GFI is offering to pay each holder of record as of 5pm on September 10, 2015, who validly delivers its consent before the expiration date, a cash payment of $2.50 for each $1,000 in aggregate principal amount of Notes.
Read moreGFI Group (NYSE: GFIG), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, announced on April 20th, that it completed the integration between EnergyMatch, its electronic central limit order book for WTI, Brent and Natural Gas financial derivatives, and OptionsCity's Metro, an end-to-end electronic trading and market making…
Read moreGFI Group Inc. (NYSE:GFIG), the US-based provider of brokerage, trade execution and clearing services, has unveiled plans to delist and deregister its common stock, which is currently trading on the New York Stock Exchange. The company attributed its decision to the upcoming changes related to the deal with BGC Partners, Inc. (NASDAQ:BGCP) and the lack…
Read moreThere is a positive development on the news LeapRate reported a week ago about BGC Partners, Inc. (NASDAQ:BGCP), a global brokerage company servicing the financial and real estate markets, and GFI Group Inc. (NYSE:GFIG) agreeing on a tender offer of $6.10 per share. The companies announced today that the tender offer had been completed successfully.…
Read moreBGC Partners, Inc. (NASDAQ:BGCP), a global brokerage company servicing the financial and real estate markets, and GFI Group Inc. (NYSE:GFIG), a provider of trading technologies and support services to the global OTC and listed markets, today announced that they have reached an agreement on a tender offer of $6.10 per share. Under the terms of…
Read moreThe transaction remains subject to the approval of GFI Group's stockholders; GFI Group will hold a special meeting of its stockholders onJanuary 27, 2015 to vote on the transaction
Read moreBGC believes that its $5.45 all-cash offer is clearly superior to the $5.25 stock and cash offered under the CME transaction and urges GFI shareholders to tender their shares.
Read moreBloomberg Tradebook, Cürex, FastMatch, Nasdaq, and Singapore Exchange join Foreign Exchange Professionals Association.
Read moreWell a good old fashioned shootout is taking place for control of the GFI Group, an interdealer derivatives broker serving banks and other financial institutions from around the world. First, the CME Group made an offer to buy the 83% of GFI it didn't already own for $4.55 per share back in July. That bid…
Read morePhilip Stafford from the Financial Times is reporting that the new CEO of Tullett Prebon John Phizackerley has indicated he will push the UK-based interdealer broker further into electronic trading, and invest as the industry struggles with significant structural change.
Read more