GFI Market Data to supply energy and commodities data to German iron and steel producer
New York, July 25, 2012 – GFI Market Data, a division of GFI Group Inc. (NYSE:”GFIG”) announced today that it has signed a new three year agreement with Stahlwerk Thüringen GmbH. GFI will continue to supply the German iron and steel producer with European power, coal, gas and emissions market data.
Stahlwerk Thüringen uses the data provided by GFI to monitor developments in the energy markets. A transparent view assists the iron and steel producer in price discovery, ensures a high level of efficiency and brings value to the procurement business.
Reinhard Moebius, Head Trader at Stahlwerk Theüringen commented: “We are very pleased with our relationship with GFI and have, therefore, decided to renew our agreement with them. GFI data is highly valuable to us because of its depth of liquidity providing access to qualitative pricing which allows us to reduce our costs when purchasing energy”.
“We are committed to our relationship with Stahlwerk Thüringen. We strive to provide them with an independent and comprehensive view of the energy markets. Our data derives from our highly experienced brokers as well as from our premier electronic trading screen for energy and commodities in Europe, EnergyMatch® Europe*” said Shai Popat, Head of European Sales at GFI Market Data.
The company Stahlwerk Thüringen GmbH was established in 1992. It was the beginning of a comprehensive modernization of the steel production site Unterwellenborn. The company produces a huge range of IPE and HE sections, channels and UPE-sections and steel sleepers. In all more than 200 sections are produced according to different national and international standards. Since January 2007, Stahlwerk Thüringen has been affiliated to the Alfonso Gallardo Group, the leading manufacturer of re-bars in Spain with about 3000 employees and major manufacturer of sectional steel in Europe.
Through 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. “EnergyMatch® Europe runs on Trayport®’s Broker Trading SystemSM technology. Trayport is a leading provider of energy trading solutions to traders, brokers and exchanges worldwide. It develops, deploys and supports quality, resilient multi-asset class software for trading worldwide in cleared or OTC 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. Fenics Software Limited is a subsidiary of GFI Group Inc.
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 2,100 people with additional offices in London, Paris, Nyon, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Buenos Aires, Dubai, Dublin, Tel Aviv, 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 GFISM, 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