Month: June 2009

New York, June 24th 2009 – Profit & Loss magazine presented its Digital Markets Awards 2009 during a dinner held in New York to celebrate the magazine’s tenth anniversary. The award for Best FX Options Trading Platform was given to GFI Group’s ForexMatch®.

GFI ForexMatch® is GFI’s electronic system for FX option trading. It supports GFI’s hybrid brokerage model, combining traditional voice brokerage services with sophisticated electronic trading technology. GFI ForexMatch® streamlines price discovery, enables FX instruments to be traded online and allows the analysis of market trends with the latest independent prices.

Nick Brown, Managing Director, Head of Financial Brokerage North America said; “We are very happy to accept this award from a leading industry publication; an award that was voted for by our peers” and added “This reflects GFI’s commitment to developing award winning trading platforms across the gamut of our product range.”

ForexMatch® now includes the entire workflow for pricing an interest, requesting prices from the market, trade execution and confirmation. The platform also offers a bi-directional trading API that enables client-side trading applications to get electronic access to live market prices. Clients can therefore link algorithmic or ‘black box’ trading to GFI ForexMatch® which adds liquidity to the market.

GFI ForexMatch® connects directly to FENICS® FX, GFI’s platform for pricing, analysing and managing currency option positions. This allows for a ready-made STP solution through which customers can pass trade details for further analysis, trade confirmation and accounting entries.

GFI’s other trading platforms include CreditMatch®, EnergyMatch® and Trayport®.

This the second consecutive year ForexMatch® received the award for Best FX Trading Platform.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (http://www.GFIgroup.com) is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform 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 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI provides services and products to over 2,100 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), and Trayport(R).

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: acquisitions by us of businesses or technologies; 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.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com
 

New York June 23, 2009. – GFI Group (Nasdaq: “GFIG”) is honoured to have been asked by the Japan Securities Clearing Corporation (JSCC) and Tokyo Stock Exchange, Inc. (TSE) to join the Working Group set up in May for the design of a central counterparty to clear over-the-counter derivatives.

The JSCC and TSE Working Group, set up in accordance with the report released from the Study Group on post-trade processing of OTC derivatives trades on March 27th, 2009, is comprised of 16 members. GFI Group, through its subsidiary GFI Securities Limited -Tokyo Branch, is the only inter-dealer broker serving in the Working Group. Other members are major Japanese and international banks and securities houses.

The objective of the Group is the creation of a detailed central counterparty functionality for the purpose of launching a clearing service for interest rate swaps (IRS) and credit default swaps (CDS).

The JSCC will develop clearing operations for OTC derivatives trades based on the conclusions of the Working Group.

GFI Group, via GFI Securities Limited Tokyo Branch, operates an interactive electronic trading platform for CDS in Japan- CreditMatch®.

CreditMatch® trades credit derivatives and cash bonds. It forms a key part of GFI’s hybrid brokerage model, serving the market from its operations in New York, London, Sydney, Tokyo, Singapore and Hong Kong and working alongside GFI’s credit brokers from each of these offices.

CreditMatch® displays CDS and bond prices together on the same screen giving users more information about related markets. CreditMatch® offers STP through a real-time API service. These STP solutions improve trade processing efficiency making trading capture faster and more cost effective.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (http://www.GFIgroup.com) is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform 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 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI provides services and products to over 2,100 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), and Trayport(R).

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: acquisitions by us of businesses or technologies; 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.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com
 

New York, 16 June 2009 – GFI Group (Nasdaq: ‘GFIG’) announced today that the Commonwealth Bank of Australia (CBA) has deployed GFI FENICS® Enterprise Edition from GFI Group, Inc. FENICS® Enterprise is the market-leading FX system which provides CBA with expanded level of technology to service their options business.

FENICS® Enterprise Edition, an advanced suite of products launched in 2008, allows CBA to embed FENICS® into their own customized spreadsheets and web UI’s (user interface).  This makes pricing and analyzing options more efficient through a tailored front end for the CBA options team based on a combination of FENICS® and CBA Math models.

Ben McMillan, Global Head of FX at CBA said, “We have found the flexibility offered by FENICS® Enterprise to be key in enhancing our operations”. “We opted for FENICS® Enterprise as it provides us with open analysis tools that interact with and connect to our in house systems and models seamlessly”, he added.

 “We are very pleased to provide FENICS® Enterprise for CBA in Sydney as well as across their branches in Asia, Europe and the Americas” said Elliott Hann, GFI FENICS® Head of Sales for Asia Pacific.  “FENICS® Enterprise opens a myriad of potential applications not only for our immediate clients but also to their own customers; we are excited about the potential of this product”

GFI FENICS? FX is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.

About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (http://www.GFIgroup.com) is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
Fenics Software Limited is a wholly owned subsidiary of GFI Group Inc.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI provides services and products to over 2,100 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), and Trayport(R).

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: acquisitions by us of businesses or technologies; 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.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com
 

New York June 11. 2009. – GFI Group (Nasdaq: “GFIG”) announces the introduction of OTC Dry Freight Forward Freight Agreements “FFA” onto GFI’s European multi-commodity platform EnergyMatch® Europe. This addition reinforces GFI’s commitment to hybrid brokerage of a range of Freight-related products.

EnergyMatch® Europe reflects GFI’s hybrid broking strategy where experienced voice brokers assist GFI’s multi-commodity platform users in executing their orders. By operating solely in the cleared market (via both LCH.Clearnet and NOS Clearing) EnergyMatch® Europe minimises the effects of counterparty exposure while providing transparency of market pricing. The addition of dry freight onto EnergyMatch® Europe is a natural extension to the success of the hybrid broking strategy employed by GFI in other commodity markets, such as coal.

Dorian Benson, Global Dry Freight desk head at GFI said: “Having developed an extensive client base through our global reach since the inception of the dry freight desk in 2005, this roll-out will greatly enhance GFI Freight’s value proposition for our clients”. “We are seeing a favorable response to the new screen with a wide spectrum of global clients being actively engaged and also providing positive feedback”, he added.

GFI provides Freight-related brokerage services from its offices in London, New York, Shanghai, Singapore, and Cape Town, providing unparalleled solutions covering: • Wet and Dry Freight (FFAs) • Voice and Screen based Execution • Physical Dry Freight • Market Data • Research • Pricing & Analytics. GFI’s freight brokers operate as a global team, having strong synergies with other GFI commodity desks and focusing on a client based formula. This allows for a greater depth of understanding of the ‘cross-fertilisation’ across vessel types, options delta and gamma hedging.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (http://www.GFIgroup.com) is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform 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 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI provides services and products to over 2,100 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), and Trayport(R).

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: acquisitions by us of businesses or technologies; 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.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com
 

New York, June 8th 2009 – New York’s LaBranche Structured Products LLC has licensed FENICS® FX Pricing and Analysis from GFI Group, Inc. (Nasdaq: GFIG) for use on LaBranche’s FX Option Desk in New York City.

Andrew Dexter, head of FX Options at LaBranche said, “We evaluated multiple systems for FX Options pricing, risk management, and transaction processing and believe that FENICS® is the best system available for us. The FENICS® customer support team provides fantastic training and ongoing support to help us get the most out of FENICS® and be more efficient.”

“FENICS® has seen tremendous success over the last year adding new clients in a range of market segments; it continues to prove itself as the market standard in FX Options”, said Richard Brunt, Global Head of FENICS® & Market Data Services at GFI, “We are delighted that LaBranche has selected FENICS®.”

FENICS® FX is a powerful front, middle and back office platform for pricing, analyzing, and managing FX options. An end-to-end solution, it provides all the necessary tools, math models and independent market data for fast, accurate price discovery and revaluation of vanilla options and exotic multi-leg, multi-currency strategies.

The platform is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.

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. Fenics Software Limited is a wholly owned subsidiary of GFI Group Inc.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,700 people with additional offices in London, Paris, 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 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.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968-2964
Mob: (646) 717-4379
patricia.gutierrez@gfigroup.com
 

New York 1 June 2009. – GFI Group (Nasdaq: GFIG) has deployed FENICS® FX a platform for price distribution, STP of transactional workflow and risk management to Raiffeisen Bank Polska SA.

Raiffeisen Bank Polska, a subsidiary of Raiffeisen International, is a leading financial corporation in Central and Eastern Europe. The bank is using FENICS® FX’s STP module for straight-through processing of trade detail, rate and revaluation information between GFI FENICS® FX and other systems for improved operational efficiencies and to streamline workflows.

“GFI FENICS® FX has been integrated with Temenos T24 to ensure our customers receive the most accurate position valuations and remove operational risk from our internal workflow” said Miroslaw Winiarczyk, Head of the Treasury Department at Raiffeisen Bank. “FENICS® “FX’s Structuring Module helps the bank’s sales team to design, price, and distribute sophisticated structures with ease.”

“GFI is delighted to add Raiffeisen Bank Polska SA to the FENICS® client list”, said Richard Brunt, global head of GFI FENICS®. “This is a great example of a bank deploying FENICS regionally, using all aspects of FENICS® FX”. Brunt added “ What makes this deal significant is the level of work undertaken by GFI’s Professional Services Group in conjunction with the Raiffeisen team to customize FENICS® to fully integrate the system into the Raiffeisen workflow on an enterprise level”.

Raiffeisen Bank Polska SA completed extensive testing and regional deployment of FENICS® FX in the first quarter of 2009.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (http://www.GFIgroup.com) is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.

Fenics Software Limited is a wholly owned subsidiary of GFI Group Inc.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI provides services and products to over 2,100 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), and Trayport(R).

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: acquisitions by us of businesses or technologies; 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.

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com