Emerging Market Expansion for Leading Inter-Dealer Broker
NEW YORK, October 1 /PRNewswire-FirstCall/ — GFI Group Inc. (Nasdaq: GFIG) has bought a 49% stake in Premium Securities, S.A. (“Premium”), an inter-dealer broker of fixed income, foreign exchange and derivative products in Argentina.
Ron Levi, GFI’s chief operating officer said “Premium provides GFI with a partner in an important Latin American market with expansion opportunities in soft commodities and developing derivative markets. Also, we are pleased that Alejandro Bueno, Premium’s president, is continuing to lead the company. Mr Bueno has established Argentina offices for other inter-dealer brokers and that experience will be a great asset to GFI in growing our emerging market operations.”
GFI has the option to purchase the remaining 51% of Premium at specified dates over the next few years.
Premium has 15 employees and is based in Buenos Aires.
About GFI Group Inc.
GFI Group Inc. (http://www.GFIgroup.com) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Dubai, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI provides services and products to over 2,200 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet(R), CreditMatch(R), GFI ForexMatch(TM), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), and Trayport(R).
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 the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: acquisitions by us of businesses or technologies; 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; and uncertainties relating to litigation. 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.
Investor Relations Contact:
GFI Group Inc.
Executive Vice President – Corporate Development
Chris Ann Casaburri
Investor Relations Manager
GFI Group Inc.
Public Relations Manager
SOURCE GFI Group Inc