February 1st 2008

GFI Group acquires trading technology firm, Trayport

Michael Gooch, Chairman and Chief Executive Officer of GFI: “The scope of Trayport’s product offerings is extensive and their quality is of the highest calibre, which we can attest to as one of their customers."

Trayport will continue to provide software and services to these markets in the same way as a standalone business within the GFI Group. The entire Trayport team, including its founder Edmund Hor, is continuing in the business across its three offices in London, Jersey City and Hong Kong.

Edmund Hor, Managing Director of Trayport, stated, “GFI is one of Trayport’s oldest and biggest customers and understands the critical importance of technology leadership. Teaming up with GFI gives Trayport the opportunity to draw upon GFI's innovative market knowledge to provide more and better transaction technology to global markets.”

Michael Gooch, Chairman and Chief Executive Officer of GFI, commented, “The scope of Trayport’s product offerings is extensive and their quality is of the highest calibre, which we can attest to as one of their customers. Through the acquisition of Trayport, GFI will be fully integrated into the desktop, middle office and back office of our European energy customers. Additionally, we will be able to streamline the introduction of new product offerings in all our regions.”

Mr. Gooch continued, “We are committed to providing the rest of Trayport’s impressive customer roster, which includes major inter dealer brokers, exchanges, as well as trading counterparties with the same level of technologically advanced products on which they have come to rely.

Through its GlobalVision products, Trayport has established a prominent position in the European over the counter (OTC) energy markets including electric power, natural gas, coal, emissions and freight. Trayport’s flexible and robust GlobalVision platforms can accommodate electronic trading, information sharing and straight-through-processing capabilities in commodity and financial instruments, in particular energy derivatives. Trayport’s GlobalVision software is installed on more than 10,000 trading screens worldwide, dealing in over 2,000 different trading instruments and supporting over 50 market places across 15 countries.