US brokerage Cantor Fitzgerald's European business posted narrower losses in 2012 compared to the previous year and said it was looking at expanding its "range of products and the geographical locations it operates from”, in the latest sign it is bucking the downsizing trend in the financial services industry.

Cantor Fitzgerald Europe posted net losses of $18m for the year ended December 31, 2012, down from $28m in 2011, according to accounts filed with Companies House. Revenues fell 11% from the previous year to $65.4m.