Increased fixed income trading helped boost revenues at eSpeed, the electronic broker subsidiary of Cantor Fitzgerald, by 17% to $33m in the three months to the end of September 2002, compared with the same period last year.

Fully electronic revenue in the quarter was particularly strong, up 45% to $22.8m, compared to $15.7m in quarter three last year. The figure is up 29% on the $17.7m recorded in the quarter four of 2001 - eSpeed uses the fourth quarter of last year as a base of comparison because it was the first full results quarter following the events of September 11, and the first full quarter of fully electronic trading. The company lost nearly its entire New York-based staff in the terrorist attacks.