GFI Group launches Japan single stock options matching

Source: GFI Group

GFI Group (NYSE: "GFIG") a leading provider of wholesale brokerage, clearing services, electronic execution and trading support products for global financial markets announced today it has conducted the first fully electronic Japanese Single Stock Options Matching. This process included stocks of many of Japan's largest corporations: Nintendo, Nissan, NTT DOCOMO, Canon and Sharp.

This new offering follows the successful launch of JPY IRO Matching introduced in June of 2010 and Japan Equity Derivatives Index Matching in September 2010.

Matching is a process run on various GFI electronic trading platforms which allows traders to anonymously contribute and trade at pre-defined levels on specific contracts during periodic sessions. Sessions are carried out during set times in the day and have short focused durations, approximately 5 to 10 minutes. GFI Matching sessions help create concentrated and deep liquidity pools that facilitate large volume trades to be transacted at pre-defined levels.

Dr. Keith Nicolle, GFI Group's Head of ECommerce, Asia Pacific said: "We are the first broker to execute electronic matching of Japan Single Stock Options. This new offering underlines our commitment to offer our clients choice in their method of execution and a range of innovative solutions to fit their changing trading requirements". And added, "This new-roll out follows the success of the electronic products we launched last year. We are providing our clients an additional service in asset classes where these matching services were not previously available. GFI matching sessions have been a liquidity positive product for both us and, we believe, for the market".

GFI's focus is on launching innovative products in areas of auctions, matching and hybrid eTrading, on a variety of different asset classes that offer customers a greater choice in their method of execution as well as providing additional pools of liquidity. These new products add to the growing electronic matching offering GFI has built over the last year: CDS matching globally, Mexican Peso Interest Rate Swap "IRS" TIIE* and USD IRO.

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