GFI Group, a provider of wholesale brokerage, clearing services, electronic execution and trading support products, has opened an office in Bogota, Colombia.

The new office, opened by GFI Securities Colombia, will focus on brokering of Colombian sovereign fixed income, corporate fixed income and related derivatives products in the domestic market.
 
The Colombian Financial Markets Regulator (Superintendencia Financiera) granted GFI Securities Colombia the licence to commence operations last month.
 
“We are very pleased to announce the start of operations in Colombia,” says Nick Brown, GFI managing director, head of financial products brokerage, Americas. “This is a very important market for us. Colombia is a country with great growth potential as well as being strategically placed amongst the region’s emerging markets.”
 
GFI Securities Colombia will operate a hybrid system, combining voice brokerage and electronic trading.