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GFI Group opens office in Mexico DF

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GFI Group has been granted a licence to open an office in Mexico DF.



The new office will be staffed by local brokers and will apply GFI Group’s hybrid model to its operations.
 
The Mexican regulator CNBV (Comisión Nacional Bancaria y de Valores) has granted GFI Group’s local affiliate a licence to commence operations.
 
Nick Brown (pictured), managing director and head of financial product brokerage, North and South America, says: “We are very pleased to receive our licence from the CNBV to open an office in Mexico after previously servicing our Mexican clients from New York for over 10 years.  This is a very important market for us and we intend on expanding our presence while increasing market depth. We will be applying our award-winning trading technology to enhance all the products and services provided to the Mexican financial markets.”
 
The new office will operate GFI’s electronic trading platform ForexMatch for FX derivatives.
 
GFI Group is present in other Latin American countries, including Peru, Argentina, Chile and Colombia.
 

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