GFI Group Inc. · New York, NY United States ·(NASDAQ (GS): GFIG)
Company Description
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This link will open in a new window A financial matchmaker, GFI Group is an inter-dealer hybrid brokerage that acts as an intermediary for more than 2,000 institutional clients such as banks, large corporations, insurance companies, and hedge funds. The firm deals primarily in over-the-counter derivatives, which tend to be less liquid and thus harder to trade than other assets. It also offers market data and analysis on credit, equity, commodity, and currency derivatives, and other financial instruments. Other products include foreign exchange options, freight, and energy derivatives including electric power, coal, and carbon emissions options. GFI has about 20 offices in North and South America, Europe, and Australasia. To read the full description, subscribe now.
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Key GFI Group Inc. Financials
| Company Type | Public - NASDAQ (GS): GFIG Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,015.5 |
| 2008 Employees | 1,740 |
GFI Group Inc. Executives
42 executives listed for GFI Group Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Michael Gooch | Network |
| President and Director | Colin Heffron | Network |
| COO | Ronald Levi | Network |
Competition
Competitive Landscape for GFI Group Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top GFI Group Inc. Competitors
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