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GFI Group and Nittan Extend Use of GFI Fenics® FX
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
CBRE & GFI Announce Launch Of New Fund Trading Portal Property Match™
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
GFI Group Inc. Named Top Credit Derivatives Broker for 2009 Ranked No. 1 in All 14 Credit Derivative Categories by Risk Magazine
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
GFI Group and Quick Corp. Extend Collaboration Agreement
New York, August 31, 2009 -GFI Group Inc. (Nasdaq: “GFIG”) and QUICK Corp. of Japan have extended their long-standing relationship whereby GFI’s FX Options market data is made available to QUICK terminal users in Japan.
GFI FX Options Volatility data licencing and distribution via QUICK terminals is extended for another two years. At the heart of this agreement is a new sales and distribution partnership between GFI and QUICK for application usage. The partnership will enable QUICK’s clients to download GFI data into their own systems, for example their risk management system, and to perform in-depth analysis using GFI’s data outside the desktop terminal for the first time.
Elliott Hann, GFI’s Head of Data Sales in Asia, stated: “We are delighted to have extended our relationship with QUICK that enables their clients in Japan to have access to our high quality price information” and added, “we have seen for some time now an increasing demand globally for GFI’s market data services to be used in off-desktop business areas such as risk management, pricing and valuations The new aspect of this agreement will allow QUICK’s clients in Japan to benefit from this demand”.
Yasunori Hanamiya, Executive General Manager of QUICK Corp. said, “QUICK Corp. is also pleased to enter into a new agreement with GFI, which opens the way for our customers to use GFI market data outside of the QUICK terminal and allow them more flexibility. We believe this will certainly help us to catch up with increasingly diversified requirement of our clients today.
QUICK Corp. is the principal Japanese financial information vendor and a financial information provider in the Nikkei Group. It supplies information to customers in the securities and financial markets. Their service offer includes Japanese, Asian and Global real-time financial information, as well as news and historical information.
The new agreement becomes effective October 1st, 2009.
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 QUICK Corp.
QUICK Corp. (http://corporate.quick.co.jp) is Japan’s comprehensive information vendor and a financial information provider in the Nikkei Group. It provides trustworthy information from a fair and neutral standpoint to customers. QUICK’s service includes Japanese, Asian and Global real-time financial information, as well as news and historical information. In addition it furnishes a wide range of solutions for financial information that support tasks from analysis, order routing and asset management through to network installation and management. Headquartered in Tokyo, QUICK was founded in 1971 with additional offices in Osaka, Nagoya, Fukuoka, New York, London, Hong Kong, and Shanghai. QUICK provides services and products. Its brands include QUICK LevelX, QUICK ActiveManager, Astra Manager, and Astra Consultant. All these brands are registered as a trademark.
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
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