GFI Market Data to supply power and gas data to UK clean tech solutions provider
New York, July 6, 2011 – GFI Market Data, a division of GFI Group Inc., announced today that it has entered into an agreement with ENER-G Procurement Ltd, a specialist consultancy in energy purchase and management, to provide its European power and gas market data. GFI will supply ENER-G Procurement with historical data as well as streaming updates.
Satish Pandey, ENER-G Procurement’s Head of Strategy & Risk Management said: “A leading broker like GFI offers a great deal of liquidity on the range of prices on the forward curve and this offers us greater confidence in our knowledge of the current state of the market. This knowledge helps us to better manage our supplier and client relationships” and added, “Accessing pricing is important but it is key that the liquidity behind those prices comes from a leading energy broker like GFI“.
Shai Popat, Head of European Sales at GFI Market Data commented: “We are delighted to have ENER-G Procurement as a client. It is pleasing to see a leading procurement company turning to GFI for an independent and comprehensive view of the energy markets. Our energy brokers are world class as is EnergyMatch®, our electronic trading platform and sourcing the pricing directly from this platform makes our market data of the highest quality.”
Sourced directly from GFI EnergyMatch®, GFI Group’s energy and commodities electronic trading platform, GFI Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets.
ENER-G Procurement Ltd is a consulting firm that works with companies from a wide range of sectors to develop optimum purchasing strategies. As an independent broker of electricity and natural gas, the company uses its purchasing expertise and market knowledge to secure the best procurement terms possible, while providing specialist services to manage an energy portfolio.
About GFI Market Data
GFI is uniquely positioned to provide the capital markets with specific suites of data. GFI Market Data refers to actual market prices and trade information, reflecting real market sentiment not just indications gleaned through consensus pricing. GFI Market Data’s product suite includes CDS, bonds, FX options, equities, interest rates and energy and commodities data.
GFI Market Data is the brand under which Fenics Software Limited operates its market data business.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, 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 1,900 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogotá, 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®.
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