Last $6.11 USD
Change Today +0.02 / 0.33%
Volume 351.4K
GFIG On Other Exchanges
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As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

gfi group inc (GFIG) Key Developments

GFI Group Is Considering Strategic Alternatives

GFI Group Inc. (NYSE:GFIG) is exploring strategic alternatives with any and all interested parties to maximize shareholder value for all shareholders. These alternatives could include, among others, joint ventures, mergers and/or acquisitions.

GFI Group Inc. Launches USD Market Agreed Coupon MAC Swaps on its Swap Execution Facility, or SEF

GFI Group Inc. has launched USD Market Agreed Coupon MAC Swaps on its swap execution facility, or SEF. Live tradable prices for these contracts are available in a Central Limit Order Book (CLOB) on GFI's electronic trading platform for interest rates, RatesMatch. Clearing of these swaps is done via Straight Through Processing STP with CME Group and LCH.Clearnet. MAC swaps were created by SIFMA & ISDA as an over-the-counter swap product with pre-defined standard terms. They start on IMM (International Monetary Market) dates and trade with a pre-set fixed rate determined by SIFMA & ISDA. The standardization of product terms allows for greater initial margin and line item efficiencies for market participants. RatesMatch offers leading technology for specialist execution services across a breadth of interest rate derivatives. It provides a fully integrated workflow, from price discovery, pre-trade credit checks and trade execution, to trade capture and straight-through processing (STP). GFI has electronic connections to a number of major clearing houses and swap data repositories (SDRs) to provide a fully electronic workflow.

GFI Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

GFI Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenues were $210,301,000 against $212,433,000 a year ago. Loss before provision for income taxes was $7,516,000 against $1,156,000 a year ago. Net loss was $7,691,000 or $0.06 per basic and diluted share against $461,000 or $0.00 per basic and diluted share a year ago. Total Non-GAAP revenues were $208,479,000 against $213,237,000 a year ago. Non-GAAP pre-tax income was $187,000 against $2,332,000 a year ago. Non-GAAP net loss was $933,000 or $0.01 per diluted share against non-GAAP net income of $1,434,000 or $0.01 per diluted share a year ago. Non-GAAP net cash earnings from ongoing operations were $15,858,000 or $0.13 per share against $20,223,000 or $0.16 per share a year ago. Adjusted EBITDA was $24,673,000 or $0.79 per share compared to $27,814,000 a year ago. Non-GAAP pre-tax cash earnings from ongoing operations were $16,978,000 against $21,121,000 a year ago. For the nine months, total revenues were $669,145,000 against $699,103,000 a year ago. Loss before provision for income taxes was $130,961,000 against income before provision for income taxes of $6,526,000 a year ago. Net loss was $101,484,000 or $0.82 per basic and diluted share against net income of $10,904,000 or $0.09 per basic and diluted share a year ago. Total Non-GAAP revenues were $644,635,000 against $697,076,000 a year ago. Non-GAAP pre-tax income was $6,740,000 against $20,725,000 a year ago. Non-GAAP net income was $6,540,000 or $0.05 per diluted share against non-GAAP net income of $15,691,000 or $0.12 per diluted share a year ago. Non-GAAP net cash earnings from ongoing operations were $61,345,000 or $0.47 per share against $75,045,000 or $0.59 per share a year ago. Non-GAAP pre-tax cash earnings from ongoing operations were $61,545,000 against $80,079,000 a year ago.

GFI Group Inc. to Report Q3, 2014 Results on Oct 28, 2014

GFI Group Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 28, 2014

GFI Group Inc., Q3 2014 Earnings Call, Oct 29, 2014

GFI Group Inc., Q3 2014 Earnings Call, Oct 29, 2014

 

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GFIG

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Valuation GFIG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 2.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.4x
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