Cantor to Buy Canaccord Genuity’s U.S. Wholesale Market Making Unit 

Cantor, the global investment banking division of Cantor Fitzgerald, has agreed to acquire the U.S.-based wholesale market making business of Canaccord Genuity Group, a Canada-based firm. The operation specializes in U.S. over-the-counter (OTC) wholesale market making, covering global equities and American Depositary Receipts (ADRs). 

The business will be led by John Gillespie and John Leitch, reporting to Pascal Bandelier, co-CEO and global head of equities at Cantor. Gillespie and Leitch have spent more than 15 years at Canaccord Genuity. Prior to that they were at Natixis Bleichroeder. 

“We plan to scale this business to ensure our clients have access to a more diversified range of products, helping them create value in all market conditions and across a growing global footprint,” said Bandelier.  

The deal is expected to close by the fourth quarter of 2025.