GFI Lima office, GFI del Peru granted authorization by Peruvian regulator
GFI Group Inc. (NYSE: “GFIG”) is pleased to announce that it has been granted the authorization to operate as a centralized trading platform for Sol denominated Peruvian Sovereign bonds. The authorization extends to brokering in both the primary and secondary markets.
The authorization was granted by the “Dirección General de Endeudamiento y Tesoro Público, part of the Ministry of Economy and Finance, to GFI del Perú S.A.C., a local affiliate of GFI Group.
GFI Group opened an office in Lima in 2012. The new office brokers Spot FX and interest rate OIS and will broker Sol denominated Sovereign debt in the near future in accordance with the authorization granted.
Nick Brown, Managing Director and Head of Financial Product Brokerage, North and South America, said: “We are very pleased to receive this important authorization from the Ministry of Economy and Finance. Perú is a very important market for us, a market that we have been servicing from our offices in New York for over 8 years”.
Mr. Brown added: “We will be applying our award-winning trading technology to enhance all the products and services provided to the Peruvian financial markets.”
The new office will operate GFI’s award winning* electronic trading platforms ForexMatch® for FX derivatives and CreditMatch® for fixed income derivatives.
GFI Group is present in other Latin American countries, including Mexico, Argentina, Chile and Colombia, where it has helped increase market transparency, liquidity and efficiency.
*FX Week magazine named GFI Best electronic Broker 2010 in its annual e-FX awards, and Profit & Loss magazine named GFI ForexMatch® Best FX Options Trading Platform at its Digital Markets Awards in 2008, 2009, 2010 and 2011. GFI CreditMatch® was selected as best Innovation by a Broker at the FOW Awards 2009.