GFI Lima office, GFI del Peru granted authorization by Peruvian regulator
New York, December 3, 2012 – GFI Group Inc. (NYSE: “GFIG”) is pleased to announce that it has been granted the authorization to operate as a centralized trading platform for Sol denominated Peruvian Sovereign bonds. The authorization extends to brokering in both the primary and secondary markets.
The authorization was granted by the “DirecciÓn General de Endeudamiento y Tesoro PÚblico, part of the Ministry of Economy and Finance, to GFI del PerÚ S.A.C., a local affiliate of GFI Group.
GFI Group opened an office in Lima in 2012. The new office brokers Spot FX and interest rate OIS and will broker Sol denominated Sovereign debt in the near future in accordance with the authorization granted.
Nick Brown, Managing Director and Head of Financial Product Brokerage, North and South America, said: “We are very pleased to receive this important authorization from the Ministry of Economy and Finance. PerÚ is a very important market for us, a market that we have been servicing from our offices in New York for over 8 years”.
Mr. Brown added: “We will be applying our award-winning trading technology to enhance all the products and services provided to the Peruvian financial markets.”
The new office will operate GFI’s award winning* electronic trading platforms ForexMatch® for FX derivatives and CreditMatch® for fixed income derivatives.
GFI Group is present in other Latin American countries, including Mexico, Argentina, Chile and Colombia, where it has helped increase market transparency, liquidity and efficiency.
*FX Week magazine named GFI Best electronic Broker 2010 in its annual e-FX awards, and Profit & Loss magazine named GFI ForexMatch® Best FX Options Trading Platform at its Digital Markets Awards in 2008, 2009, 2010 and 2011. GFI CreditMatch® was selected as best Innovation by a Broker at the FOW Awards 2009.
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