/10/1993
Mr Vincent Norris
7435 Mr Andrew G Overbeck 01/09/1997
8047 Miss Rakhi Patel 21/07/1999
7659 Mr Andrew Pears 11/05/1998
7961 Ms Patricia Peterson 22/03/1999
7753 Mr Darren Regan 22/07/1998
7746 Mr Christian D Richards 20/07/1998
7098 Mr David Rix 03/03/1997
7970 Ms Natalie Rook 29/03/1999
8143 Mr Olubowale O A Sangosanya 29/11/1999
5580 Mr Chris Saunders 15/01/1996
7833 Mr Stephen Smart 26/10/1998
7946 Mr Delroy Smith 29/03/1999
8016 Mr Lyndon S Smith 14/06/1999
4500 Miss Samantha L Steven 30/05/1995
4645 Ms Meletha Thompson 17/07/1995
7896 Mr David G Thomson 25/01/1999
4690 Mr Shaukatali H Visram 01/08/1995
7509 Mr Michael J Webb 06/10/1997
7166 Mr David Wells 03/03/1997
7548 Mr Michael White 05/01/1998
7919 Ms Sue Whittaker 15/02/1999
</TABLE>
SYSTEMS DEVELOPMENT
<TABLE>
<CAPTION>
Employee Employee Name Date of Start
- -------- ------------- -------------
Number
- ------
<S> <C> <C>
7909 Mr Eugene Alexander 29/03/1999
8093 Mr David S Allewell 13/09/1999
</TABLE>
55
<PAGE>
<TABLE>
<S> <C> <C>
7733 Mr Tobias J Anscombe 06/07/1998
4220 Mr Alastair J D Beadle 23/01/1995
3570 Mr Simon G Bisson 05/04/1994
8005 Mr Nicholas Buller 28/06/1999
7994 Mr Michael Cassin 04/05/1999
7567 Miss Alexia Constantine 17/11/1997
7305 Mr Neil Cunningham 30/06/1997
7779 Mr Duncan Dacombe 21/09/1998
7521 Mr Nicholas Dacres 24/11/1997
7085 Dr David A Garbutt 01/01/1997
7557 Mr Paul G Glynn 24/11/1997
5215 Mr Richard P Goodman 25/09/1995
2310 Mr Timothy P Harris 04/01/1993
8082 Mr Michael P Hermiston 13/09/1999
8001 Mr George Howard 05/07/1999
7252 Mr Ajaz Khan 19/05/1997
8100 Mr Neil Mitchell 20/09/1999
7720 Mrs Jane Partridge 29/07/1998
8112 Mr Maurizio Pietrini 18/10/1999
380 Mr Martin Powell 12/06/1991
395 Mr Matthew J Smith 29/01/1990
7858 Mr Aaron W Smith 07/12/1998
7830 Mr Alan Stepnell 09/11/1998
4015 Mr Martin J Threadgold 21/11/1994
7867 Mr Ian Tinsdale 21/12/1998
7690 Mr Neil S Warden 27/11/1997
7987 Mr Michael J J Westlake 21/06/1999
410 Mr Thomas D Whiteside 25/03/1991
8015 Mr Graeme C Williams 10/06/1999
7287 Mr Robert Woodmansey 01/07/1997
</TABLE>
56
<PAGE>
SCHEDULE 3.3 - Disclosure Schedule
The following are contracts, the terms of which require that the consent of a
third party be obtained before they are assigned, and therefore are disclosed
against the warranty given in Section 3.3:
1. ARC Serve IT - getting started manual.
2. Automated Confirmation Services Limited - Agreement of 16 December
1993.
3. City Networks Limited - Software Licence Agreement of 16 December 1993.
4. Computer Information Software Ltd (now Heroix) - Software Licence
Agreement and Software Support Agreement both of 31 August 1993.
5. Compaq Computer Limited - Customer Services Agreement of 1 November
1998.
6. Dell Products - Agreement in the form of Terms and conditions of 14
October 1998.
7. Intercom Data Systems plc, (now Royal Blue Financial Plc) - Software
Product licences, Support and Service, Master Agreement of 20 August
1996.
8. Internet and Intranet Solutions Limited trading as Intranet Solutions -
undated Agreement.
9. Info' Products UK PLC (now CompelSource Limited) - Maintenance Support
Services Agreement no. SS/10734 of 12 April 1997.
10. KPNQWest Services Limited Service Contract - for MMBS Services
(undated).
11. Marvin Software PLC - Site Licence and Agreement and Software
Maintenance Agreement undated.
12. Morse Group Limited - 1 October 1999 Agreement for the supply of goods
and services.
13. RA Computers SpA - anti-money laundering software terms and conditions
undated.
14. RTS Realtime Systems AG - Licence Contract for Software Products and
Maintenance of Software Products both of 15 January 1997.
15. Siemens Network Systems Limited - Customer Services Network Support
Agreement of 6 October 1998 and any other contracts related to
maintenance services provided by Siemens.
57
<PAGE>
16. Soft Option Systems Limited (now ACT Limited) - Software Licence
Agreement and Maintenance and Support Agreement both of 14 November
1997.
17. Soft Options Systems Limited, CFI and ACT Financial Systems Limited -
Deed of Novation of Licence and Maintenance Contracts of 14 November
1997 of 26 October 1999.
18. Software Partners 32 Inc.- Software Licence.
20. Sophos PLC - Sophos Anti Virus Software Licence Agreement in or about
April 1999.
21. Sun Microsystems Ltd - Undated Support Agreement.
22. Thomson Financial Services Ltd - OASYS Global Broker Agreement Schedule
of 16 January 1995.
23. Tresol (Treasury) Solutions Limited - Software Development and Support
Agreement of 30 January 1998.
24. Wilco International Ltd - Product Licence Agreement for Software
Modules and Support of 6 May 1997
Consultancy and temporary contracts
-----------------------------------
1. Grant Abbot of 4 August 1999.
2. Jane Hills of 26 July 1999.
3. Jonathon Pinnock and Associates of 22 October 1999.
4. Richard Mangles of 29 November 19909.
5. Richard Pickston of 30 October 1999.
6. Ian Rosen of 31 July 1999.
7. Surj Sandher of 13 September 1999.
8. David Smith of 8 November 1999.
9. KimWhitworth of 25 November 1999.
10. Rajesh Vaja of 14 October 1999.
58
<PAGE>
11. Ian Young of 26 October 1999.
Mutual Non-Disclosure or Confidentiality Agreement
--------------------------------------------------
1. Alydaar Software Corporation - undated.
2. ECCO Consulting Ltd. - 7 October 1999.
3. PKS Systems Integration (UK) Limited - _ May 1998.
4. SCS Systems (UK) Ltd - 16 November 1999.
Leases
------
1. Agreement of 31 May 1997 between ECS International UK Limited and
Cantor Fitzgerald Leasing and all subsequent agreements and schedules
in relation thereto.
2. Undated sublease agreement between Cantor Fitzgerald Leasing and Cantor
Fitzgerald International.
59
<PAGE>
SCHEDULE 3.4 - Permits
None.
60
<PAGE>
SCHEDULE 3.5 - Title to Assets
The following are leasing contracts affecting Transferred Assets and are
therefore disclosed against the warranty given in Section 3.5:
Lombard
1. Master Hiring Agreement of 9 December 1996 between Cantor Fitzgerald
International and Lombard Network Services Ltd and all schedules,
agreements and leases in relation thereto.
GE Capital
2. Operating Sublease of 25 June 1997 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International.
3. Agreement to Acquire of 8 July 1997 between GE Capital Services (EEF)
Limited and Cantor Fitzgerald International.
4. Agreement to Acquire of 8July 1997 between GE Capital Services (EEF)
Limited, Cantor Fitzgerald L.P. and Cantor Fitzgerald International.
5. Operating Sublease of 20 January 1999 between Cantor Fitzgerald L.P.
and Cantor Fitzgerald International
6. Purchase Agency Agreement of 12 February 1999 between GE Capital
Services (EEF) Limited, Cantor Fitzgerald International and Cantor
Fitzgerald L.P..
7. Agreement to Acquire undated between GE Capital Services (EEF) Limited,
Cantor Fitzgerald International and Cantor Fitzgerald L.P..
8. Operating Sublease of 23 August 1999 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International.
9. All schedules, agreements, additions, deletions and amendments in
relation to the documents at 2 to 8.
ECS International UK Limited
10. Agreement of 31 May 1997 between ECS International UK Limited and
Cantor Fitzgerald Leasing and all subsequent agreements and schedules
in relation thereto.
11. Undated sublease agreement between Cantor Fitzgerald Leasing and Cantor
Fitzgerald International.
61
<PAGE>
Pallas Group Limited
12. Undated agreement between Cantor Fitzgerald International and Pallas
Group Limited.
62
<PAGE>
SCHEDULE 3.6 - Litigation
None.
63
<PAGE>
SCHEDULE 3.9 - Undisclosed liabilities
None.
64
<PAGE>
SCHEDULE 3.8(b) - Registrations and applications made in relation to
Intellectual Property
Mark to provide schedule
65
<PAGE>
SCHEDULE 5.11 - Required Consents
Third party consents are required in connection with the transactions
contemplated by this Agreement under the following contracts:
1. ARC Serve IT - getting started manual.
2. Automated Confirmation Services Limited - Agreement of 16 December
1993.
3. City Networks Limited - Software Licence Agreement of 16 December 1993.
4. Computer Information Software Ltd (now Heroix) - Software Licence
Agreement and Software Support Agreement both of 31 August 1993.
5. Compaq Computer Limited - Customer Services Agreement of 1 November
1998.
6. Dell Products - Agreement in the form of Terms and conditions of 14
October 1998.
7. Digifeed Consultants Limited - Agreement of 30 September 1998.
8. Essential Computing Ltd - Maintenance Software Agreement of 30 November
1993.
9. Heroix Corporation Limited - Software Licence Agreement and Software
Support Agreement both of 30 October 1995.
10. Intercom Data Systems plc, (now Royal Blue Financial Plc) - Software
Product licences, Support and Service, Master Agreement of 20 August
1996.
11. Internet and Intranet Solutions Limited trading as Intranet Solutions -
undated Agreement.
12. Info' Products UK PLC (now CompelSource Limited) - Maintenance Support
Services Agreement no. SS/10734 of 12 April 1997.
13. KPNQWest Services Limited Service Contract - for MMBS Services
(undated).
14. Marvin Software PLC - Site Licence and Agreement and Software
Maintenance Agreement undated.
15. Morse Group Limited - 1 October 1999 Agreement for the supply of goods
and services.
16. RA Computers SpA. - anti-money laundering software terms and conditions
undated.
66
<PAGE>
17. RTS Realtime Systems AG - Licence Contract for Software Products and
Maintenance of Software Products both of 15 January 1997.
18. Siemens Network Systems Limited - Customer Services Network Support
Agreement of 6 October 1998.
19. Soft Option Systems Limited (now ACT Limited) - Software Licence
Agreement and Maintenance and Support Agreement both of 14 November
1997.
20. Soft Options Systems Limited, CFI and ACT Financial Systems Limited -
Deed of Novation of Licence and Maintenance Contracts of 14 November
1997 of 26 October 1999.
21. Software Partners 32 Inc-. Software Licence.
22. Sophos PLC - Sophos Anti Virus Software Licence Agreement in or about
April 1999.
23. Sun Microsystems Ltd - Undated Support Agreement.
24. Thomson Financial Services Ltd - OASYS Global Broker Agreement Schedule
of 16 January 1995.
25. Tresol (Treasury) Solutions Limited - Software Development and Support
Agreement of 30 January 1998.
26. The Public IP Exchange Limited, (trading as UUNET)- Terms and
Conditions of Supply of 16 October 1998.
27. Wilco International Ltd - Product Licence Agreement for Software
Modules and Support of 6 May 1997
Consultancy and temporary contracts
1. Grant Abbot of 4 August 1999.
2. Jane Hills of 26 July 1999.
3. Jonathon Pinnock and Associates of 22 October 1999.
4. Richard Mangles of 29 November 19909.
5. Richard Pickston of 30 October 1999.
6. Ian Rosen of 31 July 1999.
67
<PAGE>
7. Surj Sandher of 13 September 1999.
8. David Smith of 8 November 1999.
9. Rajesh Vaja of 14 October 1999.
10. Kim Whitworth of 25 November 1999.
11. Ian Young of 26 October 1999.
Leases
Lombard
1. Master Hiring Agreement of 9 December 1996 between Cantor Fitzgerald
International and Lombard Network Services Ltd and all schedules,
agreements and leases in relation thereto.
GE Capital
2. Operating Sublease of 25 June 1997 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International.
3. Agreement to Acquire of 8July 1997 between GE Capital Services (EEF)
Limited and Cantor Fitzgerald International.
4. Agreement to Acquire of 8July 1997 between GE Capital Services (EEF)
Limited, Cantor Fitzgerald L.P. and Cantor Fitzgerald International.
5. Operating Sublease of 20 January 1999 between Cantor Fitzgerald L.P.
and Cantor Fitzgerald International
6. Purchase Agency Agreement of 12 February 1999 between GE Capital
Services (EEF) Limited, Cantor Fitzgerald International and Cantor
Fitzgerald L.P..
7. Agreement to Acquire undated between GE Capital Services (EEF) Limited,
Cantor Fitzgerald International and Cantor Fitzgerald L.P.
8. Operating Sublease of 23 August 1999 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International.
9. All schedules, agreements, additions, deletions and amendments in
relation to the documents at 2 to 8.
68
<PAGE>
ECS International UK Limited
10. Agreement of 31 May 1997 between ECS International UK Limited and
Cantor Fitzgerald Leasing and all subsequent agreements and schedules
in relation thereto.
11. Undated sublease agreement between Cantor Fitzgerald Leasing and Cantor
Fitzgerald International.
Pallas Group Limited
12. Undated agreement between Cantor Fitzgerald International and Pallas
Group Limited.
Mutual Non-Disclosure or Confidentiality Agreement
Alydaar Software Corporation - undated.
ECCO Consulting Ltd. - 7 October 1999.
PKS Systems Integration (UK) Limited - _ May 1998.
SCS Systems (UK) Ltd - 16 November 1999
69
<PAGE>
EXHIBIT A
Form of Joint Services Agreement
70
<PAGE>
EXHIBIT B
Form of Administrative Services Agreement
71
<PAGE>
Schedule 1.1 Part A
eSpeed, Inc.
Fixed Assets transferred
<TABLE>
<CAPTION>
US FIXED ASSET CAT CO ACCTTITLE
<S> <C> <C>
Customer Equipment F'FURT Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Computer Equipment
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Computer Equipment
Customer Equipment CFI Computer Equipment
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Computer Equipment
Customer Equipment CFI Computer Equipment
Customer Equipment CFI Computer Equipment
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Computer Equipment
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Equipment and machinery
Customer Equipment CFI Computer Equipment
Customer Equipment Total
Cabling PARIS Equipment and machinery
Cabling CFSNC Equipment and machinery
Cabling PARIS Equipment and machinery
Cabling CFSNC Computer Equipment
Cabling LUX Equipment and machinery
Cabling LUX Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling LUX Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling LUX Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling F'FURT Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Computer Equipment
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Computer Equipment
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling LUX Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Computer Equipment
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling CFI Equipment and machinery
Cabling Total
Network Equipment F'FURT Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment MILAN Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment F'FURT Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFSNC Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment LUX Computer Equipment
Network Equipment MILAN Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment F'FURT Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFSNC Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFSNC Computer Equipment
Network Equipment PARIS Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment F'FURT Computer Equipment
Network Equipment MILAN Computer Equipment
Network Equipment F'FURT Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment F'FURT Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Computer Equipment
Network Equipment CFI Computer Equipment
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment CFI Equipment and machinery
Network Equipment Total
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software F'FURT Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software MILAN Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFSNC Computer Equipment
General Software CFI Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software F'FURT Equipment and machinery
General Software CFI Equipment and machinery
General Software LUX Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software PARIS Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software PARIS Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software MILAN Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Equipment and machinery
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software CFI Equipment and machinery
General Software CFI Equipment and machinery
General Software CFI Equipment and machinery
General Software CFI Equipment and machinery
General Software CFI Equipment and machinery
General Software CFI Computer Equipment
General Software Total
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server F'FURT Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server F'FURT Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server F'FURT Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server F'FURT Equipment and machinery
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Computer Equipment
Server CFI Computer Equipment
Server F'FURT Equipment and machinery
Server CFI Equipment and machinery
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server F'FURT Equipment and machinery
Server CFI Computer Equipment
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server CFI Equipment and machinery
Server Total
Systems Dept MILAN Equipment and machinery
Systems Dept CFI Computer Equipment
Systems Dept CFI Equipment and machinery
Systems Dept CFSNC Equipment and machinery
Systems Dept CFI Equipment and machinery
Systems Dept F'FURT Computer Equipment
Systems Dept CFI Computer Equipment
Systems Dept CFI Computer Equipment
Systems Dept CFI Equipment and machinery
Systems Dept CFI Equipment and machinery
Systems Dept Total
Grand Total
US FIXED ASSET CAT DATE ITEM DESCRIPTION
Customer Equipment JAN-97 FIT OUT COSTS RE COMP EQUIP
Customer Equipment May-96 10" 29MM DDC 15-40K O/WH STACK x 40
Customer Equipment May-96 10" 29MM DDC 15-40K O/WH STACK x 36
Customer Equipment May-96 10" 29MM DDC 15-40K O/WH STACK x 30
Customer Equipment May-96 10" 29MM DDC 15-40K O/WH STACK x 25
Customer Equipment JUN-96 VT525 TERMINALS x 50
Customer Equipment Jan-96 10" 29mm DDC O/WH STACK
Customer Equipment May-96 10" 29MM DDC 15-40K O/WH STACK x 20
Customer Equipment APR-96 29MM DDC O/WH STACK
Customer Equipment May-96 10" 29MM DDC 15-40K O/WH STACK x 20
Customer Equipment Dec-95 VT525 TERMINALS x 100
Customer Equipment Feb-96 10" 29MM DDC O/WH STACK x 40
Customer Equipment May-96 10" 29MM DDC 15-40K O/WH STACK x 16
Customer Equipment Feb-97 E105 QPC AC DEVELOPMENT
Customer Equipment Feb-96 MAINS LEAD x 30 & DCC STACK x 30
Customer Equipment JUL-96 10" 29MM DDC 15-40 O/WH STACK x 12
Customer Equipment May-98 VT525 AE DEC TERMINAL X12
Customer Equipment Nov-95 10" M/F KME GREY RFI
Customer Equipment JUL-96 13" DDC 15-50 M/F WHITE STACK
Customer Equipment JUL-96 10" 29MM DDC STACK x 10
Customer Equipment JUL-96 10" 29MM DDC 15-40 O/WH STACK x 10
Customer Equipment MAR 96 MAIN LEAD & 10"29MM DCC STACK x 22
Customer Equipment APR-96 29MM DCC O/WH STACK x 5
Customer Equipment Sep-97 ABS BACKUP SYSTEM INSTALLATION
Customer Equipment MAR 96 10" 29MM DDC STACK
Customer Equipment May-96 SP 282 SE 548T MODIFIED x 2
Customer Equipment Feb-96 10" 29MM DDC 15-40k STACK x 30
Customer Equipment Sep-95 CISCO 2503 SYSTEM
Customer Equipment May-96 WYSE 350 TERMINALS
Customer Equipment APR-96 3268 FAST V34 / 3266 FAST V34
Customer Equipment Sep-95 10" M/FREQ KME GREY RFI 240V
Customer Equipment Aug-95 CISCO 2511 SYSTEM
Customer Equipment Aug-95 CISCO 2511 SYSTEM
Customer Equipment Feb-96 FAST V34 x 3
Customer Equipment Sep-95 CISCO 2503 SYSTEM
Customer Equipment Nov-95 SCICON S8000/2 x 25 PAD
Customer Equipment Feb-95 ISDN BASIC RATE INTERFACES
Customer Equipment May-94 LASER SPEAKERS,QUATTRO 4 INTO 1'S
Customer Equipment JUL-96 10" 29MM DDC 15-40K O/WH STACK x 20
Customer Equipment Total 39 items
Cabling Jun-98 CABLING
Cabling Sep-97 CABLES AND DEALERBOARDS
Cabling Jun-98 CABLING
Cabling Aug-97 NEW CABLE LINES
Cabling JAN-97 CABLING
Cabling Jun-98 INV 1026922 FROM 5570 - SINGLE SHELF/DUAL SHELF CABLE
Cabling JAN-97 CABLES & BASE UNIT
Cabling Jul-97 CABLING SERVICES
Cabling Feb-96 CABLING SERVICES
Cabling Jun-98 VARIOUS CARDS/CABLES
Cabling Jul-97 CABLING SERVICES
Cabling JAN-97 CABLES 1017 (PART OF ACCRUAL IN 6600)
Cabling MAR 96 CABLING INFRASTRUCTURE
Cabling Aug-97 CABLING
Cabling Jul-97 CABLING SERVICES
Cabling APR-96 CABLING INFRASTRUCTURE
Cabling Jul-97 CABLING SERVICES
Cabling Jun-97 CABLES AND EQUIP
Cabling Jul-97 CABLING SERVICES
Cabling Sep-95 MISCELLANEOUS EQUIPMENT
Cabling Sep-95 MISCELLANEOUS EQUIPMENT
Cabling Oct-95 MISCELLANEOUS WORK
Cabling Aug-95 INSTALL FIBRE OPTIC CABLES
Cabling Jul-97 HUB EXPANSION CABLE
Cabling JAN-97 ELECTRICAL INSTALLATION
Cabling JAN-97 CABLES 941
Cabling DEC-96 10 FOOT MALE CABLE x 60
Cabling Nov-95 INSTALL CAT 5 CABLING INFRASTRUCT
Cabling Feb-96 CABELING
Cabling Jun-97 EQUIPMENT
Cabling Jul-97 CABLING SERVICES
Cabling JAN-97 CABLES 944
Cabling Jan-98 CABLING PARTS
Cabling Jun-97 EQUIPMENT
Cabling APR-96 SUP&INS CAT5 CAB TERM TO PATCH PANEL
Cabling Nov-95 WORKS/EQUIP FOR EQUITY PROJECT
Cabling May-97 CABLE FOR PANEL
Cabling Apr-97 10 FOOT MALE DTE X.21 CABLE
Cabling Feb-97 CABLING
Cabling JAN-97 CABLES 946
Cabling Feb-96 CABELING
Cabling JAN-97 CABLES 1042
Cabling JAN-97 CABLES 945
Cabling Sep-95 MISCELLANEOUS EQUIPMENT
Cabling Feb-97
Cabling Jan-96 CABLES
Cabling Apr-97 10 FOOT MALE DTE X.21 CABLE
Cabling Jul-97 CABLING SERVICES
Cabling Apr-97 10 FOOT MALE DTE X.21 CABLE
Cabling Oct-95 MISCELLANEOUS WORK
Cabling JUL-96 12 INCH CABLE TRAY
Cabling JAN-97 CABLES 1025
Cabling JUL-96 FIBRE OPTIC ST MEDIA CONVECTORS x 6
Cabling Jun-97 MAINS LEADS
Cabling JAN-97 CABLES 942
Cabling JAN-97 CABLES 1024
Cabling MAR-97 10 FOOT MALE DTE CABLE
Cabling Jun-95 MULTIMODE FIBRECORES
Cabling Aug-95 CW 1308 INT TELEPHONE CABLE
Cabling MAR 96 INSTALL CABLING
Cabling Jul-97 INSTALL CABLES
Cabling Feb-96 VGA VIDEO EXT CABLE
Cabling MAR 96 CABLING INFRASTRUCTURE
Cabling Nov-95 VGA VIDEO EXT CABLE
Cabling Oct-95 INSTALL VIDEO/KEYBOARD CABLES
Cabling Sep-95 TELEPHONE CABLE
Cabling MAR 96 INSTALL CABLING
Cabling MAR 96 CABLING INFRASTRUCTURE
Cabling Oct-95 CW1308 50 PAIR & EARTH
Cabling Apr-97 E1 CABLES
Cabling Dec-94 DRUMS OF CABLE
Cabling Sep-94 FIBRE OPTICS AND FLYLEADS
Cabling Apr-94 8 X 50M TELCO CONNECTING LEADS
Cabling Dec-94 RJ45 CAT 5 FLYLEADS
Cabling Nov-94 TELECOMMUNICATION CABLE
Cabling Total 75 items
Network Equipment Jun-98 INSTALLATION PROJECT MANAGEMENT
Network Equipment DEC-96 ETHERNET /SERIAL/BRI ROUTER x 36
Network Equipment OCT-96 625-7 HP OPENVIEW NETWORK NODE MANAGER & EQUIPMENT
Network Equipment Jul-97 SUPPLY NETWORK MAINTENANCE
Network Equipment MAR 96 CLIENT DISTRIBUTION NETWORK
Network Equipment DEC-96 ETHERNET /SERIAL/BRI ROUTER
Network Equipment Sep-95 3COM ETHERLINK III
Network Equipment Oct-98 SUN MODULE/DISK/ULTRA
Network Equipment APR-96 SUP&INST 96 CORES 1ST FL & BASEMENT
Network Equipment Jun-98 ETHERNET ADAPTOR
Network Equipment May-96 OPENVIEW NETWORK NODENW NODE
Network Equipment Dec-97 NETWORK CONNECTIONS EQUIP
Network Equipment Jan-96 IBM TCP/IP x 18 & 3COM x 3
Network Equipment FEB-97 BRIDGING/INTERFACE CARDS
Network Equipment JUN-96 ETHERNET BRI ROUTER & IOS FEATURE SET
Network Equipment Mar-99 PARIS CDS DISTRIBUTION SERVERS-SUN ULTRA
Network Equipment SEP-96 ALPHA STATION / VAX STATION / DEC STORAGE WORKS etc
Network Equipment SEP-96 ETHERNET ROUTER AND CABLES
Network Equipment Jul-98 NETWORK COST
Network Equipment Sep-95 3COM ETHERLINK III
Network Equipment JUN-96 ETHERNET BRI ROUTER
Network Equipment Jul-97 ENET 14 HUB PTS \21 CABLE
Network Equipment Jul-97 ENET 14 HUB PTS \21 CABLE
Network Equipment Jul-97 DUAL AC POWER SUPPLY OPTION
Network Equipment Dec-96 ETHERNET/SERIAL/BRI ROUTER
Network Equipment Nov-97 NETWORK EQUIP
Network Equipment May-97 SOLAR MGMT BUNDLE
Network Equipment Dec-97 NETWORK CONNECTIONS EQUIP
Network Equipment JAN-97 ETHERNET ROUTER AND CABLES
Network Equipment Apr-98 UPGRADE CUST/DOMESTIC OU & CISCO WORKS
Network Equipment DEC-96 ETHERNET /SERIAL/BRI ROUTER
Network Equipment NOV-96 IOS IP FEATURE SET & ETHERNET/SERIAL/BRI ROUTER
Network Equipment Nov-95 1300P-120T 12 PORT HUB WITH TRANSCEIVER
Network Equipment Jan-98 REPLACE PAIR OF ROUTERS
Network Equipment Dec-97 MULTIPROTOCOL ROUTER
Network Equipment May-96 CISCIWORKS FOR HP OPENVIEW
Network Equipment Sep-95 324T 24 PORT CONCENTRATORS
Network Equipment Mar-99 CUSTOMER ROUTERS FOR ROLLOUT PROJECT
Network Equipment Sep-94 DISTRUBUTED SNIFFER SYSTEM
Network Equipment DEC-96 COMPUTER SWITCHING EQUIP
Network Equipment Dec-98 Siemen inv 1041799 oct 98 comp equip
Network Equipment Apr-98 CISC02516 ENET/DUAL SER/ISDN/FEATURE SET
Network Equipment Mar-98 CISCO 2503 ROUTERS
Network Equipment Jun-98 DCC DATA CARD
Network Equipment Oct-97 SERVER SWITCH AND CABLES
Network Equipment Feb-97 CABLING
Network Equipment Dec-97 NETWORK CONNECTIONS EQUIP
Network Equipment AUG-96 MULTINET FOR ALPHA SERVER/ STATION/ VAX STATION
Network Equipment AUG-96 SPARCWORKS C++ VERSION 4.1 SLIM KIT x3
Network Equipment JAN-97 DUAL SERIAL ROUTER
Network Equipment NOV-96 13 STACKABLE MINIHUBS
Network Equipment MAR-97 ETHERLINK/IBM PC330
Network Equipment Jul-97 DUAL SERIAL ROUTER
Network Equipment Jul-98 ETHERNET / MEMORY EXPANSION
Network Equipment Jul-98 ETHERNET/MEMORY EXPANSION
Network Equipment Dec-97 SERIAL ROUTER
Network Equipment Nov-95 IBM TCP/IP BASE KIT DUA*5
Network Equipment DEC-96 IOS FEATURE SET
Network Equipment Feb-97 UNIX INSTILLATION & CONFIG
Network Equipment Jan-98 MULTI PROCTOCOL ROUTER
Network Equipment SEP-96 CABINET & SUNDRY ITEMS FOR LAN UPGRADE
Network Equipment Jul-97 IP ONLY FEATURE SET BRI ROUTER
Network Equipment AUG-96 ETHERNET ROUTER
Network Equipment JUL-96 APS CONFIGERATION
Network Equipment DEC-96 AU1 TO 10 BASE 2 TRANSCIEVERS
Network Equipment Jul-97 12 PORT PATCH PAN & TELCO CABLE
Network Equipment Jul-98 ETHERNET / MEMORY EXPANSION
Network Equipment Jul-98 ETHERNET/MEMORY EXPANSION
Network Equipment JAN-97 24 PORT FMS II HUBS X2 AND CONSOLE CABLE
Network Equipment Nov-95 INSTALL IMRAK 1400
Network Equipment May-95 MICROVAX/DEC THINWIRE ETHERNET
Network Equipment JAN-97 HUB EXPANSION CABLE
Network Equipment JAN-97 IDS FEATURE SET
Network Equipment Mar-98 SERVSWITCH JR4-PORT MOUSE CABLE 10
Network Equipment May-95 SPKR/AMP GEY F/S
Network Equipment Apr-95 PINACL COAXIAL/KEYBOARD/RBG COAX TO VIDEO
Network Equipment Nov-95 24 PORT CONCENTRATOR
Network Equipment Dec-97 NETWORK CONNECTIONS EQUIP
Network Equipment Nov-95 ALPHASTATION 200
Network Equipment JUL-96 WIRE ETHERNET TRANCIEVERS
Network Equipment Jul-97 3C16671A -UK LINKBUILDER
Network Equipment NOV-96 AUI TO 10 BASE 2 TRANSCEIVERS x30
Network Equipment Feb-96 324t, 24 PORT CONNECTORS x 2
Network Equipment SEP-96 AUI TO 10 BASE 2 TRANSCEWERS (x30) & T TR'SCEWERS (x20)
Network Equipment NOV-96 DUPLEX ST-ST FIBRE OPTIC FLY LEAD x50
Network Equipment Nov-95 SUPPLY & TERMINATE 32 UTP OUTLETS
Network Equipment OCT-96 INSTALLATION OF CISCO SYSTEMS
Network Equipment Feb-96 LOBEPROBE 3 & ETHERNET MONITOR
Network Equipment Jul-95 8 CHANNEL KIT & CABLE/MGMT SOFTWARE
Network Equipment Aug-95 ADAPTERS
Network Equipment May-97 10 CLASS C IP ADDRESSES
Network Equipment Oct-95 HUB MGMT MODULE/ETHERNET MOD
Network Equipment Dec-97 NETWORK CONNECTIONS EQUIP
Network Equipment Mar-95 MICROVAX AND DEC SERVER
Network Equipment Oct-94 24 PORT WORK GROUP HUB
Network Equipment Sep-94 NETWORK WITH DIN CONNECTOR
Network Equipment Jun-94 NETWORK WITH DIN CONNECTOR
Network Equipment Dec-94 N'WORK & DIN CONNECTOR / LINE BUSY-RING
Network Equipment Oct-94 PORT CONCENTARTOR
Network Equipment Sep-94 NETWORK WITH 9 PIN D TYPE M
Network Equipment Dec-94 SOLCOM LANROVER ETHERNET PROBE
Network Equipment Jul-94 24 PORT STACKABLE HUB
Network Equipment Apr-94 6 X 16 PORT RJ45 PANEL
Network Equipment Apr-94 VARIOUS EQUIPMENT INV 021002
Network Equipment Sep-94 BICC CAT 5 UTP PATCH CORD
Network Equipment Nov-94 4 HUB 324T 24 PORT CONCENTRATOR
Network Equipment Total 106 items
General Software Mar-99 LICENCE FEE FOR GLOSS HV EMU CHANGES
General Software Sep-97 UPGRADE
General Software Sep-97 SOFTWARE PRODUCTS
General Software Oct-97 PURCHASE OF NEW LICENCE FOR VAX/TCPIP RS/6000
General Software Apr-99 Fee for EMU conversion tools
General Software NOV-96 VARIOUS MS WINDOWS SOFTWARE AND SERVERS
General Software Apr-99 XetraP feed handler - Final 50 % payment
General Software NOV-96 LICENCE FOR FIDESSA PC AND VARIOUS FIDESSA EQUIPMENT
General Software Mar-99 UPGRADE OF GLOSSLINK IN RELATION TO EMU
General Software Apr-99 Eurex DTB feed handler for TTRS
General Software FEB-97 SOFTWARE LICIENCE
General Software Sep-98 LICENSE FEE FOR ROBOMON
General Software Oct-97 ANNUAL SOFTWARE LICENCE MAINTENANCE FEE
General Software MAR-96 ARROW SOFTWARE LICIENCE DEPOSIT
General Software Apr-98 ARROW UPGRADE FROM D4F TO G1
General Software Jun-99 LICENSE FEE FOR ROBOMON AUTOMATION ONLY TO RUN ON 2xALPHASERVER 4100'S
General Software May-99 XetraP feed handler - Initial 25 % payment
General Software May-99 XetraP feed handler - second 25% % payment
General Software Mar-97 CONSORT CONGO SOFTWARE
General Software Apr-99 46020 Rel 1.. Delegate s/ware licence
General Software May-99 PROMOTIO SOFTWARE
General Software Jul-97 LICENCE FEE FOR ROBOMON SOFTWARE
General Software OCT-96 MS OFFICE FOR WINDOWS AND 4x4MB GRAPHICS CARDS
General Software Jun-99 X2 OTC-CALCULATOR 98 LICENSES (INCL WRITING OF PROGRAMME)
General Software Jun-99 X2 OTC-CALCULATOR 98 LICENSES (INCL WRITING OF PROGRAMME)
General Software Aug-97 LICENCE FOR SETS
General Software Jun-99 LICENSE FEE FOR ROBOMON UNIX SOFTWARE TO RUN ON 1xSUN E3500
General Software OCT-96 WINDOWS NT WORKSTATION x40 AND LICENSES x40
General Software Jun-98 ADFIN SUITE FOR EXCEL
General Software Sep-98 LOTUS CC MAIL INCIDENT PACK
General Software Dec-95 PERSONNEL FOR WINDOWS
General Software Jul-97 SOFTWARE MAINTENANCE
General Software JAN-97 CC MAIL UPGRADES
General Software Nov-97 PURC OF COMPUTER PROGRAM
General Software Jun-99 LICENSE FEE FOR ROBOMON FOR WINDOWSNT SOFTWARE TO RUN ON 2xNT SERVER 4100'S
General Software Jun-97 MICROSOFT EXCEL
General Software Jan-96 VOL SHADOWING VMS LICIENCE x 18
General Software Oct-97 BONDS AND OPTIONS FOR EXCEL
General Software Oct-95 LICENCE FEE FOR ROBOMON
General Software Sep-97 SOFTWARE
General Software Jan-96 MICROVAX 3100 MODEL 40 & LICIENCE
General Software Jan-98 SOFTWARE SUPPORT
General Software Jun-99 VAT POSTED IN ERROR
General Software Jan-98 FINANCIAL SOFTWARE
General Software May-96 MONARCH FOR WINDOWS
General Software SEP-96 MONARCH FOR WINDOWS x2
General Software DEC-96 VARIOUS SOFTWARE APPLICATIONS
General Software Jan-98 NETSCAPE COMMUNICATOR
General Software JAN-97 MS WINDOWS NT
General Software Jul-98 MS OFF / MS WIN LICENSE
General Software JUN-96 CC MAIL
General Software NOV-96 REFLECTIONS x3 MS OFFICE V4.2 x2
General Software Aug-98 PROMOTIO SOFTWARE
General Software JAN-97 PROMOTIO SISTEMI
General Software AUG-96 MS EXCEL FOR WINDOWS
General Software AUG-96 SYBASE SQR REPORT WRITER x2
General Software JUL-96 CC MAIL FOR WINDOWS
General Software Apr-97 INSTALL BLOOMBERG
General Software Feb-96 HCL EXCEED FOR OS/2 10 USER
General Software Feb-97 MS WINDOWS
General Software May-96 LOTUS CC MAIL
General Software JUN-96 SWEEP NT I386 FS 25+
General Software Jun-99 ADDITIONS TO ANALYSE
General Software Jun-99 ADDITIONS TO ANALYSE
General Software MAR 96 LOTUS CC MAIL
General Software Sep-95 MS ACCESS V2.O FOR WIN MLP 1U LIC
General Software Jan-96 DEC SERVER & DNAS LICIENCE
General Software May-95 DEC SERVER/DNAS LICENSE
General Software Jan-96 DEC SERVER & DNAS LICIENCE
General Software Dec-95 MS VISUAL BASIC x 3
General Software Aug-95 UNIVERSAL YIELD ADD-IN
General Software Oct-95 MS EXCEL V5 FOR WINDOWS
General Software Apr-97 WINFAX PRO V4.0 FOR WINDOWS
General Software Mar-95 MS OFFICE STD
General Software Feb-95 MICROVAX 3100 MODEL / DEC USER LICENCE
General Software Sep-94 MS EXCEL FOR WINDOWS
General Software Mar-95 MS OFFICE STD
General Software Nov-94 MICROSOFT EXCEL FOR WINDOWS
General Software Jan-98 CORNERSTONE UPGRADE AND LICENCES
General Software Total 79 items
Server May-96 ALPHA SERVER 2100 & RACKMOUNT ALPHA SERVER
Server SEP-96 DIGITAL ALPHA SERVER AND VARIOUS OTHER EQUIPMENT
Server Jan-98 GLOSS DEV SERVERS
Server Jul-97 SYBASE SERVER SUN SOLARIS - SUPPORT
Server May-96 VAX 6620 256Mb, 128 Mb ECC MEMORY MOD
Server Jul-98 SUN ULTRA ENTERPRISE
Server Jun-98 DECSERVER 700 TERMINAL SERVER GMB SYS RAM
Server Nov-95 DEC SERVER 700
Server AUG-96 ENTERPRISE SERVER
Server Nov-95 SUN SPARCSTATION 20 * 3
Server May-96 SPARC 110 TX 17"C 21Mb 1.05Gb x2
Server Feb-96 MICROVAX & DEC SERVER x 6
Server NOV-96 MOD 40 ADVANCED SERVERS x2
Server JUL-96 MV3100 MOD 40 ADV SERVER
Server JUL-96 STINGRAY 11 SRCC CONTROLLER
Server NOV-96 UGS10-VBA9A-064ASUN ULTRA 170 UPGRADE
Server JAN-97 DEC NET OSI & MVAX 3100
Server SEP-96 VARIOUS ARCADA COMPUTER SERVERS
Server JAN-97 SUN TYPES UNIX KIT FOR LUX
Server JAN-97 NETFINITY SERVER
Server Jun-97 DSRVW - HC
Server Jun-97 2 NUMBER MULTINET
Server APR-96 DEC SERVER x 5
Server Nov-95 DEC SERVER 700,16 PORT
Server Apr-97 2 NUMBER MULTINET FOR OPEN VMS
Server Jun-97 FLASHCARD AND DNAS
Server Dec-97 NEW SYSTEM XETRA 27.11 EQUITI
Server Jun-98 INSTALLATION OF COMPUTER PRODUCTS
Server Sep-95 DECSERVER 700
Server JUL-96 MV3100 MOD ADV SERVER
Server Nov-95 ALPHASTATION 200/DEC SERVER
Server NOV-96 DEC SERVER 700
Server Nov-95 DEC SERVER 700*4/KME MONITORS*24
Server JAN-97 SIMMONS MAGEE SUN ULTRA M140
Server Jun-97 SUNSPARC WORKS PROF C4.0 SLIM KIT
Server Oct-95 DEC SERVER 700
Server Jun-97 DSRVW - HC
Server NOV-96 TRF FROM SNC
Server Feb-96 DEC SERVER 700.16 PORT RJ45 x 4
Server JAN-97 SERVER FOR SYSTEMS
Server Jan-98 VIDEO SPLITTER AND CABLE
Server May-96 DATA BROADCAST UNIT x 6
Server Jan-96 DECSERVER 700 x 4
Server Oct-95 COMPAQ DAT DRIVE/SERVERS
Server May-97 VAX/VMS CONSOLE
Server Sep-95 DEC SERVER 700 DELIVERY
Server Jan-98 CONNECTIVITY TO REUTERS SESSION SERVER
Server Jan-96 ALPHASTATION 200 32MB & DEC SERVER
Server AUG-96 SERVER PACK x4
Server JUL-96 REMOTE STATUS PANELS x 3
Server DEC-96 ISDN DUAL SERVER
Server Mar-98 SOLARIS 2.6 SYSTEMS ADMIN COUNTER LEVEL 2
Server SEP-96 SUN INTERNAL DISK x2 / SUN SUNSWIFT SBUS ADAPTER
Server JAN-97 KUM SERVESWITCH 16 TO 1/10" MOUSE CABLE X16
Server Feb-96 DEC SERVER 700.16 PORT RJ45 x 2
Server Apr-95 DEC SERVER / DNAS LICENCE
Server Feb-96 DEC SERVER 700.16
Server JUN-96 DEC SERVER 700
Server JUL-96 DEC SERVER 700
Server APR-96 DEC SERVER
Server JUN-96 WORK STATION & SERVER
Server AUG-96 MS W3 NT SERVER
Server JUL-96 MS W3 SERVER 3.51
Server AUG-96 SUPPORTING WINDOWS NT SERVER
Server JAN-97 KUM SWITCH PLUS 4P
Server Oct-95 DEC SERVER 700
Server AUG-96 SUPPORTING WINDOWS NT SERVER
Server SEP-96 SUPPORTING WINDOWS NT SERVER
Server APR-96 VGA VIDEO EXT CABLE
Server Jun-95 DEC SERVER 700
Server Feb-96 DEC SERVER 700.16 PORT RJ45
Server Jan-96 DEC SERVER
Server JAN-97 KUM SERVESWITCH 4 TO 1
Server Aug-95 DEC SERVER
Server Dec-96 DIGITAL EQUIP
Server Sep-95 COMPAQ 2.1GB PLUG FAST-WIDE H/D
Server JAN-97 COMPAQ WINDOWS NT SERVER
Server Mar-95 VAX SERVER AND UPGRADE
Server Mar-95 MICROVAX 3100 MODEL/DEC SERVER
Server Jan-95 BASE SYSTEMS AND DEC SERVERS
Server Jan-95 BASE SYSTEM AND DEC SERVER
Server Jan-95 BASE SYSTEM AND DEC SERVER
Server Jan-95 BASE SYSTEM AND DEC SERVER
Server Jan-95 BASE SYSTEM AND DEC SERVER
Server Oct-94 DESCERVER AND MICRO BASE SYSTEM
Server Dec-94 DEC SERVER 700/16 PORT RJ45
Server Oct-94 DESCERVER FLASH READY & DNAS LICENCE
Server Mar-95 DECSERVER AND ADP RACK
Server Dec-94 DEC SERVER 700,16 PORT RJ45
Server Sep-94 DESCERVER 700
Server May-94 DESERVER 700,FLASH READY 16 LINE RJ45
Server Jul-94 DECSERVER 700, FLASH READY 16 LINE
Server Apr-94 DECSERVER 700
Server Dec-94 IBM LAN SERVER
Server Jul-94 DEC AUI X BNC THINWIRE MAU
Server Apr-94 DEC AUI X BNC
Server Apr-94 DEC AUI X BNC
Server Apr-94 20 MONITER EVM 942
Server Mar-95 MULTINET FOR VAX/SUPPORT FOR SERVER
Server May-94 5 DEC VAX CLUSTER CONSOLES
Server Nov-94 MICRO VAX / DEC SERVER
Server Total 101 items
Systems Dept Jun-98 DEALER SYSTEM
Systems Dept Jun-98 INSTALLATION OF NEW SYSTEMS
Systems Dept APR-96 SYSTEM CONFIGURATION
Systems Dept Oct-97 DEP 50% RE TEL SYSTEM
Systems Dept Feb-96 TELEPHONE SYSTEM
Systems Dept Feb-98 COMPUTER SYSTEM - EQUITIES
Systems Dept Dec-97 DATA CARTRIDGES
Systems Dept Jul-97 SONY DATA TAPES
Systems Dept Feb-96 MX14 CABINATE STATION
Systems Dept Apr-94 SB 504 SYSTEM
Systems Dept Total 10 items
Grand Total
<CAPTION>
US FIXED ASSET CAT SUPPLIER USD USD
<S> <C> <C> <C>
Customer Equipment ALTSTADTBAU 84,257 24,154
Customer Equipment KME 34,949 10,019
Customer Equipment KME 31,330 8,981
Customer Equipment KME 26,145 7,495
Customer Equipment KME 21,832 6,259
Customer Equipment ONLINE 19,536 5,600
Customer Equipment KENT MODULAR ELECT 43,387 3,326
Customer Equipment KME 17,646 5,058
Customer Equipment KME 17,646 5,058
Customer Equipment KME 17,601 5,046
Customer Equipment ON-LINE COMM 35,709 2,738
Customer Equipment KENT MODULAR ELEC 34,656 2,657
Customer Equipment KME 14,117 4,047
Customer Equipment ALPHAN 12,804 3,671
Customer Equipment KENT MODULAR SERV 26,032 1,996
Customer Equipment KME 10,844 3,109
Customer Equipment ONLINE 3,717 3,221
Customer Equipment KME 21,985 1,686
Customer Equipment KME 9,156 2,625
Customer Equipment KME 9,130 2,617
Customer Equipment KME 8,779 2,517
Customer Equipment KME 19,079 1,463
Customer Equipment KME 4,420 1,267
Customer Equipment CITYNE 2,732 1,357
Customer Equipment KME 8,677 665
Customer Equipment SPEAKEASY 3,479 997
Customer Equipment KENT MODULAR ELEC 6,970 534
Customer Equipment CHERNI 6,811 522
Customer Equipment TRONIX 2,809 805
Customer Equipment DATAGUARDIAN 2,581 740
Customer Equipment KME 4,953 380
Customer Equipment CHERNI 4,733 363
Customer Equipment CHERNI 4,733 363
Customer Equipment DATAGUARDIAN 3,867 297
Customer Equipment CHERNI 3,839 294
Customer Equipment CITYNE 2,709 208
Customer Equipment GADC 14,580 -
Customer Equipment KEY COMMS 3,748 -
Customer Equipment KME -
-----------------------
Customer Equipment Total 601,981 122,134
-----------------------
-----------------------
Cabling DATACABLING 24,872 17,825
Cabling ETRALI 31,907 15,847
Cabling DATACABLING 17,588 12,604
Cabling ETRALI 13,674 6,792
Cabling DATA CABLING 16,402 4,702
Cabling SIEMANS 6,968 4,994
Cabling NETRIX CORP 8,026 3,986
Cabling DCS 7,307 3,629
Cabling DATA CABLING 23,588 1,808
Cabling CERTACOM 4,162 2,983
Cabling DCS 5,272 2,618
Cabling DATACABLING 4,690 2,329
Cabling DATA CABLING SERVS 16,734 1,283
Cabling DATACABLING 4,385 2,178
Cabling DCS 3,205 1,592
Cabling DATA CABLING 4,399 1,261
Cabling DCS 2,728 1,355
Cabling DCS 2,578 1,280
Cabling DCS 2,060 1,023
Cabling DATA CAB 5,973 458
Cabling DATA CAB 5,440 417
Cabling DATACA 5,121 393
Cabling ECOM 5,000 383
Cabling SIEMAN 1,313 652
Cabling BRUCHER SA 2,004 574
Cabling DATACABLING 1,875 537
Cabling SIEMEN 1,715 492
Cabling ECOM 3,876 297
Cabling DATA CABLING SERVICES 3,742 287
Cabling DATA CABLING SERVICES 997 495
Cabling DCS 952 473
Cabling DATACABLING 1,297 372
Cabling DATAFO 581 401
Cabling DATA CABLING SERVICES 726 360
Cabling ECOM 1,133 323
Cabling ECOM 2,270 174
Cabling MKI 539 268
Cabling SIEMENS 473 235
Cabling DATACA 471 234
Cabling DATACABLING 710 204
Cabling DATA CABLING SERVICES 1,608 123
Cabling DATACABLING 691 198
Cabling DATACABLING 668 191
Cabling DATACAB 1,474 113
Cabling DATACA 618 177
Cabling BTPRESS 1,399 107
Cabling SIEMENS 355 176
Cabling DCS 341 169
Cabling SIEMENS 336 167
Cabling DATACA 1,156 89
Cabling CARRINGTONS 481 138
Cabling DATACABLING 471 135
Cabling ECOM 457 131
Cabling DATAFORM INSTALL 282 140
Cabling DATACABLING 435 125
Cabling DATACABLING 408 117
Cabling SIEMENS 338 97
Cabling ECOM 736 56
Cabling DACOM 701 54
Cabling DATA CABLING 689 53
Cabling GERTRONICS 167 83
Cabling BLACKBOX 545 42
Cabling DATA CABLING 541 42
Cabling BLACKB 443 34
Cabling PRECIS 413 32
Cabling DACOM 373 29
Cabling DATA CABLING 351 27
Cabling DATA CABLING 348 27
Cabling 1STCONN 343 26
Cabling SIEMENS 72 36
Cabling BME 2,326
Cabling ECOM 444
Cabling BME 386
Cabling BME 2,525
Cabling INCOMM 533 - 27
-----------------------
Cabling Total 270,206 101,025
-----------------------
-----------------------
Network Equipment SIEMANS 180,024 129,017
Network Equipment SIEMEN 191,388 95,056
Network Equipment SIEMENS 234,767 67,300
Network Equipment SIEMAN 54,457 27,047
Network Equipment SIEMENS 182,094 13,961
Network Equipment SIEMEN 49,125 24,399
Network Equipment COMPU 161,281 12,365
Network Equipment MORSE 26,773 19,188
Network Equipment ECOM 37,092 10,633
Network Equipment INFO PRODUCTS 14,476 10,375
Network Equipment SIEMEN 29,485 8,452
Network Equipment DATA GUARDIAN 17,144 8,515
Network Equipment COMPU4 60,028 4,602
Network Equipment ACL 24,726 7,088
Network Equipment SIEMENS 24,623 7,059
Network Equipment MORSE 9,236 8,282
Network Equipment KELTEC 23,618 6,771
Network Equipment SIEMENS NETWORK 21,142 6,061
Network Equipment CERTACOM 9,566 6,856
Network Equipment COMPU 45,821 3,513
Network Equipment SIEMEN 19,662 5,637
Network Equipment SIEMAN 8,485 6,081
Network Equipment SIEMAN 8,485 6,081
Network Equipment SIEMAN 11,689 5,805
Network Equipment SIEMENS 18,052 5,175
Network Equipment SIEMANS 11,482 5,703
Network Equipment SIEMEN 9,972 4,953
Network Equipment AVT 9,477 4,707
Network Equipment SIEMENS 14,341 4,111
Network Equipment SIEMAN 5,719 4,098
Network Equipment SIEMEN 12,326 3,534
Network Equipment SIEMENS 12,281 3,521
Network Equipment CASTLE 4,610 3,995
Network Equipment DCS 7,521 3,735
Network Equipment SIEMAN 8,427 3,615
Network Equipment SIEMEN 10,804 3,097
Network Equipment CASTLE 20,750 1,591
Network Equipment SIEMENS NETWORK SYSTEMS LTD 3,438 2,979
Network Equipment NET GEN 20,282 1,555
Network Equipment NC INC 8,379 2,402
Network Equipment SIEMAN 3,846 2,756
Network Equipment SIEMAN 3,188 2,763
Network Equipment SIEMAN 5,110 2,538
Network Equipment SIEMAN 3,047 2,641
Network Equipment BLACKB 5,232 2,244
Network Equipment DATACA 4,593 2,281
Network Equipment SMC 4,427 2,199
Network Equipment INTERNET 6,690 1,918
Network Equipment SIEMENS 6,506 1,865
Network Equipment SIEMEN 6,458 1,851
Network Equipment BLACKBOX 6,314 1,810
Network Equipment INFO 4,002 1,987
Network Equipment SIEMAN 3,784 1,879
Network Equipment INFO PRODUCTS 2,701 1,936
Network Equipment INFO PRODUCTS 2,701 1,936
Network Equipment SIEMAN 3,401 1,689
Network Equipment COMPU 12,187 934
Network Equipment SIEMEN 3,244 1,611
Network Equipment SIEMEN 3,223 1,601
Network Equipment SIEMAN 3,210 1,594
Network Equipment ECOM TECHNICAL LTD 5,031 1,442
Network Equipment SIEMAN 3,180 1,580
Network Equipment SIEMENS 4,901 1,405
Network Equipment SIEMEN 4,040 1,158
Network Equipment ECOM 4,024 1,154
Network Equipment SIEMAN 2,523 1,253
Network Equipment INFO PRODUCTS 1,801 1,291
Network Equipment INFO PRODUCTS 1,801 1,291
Network Equipment CASTLETON 3,858 1,106
Network Equipment ECOM 8,311 637
Network Equipment RESOLV 8,215 630
Network Equipment SIEMENS 3,290 943
Network Equipment SIEMEN 3,229 926
Network Equipment BLACKB 1,985 986
Network Equipment NETWOR 7,034 539
Network Equipment WADSWORTH 6,861 526
Network Equipment CASTLE 6,559 503
Network Equipment AVT 1,763 876
Network Equipment RESOLV 6,236 478
Network Equipment RESOLVE 2,442 700
Network Equipment SIEMAN 1,528 759
Network Equipment ECOM TECH SERVICES LTD 2,356 676
Network Equipment CASTLETON 5,431 416
Network Equipment ECOM TECHNICAL LTD 2,181 625
Network Equipment ECOM TECH SERVICES LTD 1,999 573
Network Equipment ECOM 4,537 348
Network Equipment SIEMENS 1,799 516
Network Equipment CASTLE 3,812 292
Network Equipment DATAGU 3,386 260
Network Equipment NETSOF 3,122 239
Network Equipment UUNET 794 394
Network Equipment CASTLE 2,507 192
Network Equipment SMC 508 252
Network Equipment RESOLV 67,508 -
Network Equipment CASTLETON 25,069 -
Network Equipment IPC 8,148 -
Network Equipment IPC 8,120 -
Network Equipment IPC 5,441 -
Network Equipment CASTLETON 5,326 -
Network Equipment IPC 4,814 -
Network Equipment MTI 4,120 -
Network Equipment CASTLE 3,559 -
Network Equipment COMSOL 2,006 -
Network Equipment CI NETWORKS 3,776 -
Network Equipment ECOM 2,387 -
Network Equipment CASTLE 10,652 - 533
-----------------------
Network Equipment Total 1,988,885 623,379
-----------------------
-----------------------
General Software Wilco International Ltd 55,598 39,845
General Software NEWBRI 71,666 35,594
General Software REALTIME SYSTEMS AG 49,210 24,441
General Software STERLI 47,245 20,265
General Software Wilco International Ltd 24,463 21,201
General Software COMPUTACENTER 51,411 14,738
General Software DIGIFEED CONSULTANTS LTD CFI/XETRA- 19,062 16,521
General Software INTERCOM DATA SYSTEMS PLC 44,627 12,793
General Software Wilco International Ltd 19,062 13,661
General Software JONATHON PINNOCK & ASSOCIATES 15,885 13,767
General Software DOW JONES 36,532 10,472
General Software HEROIX 15,409 11,043
General Software CITMAX 22,566 9,679
General Software CITIMAX 71,126 5,453
General Software CITMAX 14,117 10,117
General Software HEROIX 10,802 9,362
General Software DIGIFEED CONSULTANTS LTD CFI/XETRA- 9,531 8,260
General Software DIGIFEED CONSULTANTS LTD CFI/XETRA- 9,531 8,260
General Software 21,489 6,160
General Software SIEMENS NETWORK SYSTEMS LTD 7,486 6,488
General Software PROMOTIO 7,128 6,275
General Software HEROIX 11,825 5,873
General Software INFO PRODUCT UK 18,292 5,244
General Software SCHMIHO 6,989 6,058
General Software SCHMIHO 6,989 6,058
General Software ROYBLU 11,003 5,465
General Software HEROIX 6,672 5,782
General Software INFO PRODUCT UK 16,289 4,669
General Software MARVIN SOFTWARE 6,989 5,009
General Software COMPUTCENTER 6,831 4,895
General Software PETERBOROUGH 33,400 2,561
General Software TELERA 8,958 4,449
General Software COMPU 13,610 3,902
General Software 3V FINANCE 7,974 3,921
General Software HEROIX 3,812 3,304
General Software MOOSMULLER 5,844 2,902
General Software CSF SYSTEMS 20,502 1,572
General Software MARVIN 5,592 2,777
General Software HEROIX 17,381 1,333
General Software MAMDOUH BARAKAT 4,665 2,317
General Software RESOLVE 16,848 1,292
General Software ESSENT 4,103 2,038
General Software VAT POSTED IN ERROR 2,237 2,050
General Software MUREZ 3,847 1,911
General Software INFO SYSTEMS 5,078 1,456
General Software COMPUTACENTER 5,027 1,441
General Software COMPUTACENTER 4,733 1,357
General Software COMPUTER CENTRE 2,691 1,337
General Software COMPUCENTRE 3,690 1,058
General Software COMPUTERCENTRE 1,685 1,208
General Software COMPUTERCENTRE 3,486 999
General Software COMPUTACENTER 3,239 928
General Software PROMOTIO 1,490 1,068
General Software PROMOTIO SOFTWARE 2,038 1,012
General Software COMPUCENTRE 3,160 906
General Software COMPUCENTRE 2,909 834
General Software COMPUCENTRE 2,905 833
General Software SAUNDERS DATA 1,671 830
General Software INFO PRODUCTS LTD 5,534 424
General Software COMPU 1,816 521
General Software COMPUCENTRE 1,804 517
General Software SOP HOS 1,612 462
General Software UNKNOWN 595 515
General Software UNKNOWN 595 515
General Software COMPUSERVE 3,516 270
General Software COMPU 3,327 255
General Software RESOLVE 3,112 239
General Software RESOLV 3,016 231
General Software RESOLVE 3,005 230
General Software COMPUTACENTRE 2,917 224
General Software FINSYS 2,101 161
General Software COMPU 1,812 139
General Software COMPUTACENTER 103 51
General Software CORPOR 20,120 -
General Software RESOLV 14,389 -
General Software COMPUTA 1,799 -
General Software CORPOR 1,745 -
General Software CORCOM 3,105 - 155
General Software CONCISE SOFTWARE LIMITED 10,834 - 1,083
-----------------------
General Software Total 995,252 408,556
-----------------------
-----------------------
Server KELTEC 212,705 60,975
Server CSF SYSTEMS 171,321 49,112
Server INFO 73,008 52,322
Server SYBASE 60,630 30,113
Server CSF SYSTEMS 88,229 25,292
Server INFO 39,511 28,316
Server DATACOM CABLING 32,024 22,951
Server AVT 12,010 10,408
Server RESOLVE 30,554 8,759
Server RESOLV 69,127 5,300
Server MORSE 28,671 8,219
Server RESOLVE 51,675 3,962
Server RESOLVE 21,539 6,174
Server RESOLVE 21,455 6,150
Server MTI 20,449 5,862
Server RESOLVE 20,199 5,790
Server KELTEC 20,001 5,734
Server INFO PRODUCT UK 18,396 5,273
Server SIMMAG 17,669 5,065
Server COMPU 17,093 4,900
Server RESOLV COMPUTERS 10,478 5,204
Server IIS 9,001 4,471
Server AVT 12,172 3,489
Server RESOLV 27,898 2,139
Server IIS 7,201 3,577
Server RESOLV COMPUTERS 7,165 3,559
Server RTS 6,766 3,361
Server MORSE 4,676 3,351
Server SB SEVICES 22,484 1,724
Server RESOLVE 9,598 2,751
Server RESOLV 21,729 1,666
Server AVT SYSTEMS LIMITED 7,936 2,275
Server AVT 18,201 1,395
Server SIMMAG 6,022 1,726
Server SIMMONS MAGEE PLC 3,720 1,848
Server RESOLV 12,925 991
Server RESOLV COMPUTERS 3,493 1,735
Server KELTEC 5,430 1,557
Server RESOLVE 12,417 952
Server COMPU 5,174 1,483
Server BLACKB 2,314 1,659
Server BLACKBOX 4,700 1,347
Server AVT SYSTEMS 9,629 738
Server CORPOR 9,572 734
Server CSF SYSTEM 2,623 1,303
Server AVT 9,493 728
Server SIEMANS 2,588 1,286
Server RESOLVE 9,330 715
Server MORSE 3,630 1,041
Server CPS 3,472 995
Server SIEMEN 3,472 995
Server RESOLV 2,144 1,065
Server MORSE 3,067 879
Server BLACK BOX 2,993 858
Server RESOLVE 6,222 477
Server RESOLV 6,024 462
Server RESOLVE 5,983 459
Server AVT 2,494 715
Server AVT 2,460 705
Server AVT 2,431 697
Server COMPUTERCENTRE 2,368 679
Server COMPUCENTRE 2,361 677
Server COMPUCENTRE 2,361 677
Server ERROR 2,240 642
Server BLACK BOX 2,115 606
Server AVT 4,815 369
Server COMPUCENTRE 2,007 575
Server COMPUTACENTER 2,007 575
Server BLACKBOX 1,981 568
Server RESOLV 3,013 231
Server RESOLVE 3,005 230
Server RESOLVE 2,996 230
Server BLACK BOX 1,251 359
Server RESOLVE 2,756 211
Server 996 285
Server COMPU 1,851 142
Server COMPU 266 76
Server MTI 83,750 -
Server RESOLV 22,505 -
Server RESOLV 22,501 -
Server RESOLV 11,253 -
Server RESOLV 11,253 -
Server RESOLV 11,253 -
Server RESOLV 11,250 -
Server RESOLVE 11,245 -
Server RESOLV 9,080 -
Server RESOLVE 6,036 -
Server ONLINE 4,881 -
Server RESOLV 3,136 -
Server RESOLVE 3,130 -
Server RESOLVE 2,906 -
Server RESOLVE 2,804 -
Server RESOLVE 2,794 -
Server CORCOM 2,405 -
Server RESOLVE 11,269 -
Server RESOLVE 11,231 -
Server RESOLVE 11,231 -
Server COSGEM 11,142 -
Server HARRIER 4,758 -
Server RESOLV 9,183 -
Server RESOLVE 11,245 - 562
-----------------------
Server Total 1,666,019 424,359
-----------------------
-----------------------
Systems Dept ALBACOM 211,060 151,260
Systems Dept DOW 51,627 44,743
Systems Dept INFO 13,866 3,975
Systems Dept BEPS 3,962 1,968
Systems Dept SYNTEGRA 9,780 750
Systems Dept RTS 2,460 1,222
Systems Dept AKMARK 2,545 1,092
Systems Dept AKMARK 1,881 934
Systems Dept AIR TUBE 4,867 373
Systems Dept SPEKABUS 10,289 -
-----------------------
Systems Dept Total 312,337 206,317
-----------------------
-----------------------
------------------------ -----------------------
Grand Total 5,834,681 1,885,770
------------------------ -----------------------
------------------------ -----------------------
Prepaid Rent & Rates $321,439
</TABLE>
<PAGE>
SCHEDULE 1.1 Part B
<PAGE>
SCHEDULE 1.1 Part B
TRANSFERRED ASSETS
DESCRIPTION OF ASSETS
TRADEMARKS
None
INTERNET DOMAIN NAMES
Domain names currently registered in the name of Cantor Fitzgerald
International.
France
espeed.com.fr
Germany
espeed.de
Japan
espeed.co.jp
South Africa
espeed.co.za
United Kingdom
e-speed.co.uk
espeed.co.uk
espeedbonds.co.uk
espeedtrade.co.uk
<PAGE>
COMPUTER SOFTWARE, FILES AND INTELLECTUAL PROPERTY
<TABLE>
<CAPTION>
section_names sub_section application_names
<S> <C> <C>
ACCOUNTS, COMPLIANCE and PAYROLL ACCOUNTS Give_Up_Report
ACCOUNTS, COMPLIANCE and PAYROLL ACCOUNTS GMI - Daily Brokerage Report
ACCOUNTS, COMPLIANCE and PAYROLL ACCOUNTS Principal Trades
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Accounts
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Bond Give Ups
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Compliance - VAT, FSA, BAWE etc
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Confirmations
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - FX Options
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - LA Equities
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Reports (internal)
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Settlement (manual)
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - Trade Input and Amendments
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - BACK OFFICE and SETTLEMENTS HOLLY - UK Equities - ARROW replacement
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - INDEPENDENT TRADE FEEDS HOLLY - Derivatec feed
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - INDEPENDENT TRADE FEEDS HOLLY - Cleared Trades
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - INDEPENDENT TRADE FEEDS HOLLY - Give Ups - FX Options
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - INDEPENDENT TRADE FEEDS HOLLY - Give Ups - Repo desk (Ticketboy)
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Boaf
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Ingrid - Wash trades
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Profit and Loss
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Rest of Middle Office
BACK OFFICE AND SETTLEMENT SYSTEMS HOLLY - MIDDLE OFFICE HOLLY - Risk Credit
BACK OFFICE AND SETTLEMENT SYSTEMS MIDDLE OFFICE Broker Checkout
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Comms Access applications
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Employee Holiday Management
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Equipment_Database
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Market_Data_Management
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Purch_Requisition
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Repos Trade Reporting - Ticket Boy
PROGRAMME DEVELOPMENT GROUP PDG - ACCESS Temps & Contractors
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Frankfurt - *SPREAD
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Frankfurt - non critical spreadsheets
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Milan Databases (non critical)
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Milan Spreadsheets (non critical)
PROGRAMME DEVELOPMENT GROUP PDG - EUROPEAN APPLICATIONS Paris Spreadsheets (non critical)
PROGRAMME DEVELOPMENT GROUP PDG - SPREADSHEET $ Spreadsheets
PROGRAMME DEVELOPMENT GROUP PDG - SPREADSHEET $IRS (Ldn:3)
PROGRAMME DEVELOPMENT GROUP PDG - SPREADSHEET Euro currency Swaps - (LUIGI_TEL.XLS)
PROGRAMME DEVELOPMENT GROUP PDG - SPREADSHEET IRSBUND_BTP
PROGRAMME DEVELOPMENT GROUP PDG - Sybase Applications Babe
PROGRAMME DEVELOPMENT GROUP PDG - Sybase Applications Brodby
PROGRAMME DEVELOPMENT GROUP PDG - VB Basis calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Cantor Price
PROGRAMME DEVELOPMENT GROUP PDG - VB Equities calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Exchange Traded Options calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Futures calculator/Net Basis
PROGRAMME DEVELOPMENT GROUP PDG - VB FX Forwards calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB FX Volatility surface
PROGRAMME DEVELOPMENT GROUP PDG - VB FX Whiteboard
PROGRAMME DEVELOPMENT GROUP PDG - VB GDR calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Gilt calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB IRS Bund Asset Swaps
PROGRAMME DEVELOPMENT GROUP PDG - VB OTS Options Trade Detais
PROGRAMME DEVELOPMENT GROUP PDG - VB Rand Swaps
PROGRAMME DEVELOPMENT GROUP PDG - VB Repo calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB SWAPS Credit
PROGRAMME DEVELOPMENT GROUP PDG - VB SWAPS Spread Matrix
PROGRAMME DEVELOPMENT GROUP PDG - VB Switch calculator
PROGRAMME DEVELOPMENT GROUP PDG - VB Yield calculators
TRADING SYSTEMS - VAX & ALPHA ALPHA CS_LIFFERPC_SERVER
TRADING SYSTEMS - VAX & ALPHA ALPHA GDR_RPCSPEED
TRADING SYSTEMS - VAX & ALPHA ALPHA GTS - Mole
TRADING SYSTEMS - VAX & ALPHA ALPHA GTS - Trading System
TRADING SYSTEMS - VAX & ALPHA ALPHA STX_READER
TRADING SYSTEMS - VAX & ALPHA ALPHA TRADE_MONITOR_INTERFACE
TRADING SYSTEMS - VAX & ALPHA VAX BASIC - Trading System
TRADING SYSTEMS - VAX & ALPHA VAX CFTS - LONDON - Trading System
TRADING SYSTEMS - VAX & ALPHA VAX conx_writer
TRADING SYSTEMS - VAX & ALPHA VAX ed_200c
TRADING SYSTEMS - VAX & ALPHA VAX ed132
TRADING SYSTEMS - VAX & ALPHA VAX GTS Archiver
TRADING SYSTEMS - VAX & ALPHA VAX GTS Maintenance
TRADING SYSTEMS - VAX & ALPHA VAX GTS SQLNETSERVER
TRADING SYSTEMS - VAX & ALPHA VAX Liffe - LMF
TRADING SYSTEMS - VAX & ALPHA VAX reconclient
TRADING SYSTEMS - VAX & ALPHA VAX reconrpc_server
TRADING SYSTEMS - VAX & ALPHA VAX reconserver
TRADING SYSTEMS - VAX & ALPHA VAX speedout_udp
TRADING SYSTEMS - VAX & ALPHA VAX sprsht
TRADING SYSTEMS - VAX & ALPHA VAX ticker_input
TRADING SYSTEMS - VAX & ALPHA VAX ticket_process
TRADING SYSTEMS - VAX & ALPHA VAX write_transaction_log
GLOSS - such rights as may exist in GLOSS.
</TABLE>
<PAGE>
SCHEDULE 1.1 Part C
<PAGE>
SCHEDULE 1.1 Part C
CANTOR FITZGERALD INTERNATIONAL
ASSIGNED CONTRACTS
1. ARC Serve IT - getting started manual.
2. Automated Confirmation Services Limited - Agreement of 16 December 1993.
3. City Networks Limited - Software Licence Agreement of 16 December 1993.
4. Computer Information Software Ltd (now Heroix) - Software Licence
Agreement and Software Support Agreement both of 31 August 1993.
5. Compaq Computer Limited - Customer Services Agreement of 1 November 1998.
6. Dell Products - Agreement in the form of Terms and conditions of 14
October 1998.
7. Digifeed Consultants Limited - Agreement of 30 September 1998.
8. Essential Computing Ltd - Maintenance Software Agreement of 30 November
1993.
9. Heroix Corporation Limited - Software Licence Agreement and Software
Support Agreement both of 30 October 1995.
10. Intercom Data Systems plc, (now Royal Blue Financial Plc) - Software
Product licences, Support and Service, Master Agreement of 20 August 1996.
11. Internet and Intranet Solutions Limited trading as Intranet Solutions -
undated Agreement.
12. Info' Products UK PLC (now CompelSource Limited) - Maintenance Support
Services Agreement no. SS/10734 of 12 April 1997.
13. KPNQWest Services Limited Service Contract - for MMBS Services (undated).
14. Marvin Software PLC - Site Licence and Agreement and Software Maintenance
Agreement undated.
15. Morse Group Limited - 1 October 1999 Agreement for the supply of goods and
services.
16. RA Computers SpA - anti-money laundering software terms and conditions
undated.
<PAGE>
17. RTS Realtime Systems AG - Licence Contract for Software Products and
Maintenance of Software Products both of 15 January 1997.
18. Siemens Network Systems Limited - Customer Services Network Support
Agreement of 6 October 1998.
19. Soft Option Systems Limited (now ACT Limited) - Software Licence
Agreement and Maintenance and Support Agreement both of 14 November 1997.
20. Soft Options Systems Limited, CFI and ACT Financial Systems Limited -
Deed of Novation of Licence and Maintenance Contracts of 14 November
1997 of 26 October 1999.
21. Software Partners 32 Inc.- Software Licence.
22. Sophos PLC - Sophos Anti Virus Software Licence Agreement in or about April
1999 and all other licenses with Sophos.
23. Sun Microsystems Ltd - Undated Support Agreement.
24. Thomson Financial Services Ltd - OASYS Global Broker Agreement Schedule of
16 January 1995.
25. Tresol (Treasury) Solutions Limited - Software Development and Support
Agreement of 30 January 1998.
26. The Public IP Exchange Limited, (trading as UUNET)- Terms and Conditions
of Supply of 16 October 1998.
27. Wilco International Ltd - Product Licence Agreement for Software Modules
and Support of 6 May 1997
Consultancy and temporary contracts
-----------------------------------
1. Grant Abbot of 4 August 1999.
2. Jane Hills of 26 July 1999.
3. Jonathon Pinnock and Associates of 22 October 1999.
4. Richard Mangles of 29 November 1999.
5. Richard Pickston of 30 October 1999.
6. Ian Rosen of 31 July 1999.
7. Surj Sandher of 13 September 1999.
8. David Smith of 8 November 1999.
9. Kim Whitworth of 25 November 1999.
2
<PAGE>
10. Rajesh Vaja of 14 October 1999.
11. Ian Young of 26 October 1999.
Mutual Non-Disclosure or Confidentiality Agreement
--------------------------------------------------
1. Alydaar Software Corporation - undated.
2. ECCO Consulting Ltd. - 7 October 1999.
3. PKS Systems Integration (UK) Limited - __ May 1998.
4. SCS Systems (UK) Ltd - 16 November 1999.
The above constitutes the best available list at this time of correct
and complete Assigned Contracts together with all amendments,
supplements and other instruments (including side letters) thereto.
3
<PAGE>
Schedule 1.2(f) - Agreements Among Cantor Fitzgerald, L.P.,
Market Data Corporation and Reuters Limited
1. Agreement between Reuters America, Inc. and Market Data Corporation.
2. Amendment to Reuters Services Contract, dated January 22, 1993, between
Market Data Corporation and Reuters America Inc.
3. Letter, dated April 14, 1994, to Cantor Fitzgerald L.P. and Market Data
Corporation, from Reuters Limited.
4. Letter Agreement, dated August 25, 1994, among Reuters Limited, Cantor
Fitzgerald, L.P. and Market Data Corporation.
5. Data Purchase, Data Product Agency and Electronic Trading System
Agreement, dated January 22, 1993, among Reuters Limited, Cantor
Fitzgerald, L.P. and Market Data Corporation.
6. License Agreement, dated January 22, 1993, between Cantor Fitzgerald,
L.P. and Market Data Corporation.
7. Electronic Trading of Municipal Fixed Income Securities/ "Bid Wanted"
Letter Agreement, dated January 22, 1993, between Cantor Fitzgerald,
L.P. and Reuters Limited.
8. Proposed Agency Agreement Letter, dated January 22, 1993, between
Market Data Corporation and Reuters Limited.
9. Canadian Data Letter Agreement, dated September 15, 1993, among Cantor
Fitzgerald, L.P., Market Data Corporation and Reuters Limited.
10. ETS-I Intellectual Property Agreement, dated September 21, 1993, among
Cantor Fitzgerald, L.P., Market Data Corporation and Reuters Limited.
11. Letter Agreement, dated November 24, 1993, among Cantor Fitzgerald,
L.P., Market Data Corporation and Reuters Limited.
12. All agreements relating to "Information" as that term is defined in the
Joint Services Agreement and not listed in Schedule 1.02(f).
<PAGE>
Schedule 1.2(g) - Agreements
Among Telerate, Cantor Fitzgerald Securities
and Market Data Corporation
1. Letter Agreement, dated December 15, 1989, between Telerate Systems
Incorporated and Market Data Corporation.
2. Letter Agreement, dated February 23, 1990, between Telerate Systems
Incorporated and Market Data Corporation.
3. Letter of Intention from Telerate, Inc., dated February 23, 1990, and
Agreed to and Acknowledged by Cantor Fitzgerald Securities Corp. and
Market Data Corporation.
4. Letter Agreement, dated February 23, 1990, among Cantor Fitzgerald
Corporate Brokers, Inc., Cantor Fitzgerald Incorporated, Cantor
Fitzgerald (UK) Limited, Cantor Fitzgerald Securities Corp., Cantor
Fitzgerald Municipal Brokers, Inc. and Agreed to and Acknowledged by
Market Data Corporation.
5. Letter Agreement, dated February 23, 1990, between Cantor Fitzgerald
Securities Corp. and Market Data Corporation.
6. Agreement, dated February 23, 1990, between Telerate, Inc. and Cantor
Fitzgerald Securities Corp.
7. Master Optional Service Agreement, dated February 23, 1990, between
Telerate, Inc. and Market Data Corporation.
8. Letter Agreement, dated May 16, 1991, among Telerate Inc., Cantor
Fitzgerald Securities Corp. and Market Data Corporation modifying the
Agreement, dated February 23, 1990, between Telerate, Inc. and Cantor
Fitzgerald Securities Corp. and the Master Optional Service Agreement,
dated February 23, 1990, between Telerate, Inc. and Market Data
Corporation.
9. Letter Agreement, dated July 8, 1991, between Cantor Fitzgerald
Securities Corp. and Telerate, Inc. modifying the Agreement, dated
February 23, 1990, between Telerate, Inc. and Cantor Fitzgerald
Securities Corp.
10. Letter Agreement, dated December 22, 1994, between J.J. Kenny Co.,
Inc. and Dow Jones Telerate.
11. Letter Agreement, dated February 6, 1995, between Market Data
Corporation and Dow Jones Telerate Holdings, Inc.
<PAGE>
12. Letter Agreement, dated February 27, 1995, between Dow Jones & Company,
Inc., Cantor Fitzgerald Securities and Market Data Corporation.
13. 1995 Amendment of the Agreement, dated February 23, 1990, between
Telerate, Inc. and Cantor Fitzgerald Securities Corp., as previously
amended.
14. 1995 Amendment of the Master Optional Services Agreement, dated
February 23, 1990, between Telerate, Inc. and Market Data Corporation,
as previously amended.
15. Settlement Agreement, dated February 27, 1995, among Dow Jones Telerate
Holdings, Inc., Dow Jones Telerate, Inc., Cantor Fitzgerald Securities
and Market Data Corporation.
16. All agreements relating to "Information" as that term is defined in the
Joint Services Agreement and not listed in Schedule 1.02(g).
<PAGE>
SCHEDULE 1.3 - Assumed Liabilities
Mm
Accrued Bonus $1,257,377
Accrued Temporary Staff and Contractors $ 561,149
Accrued Overhead Expenditure $ 212,675
<PAGE>
SCHEDULE 2.1 SYSTEMS DEVELOPMENT
Employee Employee Name Date of Start
Number
7909 Mr Eugene Alexander 3/29/1999
8093 Mr David S Allewell 9/13/1999
7733 Mr Tobias J Anscombe 7/6/1998
4220 Mr Alastair J D Beadle 1/23/1995
3570 Mr Simon G Bisson 4/5/1994
8005 Mr Nicholas Buller 6/28/1999
7994 Mr Michael Cassin 5/4/1999
7567 Miss Alexia Constantine 11/17/1997
7305 Mr Neil Cunningham 6/30/1997
7779 Mr Duncan Dacombe 9/21/1998
7521 Mr Nicholas Dacres 11/24/1997
7085 Dr David A Garbutt 1/1/1997
7557 Mr Paul G Glynn 11/24/1997
5215 Mr Richard P Goodman 9/25/1995
2310 Mr Timothy P Harris 1/4/1993
8082 Mr Michael P Hermiston 9/13/1999
8001 Mr George Howard 7/5/1999
7252 Mr Ajaz Khan 5/19/1997
8100 Mr Neil Mitchell 9/20/1999
7720 Mrs Jane Partridge 7/29/1998
8112 Mr Maurizio Pietrini 10/18/1999
380 Mr Martin Powell 6/12/1991
395 Mr Matthew J Smith 1/29/1990
7858 Mr Aaron W Smith 12/7/1998
7830 Mr Alan Stepnell 11/9/1998
4015 Mr Martin J Threadgold 11/21/1994
7867 Mr Ian Tinsdale 12/21/1998
7690 Mr Neil S Warden 11/27/1997
7987 Mr Michael J J Westlake 6/21/1999
410 Mr Thomas D Whiteside 3/25/1991
8015 Mr Graeme C Williams 6/10/1999
7287 Mr Robert Woodmansey 7/1/1997
<PAGE>
SCHEDULE 2.1 SYSTEMS DELIVERY
Employee Employee Name Date of Start
Number
7848 Mr Charles K Ashiagbor 11/25/1998
7732 Mr Wayne Barnard 6/29/1998
7667 Ms Sharon M Bentley 5/11/1998
7438 Mr Sam J Bolden 9/1/1997
7665 Mr Mark Boyall 4/22/1998
7476 Mr Kevin A Brennan 9/8/1997
7756 Miss Deborah Caven 7/29/1998
8121 Mr Christopher J Chapman 11/10/1999
7995 Mr Daniel Chitty 6/7/1999
7962 Mr Simon W Cole 4/19/1999
7694 Miss Leeann Cronin 5/1/1998
7337 Mr Andrew Dalton 9/1/1997
7820 Mr Mark Dianora 10/5/1998
8028 Mr Ian E Dobson 7/19/1999
7770 Miss Melissa C Etherington 8/26/1998
7064 Mr Paul M Farquharson 1/13/1997
7754 Mr Alan F Farrell 9/1/1998
7960 Mr Kevin Fenn 3/22/1999
7000 Mr Andrew Forder 12/9/1996
7691 Mr Giles French 6/17/1998
7648 Mr Steve Fujimura 3/17/1998
7077 Mr Luigi Fumarola 1/7/1997
8069 Mr Ammar N Ghouse 9/6/1999
8055 Mr Ronald L Gilligan 8/2/1999
8120 Mr Luke Goodland 10/28/1999
5850 Mr David P House 3/13/1996
Mr Daryl Houston
7809 Mr Owen K Jackman 9/21/1998
3100 Mr Dinesh Kerai 10/4/1993
7834 Mr Golam F Khan 11/23/1998
8135 Mr Asif Khan 11/1/1999
7628 Mr Francois Kiers 3/2/1998
3690 Mr Andrew Kindell 7/12/1994
7882 Mr Stuart King 1/14/1999
7963 Ms Vicky L Knight 4/19/1999
8017 Mr Bruce A Laverock 7/19/1999
7916 Mr Daniel Lloyd 3/1/1999
7752 Mr Alexander J Logan 8/24/1998
7785 Miss Olive Marry 10/26/1998
7923 Mr Sarju Mashru 2/25/1999
7352 Mr Barry J McMullan 8/18/1997
3705 Mr Robert Meredith 7/11/1994
8128 Mr Sean Milligan 11/1/1999
7511 Mr Darren Monksfield 11/10/1997
7989 Mr Dean R Monksfield 5/4/1999
7673 Mrs Carolyne A Moss 6/1/1998
3115 Mr Dean Mott 10/1/1993
<PAGE>
Mr Vincent Norris
7435 Mr Andrew G Overbeck 9/1/1997
8047 Miss Rakhi Patel 7/21/1999
7659 Mr Andrew Pears 5/11/1998
7961 Ms Patricia Peterson 3/22/1999
7753 Mr Darren Regan 7/22/1998
7746 Mr Christian D Richards 7/20/1998
7098 Mr David Rix 3/3/1997
7970 Ms Natalie Rook 3/29/1999
8143 Mr Olubowale O A Sangosanya 11/29/1999
5580 Mr Chris Saunders 1/15/1996
7833 Mr Stephen Smart 10/26/1998
7946 Mr Delroy Smith 3/29/1999
8016 Mr Lyndon S Smith 6/14/1999
4500 Miss Samantha L Steven 5/30/1995
4645 Ms Meletha Thompson 7/17/1995
7896 Mr David G Thomson 1/25/1999
4690 Mr Shaukatali H Visram 8/1/1995
7509 Mr Michael J Webb 10/6/1997
7166 Mr David Wells 3/3/1997
7548 Mr Michael White 1/5/1998
7919 Ms Sue Whittaker 2/15/1999
<PAGE>
SCHEDULE 3
The following are contracts, the terms of which require that the consent
of a third party be obtained before they are assigned, and therefore are
disclosed against the warranty given in Section 3.3:
1. ARC Serve IT - getting started manual.
2. Automated Confirmation Services Limited - Agreement of 16 December 1993.
3. City Networks Limited - Software Licence Agreement of 16 December 1993.
4. Computer Information Software Ltd (now Heroix) - Software Licence
Agreement and Software Support Agreement both of 31 August 1993.
5. Compaq Computer Limited - Customer Services Agreement of 1 November 1998.
6. Dell Products - Agreement in the form of Terms and conditions of 14 October
1998.
7. Intercom Data Systems plc, (now Royal Blue Financial Plc) - Software
Product licences, Support and Service, Master Agreement of 20 August 1996.
8. Internet and Intranet Solutions Limited trading as Intranet Solutions -
undated Agreement.
9. Info' Products UK PLC (now CompelSource Limited) - Maintenance Support
Services Agreement no. SS/10734 of 12 April 1997.
10. KPNQWest Services Limited Service Contract - for MMBS Services (undated).
11. Marvin Software PLC - Site Licence and Agreement and Software Maintenance
Agreement undated.
12. Morse Group Limited - 1 October 1999 Agreement for the supply of goods and
services.
13. RA Computers SpA - anti-money laundering software terms and conditions
undated.
14. RTS Realtime Systems AG - Licence Contract for Software Products and
Maintenance of Software Products both of 15 January 1997.
15. Siemens Network Systems Limited - Customer Services Network Support
Agreement of 6 October 1998 and any other contracts related to maintenance
services provided by Siemens.
16. Soft Option Systems Limited (now ACT Limited) - Software Licence Agreement
and Maintenance and Support Agreement both of 14 November 1997.
17. Soft Options Systems Limited, CFI and ACT Financial Systems Limited - Deed
of Novation of Licence and Maintenance Contracts of 14 November 1997 of 26
October 1999.
<PAGE>
18. Software Partners 32 Inc.- Software Licence.
20. Sophos PLC - Sophos Anti Virus Software Licence Agreement in or about April
1999 and all other licenses with Sophos.
21. Sun Microsystems Ltd - Undated Support Agreement.
22. Thomson Financial Services Ltd - OASYS Global Broker Agreement Schedule of
16 January 1995.
23. Tresol (Treasury) Solutions Limited - Software Development and Support
Agreement of 30 January 1998.
24. Wilco International Ltd - Product Licence Agreement for Software Modules
and Support of 6 May 1997
Consultancy and temporary contracts
-----------------------------------
1. Grant Abbot of 4 August 1999.
2. Jane Hills of 26 July 1999.
3. Jonathon Pinnock and Associates of 22 October 1999.
4. Richard Mangles of 29 November 1999.
5. Richard Pickston of 30 October 1999.
6. Ian Rosen of 31 July 1999.
7. Surj Sandher of 13 September 1999.
8. David Smith of 8 November 1999.
9. Kim Whitworth of 25 November 1999.
10. Rajesh Vaja of 14 October 1999.
11. Ian Young of 26 October 1999.
Mutual Non-Disclosure or Confidentiality Agreement
--------------------------------------------------
1. Alydaar Software Corporation - undated.
2. ECCO Consulting Ltd. - 7 October 1999.
3. PKS Systems Integration (UK) Limited - _ May 1998.
4. SCS Systems (UK) Ltd - 16 November 1999.
<PAGE>
Leases
------
1. Agreement of 31 May 1997 between ECS International UK Limited and
Cantor Fitzgerald Leasing and all subsequent agreements and schedules
in relation thereto.
2. Undated sublease agreement between Cantor Fitzgerald Leasing and Cantor
Fitzgerald International.
SCHEDULE 3.4 - Permits
None
SCHEDULE 3.5 - Title to Assets
The following are leasing contracts affecting Transferred Assets and are
therefore disclosed against the warranty given in Section 3.5:
Lombard
1. Master Hiring Agreement of 9 December 1996 between Cantor Fitzgerald
International and Lombard Network Services Ltd and all schedules,
agreements and leases in relation thereto.
GE Capital
2. Operating Sublease of 25 June 1997 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International.
3. Agreement to Acquire of 8 July 1997 between GE Capital Services (EEF)
Limited and Cantor Fitzgerald International.
4. Agreement to Acquire of 8 July 1997 between GE Capital Services (EEF)
Limited, Cantor Fitzgerald L.P. and Cantor Fitzgerald International.
5. Operating Sublease of 20 January 1999 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International
6. Purchase Agency Agreement of 12 February 1999 between GE Capital Services
(EEF) Limited, Cantor Fitzgerald International and Cantor Fitzgerald L.P..
7. Agreement to Acquire undated between GE Capital Services (EEF) Limited,
Cantor Fitzgerald International and Cantor Fitzgerald L.P..
8. Operating Sublease of 23 August 1999 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International.
9. All schedules, agreements, additions, deletions and amendments in relation
to the documents at 2 to 8.
ECS International UK Limited
<PAGE>
10. Agreement of 31 May 1997 between ECS International UK Limited and Cantor
Fitzgerald Leasing and all subsequent agreements and schedules in relation
thereto.
11. Undated sublease agreement between Cantor Fitzgerald Leasing and Cantor
Fitzgerald International.
Pallas Group Limited
12. Undated agreement between Cantor Fitzgerald International and Pallas Group
Limited.
SCHEDULE 3.6 - Litigation
None.
SCHEDULE 3.8(b) - Registrations and applications made in relation to
Intellectual Property
INTERNET DOMAIN NAMES -
Domain names currently registered in the name of Cantor Fitzgerald
International.
France
- ------
espeed.com.fr
Germany
- -------
espeed.de
Japan
- -----
espeed.co.jp
South Africa
- ------------
espeed.co.za
United Kingdom
- --------------
e-speed.co.uk
espeed.co.uk
espeedbonds.co.uk
espeedtrade.co.uk
SCHEDULE 3.9 - Undisclosed liabilities
None.
<PAGE>
SCHEDULE 5.11
REQUIRED CONSENTS
Third party consents are required in connection with the Transactions
contemplated by this Agreement under the following contracts:
1. ARC Serve IT - getting started manual.
2. Automated Confirmation Services Limited - Agreement of 16 December 1993.
3. City Networks Limited - Software Licence Agreement of 16 December 1993.
4. Computer Information Software Ltd (now Heroix) - Software Licence
Agreement and Software Support Agreement both of 31 August 1993.
5. Compaq Computer Limited - Customer Services Agreement of 1 November 1998.
6. Dell Products - Agreement in the form of Terms and conditions of 14 October
1998.
7. Digifeed Consultants Limited - Agreement of 30 September 1998.
8. Essential Computing Ltd - Maintenance Software Agreement of 30 November
1993.
9. Heroix Corporation Limited - Software Licence Agreement and Software
Support Agreement both of 30 October 1995.
10. Intercom Data Systems plc, (now Royal Blue Financial Plc) - Software
Product licences, Support and Service, Master Agreement of 20 August 1996.
11. Internet and Intranet Solutions Limited trading as Intranet Solutions -
undated Agreement.
12. Info' Products UK PLC (now CompelSource Limited) - Maintenance Support
Services Agreement no. SS/10734 of 12 April 1997.
13. KPNQWest Services Limited Service Contract - for MMBS Services (undated).
14. Marvin Software PLC - Site Licence and Agreement and Software Maintenance
Agreement undated.
15. Morse Group Limited - 1 October 1999 Agreement for the supply of goods and
services.
16. RA Computers SpA. - anti-money laundering software terms and conditions
undated.
17. RTS Realtime Systems AG - Licence Contract for Software Products and
Maintenance of Software Products both of 15 January 1997.
<PAGE>
18. Siemens Network Systems Limited - Customer Services Network Support
Agreement of 6 October 1998.
19. Soft Option Systems Limited (now ACT Limited) - Software Licence
Agreement and Maintenance and Support Agreement both of 14 November 1997.
20. Soft Options Systems Limited, CFI and ACT Financial Systems Limited -
Deed of Novation of Licence and Maintenance Contracts of 14 November
1997 of 26 October 1999.
21. Software Partners 32 Inc-. Software Licence.
22. Sophos PLC - Sophos Anti Virus Software Licence Agreement in or about April
1999 and all other licenses with Sophos.
23. Sun Microsystems Ltd - Undated Support Agreement.
24. Thomson Financial Services Ltd - OASYS Global Broker Agreement Schedule of
16 January 1995.
25. Tresol (Treasury) Solutions Limited - Software Development and Support
Agreement of 30 January 1998.
26. The Public IP Exchange Limited, (trading as UUNET)- Terms and Conditions
of Supply of 16 October 1998.
27. Wilco International Ltd - Product Licence Agreement for Software Modules
and Support of 6 May 1997
Consultancy and temporary contracts
1. Grant Abbot of 4 August 1999.
2. Jane Hills of 26 July 1999.
3. Jonathon Pinnock and Associates of 22 October 1999.
4. Richard Mangles of 29 November 1999.
5. Richard Pickston of 30 October 1999.
6. Ian Rosen of 31 July 1999.
7. Surj Sandher of 13 September 1999.
8. David Smith of 8 November 1999.
9. Rajesh Vaja of 14 October 1999.
10. Kim Whitworth of 25 November 1999.
11. Ian Young of 26 October 1999.
<PAGE>
Leases
Lombard
1. Master Hiring Agreement of 9 December 1996 between Cantor Fitzgerald
International and Lombard Network Services Ltd and all schedules,
agreements and leases in relation thereto.
GE Capital
2. Operating Sublease of 25 June 1997 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International.
3. Agreement to Acquire of 8 July 1997 between GE Capital Services (EEF)
Limited and Cantor Fitzgerald International.
4. Agreement to Acquire of 8 July 1997 between GE Capital Services (EEF)
Limited, Cantor Fitzgerald L.P. and Cantor Fitzgerald International.
5. Operating Sublease of 20 January 1999 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International
6. Purchase Agency Agreement of 12 February 1999 between GE Capital Services
(EEF) Limited, Cantor Fitzgerald International and Cantor Fitzgerald L.P..
7. Agreement to Acquire undated between GE Capital Services (EEF) Limited,
Cantor Fitzgerald International and Cantor Fitzgerald L.P..
8. Operating Sublease of 23 August 1999 between Cantor Fitzgerald L.P. and
Cantor Fitzgerald International.
9. All schedules, agreements, additions, deletions and amendments in relation
to the documents at 2 to 8.
ECS International UK Limited
10. Agreement of 31 May 1997 between ECS International UK Limited and Cantor
Fitzgerald Leasing and all subsequent agreements and schedules in
relation thereto.
11. Undated sublease agreement between Cantor Fitzgerald Leasing and Cantor
Fitzgerald International.
Pallas Group Limited
12. Undated agreement between Cantor Fitzgerald International and Pallas Group
Limited.
<PAGE>
Mutual Non-Disclosure or Confidentiality Agreement
Alydaar Software Corporation - undated.
ECCO Consulting Ltd. - 7 October 1999.
PKS Systems Integration (UK) Limited - _ May 1998.
SCS Systems (UK) Ltd - 16 November 1999
<PAGE>
Exhibit 23.1
INDEPENDENT AUDITORS' CONSENT
We consent to the use in this Registration Statement of eSpeed, Inc. on Form S-1
of our report dated December 7, 1999, appearing in the Prospectus, which is part
of this Registration Statement.
We also consent to the reference to us under the heading "Experts" in such
Prospectus.
/s/ Deloitte & Touche LLP
New York, New York
December 7, 1999
