GFI Group Inc. (GFIG) Message Board

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Non-Tech : GFI Group Inc. (GFIG)

GFIG 6.160

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Mar 3 4:00 PM EST

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From: JakeStraw	3/17/2008 4:07:41 PM
	of 17

GFI Group Inc. Reiterates Trading Policies biz.yahoo.com Monday March 17, 3:37 pm ET NEW YORK, March 17 /PRNewswire-FirstCall/ -- In response to investor inquiries, GFI Group Inc. (Nasdaq: GFIG) reiterated that it does not carry customer accounts, does not hold any material inventory of securities that needs to be financed, does not act as a principal for securities repurchase (repo) agreements, is not a Futures Commission Merchant (FCM) and is not a clearing member of the Government Securities Clearing Corporation (GSCC). GFI further confirmed its business model in the OTC derivatives markets of acting exclusively as an agency broker on a "name give-up" basis, earning commissions for connecting buyers and sellers and leaving them to settle trades directly.

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