Author: gfigroup

New York, September 7, 2011 – GFI Group Inc.(NYSE: “GFIG”) a leading provider of wholesale brokerage, clearing services, electronic execution and trading support products for global financial markets announced today it has conducted the first electronic matching of US Dollar (USD) Interest Rate Spread Options.

This new offering follows the successful launch of Euro Interest Rate Spread Options matching during the first quarter of the year which, to date, has traded in excess of £10 billion notional amount.

Matt Woodhams, GFI Group Head of Ecommerce stated: “We decided to launch matching of USD interest rate spread options after the success of our matching service for Euro spread options, which has traded in excess of £10 billion notional amount since its introduction”.

Woodhams added: “Our brokers have played an important role in making these matching sessions a success. They have worked closely with their clients offering them their expertise alongside our latest trading technology. Our new product has been very well accepted by our clients as it provides them with an additional seamless and efficient trading option”.

GFI Group is a leader at offering innovative electronic trading solutions that include auctions, matching and hybrid eTrading, on a variety of different asset classes that offer customers a greater choice in their method of execution and enhanced liquidity. Matching is offered globally by GFI on a multitude of products ranging from USD interest rate spread options to Japan single stock options.

Matching is a process run on various GFI electronic trading platforms which allows traders to anonymously contribute and trade at pre-defined levels on specific contracts during periodic sessions. Sessions are carried out during set times in the day and have short focused durations, typically ranging between 3 to 5 minutes.  GFI’s proprietary matching technology helps create concentrated and deep liquidity pools that facilitate large volume trades to be transacted at pre-defined levels.

GFI conducts Matching processes for multiple products on its electronic trading platforms: CreditMatch®, GFI ForexMatch® and EnergyMatch®.
CreditMatch® is GFI’s electronic trading platform for fixed income derivatives and bonds. It forms a key part of GFI’s hybrid brokerage model, serving the market from its operations in New York, London, Sydney, Tokyo, Singapore and Hong Kong and working alongside GFI’s brokers from each of these offices. CreditMatch® displays fixed income derivative and bond prices together on the same screen.
GFI ForexMatch® is GFI’s electronic system for FX derivatives trading. It supports GFI’s hybrid brokerage model, combining traditional voice brokerage services with sophisticated electronic trading technology. GFI ForexMatch® enhances price discovery and increases efficiency by enabling full electronic trade execution and processing of FX instruments.

EnergyMatch® is the next generation electronic OTC energy marketplace combining the liquidity pools of multiple brokerage firms, electronic trading participants along with multiple clearing options in an open access web based platform.  EnergyMatch® brings together buyers and sellers of derivative and physical commodities contracts

About GFI Group Inc.

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage services, clearing services, 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 fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 2,000 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,600 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

New York, August 23, 2011 – GFI Group Inc. (NYSE: “GFIG”) announced today that it has launched and successfully traded a number of Iron Ore Swap TSI 62% products on  EnergyMatch® Europe, GFI’s leading electronic trading platform for energy and commodities.

EnergyMatch Europe is the market leader for the trading of Dry Freight forward freight agreements ‘FFAs’.  In addition to Iron Ore Swaps, clients can electronically trade Dry Freight FFAs, UK and European power and gas, coal, fuel oil, emissions and wet freight FFAs.   

Dorian Benson, Head of GFI Dry Freight Group said: “Iron Ore Swaps is another example of our focus on adding new products to EnergyMatch.  Our aim is to help our customers take advantage of the trading and execution opportunities available in the dry FFA markets by offering new products and by creating liquidity.  Last week, for example, we introduced matching of FFAs which enables traders to anonymously contribute and trade at mid-market levels on specific contracts during set times in the trading day.  We look forward to making further announcements as we continue expand our offerings.”  

EnergyMatch Europe allows for trading in co-mingled markets (co-mingling is the ability to clear trades with different clearing houses) and provides customers with the choice of CCP (Central Counter Party Clearing House) for clearing.

EnergyMatch Europe is based on Trayport technology, Europe’s premier platform for Energy and Commodity trading.

About GFI Group Inc.

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage services, clearing services, 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 fixed income, financial, equity and commodity instruments.

Trayport Ltd. Is a subsidiary of GFI Group Inc.

Headquartered in New York, GFI was founded in 1987 and employs more than 2,000 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,600 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

New York, August 9, 2011 – GFI Group Inc. (NYSE: “GFIG”) announced today that it has conducted the first matching* of dry freight forward freight agreements “FFAs” trades on its premier electronic platform EnergyMatch® Europe.

EnergyMatch Europe is GFI Group’s leading electronic trading platform for energy and commodities and the market leader for the trading of Dry Freight FFAs. The screen allows for trading in co-mingled markets (co-mingling is the ability to clear trades with different clearing houses) and provides customers with the choice of CCP (Central Counter Party Clearing House) for clearing.

Along with Dry Freight FFAs, UK and European power and gas, coal, fuel oil, emissions and wet freight FFAs can be traded electronically on EnergyMatch Europe. Iron ore will be added to the offering imminently.

Dorian Benson, Head of GFI Dry Freight Group said: “We are continuing to seek fresh and innovative tools for the dry FFA markets to enable customers alternative and efficient trading opportunities and execution. The introduction of co-mingling, JTT and Matching builds upon the great success that we have enjoyed on our screen release over the past few years and is indicative of GFI’s hybrid broking model. We believe that this should allow us to remain at the forefront of the electronic market within freight”.

GFI Dry Freight offers its clients alternatives in their method of execution: voice brokered, hybrid (voice & electronic) and fully electronic via matching and Join-the-Trade “JTT”**.

*Matching is a process run on various GFI electronic trading platforms which allows traders to anonymously contribute and trade at mid-market levels on specific contracts during periodic sessions. Sessions are carried out during set times in the day and have short durations of a few minutes. GFI Matching sessions help create concentrated and deep liquidity pools that allow large volume trades to be transacted at mid-market levels.

**JTT is a workup functionality that allows market participants to anonymously trade large volumes for a pre-defined period of time, at the prevailing market price without the risk of distorting the market. GFI introduced Join-the-Trade for the UK Gas market and for Dry Freight in November 2010.

About GFI Group Inc.

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage services, clearing services, 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 fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 2,000 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,600 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

NEW YORK,  July 28, 2011 /PRNewswire/ — GFI Group Inc. (NYSE: GFIG), a leading provider of wholesale brokerage services, clearing services, electronic execution and trading support products for global financial markets, reported today its financial results for the second quarter ended June 30, 2011.

Highlights

• GAAP net revenues were $210.3 million for the second quarter of 2011, an increase of 4.1% from $201.9 million in the second quarter of 2010.  On a non-GAAP basis, net revenues increased 5.6% to $212.0 million from $200.8 million in the second quarter of 2010.  
• Brokerage revenues for the second quarter of 2011 were $191.0 million compared with $194.2 million in the second quarter of 2010, a decrease of 1.6%.  
• Compensation and employee benefits expense in the second quarter of 2011 was 69.8% and 69.3% of net revenues on a GAAP and non-GAAP basis, respectively. This compares with 69.9% and 70.3% of net revenues on a GAAP and non-GAAP basis, respectively, in the second quarter of 2010.  
• Non-compensation expenses were 26.4% of net revenues on a GAAP basis and 25.2% on a non-GAAP basis in the second quarter of 2011.  This compares with 23.0% of net revenues on a GAAP basis and 21.5% on a non-GAAP basis in the second quarter of 2010.
• GAAP Net income for the second quarter of 2011 was $6.2 million, or $0.05 per diluted share, compared with $10.4 million, or $0.08 per diluted share, in the second quarter of 2010.  On a non-GAAP basis, net income was $8.7 million, or $0.07 per diluted share, for the second quarter of 2011, compared with $12.0 million, or $0.10 per diluted share, in the second quarter of 2010.
• For the six months ended June 30, 2011, GAAP net revenues were $437.7 million, up 5.4%, compared with $415.4 million for the same period in 2010.  Net income on a GAAP basis for the first half of 2011 was $12.9 million or $0.10 per diluted share compared to $23.8 million or $0.19 per diluted share in the first half of 2010.  On a non-GAAP basis, net revenues for the six months ended June 30, 2011 were $446.5 million, up 7.7%, compared with $414.4 million in the same period in 2010, while net income for the first half of 2011 was $22.4 million or $0.18 per diluted share compared with $26.3 million or $0.21 per diluted share in 2010.

Michael Gooch, Chairman and Chief Executive Officer of GFI, commented: “The quarter ended strongly with brokerage revenues up 18% in June year over year, offsetting a slow start to the quarter.  Net revenues were up 5.6% on a non-GAAP basis in the second quarter of 2011 year over year, due to growth in software, analytics and market data revenues, as well as the addition of Kyte.

“The largest positive contributor to brokerage revenues in the second quarter came from emerging markets in Latin America, Eastern Europe and Asia, which drove a 26.8% increase in financial product revenues over the second quarter of 2010.  Equity, commodity and fixed income product revenues were down 5.1%, 7.6% and 12.5%, respectively, in the second quarter of 2011 year over year.

“Compensation and employee benefits expense was up from the second quarter of 2010, but showed improvement as a percentage of net revenues on a GAAP and a non-GAAP basis.  Non-compensation expenses were also higher than the second quarter of 2010, due to a number of factors, including higher travel and promotion expenses, professional fees, technology investment, data and communication costs, and expenses incurred by Kyte.  However, non-compensation expenses were down slightly in the second quarter of 2011 on a non-GAAP basis compared to the first quarter of 2011.

“Looking at the third quarter of 2011 to date, our preliminary brokerage revenues for July are tracking up 11% compared with brokerage revenues for the same month last year.  This July performance follows an active June, which was our best month in the second quarter.  We believe that markets will remain active in the latter half of 2011.  Additionally, our software, analytics and market data revenues for the third quarter are tracking up 22% compared to the same period last year.  

“We continue to work with regulators in the U.S. and Europe as OTC derivative market rules are developed that will define certain aspects of how our business is conducted in the future.  We believe that the final rules will promote enhanced regulatory transparency, centralized clearing and efficient execution; all factors that we believe will benefit and eventually grow the global derivative markets.  We also continue to invest in our technology and infrastructure to allow for a seamless transition to the new market landscape post-regulation.

“In July, we completed an offering of $250 million of 8.375% senior notes that mature in 2018.  The proceeds from the offering were used to pay down our existing credit facility and our senior notes that were due in 2013.  The offering will also provide us with additional capital for acquisitions and other corporate purposes.  

Mr. Gooch concluded:  “We are pleased to declare a quarterly cash dividend of $0.05 per share to our shareholders.”

Revenues

Total revenues were $243.7 million and $245.5 million on a GAAP and non-GAAP basis, respectively, in the second quarter of 2011, as compared with $209.5 million and $208.4 million on a GAAP and non-GAAP basis in the second quarter of 2010.  Net revenues were $210.3 million and $212.0 million on a GAAP and non-GAAP basis, respectively, in the second quarter of 2011, as compared with $201.9 million and $200.8 million on a GAAP and non-GAAP basis in the second quarter of 2010.  Non-GAAP net revenues in the second quarter of 2011 excluded a $1.5 million mark-to-market loss on forward hedges of future foreign currency revenues, a $0.8 million loss related to a future purchase commitment and a gain of $0.6 million related to the recovery of certain previously reserved balances.  

Brokerage revenues in the second quarter of 2011 were $191.0 million compared with $194.2 million in the second quarter of 2010.  By geographic region, brokerage revenues for the second quarter of 2011 increased 10.0% in Asia-Pacific and 4.3% in the Americas, while decreasing 8.2% in Europe, the Middle East and Africa, compared with the second quarter of 2010.  

Revenues from trading software, analytics and market data products for the second quarter of 2011 were $18.4 million, up 26.8% from the second quarter of 2010.  Our Trayport subsidiary’s software revenues grew 39.1% year over year due to continued growth from new and existing customers, as well as from new products.  

Expenses

For the second quarter of 2011, compensation and employee benefits expense was $146.8 million on a GAAP and non-GAAP basis. This compares with $141.1 million on a GAAP and non-GAAP basis in the second quarter of 2010.  Compensation and employee benefits expense decreased to 69.8% and 69.3% of net revenues on a GAAP and non-GAAP basis, respectively, in the second quarter of 2011 from 69.9% and 70.3% of net revenues on a GAAP and non-GAAP basis in 2010.  

On a GAAP basis, non-compensation expenses for the second quarter of 2011 were $55.6 million or 26.4% of net revenues, compared with $46.5 million, or 23.0% of net revenues, in the second quarter of 2010.  On a non-GAAP basis, non-compensation expenses for the second quarter of 2011 were $53.5 million, or 25.2% of net revenues, compared with $43.2 million, or 21.5% of net revenues, in the second quarter of 2010.

The effective tax rate for the six months ended June 30, 2011 was 26.0% on a GAAP basis and 28.5% on a non-GAAP basis, as compared with 31.0% on both a GAAP and a non-GAAP basis in the first half of 2010.

Earnings

Net income on a GAAP basis for the second quarter of 2011 was $6.2 million, or $0.05 per diluted share, compared with net income of $10.4 million, or $0.08 per diluted share, in the second quarter of 2010.  On a non-GAAP basis, net income for the second quarter of 2011 was $8.7 million, or $0.07 per diluted share, compared with $12.0 million, or $0.10 per diluted share, for the second quarter of 2010.

Six Month Results

Net revenues for the six months ended June 30, 2011 were $437.7 million on a GAAP basis, compared to net revenues of $415.4 million for the six months ended June 30, 2010.  Net income was $12.9 million, or $0.10 per diluted share, for the six months ended June 30, 2011 compared with net income of $23.8 million, or $0.19 per diluted share, for the same period in 2010.

On a non-GAAP basis, net revenues for the six months ended June 30, 2011 were $446.5 million compared to $414.4 million for the same period in 2010.  Net income was $22.4 million, or $0.18 per diluted share, for the six months ended June 30, 2011 compared with net income of $26.3 million, or $0.21 per diluted share, for the first six months of 2010.

Non-GAAP Financial Measures

To supplement GFI’s unaudited financial statements presented in accordance with GAAP, the Company uses certain non-GAAP measures of financial performance.  The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies.  In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company’s results of operations as determined in accordance with GAAP.  The non-GAAP financial measures used by GFI include non-GAAP total revenues, non-GAAP net revenues, non-GAAP net income, non-GAAP diluted earnings per share and adjusted EBITDA. These non-GAAP financial measures currently exclude amortization of acquired intangibles and certain other items that management views as non-operating or non-recurring from the Company’s statement of income as detailed in the reconciliation included in the financial tables attached to this release.

In addition, GFI may consider whether other significant non-operating or non-recurring items that arise in the future should also be excluded in calculating the non-GAAP financial measures it uses.  The non-GAAP financial measures also take into account income tax adjustments with respect to the excluded items.

GFI believes that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding the Company’s performance by excluding certain items that may not be indicative of the Company’s core business, operating results or future outlook.  GFI’s management uses, and believes that investors benefit from referring to these non-GAAP financial measures in assessing the Company’s operating results, as well as when planning, forecasting and analyzing future periods.  These non-GAAP financial measures also facilitate comparisons of the Company’s performance to prior periods.

In addition to the reasons stated above, which are generally applicable to each of the items GFI excludes from its non-GAAP financial measures, the Company believes it is appropriate to exclude amortization of acquired intangibles because when analyzing the operating performance of an acquired business, GFI’s management focuses on the total return provided by the investment (i.e., operating profit generated from the acquired entity as compared to the purchase price paid) without taking into consideration any charges for allocations made for accounting purposes.  Further, because the purchase price for an acquisition necessarily reflects the accounting value assigned to intangible assets, when analyzing the operating performance of an acquisition in subsequent periods, the Company’s management excludes the GAAP impact of acquired intangible assets on its financial results.  GFI believes that such an approach is useful in understanding the long-term return provided by an acquisition and that investors benefit from a supplemental non-GAAP financial measure that excludes the accounting expense associated with acquired intangible assets.

A reconciliation of the non-GAAP amounts to GAAP amounts is included in the financial tables attached to this release.

Dividend Declaration

The Board of Directors of GFI Group has declared a quarterly cash dividend of $0.05 per share payable on August 31, 2011 to shareholders of record on August 17, 2011.

Conference Call

GFI has scheduled an investor conference call to discuss its second quarter results at 8:30 a.m. (Eastern Time) on Friday, July 29, 2011. Those wishing to listen to the live conference call via telephone should dial 1-800-860-2442 in North America and +1-412-858-4600 in Europe, and ask for “GFI”.

A live audio web cast of the conference call will be available on the Investor Relations section of GFI’s Website. For web cast registration information, please visit: http://www.gfigroup.com. Following the conference call, an archived recording will be available at the same site.

Supplementary Financial Information

GFI Group has posted details of its historical monthly brokerage revenues on the Investor Relations page of its web site under the heading Supplementary Financial Information. The Company currently plans to post this information quarterly in conjunction with its announcement of earnings, but does not undertake a responsibility to continue to provide or update such information.

About GFI Group Inc.

GFI Group Inc. (NYSE: GFIG) is a leading provider of wholesale brokerage services, clearing services, 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 fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 2,000 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Englewood (NJ) and Sugar Land (TX). GFI Group Inc. provides services and products to over 2,600 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®, Trayport® and Kyte®.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

– FINANCIAL TABLES FOLLOW –    

=IR=

SOURCE GFI Group Inc.

New York, July 6, 2011 – GFI Market Data, a division of GFI Group Inc., announced today that it has entered into an agreement with ENER-G Procurement Ltd, a specialist consultancy in energy purchase and management, to provide its European power and gas market data. GFI will supply ENER-G Procurement with historical data as well as streaming updates.

Satish Pandey, ENER-G Procurement’s Head of Strategy & Risk Management said: “A leading broker like GFI offers a great deal of liquidity on the range of prices on the forward curve and this offers us greater confidence in our knowledge of the current state of the market. This knowledge helps us to better manage our supplier and client relationships” and added, “Accessing pricing is important but it is key that the liquidity behind those prices comes from a leading energy broker like GFI“.

Shai Popat, Head of European Sales at GFI Market Data commented: “We are delighted to have ENER-G Procurement as a client. It is pleasing to see a leading procurement company turning to GFI for an independent and comprehensive view of the energy markets. Our energy brokers are world class as is EnergyMatch®, our electronic trading platform and sourcing the pricing directly from this platform makes our market data of the highest quality.”

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

ENER-G Procurement Ltd is a consulting firm that works with companies from a wide range of sectors to develop optimum purchasing strategies. As an independent broker of electricity and natural gas, the company uses its purchasing expertise and market knowledge to secure the best procurement terms possible, while providing specialist services to manage an energy portfolio.

About GFI Market Data
GFI is uniquely positioned to provide the capital markets with specific suites of data. GFI Market Data refers to actual market prices and trade information, reflecting real market sentiment not just indications gleaned through consensus pricing. GFI Market Data’s product suite includes CDS, bonds, FX options, equities, interest rates and energy and commodities data.

GFI Market Data is the brand under which Fenics Software Limited operates its market data business.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, clearing services, 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 fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,900 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogotá, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, 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 GFISM, GFInet®, CreditMatch®, GFI ForexMatch®, EnergyMatch®, FENICS®, Starsupply®, Amerex®, Trayport® and Kyte®.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
[email protected]

New York, June 20, 2011 – GFI FENICS^SM, 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.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, clearing services, 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 fixed income, financial, equity and commodity instruments.

Fenics Software Limited is a subsidiary of GFI Group Inc.

Headquartered in New York, GFI was founded in 1987 and employs more than 2,000 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogotá, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, 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®, Trayport® and Kyte®.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
[email protected] 

New York, June 14th, 2011 – GFI FENICS^SM announced 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.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, clearing services, 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 fixed income, financial, equity and commodity instruments.

Fenics Software Limited is a subsidiary of GFI Group Inc.

Headquartered in New York, GFI was founded in 1987 and employs more than 2,000 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogotá, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, 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®, Trayport® and Kyte®.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For any queries or additional information please contact:

Patricia Gutierrez

Vice President – Public Relations

GFI Group Inc.

55 Water Street, 28th Floor

New York, NY 10041

Tel: (212) 968 2964

Mob: (646) 717 4379

[email protected]

New York, May 17, 2011 – GFI Group, Inc (NYSE: “GFIG”) a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, has been ranked 2011 No.1 overall inter-dealer broker in the credit category by Credit magazine.

The rankings are based on a poll of European credit traders actively trading fixed income with inter-dealer brokers as counterparties. Respondents were asked to vote across five categories: investment grade, high yield cash and CDS and index trading. GFI Group was voted number 1 in three out of 5 categories.

Colin Heffron, President of GFI Group said, “Over the last couple of years the credit markets have been extremely challenging. To be recognized as a consistent number one during this period is very gratifying,” and added, “I believe the continued integration of our cash and derivatives businesses has been a key to our success.”

Voters clearly stated the Group’s strength as a source of liquidity amongst other driving factors when evaluating GFI Group.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, clearing services, 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 fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,900 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogot?, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, 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®, Trayport® and Kyte®.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
[email protected]
 

New York, May 10, 2011 ? GFI Group Inc. (NYSE: “GFIG”) today announced the launch of its Short Term Interest Rate Futures and Options desk*. The new desk will execute a variety of contracts including Eurodollar Futures and Options, US Treasury Futures and Options, 30 Day Fed Funds and the execution of UK and European short and long end derivatives.

The new desk, with operations in Chicago and New York will be run by John Wagner and Simon Gittins. The group has a combined experience of over 50 years in brokering Eurodollar and Treasury futures and options.

The Chicago team will be led by John Wagner. John will be joined by Robert Smearman. The team will be located directly on the floor of the Chicago Mercantile Exchange. John has participated in Eurodollar markets for the past 25 years spending the majority as an independent pit broker (WGZ) covering a diverse client base. Prior to joining GFI, Robert Smearman worked for First Boston, Credit Suisse and NewEdge Group where he covered swap/swaption trading desks as well as several premier hedge funds. 

The New York operation is to be run by Simon Gittins. Simon joins GFI from Mako Financial Markets LLC, where he was running the New York Sales trading team executing equity, commodity and fixed income derivatives.

Richard Giles, Managing Director at GFI Group and Head of Energy and Commodities Brokerage in North America said:” We are very happy to have John, Simon and Bob join us in developing our listed fixed income business. We are confident their experience and knowledge of these markets will enable us to provide a unique and specialized service to our customers.”

John Wagner, head of the Chicago team stated: “We are excited to join GFI and to have such an excellent opportunity within this highly competitive space. We will provide our clients with floor sentiment, market trends and relative values,  key data sets that will be used with integrity in the process of efficient price discovery.” 

Simon Gittins, head of the New York team commented: “This is a unique opportunity for us. Joining GFI we allow us to provide real value added to our client base. Together with the Chicago team, we will offer our clients our experience, our insights and our ability to maximize opportunities when they arise”. 

The new desk will offer its clients a customized service that will include idea generation, short, medium, long-term strategy recommendations and technical analysis support.   

*The StiRs desk conducts business through GFI Securities LLC a subsidiary of GFI Group Inc.

About GFI Group Inc. www.GFIgroup.com

GFI Group Inc. (NYSE: “GFIG”) is a leading provider of wholesale brokerage, clearing services, 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 fixed income, financial, equity and commodity instruments.

Headquartered in New York, GFI was founded in 1987 and employs more than 1,900 people with additional offices in London, Paris, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogot?, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, 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?, Trayport? and Kyte?.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “might,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the “Company”) and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company’s brokerage services; competition from current and new competitors; the Company’s ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company’s ability to identify and develop new products and markets; changes in laws and regulations governing the Company’s business and operations or permissible activities; the Company’s ability to manage its international operations; financial difficulties experienced by the Company’s customers or key participants in the markets in which the Company focuses its brokerage services; the Company’s ability to keep up with technological changes; uncertainties relating to litigation and the Company’s ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company’s financial and other results is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY 10041
Tel: (212) 968 2964
Mob: (646) 717 4379
[email protected]