GFI Group Announces Downtown New York City Office Currently Inaccessible Due
to Effects of Hurricane Sandy
NEW YORK, October 31, 2012
NEW YORK, 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
Headquartered in New York, GFI was founded in 1987 and employs more than 2,200
people with additional offices in London, Paris, Nyon, Hong Kong, Seoul,
Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, 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®.
Certain matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "might," "intend," "expect" and similar expressions
identify such forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated, expressed or
implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of GFI Group
Inc. (the "Company") and are subject to a number of risks and uncertainties.
These include, but are not limited to, risks and uncertainties associated
with: economic, political and market factors affecting trading volumes;
securities prices or demand for the Company's brokerage services; competition
from current and new competitors; the Company's ability to attract and retain
key personnel, including highly-qualified brokerage personnel; the Company's
ability to identify and develop new products and markets; changes in laws and
regulations governing the Company's business and operations or permissible
activities; the Company's ability to manage its international operations;
financial difficulties experienced by the Company's customers or key
participants in the markets in which the Company focuses its brokerage
services; the Company's ability to keep up with technological changes;
uncertainties relating to litigation and the Company's ability to assess and
integrate acquisition prospects. Further information about factors that could
affect the Company's financial and other results is included in the Company's
filings with the Securities and Exchange Commission. The Company does not
undertake to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
For any queries or additional information please contact:
Vice President - Public Relations
GFI Group Inc.
Street, 28th Floor
New York, NY 10041
SOURCE GFI Group Inc
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