London, 21st Oct 2008 – GFI Group Inc. (GFIG on NASDAQ) and Thomson Reuters have extended their existing data agreement to incorporate Reuters Datascope Real-Time (RDRT) – an offering from Reuters Enterprise Information.
Reuters customers may now subscribe to GFI market data via RDRT for use in algorithmic trading, risk management, portfolio pricing and valuations. The agreement covers GFI credit derivatives, FX options and energy market data and GFI plans to extend this to equity derivatives and interest rate options early in 2009.
Mike Powell, global head, Enterprise Information at Thomson Reuters, says, “Our customers require high quality data to fuel not only their desktops but also the business-critical applications that support their trading, risk and back office operations. The addition of GFI’s valuable data for application consumption is another example of our commitment to delivering best-in-class content and services to our customers.”
“GFI Group is delighted to extend its long-standing Reuters partnership into the Enterprise business”, said Philip Winstone, GFI’s global head of data sales, “This new agreement will enable GFI’s data products, comprising real market prices so vital to the business functions served by RDRT, to be made available seamlessly through the Reuters infrastructure.”
For more on GFI market data go to http://www.gfigroup.com/marketdata
For more on Reuters Enterprise Information go to http://about.reuters.com/productinfo/enterprise/?seg=10.
About GFI Group Inc.
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 trading platform and analytics software 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 1,700 people with additional offices in London, Paris, Tel Aviv, Dublin, Dubai, Hong Kong, Shanghai, Tokyo, Singapore, Sydney, Seoul, Cape Town, Calgary, Englewood (NJ), and Sugar Land (TX). GFI provides services and products to over 2,200 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI™, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex® and Trayport®.
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.
Contact:
Alan Bright
PR Manager
GFI Group Inc.
+ 44 (0)20 7877 8049
alan.bright@gfigroup.co.uk
Recent Comments