Cantor Fitzgerald has made an eleventh-hour bid for the Telerate business owned by Bridge Information Systems. It is understood that the broker outbid MoneyLine, which had already offered $15m (€18m), with a bid of $20m.

Cantor, which developed eSpeed, its own electronic trading subsidiary, provides US Treasury pricing data to Telerate and earns $50m annually for the service. This data is exclusive to Telerate, although eSpeed users can access it.