We work hard to provide our clients with the best quality service from our experienced brokers and our state of the art technology
(PRWEB) October 25, 2011
GFI Group, Inc (NYSE: “GFIG”) a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, has been ranked No.1 overall inter-dealer broker in the credit category by Risk magazine.
Risk conducted the poll amongst dealers and brokers globally and received 1,641 responses from dealers and brokers to this year’s interdealer survey. The responses were divided among Europe (57.7%), North America (22%), Asia (19.2%) and other (1.1%).
Colin Heffron, President of GFI Group said, “We are very happy to be voted the top broker in the credit category for the fourteenth consecutive year. The change in the markets over the last 14 years has been significant so, to have achieved first place continuously points to the dynamic aspects of GFI’s hybrid platform”. He added, “We work hard to provide our clients with the best quality service from our experienced brokers and our state of the art technology”.
GFI was also voted the top broker for Exotic Equity Products - in the Volatility/variance swaps category, in US Dollar/Yen and US Dollar/Sterling Forwards and in Euro/Yen and Euro/Sterling Options.
Voters in the survey could base their decisions on a variety of criteria, including pricing, liquidity provision, counterparty risk, speed of execution and reliability.
The survey covered 97 derivatives categories across interest rates, foreign exchange, credit and equity derivatives. Participants were asked to vote for their top three brokers in order of preference in derivatives categories that they had traded in over the course of the year.
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 2,000 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Nyon 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:
Investor Relations Contact:
GFI Group Inc.
Executive Vice President - Corporate Development
Chris Ann Casaburri
Investor Relations Manager
GFI Group Inc.
Vice President - Public Relations
Tel: (212) 968 2964
Mob: (646) 717 4379
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