New York, January 13, 2011 – GFI Market Data, a division of GFI Group Inc., and ZE PowerGroup Inc. (ZE), a leading provider of software and strategic consulting in the energy industry, announced today they have entered into a new partnership initiative to offer GFI’s energy data through ZE’s ZEMA™ Suite.
Philip Winstone, Global Head of Sales at GFI Market Data, stated: “Having our data available through the ZEMA infrastructure and platforms is an exciting opportunity for us to continue to grow our business through partnership channels. Our data is derived from GFI’s award-winning electronic trading platforms and I believe the opportunities provided by this partnership with ZE will allow our mutual clients to benefit from both companies’ expertise.”
“ZE has selected to partner with GFI Market Data, as they are a leading provider of data in a variety of energy and commodity markets across North America, Europe and the UK”, said Dr. Zak El-Ramly, CEO and founder of ZE. “ZEMA collects and aggregates data from vendors around the globe to provide clients with unmatched data options. The addition of GFI’s European energy data will increase ZE’s exposure to meet objectives in enterprise data management and ETRM integration for market discovery and business process automation”, added Dr. El-Ramly.
ZE is an experienced software and strategic consulting firm that combines energy industry expertise with advanced software development capability. The company possesses deep industry knowledge and comprehensive operational experience. ZE is the developer of the ZEMATM data management and analysis solution which collects data related to coal, power, gas, crude oil, financial, weather, emissions, hydrology and others and is used as a business process automation and integration tool for small and large scale organizations alike. ZEMA TM is created by experts to meet the specific challenges faced by energy industry participants.
About GFI Market Data
GFI is uniquely positioned to provide the capital markets with the data they need. GFI Market Data refers to actual market prices and trade information, reflecting real market sentiment not just indications gleaned through consensus pricing. GFI Market Data’s energy and commodities data covers wet and dry freight derivatives, emissions, coal, power and gas.
GFI Market Data is the brand under which Fenics Software Limited operates its market data business.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (NYSE “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 fixed income, financial, equity and commodity instruments.
Fenics Software Limited is a subsidiary of GFI Group Inc.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,800 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogotá, 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.
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