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October 31, 2012 /PRNewswire/ --
All customers expected to be covered from back-up facilities while GFI's hybrid trading platforms continue to operate without interruption
GFI Group Inc. (NYSE: "GFIG"), a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, announced today that it is temporarily unable to use its
New York City office, located at 55 Water Street, due to the effects of Hurricane Sandy. While the Company's offices are located on higher floors of the building and were not damaged by the storm, the Company has been advised that the basement floors of 55 Water Street have been flooded by the storm surge and the power supply to the building has been interrupted.
GFI has activated its disaster recovery and business continuity plans and expects that all of its brokerage customers will be covered from backup facilities when U.S. markets reopen or shortly thereafter. GFI's concurrent computing centers in
New Jersey and
London were unimpaired and we expect that our proprietary hybrid trading systems and matching session technology will continue to perform as our customers have come to expect. The operations of many of our customers have been similarly impacted by Hurricane Sandy and GFI expects that trading volumes in many of the U.S. markets that we serve will be affected for several days.
About GFI Group Inc.
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.
New York, GFI was founded in 1987 and employs more than 2,200 people with additional offices in
Tel Aviv, Calgary,
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. Its brands include GFI
[SM], GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.