New York, March 20, 2012 – GFI Market Data, a division of GFI Group Inc. (NYSE:”GFIG”), announced today that it has entered into an agreement with the US corporation Summit Energy by which GFI will supply Summit with market data on European gas, power, emissions and coal. GFI will provide historical data as well as streaming updates.
Mark Daubney, a trader at Summit Energy stated: “We use GFI data screens to monitor the wholesale markets and ensure that when dealing with suppliers and or banks to purchase energy and commodities they are reflective of current spreads and prices offered in the OTC market”.
“We are very pleased to welcome Summit Energy as a client – a further sign of our expansion into the US market” said Sue Poulin, Commercial Head of GFI FENICS and Market Data for the Americas, “Due to our highly experienced brokers and our systems being deeply penetrated into these markets, we are confident we will provide Summit with the quality data in energy and the commodities it requires.”.
Summit Energy provides energy management and sustainability services to organizations in a wide range of industries. Summit Energy began in 1991 as a small natural gas consulting firm in Louisville, KY, USA. Summit Energy has grown into a global company that excels in leading companies to cost-effective and sustainable energy.
Through 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. EnergyMatch ® Europe runs on Trayport®’s Broker Trading SystemSM technology. Trayport is a leading provider of energy trading solutions to traders, brokers and exchanges worldwide. It develops, deploys and supports quality, resilient software for trading in any asset class worldwide in cleared or OTC 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. 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.
Headquartered in New York, GFI was founded in 1987 and employs more than 2,200 people with additional offices in London, Paris, Nyon, 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 GFI(SM), 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.
For any queries or additional information please contact:
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379