Editing Cantor Fitzgerald (section)

==September 11 attacks==
{{Main|September 11 attacks}}
{{Further|Casualties of the September 11 attacks}}
[[File:World Trade Center, New York City - aerial view (March 2001).jpg|thumb|[[1 World Trade Center (1971–2001)|1 World Trade Center]] (North Tower), the building with the antenna to the left, included the corporate headquarters of Cantor Fitzgerald.<ref name="Cantor" />]]

Cantor Fitzgerald's corporate headquarters and New York City office,<ref name="Cantor">"[https://web.archive.org/web/20000304012316/http://www.cantor.com/locations.htm office locations]." Cantor Fitzgerald. March 4, 2000. Retrieved on October 4, 2009.</ref><ref>"[https://web.archive.org/web/20010809041147/http://www.cantor.com/locations.htm office locations]." Cantor Fitzgerald. August 9, 2001. Retrieved on October 4, 2009.</ref> on the 101st to the 105th floors of [[1 World Trade Center (1971–2001)|1 World Trade Center]] in [[Lower Manhattan]] (2 to 6 floors above the impact zone of [[American Airlines Flight 11]]), were destroyed during the [[September 11 attacks]]. At 8:46:46&nbsp;a.m., eighteen seconds after the plane struck the tower, a [[Goldman Sachs]] server issued an alert saying that its trading system had gone offline because it could not connect with the server.<ref>{{cite news|title=Egads! Confidential 9/11 Pager Messages Disclosed |url=http://www.cbsnews.com/news/egads-confidential-9-11-pager-messages-disclosed/ |last=McCullagh |first=Declan |date=November 25, 2009 |work=CBS News |access-date=January 8, 2017}}</ref><ref>{{cite news|title=9/11 hit home for Scott Auker|url=http://lancasteronline.com/article/local/456492_9-11-hit-home-for-Scott-Auker.html|access-date=June 25, 2012|newspaper=Manheim Central News|date=September 11, 2011|archive-date=March 25, 2013|archive-url=https://web.archive.org/web/20130325045215/http://lancasteronline.com/article/local/456492_9-11-hit-home-for-Scott-Auker.html|url-status=dead}}</ref> Since all stairwells leading past the impact zone were destroyed by the initial crash or blocked with smoke, fire, or debris, every employee who reported for work that morning was killed in the attacks; 658 of its 960 New York employees were killed or missing,<ref>{{Cite news|url=https://www.thedailybeast.com/articles/2013/09/11/reliving-9-11-with-tears-out-of-the-clear-blue-sky-reviewed|title=Reliving 9/11, With Tears: Out of the Clear Blue Sky, Reviewed|first=Lloyd|last=Grove|date=September 11, 2013|work=[[The Daily Beast]]}}</ref> or 68.5% of its total workforce, which was considerably more than any of the other [[List of World Trade Center tenants|World Trade Center tenants]], the [[New York City Police Department]], the [[Port Authority of New York and New Jersey Police Department|Port Authority Police Department]], the [[New York City Fire Department]], or the [[United States Department of Defense|Department of Defense]]. Forty-six contractors, food service workers, and visitors in the Cantor Fitzgerald offices at the time were also killed.<ref>{{Cite book |last1=Blais |first1=Allison |url=https://books.google.com/books?id=zatreqeIsR8C&pg=PT173 |title=A Place of Remembrance: Official Book of the National September 11 Memorial |last2=Rasic |first2=Lynn |date=2011 |publisher=National Geographic Books |isbn=978-1-4262-0807-2 |language=en}}</ref> CEO Howard Lutnick was not present that day, but his younger brother, Gary, was among those killed. Lutnick vowed to keep the company alive, and the company was able to bring its trading markets back online within a week.<ref>{{Cite web |last=Roche |first=Julia La |title=The Amazing And Heartbreaking Story Of The CEO Who Lived And Rebuilt His Firm After 9/11: Howard Lutnick |url=https://www.businessinsider.com/cantor-fitzgerald-9-11-story-howard-lutnick-2011-9 |access-date=2023-09-08 |website=Business Insider |language=en-US}}</ref><ref>{{Cite news|last=Urbina|first=Ian|date=November 19, 2014|title=The Secret Lives of Passwords|work=The New York Times|url=https://www.nytimes.com/2014/11/19/magazine/the-secret-life-of-passwords.html |archive-url=https://ghostarchive.org/archive/20220101/https://www.nytimes.com/2014/11/19/magazine/the-secret-life-of-passwords.html |archive-date=January 1, 2022 |url-access=limited|access-date=November 13, 2020}}{{cbignore}}</ref>

On September 19, Cantor Fitzgerald made a pledge to distribute 25% of the firm's profits for the next five years (that would otherwise have been distributed to its partners), and committed to paying for ten years of health care for the benefit of the families of its 658 former Cantor Fitzgerald, eSpeed, and TradeSpark employees.<ref>{{Cite news |url=http://www.today.com/id/44245075/ns/today-today_news/t/iconic-figures-sept-where-are-they-now/#.WHIQeVuF7IU |title=Iconic 9/11 figures: Where are they now? |last1=Diebel |first1=Matthew |last2=Cahli |first2=Petra |last3=Navrrao |first3=Bruno |last4=McCartney |first4=Ryan |last5=Bratu |first5=Becky |website=Today.com |publisher=NBC |date=2010 |access-date=January 8, 2017 |archive-date=January 8, 2017 |archive-url=https://web.archive.org/web/20170108192755/http://www.today.com/id/44245075/ns/today-today_news/t/iconic-figures-sept-where-are-they-now/#.WHIQeVuF7IU |url-status=dead }}</ref> In 2006, the company had completed its promise, having paid a total of $180&nbsp;million (and an additional $17&nbsp;million from a relief fund run by Lutnick's sister, Edie).<ref>{{cite magazine |url=http://nymag.com/news/9-11/10th-anniversary/cantor-fitzgerald/ |title=The Encyclopedia of 9/11: Cantor Fitzgerald: The firm that lost the most. |date=August 27, 2011 |magazine=[[New York (magazine)|New York]] |author=Jessica Pressler}}</ref>

Until the attacks, Cantor had handled about a quarter of the daily transactions in the multi-trillion dollar [[treasury security]] market. Cantor Fitzgerald subsequently rebuilt its infrastructure, partly through the efforts of its London office,<ref>{{cite news| url = https://www.standard.co.uk/news/cantor-fitzgerald-the-city-firm-that-rose-from-the-911-ashes-6441839.html|title=Cantor Fitzgerald... the City firm that rose from the 9/11 ashes |author= David Cohen|newspaper=[[London Evening Standard]] |date =September 11, 2009}}</ref> and relocated its headquarters to [[Midtown Manhattan]]. The company's effort to regain its footing was the subject of [[Tom Barbash]]'s 2003 book ''On Top of the World: Cantor Fitzgerald, Howard Lutnick, and 9/11: A Story of Loss and Renewal'' as well as a 2012 documentary, ''Out of the Clear Blue Sky''.

On September 2, 2004, Cantor and other organizations filed a [[Lawsuit|civil lawsuit]] against [[Saudi Arabia]] for allegedly providing money to the hijackers and [[al-Qaeda]].<ref>[http://news.bbc.co.uk/2/hi/americas/3646548.stm WTC agency sues Saudis over 9/11], BBC News Online, September 11, 2004</ref> It was later joined in the suit by the [[Port Authority of New York and New Jersey]].<ref>[http://www.law.com/jsp/article.jsp?id=1094073283938 Port Authority to Join Suit Against Saudi Arabia Over 9/11 Attack], Associated Press, September 13, 2004, </ref> Most of the claims against Saudi Arabia were dismissed on January 18, 2005.<ref>{{cite news|last=Glovin|first=David|title=Saudi Arabia Wins Dismissal From Sept. 11 Lawsuits (Update1)|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFC0nwCtmJyc&refer=top_world_news|publisher=Bloomberg|access-date=October 19, 2012|date=January 18, 2005}}</ref>

In December 2013, Cantor Fitzgerald settled its lawsuit against [[American Airlines]] for $135 million. Cantor Fitzgerald had been suing for loss of property and interruption of business by alleging the airline to have been negligent by allowing hijackers to board [[American Airlines Flight 11|Flight 11]].<ref>{{cite news |title= Cantor Fitzgerald Settles 9/11 Suit Against American Airlines for $135 Million |url=https://www.nytimes.com/2013/12/18/nyregion/cantor-fitzgerald-settles-9-11-lawsuit-for-135-million.html?ref=us |date=December 17, 2013 |work=The New York Times |author=Benjamin Weiser |access-date=December 18, 2013}}</ref>