New York, October 9, 2012 – GFI Group Inc. (NYSE: "GFIG") GFI Group Inc., a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, announced today that it has added NDFs, forwards and spot in 16 new FX currency pairs to its electronic Central Limit Order Book “CLOB” platform for FX options, FX Forwards and NDFs, GFI ForexMatch®.
Matt Woodhams, GFI Group Head of Ecommerce, EMEA said: “We are expanding our presence in many new markets in both Africa and Asia where demand and customer interest is growing. Our screen, GFI ForexMatch®, has been designed to effectively support GFI’s hybrid brokerage model. We believe that the combination of our state-of-the-art electronic trading platforms with the experience and market know-how of our brokers gives our customers a first rate service and choice in their method of execution”
Paul Millward, GFI Group Head of FX Ecommerce added: “We have enhanced our offering to these new markets by facilitating real-time market data, price quotations, trade execution and confirmations via our Application Programing Interface “API”. Our API connectivity allows customers to seamlessly access and contributes to liquidity on GFI ForexMatch®””.
The new Asian currency pairs now traded on the platform are:
USD/CNY (China NDF)
- USD/TWD (Taiwan NDF)
- USD/KRW (Korea NDF)
- USD/INR (India NDF)
- USD/IDR (Indonesia NDF)
- USD/MYR (Malaysia NDF)
- USD/PHP (Philippines NDF)
- USD/THB (Thailand NDF)
- USD/CNH (China forward contract)
The new African currency pairs that have been added are:
- USD/EGP (Egypt NDF)
- USD/GHS (Ghana forward)
- USD/GHS (Ghana NDF)
- USD/KES (Kenya NDF)
- USD/MUR (Mauritius forward and spot)
- USD/NGN (Nigeria NDF)
- USD/UGX (Uganda forward and spot)
- USD/ZMK (Zambia forward)
GFI ForexMatch® is GFI's innovative electronic trading system for FX derivatives. It supports GFI's hybrid brokerage model, combining sophisticated electronic trading technology with voice brokerage services to deliver efficient deal execution. GFI ForexMatch® streamlines price discovery, allows online trading of FX instruments and facilitates the analysis of market trends with the latest tradeable prices.
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 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