eSpeed, the electronic broking subsidiary of Cantor Fitzgerald that offers markets for fixed income and derivatives, has recorded first-quarter revenues of $30m (€33.2m), up 7% over the fourth quarter of 2001.

Fully electronic revenue grew more than 22% to $21.6m compared with $17.7m in the fourth quarter. This growth came on the back of nearly $6 trillion of fully electronic volume, an increase of 14% on the previous quarter.