New York, December 7, 2011 – GFI Market Data, a division of GFI Group Inc., announced today that it has entered into an agreement with Petrol Energetika, a leading Slovenian energy company and the principal supplier of oil and other energy products to the Slovenian market.
Petrol Energetika will use GFI market data to gain an insight into markets with limited liquidity as well as those that are in the process of deregulating or have done so recently.
Shai Popat, Head of European Sales at GFI Market Data said: “We are very happy to welcome Petrol Energetika as a client. We will strive to provide them with the best quality data in energy and the commodities. Our data derives from EnergyMatch® Europe, our world-class electronic trading platform for energy and commodities, and from our highly experienced brokers. Our strength and reputation as a broker in these regions allow GFI to play a leading role in the provision of high quality market data.”
As Eastern European markets deregulate and more players are coming to the market, the need for high quality information is on the rise. GFI is focused on providing a wealth of data that will assist companies like Petrol Energetika in such areas as price discovery, valuation and market risk.
Petrol Energetika is the principal strategic supplier of oil and other energy products to the Slovenian market. The core area of operations of the Petrol Energetika Group is oil trading activities. Petrol Energetika’s principal competitive advantage over potential competitors is its extensive network of 348 modern service stations in Slovenia and abroad. The principal development direction of Group is the introduction of new energy activities, in particular the sale of gas, heat and electricity, but in the long run also renewable energy sources.
Sourced directly from GFI EnergyMatch® Europe, GFI Group’s energy and commodities electronic trading platform for Europe, GFI Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets.
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.
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.
Headquartered in New York, GFI was founded in 1987 and employs more than 2,000 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, Tel Aviv, Calgary, 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®.
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.
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