GFI Group Inc. (GFI) is a financial services company that 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 City and operates from New York, London, Paris, Tokyo, Hong Kong, Singapore and 15 other smaller financial centres such as Dublin, Nyon, Bogotá 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 data and analytics products, research, real-time auctions and post-transaction services, such as straight through processing (STP), clearing links and trade and portfolio management services. The company was listed on NYSE under GFIG until March 2015 when it was majority bought by BGC Partners.
History
GFI Group Inc. was founded by Michael Gooch in 1987. GFI was the first broker to offer over-the-counter (OTC) US government bond options to the industry. In 2001, GFI acquired FX analytical software company FENICS Software Ltd. In 2005, GFI acquired the North American operations of Starsupply Petroleum LLC, a broker of oil products and related derivative and option contracts.