NEW YORK CITY and LONDON, Nov. 6, 2003 — FAME Information Services Inc. announced that it has entered into a data distribution agreement with GFI Group, (GFI), a major global energy brokerage, market data and analytical software provider.
The agreement enables FAME to redistribute and market GFI’s historical pricing database, along with a daily electronic feed of prices for the European power market.
The decision to add GFI broker data to FAME’s Energy Data Service comes in response to a high demand from FAME customers for access to a respected and independent source of European power prices.
“Having recognised the market need for access to accurate, independent and credible power pricing for forward curve analysis and mark-to-market needs, FAME are pleased to be the first vendor to offer this data from GFI,” says Emma Garvey, Data Product Manager at FAME. “Additionally, we feel the combination of data from GFI, awarded Energy House of the Year 2002 by Risk Magazine, and FAME, winner of Water’s Best Data Management Vendor, is an extremely valuable solution for Europe’s energy houses.”
Coverage from GFI comprises indicative quotes as well as traded price details for forwards and options for the German, Austrian, French, Swiss, Dutch, Belgian and UK markets. Data is collected and cleansed from GFI’s successful hybrid brokerage desks, which combine an electronic trade execution platform with voice assistance.
“We are very enthusiastic about our distribution partnership with FAME, ” remarked James Watson, Head of Global Sales, GFI. “As a broker, GFI is the information hub of complex derivative products, and therefore ideally positioned to provide the global capital markets with hard-to-find, independent and historical market data. Offering our data via FAME will not only provide us with access to their substantial client base, serving over 200 clients in the energy markets, but also provide the market with the independent and transparent prices they need.”
About FAME Information Services Ltd
FAME Information Services Inc. (www.fame.com) is a provider of data management technology software and consulting solutions to the world’s energy, financial and public sector markets. The readers of Waters magazine recently voted FAME the Best Data Management Vendor.
FAME is headquartered in New York City, with its European offices located in London. FAME’s clients include top tier institutions in the areas of investment banking, asset management, public sector banks and energy trading firms in over 40 countries.
About GFI Group.
GFI Group (www.GFIgroup.com) is an inter-dealer brokerage, market data and analytical software provider for global cash & derivative markets.
Specializing in complex, often new and fast-growingfast growing financial and commodity markets,markets; GFI combines a hybrid electronic and voice assisted trade execution platform with pre- and post-trade products such as real-time and historical market data and analytical software.
Headquartered in New York, GFI was founded in 1987 and employs more than 650 people with additional offices in London, Hong Kong, Tokyo, Singapore and Sydney. GFI serves over 1,500 clients including the leading banks, broker-dealers, trading houses, funds, insurance and energy companies. Its brands include GFI, GFInet and FENICS.