Cantor's Fry to head TradeSpark

Harry Fry has stepped up from his position as managing director of Cantor Fitzgerald’s energy derivatives and market data business to become president of TradeSpark, the electronic energy commodity market-place formed by Cantor and its online brokerage eSpeed, as well as six of the largest US energy companies. Fry replaces Michael Williams, who is leaving to “pursue other interests”.

Fry will oversee all TradeSpark's business activities, focusing on expanding its product offering and entry into new markets. There are currently 231 companies and more than 3,500 users participating in the TradeSpark market-place, which allows for online trading of electricity, natural gas, coal, weather and emissions derivatives.

Fry has served on TradeSpark's management committee since its inception in 2000. Before joining Cantor, he served as managing director and co-head of corporate development for eSpeed, and was previously the chief executive officer of Prebon Yamane Americas, a director at Patriot Securities, where he was responsible for derivatives, and a senior trader for Bankers Trust, Barclays De Zoette Wedd and Bank of America.