GFI Group, a New York-based inter-dealer broker specializing in over-the-counter derivatives and related securities, has begun offering equity research to U.S.-based institutional investors, including hedge funds and mutual funds.
GFI's research examines the relationship between equity and credit markets and combines real-time credit default swap information with fundamental and technical analysis to provide recommendations on specific securities. Gary Kelly leads the firm's four-person research team.
Credit derivatives are the largest and fastest growing derivative market. With $26 trillion in outstanding contracts, credit derivatives comprise 70% of the derivatives marketplace, according to the International Swaps and Derivatives Association.