H2O Bans Trades With Cantor in Tit-for-Tat Over German Financier
- French firm’s ruling follows Cantor’s Windhorst blacklist
- Prohibition also covers brokerages BGC, GFI and Aurel
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H2O Asset Management has blacklisted Cantor Fitzgerald, backing a controversial financier in a feud with the U.S. brokerage.
H2O told employees not to trade with firms including Howard Lutnick’s Cantor and its sister company BGC Partners, according to a July 17 memo seen by Bloomberg News. The message didn’t specify a reason for the ban. Affiliated brokers GFI and Aurel are also covered by the decision, according to the memo which instructs employees to “strictly respect” the ruling.