NEW YORK, NY, Feb 14, 2011 (MARKETWIRE via COMTEX) --
GFI Group Inc. (NYSE: GFIG), announced that GFI Group Executive
Vice President, J. Christopher Giancarlo, will appear before the U.S.
House Financial Services Committee February 15 at 10:00 a.m. Eastern
time to discuss his perspective on the regulatory, economic and
market implications of the Dodd-Frank Wall Street Reform and Consumer
Christopher Giancarlo said, "Wholesale brokers are experts in
fostering liquidity and transparency in global swaps markets and are
the prototype of competing swap execution facilities or 'SEFs.' It is
critical that regulators gain a thorough understanding of the many
modes of swaps trade execution currently deployed by wholesale
brokers and accommodate those methods and trading practices in their
"I am optimistic that, if US regulators are given adequate time and
resources to craft SEF rules that are properly tailored to the
existing trading methods in the swaps markets, the result will be
shorter and more effective implementation. The goal is to provide
institutional traders and corporate users of swaps with the optimal
balance of competitive pricing, increased transparency and deeper
trading liquidity for their risk management needs while enhancing the
safety and soundness of US financial markets."
A webcast of Mr. Giancarlo's testimony will be posted on GFI Group
Inc.'s website at 10:00 a.m. It can be accessed at www.gfigroup.com.
About GFI Group Inc.
GFI Group Inc. (NYSE: GFIG) is a leading provider of wholesale
brokerage, 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 1,900 people with additional offices in London, Paris, Hong
Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai,
Dublin, Tel Aviv, Calgary, Los Angeles, Bogota, Englewood (NJ) and
Sugar Land (TX). GFI Group Inc. provides services and products to
over 2,400 institutional clients, including leading investment and
commercial banks, corporations, insurance companies and hedge funds.
Its brands include GFI(SM), GFInet(R), CreditMatch(R), GFI
ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R),
Trayport(R) and Kyte(R).
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.
= IR =
Investor Relations Contact:
GFI Group Inc.
J. Christopher Giancarlo
Executive Vice President - Corporate Development
Chris Ann Casaburri
Investor Relations Manager
GFI Group Inc.
Vice President Public Relations
SOURCE: GFI Group