GFI Group
Encyclopedia
GFI Group Inc. through its subsidiaries provides brokerage services, trade execution, market data, trading platforms and other software products to institutional customers in markets for a range of fixed income
, financial
, equity
and commodity instruments. GFI is headquartered in New York, USA and operates from New York, London, Paris, Tokyo, Hong Kong, Singapore and 15 other smaller financial centres such as Dublin, Nyon and Tel Aviv.
GFI provides its customers a hybrid brokerage approach, combining a range of telephonic and electronic trade execution services, depending on the nature of the products and the needs of the individual markets. The Company complements its hybrid brokerage capabilities with decision support services, such as value-added data and analytics products, research, real-time auctions and post-transaction services, such as straight through processing
("STP"), clearing (finance)
links and trade and portfolio management services. The Company is listed on NYSE under GFIG.
In 2001, GFI acquired the leading FX analytical software provider FENICS Software Ltd.
In 2005, GFI acquired the North American operations of Starsupply Petroleum LLC, a leading broker of oil products and related derivative and option contracts.
In 2006, the firm acquired the North American brokerage operations of Amerex Energy, a wholesale broker of electric power, natural gas and emissions products.
In 2008, GFI acquired Trayport Ltd, a leading provider of trading software for OTC energy and other markets.
Its operations focus on a wide variety of assets: credit, financial, equity and commodity instruments, including both cash and derivative products. In recent years, it has developed cash equity and cash bond brokerage business that complement its brokerage of OTC derivative products, as well as expanding its services for cash instruments, such as corporate fixed income and equities products. In essence, GFI’s primary roles as a wholesale broker is to enhance trading liquidity.
Fixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....
, financial
FINANCIAL
FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. Published by Intelligence Group LLC, FINANCIAL is focused on opinion leaders and top business decision-makers; It's about world’s largest companies, investing, careers, and small business. It is...
, equity
Equity (finance)
In accounting and finance, equity is the residual claim or interest of the most junior class of investors in assets, after all liabilities are paid. If liability exceeds assets, negative equity exists...
and commodity instruments. GFI is headquartered in New York, USA and operates from New York, London, Paris, Tokyo, Hong Kong, Singapore and 15 other smaller financial centres such as Dublin, Nyon and Tel Aviv.
GFI provides its customers a hybrid brokerage approach, combining a range of telephonic and electronic trade execution services, depending on the nature of the products and the needs of the individual markets. The Company complements its hybrid brokerage capabilities with decision support services, such as value-added data and analytics products, research, real-time auctions and post-transaction services, such as straight through processing
Straight Through Processing
Straight-through processing enables the entire trade process for capital markets and payment transactions to be conducted electronically without the need for re-keying or manual intervention, subject to legal and regulatory restrictions...
("STP"), clearing (finance)
Clearing (finance)
In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying transaction....
links and trade and portfolio management services. The Company is listed on NYSE under GFIG.
History
GFI Group Inc. was founded by Michael Gooch in 1987. GFI was the first broker to offer over-the-counter (OTC) US government bond options to the industry.In 2001, GFI acquired the leading FX analytical software provider FENICS Software Ltd.
In 2005, GFI acquired the North American operations of Starsupply Petroleum LLC, a leading broker of oil products and related derivative and option contracts.
In 2006, the firm acquired the North American brokerage operations of Amerex Energy, a wholesale broker of electric power, natural gas and emissions products.
In 2008, GFI acquired Trayport Ltd, a leading provider of trading software for OTC energy and other markets.
Operations
GFI Group provides execution services for institutional wholesale customers by either matching their trading needs with counterparties having reciprocal interests or directing their orders to an exchange or other trading venues.Its operations focus on a wide variety of assets: credit, financial, equity and commodity instruments, including both cash and derivative products. In recent years, it has developed cash equity and cash bond brokerage business that complement its brokerage of OTC derivative products, as well as expanding its services for cash instruments, such as corporate fixed income and equities products. In essence, GFI’s primary roles as a wholesale broker is to enhance trading liquidity.
GFI Group Charity Day
GFI Group is committed to helping the Bob Woodruff Foundation in its work educating the public about the needs of service members returning from war, especially those who have sustained traumatic brain injuries and combat stress. GFI has supported the Bob Woodruff Foundation and its campaign ReMIND.org for the past three years. The annual event takes place at the NY headquarters, includes service members and their families on the GFI trading floor working alongside brokers to experience first hand the daily activities of a wholesale broker.External links
- www.gfigroup.com GFI Group Website
- www.fenics.com GFI FENICS Website
- www.amerexenergy.com Amerex Energy Website
- www.cs-cap.com Christopher Street Capital Website
- www.trayport.com Trayport Website
- www.kytegroup.com Kyte Group Website