GFI Market Data to supply power, gas, coal and emissions to German utility
New York, January 17, 2012 – GFI Market Data, a division of GFI Group Inc., announced today that it has entered into an agreement with E.ON Edis. GFI will supply E.ON Edis with historical data as well as streaming updates.
E.ON Group is one of the most important international players within the power industry and a leader in generation and distribution of gas and electric power. The company’s operations are concentrated on the markets of Western and Central Europe, Great Britain, Scandinavia, and USA.
Mario Vogler, E.ON Edis Energy Grid Manager said: “We use the data from GFI as a market price monitor as a part of our daily electricity procurement. The data gives us a very comprehensive market overview; it even includes data from the commodity market which we greatly value” and added, “GFI Market Data is very easy to operate and works very quickly.”
“We are very happy to have this opportunity to work with E.ON Edis” said Shai Popat, Head of European Sales at GFI Market Data.” We provide an independent and comprehensive view of the energy markets. Our data derives from our brokers as well as from our premier electronic trading screen for energy and commodities, EnergyMatch® Europe. This gives a great insight into the market, providing a view of liquidity and actual market values.”
E.ON Edis AG is a member of E.ON Group involved in distribution of power and gas within the territory of federal states of Brandenburg and Mecklenburg – Hither Pomerania. The company is also a shareholder of a number of media suppliers – including supplies of heat to numerous cities in East Germany.
Sourced directly from GFI EnergyMatch® Europe, GFI Group’s energy and commodities electronic trading platform for Europe, GFI Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets.
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.
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.
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.
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Vice President – Public Relations
GFI Group Inc.
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Tel: (212) 968 2964
Mob: (646) 717 4379