Howard Lutnick’s Former Wall Street Firm Is Having Its Best Year Ever

Cantor Fitzgerald, the former firm of Commerce Secretary Howard Lutnick, has long been an afterthought on Wall Street. Now it is having its best year ever.

The investment bank and financial-services firm chugged along for years without much notice, specializing in bond trading and deals in risky corners of the finance world that competitors avoided. Now, an early bet on cryptocurrencies that is paying off and Lutnick’s ascendance to the highest levels of government have Cantor in the spotlight.