New York, September 4, 2012 – GFI Group Inc. (NYSE: “GFIG”) is pleased to announce that it has been granted the license to open an office in Mexico D.F., Mexico. The new office will be staffed by local brokers and will apply GFI Group’s hybrid model to its operations – combining experienced brokers and GFI’s state-of-the art trading technology.
The Mexican regulator CNBV (Comisión Nacional Bancaria y de Valores) has granted GFI Group’s local affiliate a license to commence operations.
Nick Brown, Managing Director and Head of Financial Product Brokerage, North and South America, said: “We are very pleased to receive our license from the CNBV to open an office in Mexico after previously servicing our Mexican clients from New York for over 10 years. This is a very important market for us and we intend on expanding our presence while increasing market depth. We will be applying our award-winning trading technology to enhance all the products and services provided to the Mexican financial markets.”
Mr. Brown added: “’We believe our technology will help enable the local Mexican financial markets answer the global call for greater transparency and more efficiency and we look to be involved in the new regulatory landscape currently being constructed by the Mexican regulators.”
The new office will operate GFI’s award winning* electronic trading platform ForexMatch®.for FX derivatives.
GFI Group is present in other Latin American countries, including Peru, Argentina, Chile and Colombia, where it has helped increase market transparency, liquidity and efficiency.
*FX Week magazine named GFI Best electronic Broker 2010 in its annual e-FX awards, and Profit & Loss magazine named GFI ForexMatch® Best FX Options Trading Platform at its Digital Markets Awards in 2008, 2009, 2010 and 2011.
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 2,100 people with additional offices in London, Paris, Nyon, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Buenos Aires, Dubai, Dublin, Tel Aviv, 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.
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