Oct, 30 2014
GFI Empire Electronic Brokerage Launches Block Futures on EnergyMatch® Thu, 30 Oct 2014 11:20:41

GFI EnergyMatch establishes electronic trade facilitation and STP with major clearinghouse

New York, October 30, 2014 – GFI Group Inc. (NYSE: “GFIG”) today announced that it will offer block future services of Crude Oil, Natural Gas, and Refined Products block futures on its EnergyMatch® platform.  It is anticipated that energy options will be added in early 2015. 

The platform offers users a choice in clearing with the recently added connection to CME’s Clearport Trade Submission API to allow for Straight Through Processing (STP) of trades. 

Headed by Lou Pellathy, Empire Electronic Brokerage, a Division of GFI Securities LLC., was set up in June 2014 to support EnergyMatch®,.  The desk also plans to facilitate session based and continuous all day matching services that will allow traders to express interest at a pre-defined level without having to specify size or direction.

Richard Giles, GFI Group Managing Director and Head of Commodities and Energy Brokerage North America said: “Setting up Empire exemplifies our commitment to our electronic offering and to our hybrid business model. Lou and his team combine many years of experience and knowledge and are a very welcome addition to our growing energy and commodities offering”. 

EnergyMatch® is a Java web based platform where traders can connect directly to the platform using an industry standard FIX API or an Excel Add-in to link prices. It supports clearing to multiple designated clearing organizations (CME, ICE, Nodal).  EnergyMatch® combines cutting-edge technology with voice brokerage services to create an easily accessible liquid marketplace.

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About GFI Group Inc. www.GFIgroup.com 
GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, 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 1,900 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.

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