New York, May 23, 2012 - GFI Market Data, a division of GFI Group Inc. (NYSE: “GFIG”), announced today that it has entered into an agreement with the UK company Haven Power. GFI will provide the power company with UK and European power data derived from its electronic trading platform and from its brokers.
Tim Whiting, Head of Trading at Haven Power, said: “GFI power data allows us to see where the UK power market is pricing and trading. Our strength as an electricity supplier is helped by this in depth view of the market which allows us to provide greater value to our business customers. Independent prices and accurate spreads are vital to us”.
“We are delighted to welcome Haven Power as a client” said Shai Popat, Head of European Sales at GFI Market Data.” We are supplying them with an independent and comprehensive view of the European energy markets, from GFI’s highly experienced brokers and through our premier electronic trading screen for energy and commodities in Europe, EnergyMatch® Europe*. The ability to view prices directly on this platform gives our clients access to market data of the highest quality*”.
Haven Power is part of Drax Power, one of the UK's largest independent power companies. Haven Power was launched in 2006 specifically to serve the electricity needs of small to medium sized business customers and to provide an alternative to the large multinational power suppliers. The company employs over 300 staff and has a turnover in excess of £100million.
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 provides software to brokers, traders, and exchanges for price formation, execution and intelligence technology which is used globally for energy trading.
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.
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Vice President - Public Relations
GFI Group Inc.
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New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379