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.