GFI Group Inc. (GFI) through its subsidiaries provides intermediary services, trade execution, market data, trading platforms, and other software products. Clients are institutional customers in the market for fixed income instruments, finance, equity, and commodities. GFI is headquartered in New York, USA and operates from New York, London, Paris, Tokyo, Hong Kong, Singapore and 15 other smaller financial centers such as Dublin, Nyon, Bogota and Tel Aviv.
GFI operates a hybrid brokerage approach, combining a range of telephone and electronic commerce execution services, depending on the nature of the product and individual market needs. The company complements the ability of hybrid brokers with decision support services, such as value-added data and analytical products, research, real time auctions, and post-transaction services, such as direct link via processing ("STP"), clearing (finance) and trade and management services portfolio. The company is listed on the NYSE under GFIG until March 2015.
Video GFI Group
Histori
GFI Group Inc. founded by Michael Gooch in 1987. GFI is the first broker to offer an Over-the-Counter (OTC) industry option to the industry. In 2001, GFI acquired a 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 derivative contracts and associated options. The company acquired Amerex Energy brokerage operations in North America in 2006, they are wholesale wholesalers of electric power, natural gas and emission products. In 2008, GFI acquired Trayport Ltd, a leading trading software provider for OTC energy products and other markets.
On September 28, 1999, GFI established a new venture to offer the online spot market for international telecommunications minutes, according to Michael Gooch, President and CEO of GFI..
In 2010, GFI Group moved its list from Nasdaq to NYSE.
In March 2015 GFI removed from the NYSE after the purchase of a 56% stake by BGC Partners in February 2015. Since the takeover, GFI operates as a BGC division.
Maps GFI Group
Operation
GFI Group provides execution services to institutional wholesale customers by meeting their trading needs with counterparts who have mutual interests or direct their orders to other exchanges or trading places. Its operations focus on a variety of assets: credit instruments, finance, equity, and commodities, including cash and derivative products. In recent years, it has developed cash equity and cash bond trading businesses that complement OTC derivative product brokers, and expanded its services to cash instruments, such as corporate fixed income and equity products. In essence, the main role of GFI as a wholesale broker is to increase trading liquidity.
Philanthropy
GFI Group is committed to assisting the Bob Woodruff Foundation in its work of educating the public about the needs of service members returning from the war, especially those suffering from traumatic brain injuries and fighting stress. GFI has supported the Bob Woodruff Foundation and its ReMIND.org campaign for the past four years.
Competition
- Tullett Prebon
- BGC Partners
- ICAP
- Tradeweb
See also
- Foreign Exchange
- Broker-dealers
References
External links
- www.gfigroup.com GFI Group Website
Source of the article : Wikipedia
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