HedgeCo.net – New York, February 1, 2007 — GFI Group Inc. (Nasdaq: GFIG), a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities, is offeringequity research to US-based hedge funds, mutual funds and other institutional money managers.
GFI’s research examines the relationship between equity and credit markets and combines real-time credit default swap (CDS) information with fundamental and technical analysis to providerecommendations on specific securities.
“The feedback has been extremely positive, exceeding our expectations and we are already sending information daily to more than 100 portfolio managers.” said Gary Kelly, GFI’s head of research,”GFI’s leading role in credit derivatives means we are able to identify and interpret anomalies between CDS and equity pricing and then quickly and conveniently package our findings for clients. CDSis a vital indicator of equity price movement because fluctuating CDS spreads provide a dynamic and real-time view of underlying company risk.”
Mr Kelly leads a four-person research team in New York. He was formerly with GFI in Europe where he helped launch similar research for GFI clients there.
Credit derivatives are the fastest growing derivative market. Comprising 70% of this universe, CDS have a total of $26 trillion in outstanding contracts, according to the International Swaps andDerivatives Association. As the leading CDS broker globally, GFI sees 300-400 names quoted daily and can provide an accurate and real-time reflection of the market.
GFI is offering this institutional equity research through GFI Securities LLC.
About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (www.GFIgroup.com) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc.provides brokerage services, market data 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 1,300 people with additional offices in London, Paris, Hong Kong, Tokyo, Singapore, Sydney, Englewood (NJ), and Sugar Land(TX). GFI provides services and products to over 1,700 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands includeGFI*, Starsupply®, GFInet®, CreditMatch®, FENICS® and Amerex®.
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, thewords “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements coulddiffer 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 theCompany 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 affectingtrading 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, includinghighly-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 orpermissible 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 theCompany 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 theCompany’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-lookingstatements, whether as a result of new information, future events or otherwise.
GFI Group Inc.
Alan Bright
Public Relations Manager
011-44-20-7877-8049
Alan.bright@gfigroup.co.uk
Armel Leslie
Walek & Associates
212-590-0530
aleslie@walek.com
