GFI, Amerex Brokers and Starsupply take top slot in Energy Risk & Risk Commodity Rankings 2010
New York, February 11, 2010 - GFI Group, Inc (NASDAQ: “GFIG”) a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, has been ranked No.1 Energy & Commodity Broker in Energy Risk & Risk magazine's annual Commodity Rankings 2010.
The EnergyRisk & Risk Magazine poll put GFI Group and its subsidiaries Amerex Brokers and Starsupply in top position as the most preferred inter-dealer broker in commodities based on GFI's capability, innovation, service, liquidity and price. In the results released today, GFI and Amerex were also ranked No.1 in 17 other sub categories within Natural Gas, Oil, Electricity and Coal.
Michael Cosgrove, Head of Commodities and Energy Brokerage, North America at GFI Group, said “It is an honor to receive this recognition from our customers and a credit to the many fine professionals at GFI, Amerex and Starsupply who work very hard to earn our customers’ confidence every day.”
GFI Group and Amerex provide access to global energy, power and emissions markets through a hybrid approach that combines voice brokering with state-of-the-art electronic trading platforms: EnergyMatch® and EnergyMatch® Europe.
The annual Energy Risk & Risk Magazine inter-dealer survey was carried out during November and December 2009 and received over 1,500 votes from participants in the global wholesale banking market.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (NASDAQ: “GFIG”) is a leading provider of wholesale brokerage, 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 credit, financial, equity and commodity instruments.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,100 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI SM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, and Trayport®.
About Amerex Brokers LLC
Founded in 1978, Amerex is a leading over-the-counter energy brokerage offering services in electricity, natural gas, emission credits and allowances, renewable energy credits, retail energy procurement, energy consulting and energy data services. From its office in Houston, Amerex offers liquidity and timely execution to meet the needs of a global client network of more than 1,000 firms including thousands of traders and risk management professionals. For additional information, please visit www.amerexenergy.com. Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group Inc. (NASDAQ:GFIG), a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI provides brokerage services, trading system software and market data and analytics software products for a range of credit, financial, equity and commodity instruments. GFI operates one of the largest OTC energy brokerage businesses in North America both directly and through its Amerex and StarSupply businesses.
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; and uncertainties relating to litigation. 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
Melissa Mundy
Marketing Director
Amerex Brokers LLC
mmundy@amerexenergy.com
voice- 281-340-5206
fax- 281-569-5206
AIM- mmundyamerex
