New York – Feb 26, 2007 – Reuters is now providing more data from interdealer broker GFI Group (Nasdaq: GFIG) as part of a multi-year deal. This new deal continues to cover credit derivatives, FX options and EU repo data with energy and commodities being added.
Andrew Hausman, global head of fixed income at Reuters said, “Providing customers with best-in-class content is key for Reuters. The renewal with GFI and the extension of the agreement into other datasets signals Reuters’ commitment to that ethos.”
“This deal demonstrates the quality and value in the independence, and real market prices, which make up GFI’s data products,” said Scott Fitzpatrick, GFI’s global head of sales – data and analytics. “A key attraction of this deal is being able showcase GFI’s data globally and to the right audience through Reuters’ extensive distribution channels”.
Justin Abel, Reuters’ global head of data added, “In this new agreement we have established a partnership with GFI on service and support levels which aids Reuters’ commitment, and by extension therefore GFI’s commitment, to delivering high-quality data to customers. This partnership with GFI is an important step in the roll out of the supplier management framework developed by Reuters as market-leading best practice to ensure continued focus on service resilience and data support in partnership with our key suppliers.”
The energy and commodities data from GFI includes power, emissions and freight.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (www.GFIgroup.com) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,300 people with additional offices in London, Paris, Hong Kong, Tokyo, Singapore, Sydney, Englewood (NJ), and Sugar Land (TX). GFI provides services and products to over 2,000 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI™, Starsupply®, GFInet®, CreditMatch®, FENICS® and Amerex®.
Forward-looking statement
Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Media Contact:
GFI Group Inc.
Alan Bright
Public Relations Manager
011-44-20-7877-8049
Alan.Bright@GFIgroup.co.uk
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