GFI
The GFI Story to Date
Chronicling a lesson in corporate disruption.
Bidding War for GFI Surges
Both sides increase their offers for interdealer broker.
BGC Proposes Contingent Increase in GFI Offer
Interdealer broker ups the stakes as crunch time approaches for rival bid.
James Rundle: The Tragic Romance of BGC and GFI
The ongoing tussle between BGC and GFI over the latter’s future has provided constant twists and turns. But James questions whether GFI was ever going BGC’s way, or if it was always on the road to Chicago.
BGC Increases Offer for GFI Group
Firm's tender offer is now for $5.45 per share, a 20-cent increase from its previous price.
2014 Review: Infrastructure Deals Drive M&A, Funding Activity in 2014
This year saw its fair share of mergers, acquisitions and investments, with some deals driven by expansion plans, others by strategic opportunism, and others spurred by unforeseen circumstances.
BGC Further Extends GFI Offer Deadline
BGC Partners' determined efforts to acquire rival interdealer broker GFI Group continued last night, as the firm extended the deadline for its offer to January 6, 2015, the second time that it has done so.
Update: CME Matches BGC in Battle for GFI
Increases offer to $5.25 per share, matching BGC's premium.
GFI Introduces MAC Rate Swaps
The IDB joins a growing list of execution venues offering standardized coupons.
BGC Extends Tender Offer for GFI
Interdealer broker adds to deadline as it settles breach of rules with FCA.
Sefcon V: Tech's Impact on SEFs Keeps Growing
Sefcon V looks at the impact technology has had on SEFs
Update: GFI Board Rejects BGC Offer
BGC insists its offer still stands.
BGC Reaffirms Intent as GFI, CME Stay Silent
Says offer is “very much for real” in analyst call.
BGC Bid for Rival Broker Turns Hostile
A $675 million offer by BGC Partners to acquire its rival GFI Group is now being presented directly to shareholders, following weeks of protracted negotiations between the firms.
GFI Board Acknowledges BGC Proposal
The board of interdealer broker GFI Group has voted to open its books to suitor BGC Partners, after the brokerage firm made an unsolicited offer to acquire it last week.
BGC Presents Offer for GFI Group
Brokerage firm BGC Partners has announced its intention to submit a cash tender offer to the shareholders of GFI Group, in direct competition with a previous announcement that the New York-based firm would be acquired by the Chicago Mercantile Exchange …
Interactive Data Rolls Out FutureSource 4.0
Interactive Data has released version 4.0 of its web-based FutureSource market data and analytics platform, featuring new content sets and capabilities.
CME to Acquire Trayport and Fenics from GFI Group
The CME Group has agreed to acquire Trayport, a trading software provider for the European energy market, and Fenics, a suite of pricing, risk management, analytics and straight-through processing software, in a two-step transaction with inter-dealer…
CME to Buy GFI's Fenics and Trayport Pricing, Trading Tech Businesses
CME Group has announced plans to acquire interdealer broker GFI Group's Fenics suite of pricing, risk management, analytics and straight-through processing software and its Trayport commodities and energy trading technology.
GFI Selects Torstone for Reconciliations
Torstone Technology has announced that GFI Group will use its Inferno platform to handle reconciliations.
Lombard Risk Signs GFI Group for Reporter
Interdealer broker GFI Group will use Lombard Risk's Reporter product to handle new standards brought in by European authorities, the vendor has announced.
Kinetix Taps Swaps Broker Bullingham for Compliance Solution Sales
Data-driven trading and risk systems provider Kinetix Trading Solutions has hired John Bullingham as New York-based director of sales, responsible for promoting the vendor's Monaco trade management system and its PTV (Pre-Trade Verification) compliance…
Interactive Data Adds GFI, Icap, Commodities to FutureSource
Interactive Data is adding new commodities datasets from interdealer brokers GFI and Icap, UK-based agricultural specialist Informa Agra and pricing and news provider OPIS (Oil Price Information Service) to its FutureSource market data and analytics…
Nittan Capital Opts for GFI's Fenics Pro
Tokyo-headquartered interdealer broker Nittan Capital has deployed London-based interdealer broker GFI's Fenics Professional pricing and risk management system for foreign exchange options in its Singapore and Hong Kong operations to improve workflow…