GFI FENICSSM enables leading global payments provider to enhance service offering
New York, January 10, 2012 – GFI FENICS SM announced the expansion of its agreement with Cambridge Mercantile Corporation of Toronto, Canada for the licensing of FENICS Professional™ to include its Montreal and Vancouver offices. FENICS Professional has allowed Cambridge Mercantile Corp to broaden their range of services as part of their aggressive growth strategy.<
Bernard Heitner, CEO, Cambridge Mercantile Corp. said, “We are keen on staying at the forefront of the market place with the range and depth of services we can provide to clients. Adding FX options to our product suite has been an important step for us and we selected FENICS Professional as we deemed it to be the best platform to suit our needs in FX options pricing, risk management, and transaction processing. The ease of deployment of the platform made it simple to extend the functionality to our Montreal and Vancouver offices”.
Sue Poulin, Commercial Head of GFI FENICS for the Americas commented, “We have an excellent relationship with Cambridge Mercantile Corp. and are delighted that we can help them with the expansion of their business. Our product makes it easy to cater to the needs of our clients and assist them in developing and growing their FX options business.”
Ms. Poulin added: “GFI FENICS offers a robust solution for FX options pricing, analysis, and reporting. It has seen strong growth in the Americas over the last year as it continues to prove itself as a market-leading provider of FX options technology”.
The Cambridge Mercantile Group, founded in 1992, provides businesses trading internationally, foreign exchange and global payments services. Cambridge Mercantile provides access to in-depth risk management and payment solutions in order to meet client needs with the best possible advice and solutions.
FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.
GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions. Clients include banks, multinational corporations, brokers, and hedge funds.
About GFI Group Inc.
GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage services, 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.
Fenics Software Limited is a subsidiary of GFI Group Inc.
Headquartered in New York, GFI was founded in 1987 and employs more than 2,200 people with additional offices in London, Paris, Nyon, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,600 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(SM), GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.
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