New York, July 6, 2011 – GFI Market Data, a division of GFI Group Inc., announced today that it has entered into an agreement with ENER-G Procurement Ltd, a specialist consultancy in energy purchase and management, to provide its European power and gas market data. GFI will supply ENER-G Procurement with historical data as well as streaming updates.
Satish Pandey, ENER-G Procurement’s Head of Strategy & Risk Management said: “A leading broker like GFI offers a great deal of liquidity on the range of prices on the forward curve and this offers us greater confidence in our knowledge of the current state of the market. This knowledge helps us to better manage our supplier and client relationships” and added, “Accessing pricing is important but it is key that the liquidity behind those prices comes from a leading energy broker like GFI“.
Shai Popat, Head of European Sales at GFI Market Data commented: “We are delighted to have ENER-G Procurement as a client. It is pleasing to see a leading procurement company turning to GFI for an independent and comprehensive view of the energy markets. Our energy brokers are world class as is EnergyMatch®, our electronic trading platform and sourcing the pricing directly from this platform makes our market data of the highest quality.”
Sourced directly from GFI EnergyMatch®, GFI Group’s energy and commodities electronic trading platform, GFI Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets.
ENER-G Procurement Ltd is a consulting firm that works with companies from a wide range of sectors to develop optimum purchasing strategies. As an independent broker of electricity and natural gas, the company uses its purchasing expertise and market knowledge to secure the best procurement terms possible, while providing specialist services to manage an energy portfolio.
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.
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
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