Cantor Fitzgerald's Equity Derivatives Head Jacob Weinig Departs After a Year.

Cantor Fitzgerald LP's head of equity derivatives, Jacob Weinig, has left the firm after just over a year. Weinig was a former Goldman Sachs trader and co-founder of Malachite Capital Management, which collapsed in 2020. He previously worked at Odeon Capital Group and founded Iceberg Capital Group, a cryptocurrency investment firm. Banks are expected to generate $35.2 billion in revenue from equity derivatives this year, a 22% increase from 2024.

Cantor Fitzgerald LP, the brokerage controlled by the family of US Commerce Secretary Howard Lutnick, has seen the departure of its head of equity derivatives, Jacob Weinig. Weinig left the firm after little more than a year, according to a Financial Industry Regulatory Authority filing Cantor’s Head of Equity Derivatives Weinig Departs After Year^[1]. He joined Cantor in May 2024, the filing shows.

Weinig is a former trader at Goldman Sachs Group Inc. who specializes in equity derivatives, contracts that derive their values from underlying stocks. Prior to joining Cantor, he co-founded hedge fund Malachite Capital Management, which collapsed in March 2020, resulting in significant losses for lender Credit Suisse Group Goldman Sachs AM Wins $40bn Shell Pension Mandates^[2]. Following the collapse of Malachite, Weinig founded a cryptocurrency investment firm called Iceberg Capital Group. He subsequently worked at Odeon Capital Group as head of equity derivatives before joining Cantor Cantor’s Head of Equity Derivatives Weinig Departs After Year^[3].

The departure of Weinig comes as banks are expected to generate $35.2 billion in revenue from trading equity derivatives this year, a 22% increase from 2024, according to data from Crisil Coalition Greenwich. The increase is attributed to the highest level of stock market volatility since the Covid-19 pandemic, triggered by US President Donald Trump's tariff wars Cantor’s Head of Equity Derivatives Weinig Departs After Year^[3].

The exit of Weinig from Cantor Fitzgerald LP is a significant move in the financial industry, highlighting the dynamic nature of senior executive roles and the competitive landscape in equity derivatives trading.