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
SystemSMtechnology. 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®.
Forward-looking statement
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 litigationand 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:
Patricia Gutierrez
Vice President - Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com
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