GFI Voted the Preferred Credit Derivatives Broker by Dealers
NEW YORK, NY, Sep 20, 2010 (MARKETWIRE via COMTEX) — GFI Group Inc. (NASDAQ: GFIG) has been ranked the number one credit derivatives broker in Risk Magazine’s 2010 annual global interdealer survey. GFI is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets.
The results, released by Risk Magazine in their September issue, named GFI Group as the overall globally preferred broker in 10 categories, out of a total of 15, of credit derivative products based on GFI’s capability, innovation, service, liquidity and reliability. Over the past 13 years GFI has been ranked as the leading global broker in more categories of credit derivatives than any other wholesale broker.
GFI operates a premier electronic trading platform for credit derivatives “CreditMatch(R),” that displays credit default swaps and bond prices together on the same screen. GFI’s hybrid strategy, where users of CreditMatch(R) can also utilize experienced voice brokers to execute any trade, including large or bespoke orders, opens up more trading opportunities for its customers.
Colin Heffron, President of GFI said, “We are fully committed to our customers and strive to provide them with the best quality service and state-of-the-art technology. Our continued investment in people and in technology allows us to offer seamless trading for fixed income products,” and added, “We are honored that our customers have continued to use, and benefit from, our services.”
The 20th Annual Risk Magazine survey was conducted during the month of July 2010 from participants in the global wholesale banking market, and received 1,807 valid responses from dealers and brokers. The survey covered 117 derivatives categories across interest rates, foreign exchange, credit and equity derivatives.
About GFI Group Inc. www.GFIgroup.com GFI Group Inc. (NASDAQ: GFIG) 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 fixed income, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,800 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,400 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(SM), GFInet(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), Trayport(R), and Kyte(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 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.
SOURCE: GFI Group Inc.
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