# Provenance stamped 2026-10-07 (roadmap#943): written by an API Evangelist sweep (dated 2026-05-23 by the file itself), not
# harvested from the provider. `method: generated` so the economics campaign may replace it with a
# dated, verbatim transcription; every figure below is unverified until it does.
method: generated
generated: '2026-05-23'
specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: Cantor Fitzgerald
providerId: cantor-fitzgerald
created: '2026-05-23'
modified: '2026-05-23'
reconciled: false
tags:
  - FinOps
  - FOCUS
  - Financial Services
  - Investment Banking
  - Prime Brokerage
  - Market Data
description: 'FOCUS-aligned FinOps profile for Cantor Fitzgerald: an institutional, privately
  held financial services firm whose costs are bundled into client services agreements
  (investment banking, brokerage, custody, financing, market data). There is no public per-call
  price and no developer-platform metering; consumption is governed by trade commissions,
  spread capture, financing rates, advisory fees, and market-data subscription tiers.'
sources:
  - https://www.cantor.com
  - https://www.fenicsmd.com
  - https://www.bgcgroup.com
notes: No public usage / billing API. Reconciliation set to false; meters are modeled against
  expected invoice or commission-statement line items.
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: Cantor Fitzgerald, L.P.
serviceCategory: Financial Services
billingModel:
  pricingCategory: Bundled with Client Agreement
  billingFrequency: Per-Invoice
  billingCurrency: USD
  chargeCategories:
    - Purchase
    - Adjustment
    - Tax
focusColumns:
  ServiceName: Cantor Fitzgerald Institutional Services
  ServiceCategory: Financial Services
  ProviderName: Cantor Fitzgerald
  PublisherName: Cantor Fitzgerald, L.P.
  InvoiceIssuerName: Cantor Fitzgerald & Co.
  BillingCurrency: USD
meters:
  - name: trade_execution
    unit: trade
    aggregation: count
    dimensions:
      - account
      - asset_class
      - venue
  - name: spread_capture
    unit: notional
    aggregation: sum
    dimensions:
      - asset_class
      - venue
  - name: financing_balance
    unit: average_daily_balance
    aggregation: avg
    dimensions:
      - account
      - currency
  - name: prime_services_fees
    unit: month
    aggregation: sum
    dimensions:
      - account
      - service
  - name: market_data_subscription
    unit: month
    aggregation: sum
    dimensions:
      - feed
      - venue
      - redistribution_scope
  - name: investment_banking_fees
    unit: transaction
    aggregation: sum
    dimensions:
      - mandate
      - product
principles:
  - name: Visibility
    description: Reconcile Cantor commission statements, financing-rate invoices, and Fenics
      Market Data subscription invoices against expected activity; there is no developer-platform
      cost feed.
  - name: Allocation
    description: Allocate by client account, mandate, fund, and underlying product line
      (Investment Banking, Fixed Income, Equities, Prime Services, Real Estate Finance,
      Fenics Market Data).
  - name: Optimization
    description: Optimization happens at the relationship level — execution venue choice,
      financing rate negotiation, market-data entitlement scope (real-time vs. delayed,
      redistribution scope) — rather than at the API call.
  - name: Accountability
    description: The client relationship manager owns the budget; the integration / trading
      team monitors order flow and feed consumption to stay within contracted entitlements.
maintainers:
  - FN: Kin Lane
    email: kin@apievangelist.com