Month: September 2009

New York, September 16, 2009 – GFI Group (Nasdaq: ‘GFIG’) and Nittan Capital Asia (Nittan), a leading inter-dealer broker specializing in financial derivatives between banks and authorized financial institutions worldwide, have extended their agreement for the use by Nittan of GFI Fenics FX, a pricing and risk management system for foreign exchange options. This extended agreement includes Fenics Exotic Math pricing tool.
Fenics Exotic Math enables Nittan to price a range of exotic option types with confidence by applying math models that are backed up by white papers and widely used in the market.

Denis Cheung, Managing Director at Nittan said, “We have used FENICS since 2006, and have confidence in using FENICS FX as a benchmark for FX options. The Exotic Math offering to our entire brokerage desk will allow us to price up not only Vanilla, but Exotic FX options effectively to our clients.

“We are very happy to prolong our relationship with Nittan” said Elliott Hann, Head of Fenics sales for GFI in the region “their continued use of GFI Fenics FX emphasizes the fact that Fenics FX is recognized as the preferred platform, that brokers and banks alike turn to for fast and accurate price discovery.”

GFI Fenics 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. (Nasdaq: “GFIG”) 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, Dubai, Dublin, 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

London, 09 September 2009 – CB Richard Ellis (“CBRE”) and GFI Group ((Nasdaq: “GFIG) today announce the launch of a new screen-based secondary trading portal dedicated to unlisted real estate funds – Property Match.

The objective of the portal is to improve price discovery for buyers and sellers of unlisted funds, thereby enhancing both transparency and liquidity. After its first live trading day on 1st September, the screen saw pricing for more than 15 funds with more than £100 million firm prices.

Commenting on the new platform, Paul Robinson, Executive Director of CBRE Real Estate Finance, said:

“Over the course of the past few years, investors across the globe have had to sit on the sidelines watching the value of their investments erode, inhibited by the closed-ended nature of the vehicle, or by the suspension of redemption windows in otherwise open-ended funds. Throughout this cycle there have been investors willing to accept losses for liquidity and others willing to take on that risk at a price, but the mediums for communicating their interest have proved to be inadequate under the stress.

“As the market moves into a bottoming phase and risk appetite returns, having a pricing window will hasten the recovery process, narrowing bid/offer spreads and ultimately enabling managers to issue new equity. All other markets, whether listed or not, have some form of common pricing portal. Why should property be any different?”

Latest research from Property Fund Research estimates that the unlisted real estate market, predominantly made up of Property Open-Ended Investment Companies (OEICs) and property unit trusts (PUTS), currently comprises £89 billion of assets (gross asset value), approximately half the size of EPRA. Whilst the latter trades more than twice the size of its free float annually, less than 10% of the unlisted sector will trade annually.

Welcoming the launch of Property Match, Phil Clark, Chairman of the Investment Property Forum Indirect Funds Group and European Head of Property Investment at AEGON Asset Management, said:

“This is a very important step for the indirect fund industry towards creating greater transparency and liquidity within the indirect property funds market. I am delighted about CBRE-GFI’s initiative in creating such a beneficial trading portal.”

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has more than 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our website at www.cbre.com.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (Nasdaq: “GFIG”) 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, Dublin, 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™, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, and Trayport®.

About the CBRE-GFI partnership

CB Richard Ellis Group has been collaborating with GFI Group over the past five years in the development of a highly successful property derivatives business platform. Both parties believe there to be synergies for the development of this and other areas of the real estate business, with the indirect market being one such example.

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, NY, Sep 08, 2009 (MARKETWIRE via COMTEX) — GFI Group Inc. (NASDAQ: GFIG), a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, has been ranked the number one credit derivative broker in Risk magazine’s 2009 annual interdealer survey.

In the results, released today, Risk Magazine named GFI as the most preferred inter-dealer broker in all 14 categories of credit derivative products based on GFI’s capability, innovation, service, liquidity and price. Over the past 12 years GFI has been ranked as the leading broker in more categories of credit derivatives than any other inter-dealer broker.

GFI operates a leading global electronic trading platform for credit derivatives “CreditMatch(R)” that displays credit default swaps and bond prices together on the same screen. GFI’s hybrid strategy, where users of CreditMatch(R) can also utilize experienced voice brokers to execute any trade, including large or bespoke orders, opens up more trading opportunities for its customers.

Colin Heffron, President of GFI, said, “We are honoured to know that we continue to enjoy the support of our customers; we strive to provide them with the best service, the most efficient and innovative technology and access to deep liquidity pools.”

GFI has been ranked the number one credit derivative broker in the geographical regions of Americas, Europe and Asia. The 19th Annual Risk Magazine survey was conducted during the month of July, 2009 and received over 1,200 votes from participants in the global wholesale banking market, more votes than in any of its previous editions.

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, Dublin, 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:

Investor Relations Contact:
GFI Group Inc.
Christopher Giancarlo
Executive Vice President - Corporate Development
212-968-2992
Email Contact

Chris Ann Casaburri
Investor Relations Manager
212-968-4167
Email Contact

Media Contact:
GFI Group Inc.
Patricia Gutierrez
Vice President - Public Relations
Tel: (212) 968 2964
Mob: (646) 717 4379
Email Contact

CAT=GF, IR, CR

SOURCE: GFI Group