Cantor Commences Institutional Block Trading in Prediction Markets

Launches Institutional Access to Block Trading in Event Contracts as an Introducing Broker on Kalshi, a CFTC-Regulated Exchange, with Susquehanna Providing Pricing and Liquidity

NEW YORK--(BUSINESS WIRE)-- Cantor Fitzgerald & Co. (“Cantor”), a premier global investment bank and part of the Cantor Fitzgerald group of companies, today announced the launch of institutional trading for prediction markets, becoming one of the first full-service investment banks to provide institutional clients with access to block trading in event contracts on a CFTC-regulated exchange.

Cantor will act as an Introducing Broker, arranging and facilitating the execution of institutional-size block trades in event contracts for institutional clients, enabling them to negotiate block trades in event contracts at a single price through Kalshi’s block trading framework, away from the central order book. Cantor is also collaborating with Susquehanna Predictions, part of the Susquehanna International Group of Companies, a leading liquidity provider in prediction markets, to provide institutional-scale pricing and liquidity for its prediction markets coverage.

Cantor is applying the institutional trading model it has developed across Equities and Fixed Income to a new regulated asset class and will operate the business within its Global Markets division under Co-CEOs Pascal Bandelier and Christian Wall. Initially, Cantor will facilitate block trades on Kalshi, a CFTC-regulated exchange, with additional venues expected to follow.

“Cantor has spent more than eighty years building institutional access to new markets, and prediction markets are the next one,” said Pascal Bandelier, Co-CEO and Global Head of Equities at Cantor. “Prediction markets are growing rapidly, but institutional participation has not kept pace because investors have lacked the ability to transact at scale on a regulated exchange. The liquidity is here. With the launch of block trading, institutional investors can now access block trading in event contracts through an institutional intermediary they know and trust.”

"Cantor brings deep institutional relationships and significant experience executing in equities and fixed income markets," said Max Crowley, VP of Business Development at Kalshi. "We're looking for partners who think creatively about where event contracts fit in a client's portfolio, and who see the new use cases and hedging opportunities that come with it. Cantor is exactly that kind of firm."

Susquehanna is the first quantitative trading firm to build a dedicated prediction markets business and is one of the most active liquidity providers in event contracts.

“We believe the next area of material growth for prediction markets will be large institutional risk transfer,” said Joe Grubb, Head of Business Development at Susquehanna Predictions. “We are able to price and execute custom, tailored contracts for institutional counterparties desiring to hedge both general market and bespoke industry risk currently unserved by traditional insurance markets. Our ability to do so quickly and at scale will provide a valuable solution to this unmet market demand.”

About Cantor

Cantor, a premier global investment bank, is a part of the Cantor Fitzgerald group of companies. Founded in 1945, Cantor delivers unparalleled sector expertise, innovative products, and tailored solutions across a broad range of financial services, including investment banking, capital markets, fixed income and equities sales and trading, prime services, research, and asset management. Headquartered in New York, the firm has more than 60 office locations worldwide.

About Kalshi

Founded in 2018, Kalshi is the world’s next-generation financial exchange. Prediction markets provide accurate, real-time information on the likelihood of events, making humanity more informed about the future. As the first regulated exchange for events, Kalshi is credited with legalizing and establishing prediction markets as a financial asset class. It’s the leading safe and regulated platform, trusted by millions of people and a growing number of institutions in America. To learn more about Kalshi, visit www.kalshi.com.

About Susquehanna Predictions

Susquehanna Predictions is part of the Susquehanna International Group of Companies (the “Susquehanna Group”), which was formed in 1987, and is one of the largest proprietary trading firms in the world. Fueled by an integration of trading, technology, and quantitative research, the Susquehanna Group has forged a collaborative culture with over 3,500 employees located in more than 17 offices around the world. While trading remains at the core of its business, the Susquehanna Group is also at the forefront of innovation in institutional risk management, global private equity, sports analytics, and prediction markets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260819078964/en/

Media Contact
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Source: Cantor

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