Press
Karen Laureano-Rikardsen
+1 212 829 4975
Leading Treasury Solutions Provider and GFI Group announce agreement
New York, June 27, 2012 – GFI Market Data, a division of GFI Group Inc. (NYSE: GFIG), and Visual Risk announced today that they have entered into an agreement whereby GFI will supply Visual Risk with its full suite of Market Data, which includes data on OTC derivatives in fixed income, FX, energy & commodities, equities and interest rates.
Paul Nailand, Managing Director of Visual Risk said: “We are delighted to have GFI’s Market Data suite available as part of our new Integrated Market Data Service. Corporate treasuries and smaller financial institutions increasingly need to take a more sophisticated approach to valuation and curve construction.The volatility surfaces and other specialised data that GFI provide play an integral role in this process and we are pleased to be able to make them available seamlessly to our customers.”
Philip Winstone, Global Head of Market Data at GFI stated: “GFI is excited to be able to offer Visual Risk’s diverse client base access to our OTC market data. The demand for transparent high quality OTC derivative data has never been higher and this partnership makes GFI data available to a wider audience than traditional financial market participants. Visual Risk’s clients are able to now streamline GFI data directly into their Total Treasury™ system via an automated cloud-based service.”
Visual Risk is a specialist provider of treasury solutions to public and private sector corporates, debt management intensive entities and financial institutions ranging from commercial banks to credit unions. Covering interest rates, FX, commodities and asset-liability management, Visual Risk delivers a full front-to-back solution encompassing advanced risk dashboard analytics, hedge accounting, back office and cash/liquidity management. Headquartered in Sydney, Visual Risk was founded in 2001 and has over 110 customers in Australia, New Zealand, South East Asia and Europe.
About GFI Market Data
GFI is uniquely positioned to provide the capital markets with specific suites of data. 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. Fenics Software Limited is a subsidiary of GFI Group Inc.
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.
Fenics Software Limited is a subsidiary of GFI Group Inc.
Headquartered in New York, GFI was founded in 1987 and employs more than 2,100 people with additional offices in London, Paris, Nyon, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Buenos Aires, 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 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.
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