Author: gfigroup

New York, November 20, 2013 – GFI Group Inc. (NYSE: “GFIG”), a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, announced today that two of the world’s leading banks, Credit Suisse and UBS, will be utilizing the sponsored access functionality of GFI’s Swap Execution Facility “SEF” for interest rate swaps.

GFI Sponsored Access functionality allows dealer banks to connect their existing customer execution platforms to RatesMatch^SM, the firm’s electronic SEF marketplace for the trading of interest rate swaps. Credit Suisse and UBS will act as agents, facilitating an easy transition for their customers as they comply with the Dodd-Frank Act and Commodity Futures Trading Commission’s (CFTC) SEF rules. UBS will also stream prices into RatesMatch^SM Central Limit Order Book, adding additional liquidity to GFI’s market place for interest rates swaps.

GFI RatesMatch^SM provides banks and their customers with a central liquidity pool and the use of 4 major trading protocols: Central Limit Order Book, Request-for-Quote, Matching sessions and Request-for-Match^SM.

Henry Ann, Head of Rates–North America at GFI Group said: “We are delighted that Credit Suisse and UBS are partnering with RatesMatch^SM for interest rate swaps in the new regulatory landscape. Our sponsored access functionality underscores GFI’s commitment to working with major dealers that are connecting their customers to our SEF.  This is an important early step in the evolution of our rates business and we look forward to working with these two firms and other dealers who will be using our sponsored access model in the future.”

“Providing our clients seamless access to SEFs like GFI’s through our sponsored access model is at the core of our agency and liquidity aggregation strategy. We believe enabling clients to benefit from the GFI liquidity pool without the challenges of becoming a direct SEF participant is incredibly valuable in this time of complexity and fragmentation” said Paul Hamill, Managing Director, Fixed Income Trading at UBS.”

GFI Swaps Exchange LLC has received temporary registration approval from the Commodity Futures Trading Commission (“CFTC”) to operate a Swap Execution Facility (“SEF”) for the trading of regulated swaps.  It offers its members a comprehensive range of electronic and other methods of trade execution, including central limit order book, electronic request for quote (“RFQ”), voice-based request-for-quote, Request for Match^S, session-based matching and join-the-trade.

GFI’s SEF also facilitates execution of brokered trades, cross trades and block trades. GFI Swaps Exchange includes the following trading systems: RatesMatch^SM, CreditMatch®, GFI ForexMatch® and EnergyMatch®.

——————————————————

About GFI Group Inc.

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage services, 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 2,000 people with additional offices in London, Paris, Nyon, Hong Kong, Manila, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Buenos Aires, Lima, Dubai, Dublin, Tel Aviv, Los Angeles and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,600 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI^SM, 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.

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
www.gfigroup.com

New York, November 12, 2013 – FENICS^®, a leading provider of FX options software, announced today that Nittan Capital, a leading inter-dealer broker in the Asia-Pacific region specializing in financial derivatives between banks and authorized financial institutions, has licensed FENICS Professional^TM, a pricing and risk management system for foreign exchange options. Nittan Capital has deployed FENICS Professional in its Singapore and Hong Kong offices.

Richard Brunt, Managing Director of FENICS, said: “We are delighted that Nittan Capital has selected FENICS Professional as their FXO system, delivering a high level of integration via our locally based Professional Services Group. This is an exciting time for FENICS in the Asia region, as we continue to widen our client base. Our investment in development and support resources in Asia is on-going and is something that we will look to accelerate in 2014”.

Chris Butcher, Head of Regional Currency Options at Nittan Capital said: “We have selected FENICS Professional over the competition not only on the basis of its reputation in the FX Options market place but also because of FENICS’ ability to connect to our back office system seamlessly, making our business process more efficient and allowing us to better service our customers.”

The FENICS Professional STP API allows Nittan Capital staff to quickly and accurately capture FX option trade details and send them through to their back office systems and to their client network without the need for re-keying or human intervention.

FENICS Professional is a suite of pricing, distribution, risk management, analytics and STP (straight-through processing) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.

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

———————————-

About FENICS www.FENICS.com

FENICS® Software Limited is a wholly owned subsidiary of GFI Group Inc., a leading provider of wholesale brokerage services and trading support products in a multitude of global cash and derivatives markets.

FENICS has more than 25 years’ experience of providing intuitive price discovery software to currency derivative markets. Its ability to deliver powerful and accurate price discovery and revaluation is enhanced by GFI’s presence as an important independent intermediary in OTC markets. FENICS’ leading foreign exchange option pricing and analysis tool is licensed for use at over 350 client sites worldwide. FENICS operates from offices in London, New York, Shanghai, Singapore, Hong Kong, Tokyo and Sydney.

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.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com

New York, October 28, 2013 – FENICS^®, a leading provider of FX options software, announced today the release of FENICS Professional^TM 12.3, a new generation of its award-winning FX options software. This major release applies cutting-edge quantitative models to greatly enhance FENICS’ exotic math offering. 

A Local Stochastic Volatility (LSV) pricing model within FENICS Exotics, complete with a calibration data feed, provides users with the tools to price complex exotic options accurately and with confidence. This release also brings full support for Target Accrual Redemption Forward (TARF) options throughout the FENICS Professional product.

Richard Brunt, Managing Director of FENICS said: “Our customers requested that we add an LSV model to our existing exotic package, and we are delighted to have delivered this. The feedback during our soft launch phase has been excellent, and we look forward to rolling out this new functionality to our wider client base.”

Brunt added: “Our investment in providing cutting edge maths models and new option types is on-going and our models remain at the core of the FENICS Professional product.”

John Crisp, Director of the Product Group at FENICS added: “FENICS has applied expert quantitative resource to building these models within the FENICS Professional solution. We are proud to be one of the first in the FX space to offer up-to-date calibration data as part of this service.”

Calibration is a key part of an LSV model. Within FENICS Professional 12.3 customers can choose whether to use FENICS’ calibration, their own, or compare the two. The addition of these complex analytics, along with this flexibility, gives FENICS users a clear, accurate solution for FX options pricing and the control required for risk management. 

FENICS Professional is a suite of pricing, distribution, risk management, analytics and STP (straight-through processing) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.

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

About FENICS www.FENICS.com

FENICS® Software Limited is a wholly owned subsidiary of GFI Group Inc., a leading provider of wholesale brokerage services and trading support products in a multitude of global cash and derivatives markets.

FENICS has more than 25 years’ experience of providing intuitive price discovery software to currency derivative markets. Its ability to deliver powerful and accurate price discovery and revaluation is enhanced by GFI’s presence as an important independent intermediary in OTC markets. FENICS’ leading foreign exchange option pricing and analysis tool is licensed for use at over 350 client sites worldwide. FENICS operates from offices in London, New York, Shanghai, Singapore, Hong Kong, Tokyo and Sydney.

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.

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