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GFI announces fall in credit brokerage revenues
Friday, February 19, 2010
Interdealer broker GFI said its revenues from credit derivatives were down 46% in the fourth quarter compared to the same period in the previous year. But this was partially offset by a 66% increase in the firm’s smaller cash credit business.
Total revenues from credit in the whole of 2009 were $276 million, making it still the firm’s biggest sector.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
