New York, March 10, 2010 – GFI Group Inc. (NASDAQ: “GFIG”) announced today the launch of the GFI Tax Receivables Desk, providing brokerage services in the secondary market for all forms of tax receivables.

The Tax Receivables Desk offers its clients a valuable new product. The desk provides tax lien investors with crucial liquidity enhancement through in-depth market knowledge, access to a range of potential counterparties and singular focus on efficient execution. GFI is helping to develop the secondary market for trading of tax receivables by providing efficient price discovery and execution, thus offering investors a unique opportunity to trade this asset class. 

The new group will be headed by Thomas R McOsker and Howard C Liggett who have a combined experience of over 38 years in the field, and in-depth knowledge of the complex tax lien receivables market. Mr. Liggett currently serves as Executive Director for the National Tax Lien Association.

Ron Levi, Chief Operating Officer of GFI Group said: “We believe our new Tax Receivables Desk will fill a much needed gap in the development of the tax lien receivables market. GFI’s technology will enable us to introduce a hybrid (voice and electronic broking) model which will provide structure to the fragmented secondary market” and added, “We firmly believe that GFI is uniquely positioned to enhance liquidity in the $100 billion tax receivables marketplace by leveraging our successes in other illiquid asset and derivative spaces.”

Tax receivables financing is one of the oldest financing models in America.  To date, there is no liquid secondary marketplace for institutional clients. Currently, 28 states, the District of Columbia and 2 territories participate in some form of tax receivable financing.

The GFI Tax Receivables Desk applies specific market knowledge to locate bids and offers and aggregates pools of liquidity. The desk will provide brokerage services to all forms of tax lien investors; including global financial institutions, hedge funds, private equity firms, regional lien pools, venture capital investors, local and state taxing authorities, corporations and family offices.

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, financial, equity and commodity instruments. 
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 2,100 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®. 
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; and uncertainties relating to litigation. 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.

Disclaimer
This summary does not constitute an offering of securities, tax liens, tax deeds, or other products. The services described herein are provided by GFI Brokers LLC, a wholly owned subsidiary of GFI Group Inc.( together with its affiliates, “GFI”)  In providing such services, GFI acts solely as a name give-up broker, and at no time assumes principal positions in any trade. Any parties to a transaction will be wholly responsible for the settlement of each transaction and will not rely on GFI for the settlement of each transaction. Confirmations should be checked and matched with trades as soon as is possible but no later than 24 hours after each trade.  GFI will not be held liable for trade differences that arise as a result of confirmations not being checked promptly upon receipt of such confirmation.

GFI and its employees are not in the business of providing tax or legal advice and do not provide any such advice to any person outside of GFI.  This promotion is not intended or written to be used, and cannot be used or relied upon, for the purpose of avoiding tax penalties.  You should seek advice based on your particular circumstances from an independent tax advisor.

The lien or tax certificate is a lien for the taxes due only. The lien or tax certificate does not transfer title to the parcel upon which the lien was purchased or assigned. Due diligence or pre-purchase research is advised to identify any other liens, which may apply against the property. A lien does not allow for trespass upon the property or right of eviction proceedings against the delinquent property owner if occupied. Tax lien purchase does not allow for initiating demolition or making improvements on the property. Federal bankruptcy filed against a property will freeze all activity including redemption on the parcel(s) involved. Funds invested cannot be refunded until the bankruptcy is released. Payment of interest on tax liens against properties in a bankruptcy can and will be determined by the federal bankruptcy court. Caveat Emptor “Let the buyer beware” applies in all tax lien, tax certificate and tax deed foreclosure transactions.