GFI uses Gissing Software to provide energy data to major US based information vendor
London, 11 January, 2005- Gissing Software, a leading supplier of software and services for real-time trading, today announced that GFI Group Inc. (GFI), an inter-dealer broker and provider of data and analytical software services to the derivatives markets, is using Gissing's new delayed data handler for its ConteX Multi-Vendor Contribution System (Gissing ConteX MCS) to deliver energy prices to a major provider of financial market data.
GFI can now take data from internal sources and send electricity prices at a delayed rate to the data provider, which are then made available to users of its service. The delay can be set to intervals ranging from a few seconds to several hours.
Michel Everaert, global head of product marketing, GFI said, "Gissing Software's technology is integral to our global data contribution and distribution strategy, enabling multi-channel delivery of our data. Their new delayed data handler tied in with our existing Gissing ConteX MCS infrastructure seamlessly allows us to quickly and efficiently construct the new delayed energy data feed that we deliver to the data vendor."
GFI has been delivering prices using Gissing ConteX MCS from Gissing Software since March 2004 as a key element of its strategic platform for increasing distribution of tradeable prices across the many markets it serves. Using Gissing ConteX MCS, GFI simultaneously sends data to multiple information vendors. It is an extremely flexible system giving GFI the ability to easily add contributions for new instruments in a fully controlled environment.
The data from GFI's internal networks enters Gissing ConteX MCS through input handlers connected to its trading platforms and contribution applications. The data is then routed to the appropriate output handler for onward distribution by the data vendors. GFI can package data for specific vendors and effectively monitor contributions guaranteeing the integrity and quality of data.
Richard Gissing, CTO, Gissing Software comments, "Data contribution must be accurate and reliable to meet the specific needs of customers. GFI is a leading market player in energy prices, providing widely available, independent and accurate information. Contributions are often viewed as a cost centre but when organisations have the right data, they can easily convert the information into profit."
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About GFI Group Inc.
www.GFIgroup.com
GFI is an inter-dealer brokerage, market data and analytical software provider for global cash & derivative markets.
Specialising in complex, often new and fast-growing financial and commodity markets, GFI combines a hybrid electronic and voice assisted trade execution platform with pre- and post-trade products such as real-time and historical market data and analytical software.
Headquartered in New York, GFI was founded in 1987 and employs more than 650 people with additional offices in London, Hong Kong, Tokyo, Singapore and Sydney. GFI serves over 1,500 clients including the leading banks, broker-dealers, trading houses, funds, insurance and energy companies. Its brands include GFI, GFInet and FENICS.
Contact
Susannah Hamilton
Press Office, GFI
+ 44 (0) 20 7877 8049
susannah.hamilton@GFIgroup.co.uk
About Gissing Software
Gissing Software is a leading supplier of software and services to the financial industry. The company has extensive knowledge of the technology associated with real-time trading needs with emphasis on connectivity for and between market data vendors, merchant banks and brokerage houses. It offers solutions in several specialist areas, including:
Gissing ConteX MCS - allows users to distribute prices to multiple markets and data providers from a single input and has become the de facto standard in the industry for multi-vendor contributions.
RealtimeXL - built specifically for real time data delivery to Excel with no compromise on flexibility or performance. It can be configured to operate with many market data platforms.
Trade data capture, transformation and system integration for fixed income securities and other investment instruments. Products include Bloomberg Trading Integration and ConteX Trade Capture.
ECN Market aggregation gateways to a single trading console for traders in fixed income securities and other investment instruments. Products include Electra.
Gissing Software was founded in 1991 and has over 20 clients in more than 30 international locations. Clients comprise mostly of top tier banks and brokers. Gissing Software's products are a byword in the industry for performance and reliability.
For more information on Gissing Software's products and services visit www.gissing.com
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