Adding to Group’s broad electronic trading of energy products
GFI Group Inc. (NYSE: “GFIG”) announced today that it has successfully launched a number of Northeast Gas Basis products on EnergyMatch®, GFI’s leading electronic trading platform for energy and commodities in North America and executed a number of trades for clients on the system.
GFI Group Inc. (NYSE: “GFIG”) announced today that it has successfully launched and traded a number of Northeast Gas Basis products on EnergyMatch® , GFI’s leading electronic trading platform for energy and commodities in North America.
The new product offering caters not only to gas basis traders but to Northeast power traders enabling them to trade Northeast gas basis markets alongside EnergyMatch’s competitive electronic power markets on one screen.
Richard Giles, GFI managing director Energy and Commodities North America, said: “we are pleased to offer our clients, especially the northeast traders, another means of execution. Our hybrid mix of experienced professionals and leading edge technology combined with a choice of clearing venue will enhance and simplify the trading experience for our customers “.
EnergyMatch is a web-based electronic marketplace offering clients the ability to trade thousands of unique swap products ranging from physically cleared west power swaps to financial gas basis. Energymatch® integrates liquidity from desks at both GFI and its subsidiary Amerex, as well as dedicated screen market makers to offer one liquidity pool displaying firm and tradable prices with the ability to clear at any venue the end user chooses.
Energymatch® currently serves the following markets: East Power, Zonal Power, ERCOT Power, Physically Cleared West Power, Natural Gas Options and now Gas Basis.
