GFI FX Options trading platform wins award two years running
New York, June 24th 2009 – Profit & Loss magazine presented its Digital Markets Awards 2009 during a dinner held in New York to celebrate the magazine’s tenth anniversary. The award for Best FX Options Trading Platform was given to GFI Group’s ForexMatch®.
GFI ForexMatch® is GFI’s electronic system for FX option trading. It supports GFI’s hybrid brokerage model, combining traditional voice brokerage services with sophisticated electronic trading technology. GFI ForexMatch® streamlines price discovery, enables FX instruments to be traded online and allows the analysis of market trends with the latest independent prices.
Nick Brown, Managing Director, Head of Financial Brokerage North America said; “We are very happy to accept this award from a leading industry publication; an award that was voted for by our peers” and added “This reflects GFI’s commitment to developing award winning trading platforms across the gamut of our product range.”
ForexMatch® now includes the entire workflow for pricing an interest, requesting prices from the market, trade execution and confirmation. The platform also offers a bi-directional trading API that enables client-side trading applications to get electronic access to live market prices. Clients can therefore link algorithmic or ‘black box’ trading to GFI ForexMatch® which adds liquidity to the market.
GFI ForexMatch® connects directly to FENICS® FX, GFI’s platform for pricing, analysing and managing currency option positions. This allows for a ready-made STP solution through which customers can pass trade details for further analysis, trade confirmation and accounting entries.
GFI’s other trading platforms include CreditMatch®, EnergyMatch® and Trayport®.
This the second consecutive year ForexMatch® received the award for Best FX Trading Platform.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (http://www.GFIgroup.com) is a leading provider of wholesale brokerage, 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 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, Santiago, Dubai, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI provides services and products to over 2,100 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(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), and Trayport(R).
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Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379