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.