On April 1, 2025, Cantor announced a definitive agreement to acquire Canaccord Genuity Group’s U.S.-based wholesale market making business, which specializes in U.S. OTC market making, global equities, and ADRs. The acquisition is aimed at accelerating Cantor’s strategic growth across its Equities franchise and enhancing product diversification for its clients.

The deal marks a significant move in Cantor’s expansion, following a year of exceptional performance in 2024 during which its Equities and Equities Prime businesses more than doubled in revenue. Cantor advanced to 9th in U.S. equities trading volume as of March 31, 2025, up from 31st in 2023, according to Bloomberg.

The incoming business will be led by longtime Canaccord executives John Gillespie and John Leitch, who bring over 15 years of leadership experience in the sector. They will report to Pascal Bandelier, Co-CEO and Global Head of Equities at Cantor.

The transaction is expected to close by Q4 2025, subject to customary regulatory approvals. During the transition, Canaccord Genuity LLC will continue supporting the business and its clients to ensure uninterrupted service. Legal advisors for the transaction were not disclosed in the announcement.