GFI Group Inc
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| GFI Group Inc. | |
| |
| Founded | 1987 |
|---|---|
| Headquarters | New York, USA |
| Key People | Michael Gooch, Chairman and CEO |
| Employees | 1500+ |
| Products | Brokerage services, market data, analytics software |
| Web site | www.GFIgroup.com |
GFI Group Inc. (NASDAQ: GFIG) is an interdealer broker specializing in over-the-counter derivatives products and related securities.
The company, founded in 1987, provides brokerage services, market data, and analytics software products to institutional clients - investment and commercial banks, corporations, insurance companies, hedge funds - in markets for a range of credit, financial, equity and commodity instruments.
The company is headquartered in New York and has offices in London, Paris, Cape Town, Hong Kong, Seoul, Shanghai, Tokyo, Singapore, Sydney, Englewood (NJ), and Sugar Land (TX). Its brands include GFI, Starsupply, GFInet, CreditMatch, ForexMatch, EnergyMatch, FENICS and Amerex Brokers LLC.
GFI is a member of the following exchanges: International Securities Exchange, the London Stock Exchange, Eurex and Euronext.liffe.
Contents |
History
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On Feb 1, 2008, GFI announced it had acquired trading software company Trayport Ltd.. GFI said in a press release that Trayport had established a leading position in supplying software to the European over-the-counter energy markets including electric power, natural gas, coal, emissions and freight. Trayport's software had been installed on more than 10,000 trading screens worldwide, dealing in over 2,000 different trading instruments and supporting over 50 marketplaces across 15 countries. Trayport had estimated revenues of $28 million for their fiscal year ending Jan. 31, 2008. GFI paid approximately $164 million for Trayport. [2]
Products and Services
GFI provides voice brokerage services in each of the markets in which it operates. These are typically illiquid and more complex than the markets for more standardised financial instruments. In GFI’s less commoditised markets brokers use their position at the centre of information flows to source the best price.
Since 1999, GFI has strategically been deploying hybrid solutions in a number of markets by using online or electronic systems to support its voice brokerage operations in delivering the most efficient deal execution. GFI’s hybrid solution operates in many of its markets, including currency derivatives, credit derivatives, North American, European and UK electricity, freight derivatives, emissions and North American and European weather. These solutions are currently marketed under the names of CreditMatch®[3], ForexMatch®[4], EnergyMatch®[5] and EnergyMatch® Europe[6].
GFI makes it its market data available through a number of channels including, streaming web portals, FTP file downloads, FENICS analytics and data vendors. Each channel is tailored to suit front, middle or back office requirements. Currently available data sets include: FX options, credit derivatives, European repo, European energy, emerging market bonds, North American energy.
GFI also sells FENICS®[7], a derivative pricing tool which can be deployed to cover the FX, credit, freight or energy markets and is used as a front office platform for pricing and analysing derivatives.
Key People
Michael Gooch, Founder and CEO
References
- ↑ Structure & Management. GFI Group. Retrieved on February 1, 2008.
- ↑ Press Release. GFI Group. Retrieved on Feb. 1, 2008.
- ↑ CreditMatch. GFI Group. Retrieved on February 4, 2008.
- ↑ ForexMatch. GFI Group. Retrieved on February 4, 2008.
- ↑ EnergyMatch. GFI Group. Retrieved on February 4, 2008.
- ↑ EnergyMatch Europe. GFI Group. Retrieved on Feburary 4, 2008.
- ↑ Fenics. GFI Group. Retrieved on February 4, 2008.
