New York, January 17, 2012 - GFI Market Data, a division of GFI Group Inc., announced today that it has entered into an agreement with E.ON Edis. GFI will supply E.ON Edis with historical data as well as streaming updates.

E.ON Group is one of the most important international players within the power industry and a leader in generation and distribution of gas and electric power. The company’s operations are concentrated on the markets of Western and Central Europe, Great Britain, Scandinavia, and USA.

Mario Vogler, E.ON Edis Energy Grid Manager said: "We use the data from GFI as a market price monitor as a part of our daily electricity procurement. The data gives us a very comprehensive market overview; it even includes data from the commodity market which we greatly value" and added, "GFI Market Data is very easy to operate and works very quickly."

"We are very happy to have this opportunity to work with E.ON Edis" said Shai Popat, Head of European Sales at GFI Market Data." We provide an independent and comprehensive view of the energy markets. Our data derives from our brokers as well as from our premier electronic trading screen for energy and commodities, EnergyMatch® Europe. This gives a great insight into the market, providing a view of liquidity and actual market values."

E.ON Edis AG is a member of E.ON Group involved in distribution of power and gas within the territory of federal states of Brandenburg and Mecklenburg – Hither Pomerania. The company is also a shareholder of a number of media suppliers – including supplies of heat to numerous cities in East Germany.

Sourced directly from GFI EnergyMatch® Europe, GFI Group’s energy and commodities electronic trading platform for Europe, GFI Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets.

New York, January 10, 2012 – GFI FENICSSMannounced the expansion of its agreement with Cambridge Mercantile Corporation of Toronto, Canada for the licensing of FENICS Professional™ to include its Montreal and Vancouver offices. FENICS Professional has allowed Cambridge Mercantile Corp to broaden their range of services as part of their aggressive growth strategy.

Bernard Heitner, CEO, Cambridge Mercantile Corp. said, "We are keen on staying at the forefront of the market place with the range and depth of services we can provide to clients. Adding FX options to our product suite has been an important step for us and we selected FENICS Professional as we deemed it to be the best platform to suit our needs in FX options pricing, risk management, and transaction processing. The ease of deployment of the platform made it simple to extend the functionality to our Montreal and Vancouver offices".

Sue Poulin, Commercial Head of GFI FENICS for the Americas commented, "We have an excellent relationship with Cambridge Mercantile Corp. and are delighted that we can help them with the expansion of their business. Our product makes it easy to cater to the needs of our clients and assist them in developing and growing their FX options business."

Ms. Poulin added: "GFI FENICS offers a robust solution for FX options pricing, analysis, and reporting. It has seen strong growth in the Americas over the last year as it continues to prove itself as a market-leading provider of FX options technology".

The Cambridge Mercantile Group, founded in 1992, provides businesses trading internationally, foreign exchange and global payments services. Cambridge Mercantile provides access to in-depth risk management and payment solutions in order to meet client needs with the best possible advice and solutions.

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions. Clients include banks, multinational corporations, brokers, and hedge funds.

New York, January 3, 2012 – New York’s Hap Capital has licensed FENICS Professional™ Pricing and Analytics Tools from GFI Group, Inc. (NYSE: GFIG) for use on Hap Capital’s FX Options Desk in New York City.

Andrew Dexter, Head of FX Options at Hap Capital said, "After evaluating numerous  systems for FX Options that cover pricing, risk management, and transaction processing, we decided that GFI FENICS^SM was clearly the best choice. Their platform, FENICS Professional, provides us with the accuracy, ease of use and scalability we require to support and grow our business”, and added, ” FENICS’ customer support team provides fantastic training and ongoing support to help us get the most out of the platform and be more efficient.".

"We are delighted to welcome HAP Capital as a client and to be able to provide them with the tools they need to continue developing their FX options business. Our business has grown significantly during the last few years as we have added new clients from every market segment" said Richard Brunt, Global Head of FENICS & Market Data Services at GFI.

HAP Capital acts as a liquidity and efficiency provider to the marketplace and differentiates itself from most other firms in the space in its internally-developed quantitative approach to its trading strategy and business model.

FENICS Professional is a powerful front, middle and back office platform for pricing, analyzing, and managing FX options. An end-to-end solution, it provides all the necessary tools, math models and independent market data for fast, accurate price discovery and revaluation of vanilla options and exotic multi-leg, multi-currency strategies.

The platform is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.

BofA Merrill Lynch joins 5 top banks providing FX options liquidity to FENICS Trader

New York, June 20, 2011 – GFI FENICS,  part of GFI Group Inc. (NYSE: GFIG),announced today that BofA Merrill Lynch has gone live as a liquidity provider on its FX options platform FENICS Trader™. The bank will initially support options across 44 currency pairs.  

FENICS Trader, the pioneering e-Commerce solution for FX options, provides users with multi-bank FX options liquidity from a single user interface. Launched in February 2011 after a successful test period, trade volumes & notional amounts continue to increase as the product is rolled out.

Liam Hudson, Global Head of E-FX Trading at BofA Merrill Lynch, said, “We are pleased to support FENICS Trader with liquidity. Our aim is to provide our clients with a combination of high quality price support and the best possible service experience”. He added, “BofA Merrill Lynch liquidity will further enhance the value of FENICS Trader for our clients. Expanding our eFX options capability is a key part of BofA Merrill Lynch’s strategy to grow the FX franchise”.

Richard Brunt, Global Head of GFI FENICS stated, “We are delighted that a bank of the stature of BofA Merrill Lynch has agreed to support FENICS Trader and our many mutual clients with its liquidity. This will help maintain the very encouraging growth we have seen in trade volumes since our launch.”

BofA Merrill Lynch joins a growing liquidity pool on FENICS Trader, including BNP Paribas, Commonwealth Bank of Australia, Credit Suisse, UBS and Unicredit Bank AG.

Brunt added: “FENICS Trader continues to be well supported by the market-making banks, with other banks to go live in the coming months. The breadth of market coverage on FENICS Trader is very compelling and provides our clients very competitive prices in a single interface”.

FENICS Trader is available to clients via the FENICS Professional™ platform. FENICS Professional is a suite of pricing, trading, risk management and STP components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from a single interface.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 client firms worldwide – financial institutions and corporations – with thousands of users benefiting from its solutions.

New York, June 14th, 2011 – GFI FENICSSMannounced it has entered an agreement with Cambridge Mercantile Corporation of Toronto, Canada for the licensing of FENICS Professional™ 12.1 to support its new FX options business.

Bernard Heitner, CEO, Cambridge Mercantile Corp. said, "We evaluated several systems for FX options pricing, risk management, and transaction processing. FENICS Professional provides risk reporting that is easily tailored to the specific requirements of our FX options workflow making it the best platform to suit our needs. The GFI FENICS customer support team provides in-depth training and ongoing support to help us get the most out of FENICS Professional."

Sue Poulin, Commercial Head of GFI FENICS for the Americas commented, "We are delighted that Cambridge Mercantile Corp. has selected FENICS Professional to assist in building its FX options business. FENICS Professional allows us to cater to the needs of clients in many different market segments as it provides a robust solution for FX options analysis, pricing and reporting" and added, "GFI FENICS has seen strong growth in the Americas over the last year as it continues to prove itself as a market-leading solution in FX options."

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from one single interface.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions. Clients include banks, multinational corporations, brokers, and hedge funds.

GFI Group Inc. announced today the launch of FENICS Trader, a single point of access to multi-bank liquidity for foreign exchange options. This pioneering technology facilitates independent FX options price discovery, offering a "many-to-many" venue for bilateral trading and execution.

FENICS Trader is supported by 9 of the world’s leading banks, with others to go live in early 2011. Live liquidity banks include BNP Paribas, Commonwealth Bank of Australia, Credit Suisse, UBS and Unicredit Bank AG.

During a 6 month soft launch period, trade volumes grew impressively, rising to over 120 trades per month. This soft launch involved 20 of GFI FENICS’ clients.

FENICS Trader allows clients to calculate indicative prices based on banks’ proprietary volatility surfaces. Using “Request for Quote” (RFQ) technology clients receive a tradable price from their preferred liquidity bank. Once the price is agreed, electronic execution is completed on a bi-lateral basis.  At present FENICS Trader supports European vanilla and simple two-legged structures. Trades can be priced in volatility or premium terms. FENICS Trader is available to clients via the FENICS Professional™ platform.

Richard Brunt, Global Head of GFI FENICS stated: “This is a very important step forward for GFI FENICS and for the FX options dealing community. FENICS Trader is the first many-to-many FX options execution platform, and the initial volumes have been hugely encouraging showing that this initiative is well supported by the market and valued by GFI FENICS’ client base, and is particularly relevant in light of the regulatory environment.”

Brunt added: “FENICS Trader was a logical enhancement to the FENICS Professional workflow solution. It removes the need for duplicate trade entry and manual price discovery via the telephone or electronic messaging.” Brunt continues: “As more liquidity providers join the community, our clients will have a wider choice of trading partners, accessible from a single, industry standard application.”

FENICS Professional is a suite of pricing, trading, risk management and STP components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from a single interface.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 client firms worldwide - financial institutions and corporations - with thousands of users benefiting from its solutions. FENICS Trader additionally provides clients worldwide with access to a liquidity pool in order to bilaterally transact currency options.

Leading Taiwanese Bank steps up to FENICS Professional™ 12.1

New York, December 14, 2010 – First Commercial Bank, a leading Taiwanese Bank, has licensed the latest release of FENICS Professional, the market leading system for foreign exchange options from GFI Group Inc. (NYSE: “GFIG"). The bank has deployed FENICS Professional version 12.1 which includes the new functionalities: FENICS Sales, FENICS Trader and the latest version of FENICS Exotic maths models.

FENICS Professional version 12.1 provides traders at First Commercial Bank with the ability to spread their volatility surface based upon the counterparty profile to ensure sales professionals have desktop access to the correct prices. Sales and traders can communicate through FENICS chat, and confirm prices via internal RFQ. Term sheet functionality allows sales users to produce multi language term sheets, with full graphing capabilities.

“We have an excellent long standing relationship with First Commercial Bank, and we are very happy that they have chosen to deploy FENICS Professional” said Elliott Hann, Head of GFI FENICS Sales in Asia. “The new version steps up our price distribution and sales tool capabilities, the ability to spread prices by counterparty and the direct distribution of retail products”. “We continue to be committed to providing scalable and customized solutions to fit our clients’ needs” he further commented.

The Bank has been a client of FENICS since 1998.

First Commercial Bank is a leading bank in Taiwan with offices across the Greater China region, providing international banking and multi-asset class investment and transaction services to clients including financial institutions, funds, corporate and individual investors.

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from one single interface.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions.

Award winning FX Options Platform expands into the sales arena

New York, September 30, 2010 – GFI Group announced today the release of FENICS Professional™ version 12.1, a new generation of the award winning FX Option platform which brings together pricing, distribution, bilateral trading and risk management and analytics capabilities for FX options.

FENICS Professional 12.1 introduces FENICS® Sales, functionality that offers a complete workflow solution for sales professionals and traders. The new release includes the ability for traders to spread their volatility surface based upon the counterparty profile to ensure sales professionals have desktop access to the correct prices. Sales and traders can communicate through FENICS chat, and confirm prices via internal RFQ. Term sheet functionality allows sales users to produce multi language term sheets, with full graphing capabilities.

FENICS Professional 12.1 also allows the generation and web deployment of retail products, such as Dual Currency Investments, direct to customer or branch networks.

Richard Brunt, Global Head of GFI FENICS said: “This latest release of FENICS Professional has been greatly anticipated by our existing clients and prospects alike.”

The new sales functionality is a natural extension of GFI FENICS’ strategy to provide a market leading workflow solution for FX Options. New functionality including the introduction of multi-language term sheets, internal RFQ, chat and volatility spreading by counterparty enables its traditional client base of traders to communicate and execute with their internal sales network locally, regionally and globally. Minimizing the need for multiple trade entry points, telephone calls, and other manual processes will make both traders and sales people more productive. Brunt added “What is very exciting to our clients is that all of this functionality comes as standard within FENICS Professional and is not sold as an additional service. This makes FENICS Professional extremely cost effective and scalable”.

GFI FENICS has worked closely with customers to make further improvements across all product components, including its portfolio management component, FENICS Portfolio, as well as FENICS Pricing and FENICS Security.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions. Clients include banks, multinational corporations, brokers, and hedge funds.

GFI FENICS^SMprovides state-of-the- art pricing component for exotic FX  instruments

New York, September 1, 2010 – GFI Group has announced the release of FENICS Exotics, a powerful collection of models used to price all major exotic FX instruments.

FENICS Exotics pricing models are carefully tailored to work the way a market practitioner would expect to use them in the FX markets. The component provides accurate prices and tradable bid/ask spreads that can be immediately quoted, without requiring manual intervention.

FENICS Exotics is powered by two math methodologies, dVega and Monte Carlo. The dVega model is GFI FENICS owned methodology that allows for the incorporation of current market practice to provide the most accurate pricing and spreading of first generation digital and barrier options. The Monte Carlo model has been developed in partnership with CSIRO* (Australia’s Commonwealth Scientific and Industrial Research Organisation) and provides clients with state of the art exotic options pricing software embedded with cutting edge mathematical methods.

Richard Brunt, Global Head of GFI FENICS said: “The launch of FENICS Exotics comes on the back of the appointment of Julian Cook as Head of Quantative Research” and added, “The core of GFI FENICS product has always been its maths models. We have invested heavily in this area over the years and we continue to do so and keep our models at the forefront of the market.”

FENICS Professional™ provides a single interface for price discovery, bilateral trade execution and risk management including the benefit of straight through processing (STP). The FENICS Exotics component is included within the FENICS Professional pricing page and risk management.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions.

*CISRO is a trademark property of Australia’s Commonwealth Scientific and Industrial Research Organisation

Richard Brunt, Head of GFI FENICS, comments on technology and new opportunities with FX options. View the e-Forex article >

New York, August 8, 2010 – GFI Group’s FENICS has appointed Julian Cook as Head of Quantitative Research.

In his expanded role, Mr. Cook will now be responsible for devising and executing GFI FENICS’ ongoing Maths Strategy. This will include proprietary models as well as the ongoing relationships with third-party model providers. Mr. Cook will also oversee bespoke projects for clients, ensuring that these meet GFI FENICS’ standards for performance, accuracy and transparency.

Richard Brunt, Global Head of GFI FENICS added, “Over the last few years, the size and the scope of the GFI FENICS product offering has increased dramatically with the introduction of enterprise server solutions, sales workflow functionality, and transactional capabilities. However, at the core of GFI FENICS product has always been its maths models. GFI FENICS has invested heavily in this area over the years and we continue to increase this budget to keep our models ahead of the market. The creation of this new role is a natural extension of this investment, to ensure that our models continue to be developed in a way that maintains our reputation for accuracy, openness and innovation, which helps maintain FENICS Professional™ as the market leading FXO system.” Brunt added, “Julian was the perfect candidate for this role. His experience within the GFI FENICS group and previously as a market practioner gives him unique insight that all GFI FENICS users can benefit from.”

Mr. Cook, who is based in New York, was previously Head of Development. He will report to John Molloy – Global Head of GFI FENICS Product. Mr. Cook, who has over 20 years experience in the derivatives business, began his career as a quantitative analyst and FX options trader at JP Morgan. He previously worked for GFI FENICS as a product specialist from 1994-1997 before rejoining the group as Head of Development in 2006. In between, Mr. Cook was Product Manager for FX options at FNX.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions.

GFI Group expands FX footprint in Israel

New York, May 24, 2010 – GFI Group (NASDAQ: "GFIG") announced today that Mizrahi Tefahot Bank of Israel has deployed FENICS Professional™ forpricing and risk management of its FX options business. Mizrahi Tefahot Bank, one of the leading banks in Israel in the field of FX trading, derivatives and options, has been a client of GFI FENICS^sm since 1998.

Mr. Doron Levy, Dealing Room Manager at Mizrahi Tefahot Bank of Israel said: "We highly value FENICS Professional for its robust functionality for pricing, calculation of non-linear risks, structured pricing functionality, and market data. It is a strong tool to support dealers’ portfolio management". Mr. Levy added, "We are very pleased with the new functionality that has been added to the system that is fully integrated with our back-office system. The new FENICS Enterprise module will allow our Middle Office to use FENICS Pricing via an Excel interface for internal purposes."

Richard Brunt, Head of FENICS at GFI Group commented: "The new release of FENICS Professional- version 12.1- will include functionality that has come directly from client feedback, such as the addition of sales term sheets, the ability to spread prices by counterparty and the tools to distribute retail structures directly to sales and branch networks. It is this scalability of FENICS Professional that continues to attract blue ribbon clients to the product."

The agreement includes a new commitment for 3 years.

GFI FENICS continues to expand its presence in the Israeli market where it enjoys a broad client base.

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from one single interface.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 client firms worldwide - financial institutions and corporations - with thousands of users benefiting from its solutions.

New York, May 17, 2010 - Glory Sky Group, a leading Hong Kong brokerage house, has licensed FENICS Professional™, a pricing and risk management system for foreign exchange and commodity options from GFI Group Inc. (NASDAQ: "GFIG) to help manage its rapidly expanding FX and commodities derivatives business. 

The agreement includes FENICS Pricing, Analysis, Structuring Module and Exotic Maths components. FENICS Professional allows Glory Sky to expand its business scope in the FX and commodity option trading and client distribution spaces.

Alfred Yeung, Chairman of Glory Sky Group said, "To meet our expanding FX and commodities derivatives business we need a reliable solution, so we chose FENICS Professional. The FENICS Professional package enhances our pricing and risk management capability and also helps our real-time analysis for both vanilla and exotics options." Mr. Yeung added "GFI FENICS also provides an enterprise edition, FENICS Enterprise™, which will ultimately provide a seamless solution to distribute prices to all our clients, as we continue to expand our business."

"GFI is delighted to be working with Glory Sky Group and that they have chosen to deploy FENICS Professional in Hong Kong" said Owen Kam, Head of GFI FENICS Sales for North Asia. "We are looking to further expand our footprint in Hong Kong to more clients from different sectors, such as commodities and we continue to be committed to providing scalable and customized solutions to fit our clients" needs" he further commented.

Glory Sky Group is a leading brokerage house in Hong Kong, providing multi-asset class securities and investment services to clients including financial institutions, funds, corporate and individual investors.

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from one single interface.

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 institutions worldwide with thousands of users benefiting from its solutions.

About GFI Group Inc. www.GFIgroup.com
GFI Group Inc. (NASDAQ: "GFIG") is a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of credit (fixed income), financial, equity and commodity instruments.

Fenics Software Limited is a wholly owned subsidiary of GFI Group Inc.
Headquartered in New York, GFI was founded in 1987 and employs more than 1,700 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Dubai, Dublin, Tel Aviv, Calgary, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,400 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI SM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, and Trayport®.

New York, March 23, 2010 – GFI Group (NASDAQ: “GFIG”) announced today that Hyman Beck and Company , one of the world's most diversified alternative investment managers, has licensed FENICS Professional™ for the pricing and risk management of its FX options business.  The agreement includes FENICS Pricing, Analysis, and Structuring.

James Lubin, Principal and COO of Hyman Beck said: “We are very pleased to have chosen FENICS Professional as an enhancement to our existing risk management systems.  I was greatly impressed by the flexibility of FENICS reporting and the benefit it will deliver to the current risk control processes utilized in our FX options portfolio.  GFI FENICS^SM is a brand that has been industry-recognized for many years and the ease of deployment allowed us to be up and running quickly.”

Suzanne Poulin, Head of GFI FENICS Sales for the Americas commented: “GFI has been successful in adding new clients in the investment management sector and is very happy to welcome Hyman Beck and Co. FENICS Professional encompasses all of the tools needed to manage an FX options business efficiently.”

GFI FENICS has been providing leading FX derivatives software since 1987. Its products are licensed to over 350 client firms worldwide - financial institutions and corporations - with thousands of users benefiting from its solutions.

Swiss bank expands agreement with GFI leading FX pricing and analytics system

New York, February 22, 2010 – GFI Group announced today that Luzerner Kantonalbank is deploying FENICS Professional™ which enables the bank access to FENICS® Structuring and FENICS Enterprise™.

A GFI FENICS^SM client since 2006, Luzerner Kantonalbank is extending its agreement for a further 3 years and will continue to use FENICS Professional™ for FX options price discovery, portfolio management and automated downstream STP (straight-through processing) of the bank’s back office system for bank wide risk management.

Daniel W. Bommer, Director of Forex Derivatives at Luzerner Kantonalbank, said: “We have been working with FENICS® for a number of years and we are very pleased with the product. It is a powerful and reliable tool which supports our dealing portfolio management” and added, “In addition to the already proven high functionalities of the system, we are very pleased with the new functionality that we enjoy as part of the FENICS Professional™ agreement.”

Richard Brunt, Global Head of GFI FENICS^SM stated: “We are very happy Luzerner Kantonalbank has taken our relationship to the next level and invested in FENICS Professional™ as the system of choice to develop its expanding FX option business into the future” and added, “Our business continues to grow strongly in the Swiss kantonal banking area where we are attracting new clients and where existing clients are expanding their usage of FENICS®.”

Founded in 1850, the Luzerner Kantonalbank is a traditional full-service bank with all of its liabilities covered by a state guarantee.

FENICS Professional™ is a suite of pricing, trading, risk management and STP components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from a single interface. FENICS Enterprise™ is a suite of server components, able to handle the entire lifecycle of FX derivative instruments. This open platform solution leverages clients’ existing infrastructure to deliver a variety of bespoke, mission critical, enterprise-wide solutions.

GFI FENICS has been the leading provider of FX derivatives software since 1987, with its products licensed to over 350 client firms worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.

Leading Japanese Bank deploys FENICS Professional
New York, January 25, 2010 – GFI Group Inc. (NASDAQ: “GFIG”) announced today that Mizuho Bank of Japan has deployed FENICS Professional, the market-leading FX system. The Bank has been a client of GFI FENICS since 2002.

Mr. Satoshi Ishii, Manager of Derivatives & Foreign Exchange Division said: “FENICS Professional has a large market share as a pricing tool of the FX options market and is a must for inter-bank trading. We are very pleased with the new functionality that has been added to the already proven high functionalities of the system.” “We highly value FENICS Professional for its robust functionality for pricing, calculation of non-linear risks, structured pricing functionality, and market data. It is a strong tool to support dealers’ portfolio management” he added.

Atsuo Kanazawa, Head of GFI FENICS in Japan stated: "The new release of GFI FENICS - FENICS 12.1- will include functionality that has come directly from client feedback, such as the addition of sales term sheets, the ability to spread prices by counterparty, and the tools to distribute retail structures directly to sales and branch networks. It is this scalability of FENICS Professional that continues to attract blue ribbon clients to the product.”

Richard Brunt, Global Head of GFI FENICS added, “Our business across the Asia-Pacific region continues to grow strongly as our existing clients across this part of the world continue to expand their usage and as we attract new customers through our innovative development.”

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee every aspect of FX option trading and lifecycle management from one single interface.

GFI FENICS is licensed to over 350 client firms worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.

Swiss Bank deploys GFI Group’s FENICS® Enterprise

New York, January 12, 2010 – GFI Group Inc. (NASDAQ: ‘GFIG’) announced today that Bank Julius Baer has deployed FENICS® Enterprise, the market-leading FX system.

An advanced suite of products launched in 2008, FENICS® Enterprise makes pricing of FX options and analyzing portfolios more efficient for the bank’s FX options teams across Singapore and Zurich. The robustness, flexibility and time to deployment offered by FENICS® Enterprise made the system the bank’s preferred choice.

“We are very pleased to strengthen our relationship with Julius Baer in Singapore and Zurich as they consolidate their systems globally.” said Elliott Hann, GFI FENICS^SM Head of Sales for Asia Pacific.

Richard Brunt, Global Head of GFI FENICS^SM added “We are delighted that Julius Baer has chosen FENICS® Enterprise as their system globally. Banks are continually looking to streamline their operations, empowering their sales people with cutting edge tools that allow them to price and analyze portfolios and run risk reports on the fly, with instant trade capture flowing back to their trading desk and back office systems”.

GFI FENICS^SM is licensed to over 350 client firms worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.

First Security House in Korea to take GFI Group’s market-leading FX system

New York, December 14, 2009 – GFI Group Inc. (Nasdaq: “GFIG”) announced today that Woori Investments & Securities (Woori I&S), a pioneer in the Korean domestic securities market, has licensed FENICS Professional™, a pricing and risk management system for foreign exchange options.

The agreement allows Woori I&S to use FENICS Professional for pricing, analysis and structuring of FX options, including exotic options. Woori I&S plans to expand their business scope in the FX options trading space that has traditionally been the domain for banks.

Keon-ho Kang, General Manager of Fixed Income, Currency and Commodities Derivatives Trading Department at Woori Investments said, "When starting out our FX options business, we naturally went for GFI FENICS, as there is proven credibility in their ability to provide market pricing and accurate analysis. During the trial process, I have seen for myself that FENICS Professional has enhanced product support for non-deliverable currencies such as the Korean Won.” “As an end-to-end solution, it provides the necessary tools such as a straight-through processing capability that caters for our future expansion”, he added.

“We are very pleased to welcome Woori I&S as a customer” said Elliott Hann, Head of GFI FENICS Sales for Asia Pacific “They are the first Korean securities house moving into this space and we are proud to be working with them in this initiative”.

Richard Brunt, Global Head of GFI FENICS, added "GFI FENICS continues to see strong growth in Asia from countries such as Korea, China and Taiwan. We are looking forward to expanding our presence in the region with additional hires in 2010, to ensure our growing client base will continue to receive the very best in support services”.

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to monitor and oversee every aspect of their FX option trading and lifecycle management.

GFI FENICS is licensed to over 350 clients worldwide including financial institutions and corporations, with thousands of users benefiting from its solutions.

New York, November 2nd, 2009 – GFI Group Inc. (NASDAQ: ‘GFIG’) announced today that the Bank of East Asia (BEA), the largest independent local bank in Hong Kong, has deployed Fenics® Enterprise, the market-leading FX system. Fenics® Enterprise will provide the bank with an enhanced level of technology to service their new retail dual currency investment business in Singapore and will allow it to connect its sales and trading teams while providing open analysis tools that interact with and connect to its inhouse systems seamlessly.

An advanced suite of products launched in 2008, Fenics® Enterprise makes pricing and analyzing the bank’s dual currency investment products more efficient for the bank’s options team across Hong Kong and Singapore. The flexibility and time to deployment offered by Fenics® Enterprise made the system the bank’s preferred choice.

“We are very pleased to be working with BEA in Hong Kong and Singapore and of being of assistance in their dual currency investment business” said Elliott Hann, GFI Fenics® Head of Sales for Asia Pacific. “Fenics® Enterprise opens up the core strength of Fenics® in pricing and risk management, widening exponentially the applications of this technology. In this case, Fenics® Enterprise provides sales tools for the effective governance of private wealth management products and the resulting business flows.”

Richard Brunt, Global Head of Fenics® added “We are delighted that BEA has chosen Fenics® Enterprise as their system for distribution of retail products. This is an area of the market that we expect to grow as banks continue to look to bring efficiencies to their operations, empowering their sales people with cutting edge tools that allow them to price and book yield enhancing retail products on the desktop, with instant trade capture flowing back to their trading desk and back office systems.”

A dual currency investment is an instrument that combines a money market deposit with a currency option to provide a higher yield than that available for a standard time deposit. At maturity, withdrawals can occur in either the principal deposit currency or the linked currency. Dual currency investments offer higher yields in return for the risk taken on the foreign exchange movements. Principal currency investments are also a form of dual currency investments.

GFI Fenics® is licensed to over 350 clients worldwide including financial institutions and corporations, with thousands of users benefiting from its solutions. 

Asian broker adds GFI's Exotic Math and renews agreement

New York, September 16, 2009 – GFI Group (Nasdaq: ‘GFIG’) and Nittan Capital Asia (Nittan), a leading inter-dealer broker specializing in financial derivatives between banks and authorized financial institutions worldwide, have extended their agreement for the use by Nittan of GFI FENICS FX, a pricing and risk management system for foreign exchange options. This extended agreement includes Fenics Exotic Math pricing tool.
 
FENICS Exotic Math enables Nittan to price a range of exotic option types with confidence by applying math models that are backed up by white papers and widely used in the market.
 
Denis Cheung, Managing Director at Nittan said, "We have used FENICS since 2006, and have confidence in using FENICS FX as a benchmark for FX options. The Exotic Math offering to our entire brokerage desk will allow us to price up not only vanilla, but exotic FX options effectively to our clients.
 
“We are very happy to prolong our relationship with Nittan” said Elliott Hann, Head of FENICS sales for GFI in the region “their continued use of GFI FENICS FX emphasizes the fact that FENICS FX is recognized as the preferred platform, that brokers and banks alike turn to for fast and accurate price discovery.”
 
GFI FENICS is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.

New York, August 31, 2009 –GFI Group Inc. (Nasdaq: "GFIG") and QUICK Corp. of Japan have extended their long-standing relationship whereby GFI’s FX Options market data is made available to QUICK terminal users in Japan.

GFI FX Options Volatility data licencing and distribution via QUICK terminals is extended for another two years. At the heart of this agreement is a new sales and distribution partnership between GFI and QUICK for application usage. The partnership will enable QUICK’s clients to download GFI data into their own systems, for example their risk management system, and to perform in-depth analysis using GFI’s data outside the desktop terminal for the first time.

Elliott Hann, GFI’s Head of Data Sales in Asia, stated: "We are delighted to have extended our relationship with QUICK that enables their clients in Japan to have access to our high quality price information" and added, "we have seen for some time now an increasing demand globally for GFI’s market data services to be used in off-desktop business areas such as risk management, pricing and valuations The new aspect of this agreement will allow QUICK’s clients in Japan to benefit from this demand".

Yasunori Hanamiya, Executive General Manager of QUICK Corp. said, "QUICK Corp. is also pleased to enter into a new agreement with GFI, which opens the way for our customers to use GFI market data outside of the QUICK terminal and allow them more flexibility. We believe this will certainly help us to catch up with increasingly diversified requirement of our clients today.

QUICK Corp. is the principal Japanese financial information vendor and a financial information provider in the Nikkei Group. It supplies information to customers in the securities and financial markets. Their service offer includes Japanese, Asian and Global real-time financial information, as well as news and historical information.

The new agreement becomes effective October 1st, 2009

New York, 16 June 2009 – GFI Group (Nasdaq: 'GFIG') announced today that the Commonwealth Bank of Australia (CBA) has deployed GFI FENICS® Enterprise Edition from GFI Group, Inc. FENICS® Enterprise is the market-leading FX system which provides CBA with expanded level of technology to service their options business.

FENICS® Enterprise Edition, an advanced suite of products launched in 2008, allows CBA to embed FENICS® into their own customized spreadsheets and web UI’s (user interface). This makes pricing and analyzing options more efficient through a tailored front end for the CBA options team based on a combination of FENICS® and CBA Math models.

Ben McMillan, Global Head of FX at CBA said, "We have found the flexibility offered by FENICS® Enterprise to be key in enhancing our operations". "We opted for FENICS® Enterprise as it provides us with open analysis tools that interact with and connect to our in house systems and models seamlessly", he added.

"We are very pleased to provide FENICS® Enterprise for CBA in Sydney as well as across their branches in Asia, Europe and the Americas" said Elliott Hann, GFI FENICS® Head of Sales for Asia Pacific. "FENICS® Enterprise opens a myriad of potential applications not only for our immediate clients but also to their own customers; we are excited about the potential of this product"

GFI FENICS® FX is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.

Leading options market-maker chooses market-leading system for FX Options Desk

New York, June 8th 2009 – New York’s LaBranche Structured Products LLC has licensed FENICS® FX Pricing and Analysis from GFI Group, Inc. (Nasdaq: GFIG) for use on LaBranche’s FX Option Desk in New York City.

Andrew Dexter, head of FX Options at LaBranche said, "We evaluated multiple systems for FX Options pricing, risk management, and transaction processing and believe that FENICS® is the best system available for us. The FENICS® customer support team provides fantastic training and ongoing support to help us get the most out of FENICS® and be more efficient."

"FENICS® has seen tremendous success over the last year adding new clients in a range of market segments; it continues to prove itself as the market standard in FX Options", said Richard Brunt, Global Head of FENICS® & Market Data Services at GFI, "We are delighted that LaBranche has selected FENICS®."

FENICS® FX is a powerful front, middle and back office platform for pricing, analyzing, and managing FX options. An end-to-end solution, it provides all the necessary tools, math models and independent market data for fast, accurate price discovery and revaluation of vanilla options and exotic multi-leg, multi-currency strategies.

The platform is licensed to over 350 clients worldwide, financial institutions and corporations, with thousands of users benefiting from its solutions.