The desk will focus on JPY as well as EUR, GBP, CHF, AUD, NZD, CAD and other forwards to service its Japanese and international clients.
GFI Group Japan, a division of BGC Capital Markets (Japan), LLC, a subsidiary of BGC Partners, Inc. (NASDAQ:BGCP), today announced the opening of a new office in Tokyo.
The opening of the new office – located in Akasaka Biz Tower, is marked by the launch of GFI’s G10 Forward FX (“FWD FX”) desk focusing on JPY as well as EUR, GBP, CHF, AUD, NZD, CAD and other Forwards to service its Japanese and international clients.
The re-establishment of a Japan office further strengthens GFI’s existing FWD FX businesses in Hong Kong, Sydney and Singapore. These businesses provide clients with unique coverage across all markets in the Asia Pacific region, further supported by GFI’s offices in London and New York.
Brad Howell, Chief Executive Officer of GFI Asia Pacific, commented
“With re-establishing the GFI brand in Japan and the re-opening of our Tokyo office, GFI is making a long term commitment to Japanese financial markets. We believe Japan is a key strategic growth area for GFI in the Asia Pacific regions. We are very excited about the opportunity, especially launching a core product like FWD FX which is a staple of financial markets and the real economy alike.”
Let’s recall that, in March this year, BGC Partners boosted its Asian footprint via the acquisition of Ginga Petroleum (Singapore) Pte Ltd by GFI Asia Holdings Pte. Ltd. Founded in 1998 and with over 60 employees, Ginga provides a comprehensive range of broking services for physical and derivative energy products including Naphtha, Liquefied Petroleum Gas, Fuel Oil, Biofuels, Middle Distillates, Petrochemicals and Gasoline.