Cantor Fitzgerald is launching an online tool for buyers and sell...

Cantor Fitzgerald is launching an online tool for buyers and sellers to trade wireless spectrum rights through its Spectrum & Tower Exchange. Cantor Fitzgerald is one of the firms that has been leading in the development of a secondary market for spectrum in the U.S., following the FCC’s secondary markets order 1- years ago. Darrin Mylet, vp- wireless service at Cantor, told us Mon. the U.S. secondary market is potentially highly robust because of all the frequencies that are subject to leasing. “It’s a very inefficient market that’s mostly done by specialists in different frequencies,” he said. “We're trying to create a more open market for spectrum… What are the terms and conditions associated with me buying a specific license?” Cantor maintains a database listing thousands of licenses. The trading tool helps potential buyers find a license in a specific area or sellers find a lessor. Cantor charges a transaction fee when a deal is completed. “There’s a lot of inventory of spectrum,” Mylet said. “There’s a lot of action. There’s a tremendous number of deals being done. We hope to make them get done in a way that is more efficient.”