Press
Karen Laureano-Rikardsen
+1 212 829 4975
Partnership to provide intraday and historical global credit default swaps data via Macrobond’s analytics platform
New York, February 16, 2011 – GFI Market Data, a division of GFI Group Inc., and Macrobond Financial AB announced today their partnership to offer GFI sovereign credit default swaps data via Macrobond’s analytics platform. The data will also include historical prices going back to 1997.
Macrobond clients will be able to analyse and map historical and on-going trends and validate trading ideas using GFI Market Data’s sovereign CDS product on the Macrobond application.
Philip Winstone, Global Head of Sales at GFI Market Data said: “GFI Market Data provides a comprehensive, global view of actual executable and executed CDS prices that is sourced directly from GFI CreditMatch™, one of the most widely used and highest rated trading platform for CDS. We are pleased that Macrobond recognises the value of providing this data to its clients over indicative or consensus sources. This distribution and sales partnership is also an exciting extension of our strategy to increase the reach of our high-quality data services.”
Tomas Liljeborg, CEO at Macrobond stated: “We are pleased to be working with the number 1* credit broker globally providing an independent view of CDS market activity. We will distribute detailed global CDS data from GFI Market Data on both sovereigns and corporates with extensive history. The data will be made available in our Macrobond Application, a dynamic charting and analytical platform with global financial and economic data” and added, “The availability of GFI’s CDS data on our platform is complementary to our global data sets and will give our clients a big edge.”
Macrobond’s clients may also elect to subscribe to the full suite of GFI Market Data’s CDS products which includes global corporate, index, tranche, spread and switch pricing in CDS.
Macrobond Financial AB is a Swedish company that provides extensive time series data on a comprehensive range of economic and financial indicators.
*GFI voted No.1 Credit Broker (Credit Magazine Interdealer Rankings 2010) and No.1 Credit Derivatives Broker (Risk Interdealer Rankings 2010).
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 product suite includes CDS, bonds, fx options, equities, interest rates and energy and commodities data.
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.