How UMC Moved Cantor Fitzgerald and Kept the Trading Floor Open
The Company: Cantor Fitzgerald
New York City-based Cantor Fitzgerald, L.P., is a leading financial services provider to the institutional equity and fixed income markets, with products and services including sales and trading, investment banking, asset management, market data, and market commentary.
Cantor Fitzgerald needed to move its operation from 135 East 57th Street to 110 East 59th Street. They needed to relocate 500 employees, 2500 flat screens and computers, as well as all equipment on the trading floor.
As a financial services company, an enormous amount of technology kept its operations running and the company plugged into the global economy. Cantor Fitzgerald’s technology infrastructure needed to be up and running whenever the market was open. That limited not only the move to non-business hours, but all technology had to be disconnected and reconnected before Wall Street’s opening bell every day.
Cantor Fitzgerald chose UMC Moving to plan and execute the relocation. UMC has over 1,000 office moves in the New York metro area under its belt and also has expertise with out of state and international moves. For Cantor Fitzgerald, it was important that UMC had an outstanding reputation in the financial industry with companies such as JPMorgan Chase, UBS, ING Baring, Goldman Sachs and Greenwich Capital Markets.
The most challenging aspect of Cantor Fitzgerald’s move was its time-sensitive nature. Considering that Cantor had to be online while the international markets were open, UMC had a small window during the weekends in which to work. UMC developed a three-phase approach that had a team of thirty moving specialists and technology personnel working three weekends in a row. As soon as the markets closed, technicians began preparing technology at 57th Street for the move. UMC trucks were lined up to shuttle the equipment uptown. Technology experts at the 59th Street location were getting equipment back online as soon as it was in place. During the last week of the move, Cantor Fitzgerald decided to warehouse trading desks. UMC Moving was ready. It had a management team on site and quickly began organizing the resources necessary. It quickly dispatched additional manpower and trucks. UMC Moving has its own warehouses, and was able to adapt to the new challenge of moving and housing 17 truckloads of used office furniture. This was all done without removing resources from the original job. The move was completed on schedule with all employees and technology in place.
- 500 employees moved
- 2500 flat screens, as well as computers, accessories and trading floor equipment, moved 17 truckloads of used furniture moved and warehoused at UMC
- Move completed on schedule.