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Slide #74. GFI Group — Team from Phoenix Partners group
GFI Group (GFIG)
Team from Phoenix Partners group
GFI Group Inc. (NYSE: "GFIG") announced today that it has agreed to acquire certain assets of Phoenix Partners Group, an independent interdealer broker operating mainly in the international credit and equity markets. As part of the transaction, GFI will be taking on approximately 32 brokers (divided between New York and London offices) and additional operational and management staff.
GFI Group is an intermediary and provider of trading technologies and support services to the over-the-counter and listed markets. Co. provides brokerage and trade execution services, clearing services, market data and trading platform and other software products to institutional customers in markets for a range of fixed income, financial, equity and commodity instruments. Co. provides its customers a hybrid brokerage approach, combining a range of telephonic and electronic trade execution services. Co. has five operating segments: Americas Brokerage; Europe, the Middle East and Africa Brokerage; Asia Brokerage; Clearing and Backed Trading; and All Other.
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Buy (2.67 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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