Cantor Fitzgerald mulls death benefits exchange

Cantor Fitzgerald is considering launching an automated exchange for trading death benefits in life insurance policies. If such an exchange is ever created, it might bring much-needed liquidity to a burgeoning market that some believe could shake the foundations of the life insurance industry in much the same way that mortgage-backed securities did for home sales. The concept has lately attracted more attention from hedge funds and top-tier Wall Street firms.

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