GFI to provide OTC energy data via GlobalView’s MarketView solutions
New York, March 21, 2011 – GFI Market Data, a division of GFI Group Inc., and GlobalView Software Inc., a leading provider of energy data management solutions, announced today they have entered into a new strategic partnership. This new initiative will offer GFI’s energy data via the MarketView product suite.
“We have partnered with GFI Market Data because they are the leading provider of data in a variety of energy and commodity markets across North Americaand Europe”, said Eric Fishhaut, Senior Vice President of Technology Strategy of GlobalView. “GlobalView will be able to deliver the content from GFI as part of our award-winning MarketView Solution. With the addition of GFI Market Data content, we will be able to expand our suite of energy data therefore supplying our customers with the most complete and valuable pricing information”, added Mr. Fishhaut.
Philip Winstone, Global Head of Sales at GFI Market Data, stated: “We are very pleased with our partnership with GlobalView. Having our data available through their infrastructure and platforms is an exciting opportunity for us to continue to grow our business through partnership channels.”
Mr. Winstone added: “The data is sourced directly from GFI’s electronic trading platforms for the energy markets, EnergyMatch Europe® and EnergyMatch®, and is therefore comprised of executable bid/offers and executed trade data, rather than indicative or consensus pricing. Coupled with GFI’s strength as a broker in these markets, this makes our data offering one of the most compelling available.”
EnergyMatch® and EnergyMatch Europe® bring together buyers and sellers of derivative and physical commodities contracts in an electronic OTC energy marketplace that provides market participants with multiple clearing options in an open access web based platform.
About GFI Market Data
FI is a globally recognized intermediary for cash and derivatives products. With brokerage operations in energy and commodities, fixed income, FX and equity, GFI is uniquely positioned to provide the capital markets with the data they need. GFI Market Data refers to actual market prices and trade information, reflecting real market sentiment. GFI Market Data’s energy and commodities data covers wet and dry freight derivatives, European emissions, European coal, European and UK electricity and gas and North American gas, power and emissions.
About GFI Group Inc.
GFI Group Inc. (NYSE “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.
GFI Market Data is a business unit of Fenics Software Limited.
Fenics Software Limited is a subsidiary of GFI Group Inc.
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 GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport®, and Kyte®.
GlobalView’s MarketView solution aggregates mission-critical real-time, historical and internal proprietary market data into a single platform for use on an enterprise-wide basis. The SaaS-based service allows customers to access information while working in the office, at home or on the road travelling. The accessibility and consistency allows departments throughout a company – from front to back office – to utilize the same data, streamlining their interactive activities.
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