Prism enhances valuations service

29 September 2008

GFI Group Inc. (GFIG on NASDAQ) and Prism Valuation Inc, a provider of valuation and risk management services, have signed a multi-year agreement for Prism to use GFI credit derivatives data in its valuation services.

Greg Cripps, president and ceo of Prism Valuation Inc. said, “We are very happy to be using GFI data. We firmly believe that GFI’s high-quality, truly representative, independent data is key to providing effective structured product valuation services.”

“GFI’s credit market data, sourced from CreditMatch, GFI’s award-winning electronic trading platform, reflects real market prices, where counterparties are prepared to commit capital, rather than consensus or aggregated data,” said Philip Winstone, global head of data sales at GFI. “We believe our partnership with Prism Valuation cements GFI data as a vital ingredient in determining the value of credit derivative positions.”

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