Key Developments For GFI Group Inc.
GFI Group Inc. (GFIG.O) (Nasdaq)
GFI Group Inc. Declares Quarterly Cash Dividend; Issues Q4 2009 Revenue Guidance In Line With Analysts' Estimates
GFI Group Inc. announced that it has declared a quarterly cash dividend of $0.05 per share payable on November 27, 2009 to shareholders of record on November 13, 2009. The Company also announced that for fourth quarter of 2009, it expects total revenues to decrease by 3% to 7% versus total non-GAAP revenues in the fourth quarter of 2008. The Company reported revenue of $210.88 million for fourth quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenue of $201.76 million for fourth quarter of 2009.
GFI Group Inc.'s Trayport Limited Announces Two New Contracts
GFI Group Inc. announced that subsidiaries of Imarex ASA have signed two new contracts to use Trayport Limited's GlobalVision software. The International Maritime Exchange ASA has extended its agreement with Trayport for the use of the GlobalVision Exchange Trading System until at least 2012. Spectron Group has signed a contract to extend its agreement with Trayport for the use of the GlobalVision Broker Trading System for a further five years until at least 2014.
Munich Stock Exchange Selects GFI Group Inc.'s Trayport Exchange Systems As Carbon Credit Trading Platform
GFI Group Inc.'s Trayport Exchange Systems announced that it has contracted to supply a new exchange trading system to Bayerische Borse AG, operator of the Munich Stock Exchange in Germany. Under the agreement, Bayerische Borse will use Trayport's Exchange Trading System platform to provide technology for a pan European Carbon Emissions Exchange, a new trading venue for instruments including European Union Allowances and Certified Emission Reduction Units, with clearing and settlement provided by Deutsche Bank.
GFI Group Inc. Issues Q3 2009 Revenue Outlook
GFI Group Inc. announced that for the third quarter of 2009, it expects non-GAAP total revenues to decline by approximately 20% to 23%, compared to the third quarter of 2008.
GFI Group Inc.'s Amerex Brokers LLC Announces the Formation of Amerex Energy Consulting Services
Amerex Brokers LLC, an over-the-counter energy broker and a wholly-owned subsidiary of GFI Group Inc., has formed a fee-based energy risk management and execution consulting division that will operate under the name Amerex Energy Consulting Services (AECS). Amerex Energy Consulting Services will provide consulting services to institutional market participants, independent power producers, project developers and large industrial clients across the spectrum of North American energy commodities.
