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GFI Group Inc. (commonly referred to as GFI) was founded in 1987 by Michael Gooch in New York City. The company was established to provide competitive wholesale market brokerage services across various global over-the-counter (OTC) and exchange-listed cash and derivatives markets. Over the years, GFI has built a reputation as an industry leader in the financial services sector.
GFI Group is a subsidiary of BGC Partners, Inc., a leading global brokerage company that services the financial and real estate markets. Following a 56% acquisition in February 2015, GFI operates as a division of BGC Partners.
The headquarters of GFI Group is located at 55 Water Street, New York, New York, United States.
GFI operates in over 22 countries, employing approximately 2,000 people and serving more than 2,600 institutional clients, including investment banks, corporations, insurance companies, and hedge funds. The companys global reach is complemented by its presence in major financial centers such as London, Paris, Tokyo, Hong Kong, and Singapore.
GFI is a member of the Wholesale Markets Brokers Association (WMBA) and the WMBA Americas. The company is currently in the process of registering as a Swap Execution Facility (SEF) and a Designated Contracts Market (DCM) in North America, as well as an Organised Trading Facility (OTF) in Europe.
GFI has expanded its operations both organically and through strategic acquisitions. The company has ventured into a wide range of markets, including fixed income derivatives, cash fixed income, emerging market financial products, energy and commodity derivatives, and equities.
GFI serves a diverse clientele, comprising over 2,600 institutional clients. This client base includes leading investment and commercial banks, corporations, insurance companies, and hedge funds, showcasing the companys ability to cater to various sectors within the financial services industry.
GFI operates a hybrid brokerage strategy that combines traditional voice brokerage with advanced trading technology. This approach has allowed the company to enhance its trading capabilities and offer innovative solutions to its clients.
GFI Group has consistently ranked highly in market surveys published by leading industry publications, reflecting its reputation as an industry leader. Specific awards or recognitions are not detailed in the provided information but can be explored further through industry reports.
GFI provides a robust forex trading platform that offers a wide range of currency pairs. While the exact number of currency pairs is not specified, GFI is known for its comprehensive forex trading services, catering to institutional clients.
GFI offers trading services for equities, allowing institutional clients to engage in stock trading across various markets. This includes cash equities and corporate fixed income products.
GFI also provides Contract for Difference (CFD) trading options, enabling clients to speculate on price movements of various financial instruments without owning the underlying asset.
In addition to forex and equities, GFI offers trading services in commodities, energy derivatives, and other financial instruments. The company is actively involved in OTC derivatives, enhancing its service offerings in these areas.
GFIs hybrid brokerage model allows it to offer a combination of telephonic and electronic trade execution services. This flexibility enables the company to cater to the specific needs of its clients, enhancing trading liquidity and efficiency.
GFI is subject to the regulations of several key bodies, including:
GFI operates through various legal entities, including GFI Brokers LLC, which is incorporated in the United States. The companys structure allows it to comply with local regulations while serving a global client base.
GFI adheres to strict regulatory standards to ensure the protection of client funds. This includes maintaining segregated accounts and complying with capital requirements set by regulatory authorities.
GFI provides services in multiple countries across North America, Europe, and Asia, with a focus on major financial markets. The companys extensive network allows it to serve a diverse range of institutional clients.
GFI has maintained a strong compliance record, although specific instances of compliance challenges are not detailed in the provided information. The companys proactive approach to regulatory adherence is evident in its ongoing registration efforts as a SEF and DCM.
GFI operates in a highly competitive landscape, with several key competitors, including:
GFI is positioned as a leading wholesale brokerage firm, known for its hybrid brokerage model that combines voice and electronic trading. This positioning allows GFI to cater effectively to institutional clients seeking liquidity and execution services.
GFI differentiates itself through its:
In conclusion, GFI Group stands as a prominent player in the financial services industry, offering a diverse range of brokerage and trading services to institutional clients worldwide. With a solid foundation, strategic growth, and a commitment to regulatory compliance, GFI continues to enhance its offerings and maintain its position as an industry leader. For more information about GFI Group, please visit their official website or explore learn more.
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