GFI Group (Nasdaq: "GFIG") and Quick Corp. of Japan have extended their long-standing relationship whereby GFI's FX Options market data is made available to Quick terminal users in Japan.
GFI FX Options Volatility data licencing and distribution via QUICK terminals is extended for another two years. At the heart of this agreement is a new sales and distribution partnership between GFI and QUICK for application usage. The partnership will enable QUICK's clients to download GFI data into their own systems, for example their risk management system, and to perform in-depth analysis using GFI's data outside the desktop terminal for the first time.
Elliott Hann, GFI's Head of Data Sales in Asia, stated: "We are delighted to have extended our relationship with QUICK that enables their clients in Japan to have access to our high quality price information" and added, "we have seen for some time now an increasing demand globally for GFI's market data services to be used in off-desktop business areas such as risk management, pricing and valuations The new aspect of this agreement will allow QUICK's clients in Japan to benefit from this demand".
Yasunori Hanamiya, Executive General Manager of QUICK Corp. said, "QUICK Corp. is also pleased to enter into a new agreement with GFI, which opens the way for our customers to use GFI market data outside of the QUICK terminal and allow them more flexibility. We believe this will certainly help us to catch up with increasingly diversified requirement of our clients today.
QUICK Corp. is the principal Japanese financial information vendor and a financial information provider in the Nikkei Group. It supplies information to customers in the securities and financial markets. Their service offer includes Japanese, Asian and Global real-time financial information, as well as news and historical information.
The new agreement becomes effective October 1st, 2009.