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Non-Tech : GFI Group Inc. (GFIG)

GFIG 6.160

0.0%

Mar 3 4:00 PM EST

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From: JakeStraw	6/22/2010 8:09:35 AM
	of 17

GFI Group Inc. to Acquire The Kyte Group Limited and Kyte Capital Management Limited, Providers of Clearing, Broking, Investment Services and Seed Capital to Financial Market Traders finance.yahoo.com Acquisition Strengthens GFI's Position Within Exchange-Traded Markets and Enhances Its Service Offerings NEW YORK, NY--(Marketwire - 06/21/10) - GFI Group Inc. (NASDAQ:GFIG) announced today that it has agreed to acquire The Kyte Group Limited ("KGL") and Kyte Capital Management ("KCM") (together "Kyte"). Kyte, which is a member of leading exchanges including NYSE Euronext, NYSE LIFFE and Eurex, provides clearing, broking, settlement and back-office services to proprietary traders, brokers, market makers and hedge funds. In addition, Kyte provides seed capital to start-up trading groups, small hedge funds, market-makers and individual sole traders.

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