The chief executive of GFI today pledged to challenge the worldâÂÂs largest energy exchanges, including Nymex and the Intercontinental Exchange, by launching a new derivatives based on a trading system company bought by the interdealer broker.
Mickey Gooch, the chief executive of GFI, said recent turmoil in the energy trading market, including the proposed $11bn (â¬7.bn) purchase of Nymex by the Chicago Mercantile Exchange, has created an opening for brokers, which he is looking to exploit with GFIâs £84m (â¬112.3m) acquisition of energy trading system vendor Trayport.
