SOURCE: GFI Group Inc.

GFI Group Inc.

January 11, 2010 10:28 ET

GFI Group Expands Carbon Business Into North America

Leader in Carbon Markets Sets Up Environmental Products Group

NEW YORK, NY--(Marketwire - January 11, 2010) - GFI Group Inc. (NASDAQ: GFIG) announced today the launch of the GFI Environmental Products Group (EPG). Based in New York, the new group will focus on the growing opportunity in the carbon and emissions investment business. EPG will establish a full lifecycle practice that focuses on the origination, commercialization and secondary market trading of carbon emissions credits.

GFI Senior Brokers Matt Phelan and Darryl Donohue are joined by Jubin Pejman, former Vice President of the Americas for Trayport Inc. Together they bring a wealth of 60 years of combined financial market experience to the new group.

Michael Cosgrove, GFI Group Managing Director and Head of Commodities and Energy Brokerage North America, stated: "GFI Group is a global leader in carbon trading so it seems natural to extend our service offering beyond merely brokering environmental credits. We are both broadening our environmental services to our existing client base as well as reaching out to a large and diverse new group of customers."

GFI Group has a long history of carbon trading. Together with its Trayport subsidiary, the leading provider of software to the European commodity trading community, GFI is a leader in the European carbon emissions market. The world's largest liquidity pools in carbon emissions trading are accessed via Trayport's electronic trading platform Trading Gateway(SM) which has a platform market share of approximately 75% of all carbon transactions.

In Europe, the Group's electronic trading platforms Trading Gateway(SM) and EnergyMatch® Europe execute trades alongside its dedicated emissions brokers.

About GFI Group Inc.

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®.

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.

Contact Information

  • 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
    Email Contact