04 September 2012

GFI Group Opens New Office in Mexico

New York - 04 September 2012 - GFI Group Inc. is pleased to announce that it has been granted the license to open an office in Mexico D.F., Mexico. The new office will be staffed by local brokers and will apply GFI Group’s hybrid model to its operations – combining experienced brokers and GFI’s state-of-the art trading technology. 

The Mexican regulator CNBV (Comisión Nacional Bancaria y de Valores) has granted GFI Group’s local affiliate a license to commence operations. 

Nick Brown, Managing Director and Head of Financial Product Brokerage, North and South America, said: “We are very pleased to receive our license from the CNBV to open an office in Mexico after previously servicing our Mexican clients from New York for over 10 years. This is a very important market for us and we intend on expanding our presence while increasing market depth. We will be applying our award-winning trading technology to enhance all the products and services provided to the Mexican financial markets.” 

Mr. Brown added: “'We believe our technology will help enable the local Mexican financial markets answer the global call for greater transparency and more efficiency and we look to be involved in the new regulatory landscape currently being constructed by the Mexican regulators.” 

The new office will operate GFI’s award winning electronic trading platform ForexMatch®.for FX derivatives. FX Week magazine named GFI Best electronic Broker 2010 in its annual e-FX awards, and Profit & Loss magazine named GFI ForexMatch® Best FX Options Trading Platform at its Digital Markets Awards in 2008, 2009, 2010 and 2011.

GFI Group is present in other Latin American countries, including Peru, Argentina, Chile and Colombia, where it has helped increase market transparency, liquidity and efficiency. 

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage services, 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 2,100 people with additional offices in London, Paris, Nyon, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Buenos Aires, Dubai, Dublin, Tel Aviv, Los Angeles and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,600 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. 

Source: GFI Group