Month: November 2010

New York, November 29, 2010 – GFI Group, Inc (NYSE: “GFIG”) has been voted Commodity Broker of the Year 2010 by Commodities Now magazine in this year’s Commodity Business Awards. GFI is a leading provider of wholesale brokerage, clearing services, electronic execution, and trading support products for global financial markets.

Commodity Broker Award of the Year 2010 is presented to the traditional (non-position taking) commodities broker that has shown consistent innovation and product development over the last twelve months.

As the role of the traditional broker continues to evolve, Commodities Now looked for brokers that have challenged the status quo, developing new ways of interacting with clients, enhancing product lines, engaging with the industry and its regulators, and providing additional trading and clearing services.

Colin Heffron, President of GFI Group, said: “We are honoured to receive this prestigious award as recognition of our commitment to serve our clients with the highest quality service and products that meet their evolving needs” and added, “Our people at GFI, Amerex , StarSupply and Trayport strive to provide the best that can be offered in the commodities sector”.

The Award process entailed a submission to a panel of editors, from which they selected and drew a list of nominees, where market practitioners (worldwide) were then asked to vote for companies whom they believed deserved recognition and reward for advancing commodity business expertise.

GFI Group, Amerex, StarSupply and Trayport provide access to global energy, commodities, power and emissions markets through a hybrid approach that combines voice brokering with state-of-the-art electronic trading platforms: EnergyMatch®, EnergyMatch® Europe, and Trayport Global Vision Trading Gateway®.

About GFI Group Inc. www.GFIgroup.com 
GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, clearing services, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platforms and analytics software products to institutional clients in markets for a range of fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,900 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,400 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.

About Amerex Brokers LLC 
Founded in 1978, Amerex is a leading over-the-counter energy brokerage offering services in electricity, natural gas, emission credits and allowances, renewable energy credits, retail energy procurement, energy consulting and energy data services. From its office in Houston, Amerex offers liquidity and timely execution to meet the needs of a global client network of more than 1,000 firms including thousands of traders and risk management professionals. 
For additional information, please visit www.amerexenergy.com. Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group Inc. (NYSE:GFIG), a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI provides brokerage services, trading system software and market data and analytics software products for a range of credit, financial, equity and commodity instruments. GFI operates one of the largest OTC energy brokerage businesses in North America both directly and through its Amerex and StarSupply businesses. More information is available atwww.amerexenergy.com

About Trayport Limited
Trayport produces software for exchanges worldwide. It is the leading provider of software to the European commodity trading community. Trayport develops, deploys and supports quality, resilient software for trading in any asset class worldwide in cleared or OTC markets. Its GlobalVisionSM software is used by the world’s largest trading companies in high profile markets that include derivative and cash instruments. Founded in 1993, Trayport has offices in London, New York and Hong Kong. Trayport is a subsidiary of GFI Group Inc. (‘GFIG’ on NYSE). More information is available at www.trayport.com.

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 GFI Group Inc. (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; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. 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.

New York, November 22, 2010 – GFI Group Inc. (NYSE “GFIG”) announced today the launch of the GFI Distressed Asset Receivable Trading (GFI DARTSM) Platform, the first electronic platform designed to enhance the purchase and sale of tax receivables in the secondary market.

GFI DARTSM allows investors to anonymously list, view and submit bids for pools of tax liens and tax deeds. This breakthrough in technology provides structure to the increasingly liquid secondary market for this popular investment vehicle. We believe sellers of tax receivables will be able to maximize the value of their pools through GFI’s large buyer base, and buyers will gain access to unique investment opportunities.

GFI DARTSM provides investors with the tools to find pools of tax receivables that fit their particular investment criteria. Furthermore, the platform provides dynamic offer prices and price history for each pool, updated by the GFI Tax Receivables Brokerage Desk.

Tom McOsker, head of GFI’s Tax Receivables Brokerage Group, said “At GFI, technology and people are our core strengths. We are excited to introduce GFI DARTSM as the cutting edge electronic platform to support our successful voice brokered business for tax liens. By combining talented people with intelligent tools, we are dynamically changing this marketplace.”

The issuance of tax receivables is one of the oldest financing models in America. Currently 29 states, the District of Columbia and 2 territories participate in some form of tax auction.

Prior to the launch of GFI DARTSM, there was no centralized platform to provide information to the secondary marketplace for these assets. By compiling information about tax receivables from an otherwise fragmented and geographically diverse network, GFI DARTSM delivers crucial information to investors in this sector that we believe will enable the development of an active and liquid secondary market.

The GFI Tax Receivables Desk applies specific market knowledge to locate bids and offers and aggregates pools of liquidity. The desk provides brokerage services to all forms of tax lien investors; including global financial institutions, hedge funds, private equity firms, regional lien pools, venture capital investors, local and state taxing authorities, corporations and family offices.

About GFI Group Inc. www.GFIgroup.com 
GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, clearing services, 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 fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,900 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Englewood (NJ) and Sugar Land (TX).

GFI Group Inc. provides services and products to over 2,400 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.

Forward-looking statements 
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 GFI Group Inc. (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; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. 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.

Disclaimer
This press release does not constitute an offering of securities, tax liens, tax deeds, or other products. The services described herein are provided by GFI Brokers LLC, a wholly owned subsidiary of GFI Group Inc.( together with its affiliates, “GFI”)  In providing such services, GFI acts solely as a name give-up broker, and at no time assumes principal positions in any trade.

GFI and its employees are not in the business of providing tax or legal advice and do not provide any such advice to any person outside of GFI.  This promotion is not intended or written to be used, and cannot be used or relied upon, for the purpose of avoiding tax penalties.  You should seek advice based on your particular circumstances from an independent tax advisor.

The lien or tax certificate is a lien for the taxes due only. The lien or tax certificate does not transfer title to the parcel upon which the lien was purchased or assigned. Due diligence or pre-purchase research is advised to identify any other liens, which may apply against the property. A lien does not allow for trespass upon the property or right of eviction proceedings against the delinquent property owner if occupied. Tax lien purchase does not allow for initiating demolition or making improvements on the property. Federal bankruptcy filed against a property will freeze all activity including redemption on the parcel(s) involved. Funds invested cannot be refunded until the bankruptcy is released. Payment of interest on tax liens against properties in a bankruptcy can and will be determined by the federal bankruptcy court. Caveat Emptor “Let the buyer beware” applies in all tax lien, tax certificate and tax deed foreclosure transactions.

New York, November 3, 2020 – GFI Group Inc. (NYSE: “GFIG”) today announced the establishment of a new Flat Price Henry Hub Natural Gas desk. Based in New York, the new desk is led by a team of three brokers: Greg Chaves, Chris McHugh and Eugene Marquardt, who have a combined 50 plus years of experience in the commodities markets.

The new desk will work closely with GFI Group’s electronic trading platform for commodities, EnergyMatch®, in line with the firm’s hybrid business model. The new team of brokers will add value to the platform with their experience while enhancing liquidity for its customers.

G. Chaves, C. McHugh and E. Marquardt had worked previously together at BNP Paribas where they started the unleaded gas futures trading group. Former members of the New York Mercantile Exchange (NYMEX), Messrs. Chaves, McHugh and Marquardt brokered energy commodities for BNP Paribas for over 10 years.

Richard Giles, GFI Group Managing Director and Head of Commodities and Energy Brokerage North America said: “We are very happy to have such an experienced team on board” and added, “they will provide further value to our customers through our EnergyMatch® hybrid trading platform.”

EnergyMatch® is the next generation electronic OTC energy marketplace combining the liquidity pools of multiple brokerage firms, electronic trading participants along with multiple clearing options in an open access web based platform. It brings together buyers and sellers of derivative and physical commodities contracts. It enables financial institutions, hedge funds, energy companies, transporters and other natural market participants to trade in OTC markets, manage risks associated with price volatility and diversify assets.

About GFI Group Inc. www.GFIgroup.com 
GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, clearing services, 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 fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,900 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,400 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.

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 GFI Group Inc. (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; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. 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.