Type
|
Public |
---|---|
Traded as | NYSE: GFIG |
Industry | Banking, Financial Services |
Founded | 1987 |
Founder | Michael Gooch, Executive Chairman |
Headquarters | 55 Water Street, New York, New York, U.S. |
Area served
|
Worldwide |
Key people
|
Colin Heffron, CEO |
Products | Fixed Income, Financials, Equity, Commodity, Trading Systems, Data & Analytics, Clearing |
Revenue | US$ 924.59 million (2012) |
Operating income
|
US$ 10.5 million (2012) |
Net income
|
US$ 8.9 million (2012) |
Total assets | US$ 1.180 billion (2012) |
Total equity | US$ 425.16 million (2012) |
Number of employees
|
2,062 (2012) |
Website | www.gfigroup.com |
GFI Group Inc. (GFI) through its subsidiaries provides brokerage services, trade execution, market data, trading platforms and other software products. Clients are institutional customers in markets for a range of fixed income, financial, equity and Commodity instruments. GFI is headquartered in New York, USA and operates from New York, London, Paris, Tokyo, Hong Kong, Singapore and 15 other smaller financial centres such as Dublin, Nyon, Bogota and Tel Aviv.
GFI operates a hybrid brokerage approach, combining a range of telephonic and electronic trade execution services, depending on the nature of the products and the needs of the individual markets. The Company complements its hybrid brokerage capabilities with decision support services, such as value-added data and analytics products, research, real-time auctions and post-transaction services, such as straight through processing ("STP"), clearing (finance) links and trade and portfolio management services. The Company was listed on NYSE under GFIG until March 2015.
GFI Group Inc. was founded by Michael Gooch in 1987. GFI was the first broker to offer Over-the-counter (finance) (OTC) US government bond options to the industry. In 2001, GFI acquired the leading FX analytical software provider FENICS Software Ltd. In 2005, GFI acquired the North American operations of Starsupply Petroleum LLC, a leading broker of oil products and related derivative and option contracts. The firm acquired the North American brokerage operations of Amerex Energy in 2006, they are a wholesale broker of electric power, natural gas and emissions products. In 2008, GFI acquired Trayport Ltd, a leading provider of trading software for OTC energy products and other markets.
On September 28, 1999, The GFI group established a new venture to offer an online spot market for international telecommunications minutes, according to Michael Gooch, GFI President and CEO. .
In 2010 GFI Group moved its listing from Nasdaq to the NYSE.
In March 2015 GFI delisted from the NYSE following a 56% share buyout by BGC Partners in February 2015. Since the takeover, GFI operates as a division of BGC.
GFI Group provides execution services for institutional wholesale customers by either matching their trading needs with counterparties having reciprocal interests or directing their orders to an exchange or other trading venue. Its operations focus on a wide variety of assets: credit, financial, equity and commodity instruments, including both cash and derivative products. In recent years, it has developed cash equity and cash bond brokerage business that complement its brokerage of OTC derivative products, as well as expanding its services for cash instruments, such as corporate fixed income and equities products. In essence, GFI’s primary role as a wholesale broker is to enhance trading liquidity.
GFI Group is committed to helping the Bob Woodruff Foundation in its work educating the public about the needs of service members returning from war, especially those who have sustained traumatic brain injuries and combat stress. GFI has supported the Bob Woodruff Foundation and its campaign ReMIND.org for the past four years.
2014-10-09 | Reiterated Rating | Keefe, Bruyette & Woods | Market Perform | $4.55 to $5.25 |
2014-09-25 | Initiated Coverage | BMO Capital Markets | Outperform | $4.25 |
2014-07-31 | Downgrade | Sandler O'Neill | Buy to Hold | $5.00 to $4.55 |
2014-05-01 | Downgrade | Barclays | Market Perform | |
2014-05-01 | Downgrade | FIG Partners | Outperform to Market Perform | |
2014-05-01 | Downgrade | Keefe, Bruyette & Woods | Outperform to Market Perform | |
2014-04-10 | Lower Price Target | Keefe, Bruyette & Woods | $5.00 to $4.50 | |
2010-04-08 | Initiated | Susquehanna Financial | Neutral | |
2010-02-17 | Reiterated | Jefferies & Co | Buy | $8 to $6 |
2009-05-01 | Upgrade | Pali Research | Neutral to Buy | |
2009-02-23 | Downgrade | Sandler O'Neill | Buy to Hold | |
2009-01-08 | Downgrade | Deutsche Securities | Buy to Hold | $6 to $5 |
2008-10-20 | Initiated | AmTech Research | Buy | |
2008-09-22 | Upgrade | Citigroup | Sell to Hold | |
2008-09-17 | Upgrade | Keefe Bruyette | Mkt Perform to Outperform | |
2008-09-10 | Downgrade | Citigroup | Hold to Sell | $12 to $7 |
2008-07-09 | Reiterated | Jefferies & Co | Buy | $17 to $14 |
2008-04-21 | Reiterated | Jefferies & Co | Buy | $17 to $25 |
2008-03-31 | Initiated | Keefe Bruyette | Mkt Perform | $18.50 |
2008-01-25 | Initiated | William Blair | Outperform | |
2007-11-21 | Initiated | Wachovia | Outperform | |
2007-11-05 | Reiterated | Deutsche Securities | Buy | $85 to $110 |
2007-10-31 | Initiated | Bear Stearns | Outperform | $102.60 |
2007-07-17 | Downgrade | Citigroup | Buy to Hold |
2014-10-09 | Reiterated Rating | Keefe, Bruyette & Woods | Market Perform | $4.55 to $5.25 |
2014-09-25 | Initiated Coverage | BMO Capital Markets | Outperform | $4.25 |
2014-07-31 | Downgrade | Sandler O'Neill | Buy to Hold | $5.00 to $4.55 |
2014-05-01 | Downgrade | Barclays | Market Perform | |
2014-05-01 | Downgrade | FIG Partners | Outperform to Market Perform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In GFIG 1 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Dynamic Technology Lab Pte Ltd | 55404 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Jersey Partners Inc. | 36.53% (46220128) | GFIG / |
Gooch Michael Chairman and CEO | 36.53% (46220128) | GFIG / |
BGC Partners, L.P. | 13.53% (17120464) | GFIG / |
Heffron Colin President | 1.03% (1307985) | GFIG / |
Levi Ronald Daniel Chief Operating Officer | 0.64% (812952) | GFIG / |
Peers James Chief Financial Officer | 0.15% (187759) | GFIG / |
Cassoni Marisa | 0.14% (181436) | GFIG / |
FANZILLI FRANK J | 0.06% (76268) | CVLT / GFIG / |
Ward John W | 0.05% (61682) | GFIG / |
Pintoff Scott General Counsel and Secretary | 0.04% (45360) | GFIG / |
Giancarlo J Christopher Executive Vice President | 0.03% (38175) | GFIG / |
Magee Richard William | 0.03% (36391) | GFIG / |