GFI Group
GFI to acquire most of Amerex in US
GFI, the New York-based interdealer broker, has announced it will acquire the bulk of Amerex Energy’s North American operations. The deal, worth $86 million, is due to be completed before the end of October.
GFI opens new Islamic broking desk in London
Interdealer broker GFI has opened a new Islamic banking and finance broking desk in London to meet growing demand for securities that are compliant with Islamic law.
GFI rolls out pricing tool for structured products
Interdealer broker GFI in New York has released a new version of its pricing and risk management software, incorporating a structuring and pricing tool for structured products.
Deutsche begins market-making leveraged loan CDS
Deutsche Bank's London office has begun to trade credit default swaps based on European leveraged loans (LCDS) this week. The German bank had executed trades before, but it is now actively making markets and showing pricing runs for more than 20 names.
GFI launches dry freight physicals desk
GFI has hired four brokers for its new dry freight physicals desk in London. The New York-based inter-dealer broker expects the desk to become operational during the second quarter and said it will complement its established business in dry freight…
GFI takes on Refco Paris brokers
US broker GFI has named three former Refco brokers to head its new Paris office.
GFI hires vom Scheidt from Commerzbank
Interdealer broker GFI has hired Kurt vom Scheidt as a foreign exchange product manager in its data and analytics group of in London as FX product manager. Vom Scheidt joins from Commerzbank in London, where he was global head of markets business…
ABN Amro completes first sector property derivatives trade
ABN Amro has completed a property derivatives deal based in part on the Investment Property Databank (IPD) UK retail index, in what it claims is the first to be based on a specific sector of the market.
GFI, Icap and Tullett collaborate with DTCC on credit derivatives
Inter-dealer brokers GFI, Icap and Tullett Prebon have come together to launch what they call a 'multi-broker electronic checkout service' in conjunction with the Depositary Trust & Clearing Corporation (DTCC). Initially deployed as a one-year pilot…
Icap bolsters structured credit team
Inter-dealer broker Icap is raising the stakes in the competitive structured credit broker market with three new appointments – two of which were poached from rival CreditTrade.
Auto CDS trades still dominate US market
The US credit default swap market continues to be dominated by contracts based on the debt protection of automobile and auto parts manufacturers, indicating the unpheaval caused by the downgrades of Ford and GM in May have not yet died away.
Tradition offers property derivatives
Tradition Financial Services (TFS) has become the latest inter-broker to enter the property derivatives fray.
Autos still most active CDS in US and Europe
The effect of Standard and Poor's downgrading the credit ratings of debt owned by Ford and General Motors two months ago is still washing through the credit default swap (CDS) market.
GFI names traders to spearhead property derivatives venture
Two veteran GFI brokers are set to start work developing a property derivatives trading desk as part of a joint initiative between the brokerage and real estate services group CB Richard Ellis (CBRE). Michael Levi and Paul Ogden will start work when the…
GFI launches forex option pricing tool
New York-based inter-dealer broker GFI has launched a foreign exchange options trading technology that will help its sell-side clients provide pricing and trading tools to the buy side.
GFI poaches 10 for new rate swaps desk
New York-headquartered inter-dealer broker GFI has hired 10 brokers to set up a new US interest rate swaps desk in London.
Axiom makes bid for European CDS market
Axiom Global Partners, the New York-based inter-dealer brokerage, has launched its electronic credit default swap (CDS) broking platform in the London market.
GFI announces Fenics link with UBS
GFI Group, the New York-based inter-dealer brokerage and software company, has made a deal with Swiss investment bank UBS, to link its currency options software with the bank’s screen-trading system.
Icap launches electronic CDS broking
Icap has launched an electronic credit derivatives trading service via its BrokerTec platform, which typically handles Treasury bond and repo transactions.
GFI boosts Fenics foreign exchange options pricing team
GFI Group, the inter-dealer broker and market data company, has hired three new staff for its Fenics foreign exchange options pricing system.
GFI hires five traders to offer dry freight trading
Inter-dealer broker GFI has hired five brokers to start offering dry freight derivatives. The service will complement the company’s commodities trading activities, particularly coal.
GFI launches electronic CDS index trading in the US
GFI Group, the New York based inter-dealer brokerage, has launched its electronic credit default swap (CDS) trading system, Creditmatch, in the US.
GFI launches electronic credit derivatives trading platform
Inter-dealer broker GFI has completed the first stage of its rollout of CreditMatch, its electronic trading platform for credit derivatives.
Reuters names treasury head
Reuters has named Mark Robson its global head of treasury and fixed income, during a year when the UK company has placed the development of its treasury business as a high priority.