New York, May 9, 2012 – GFI Group announced today the release of FENICS Professional™ version 12.2, a new generation of the award winning FX option platform which brings together pricing, distribution, bilateral trading and risk management capabilities for FX options.

FENICS Professional 12.2 focuses on expanding the functionality in FENICS? Sales and includes a Trade Strategy Wizard that helps sales teams select the optimal product based on the client’s needs from the institution’s list of approved products to offer their clients.

Richard Brunt, Global Head of GFI FENICS® said: “This latest release includes new functionality that has been designed in close collaboration with our current clients”

Brunt continues, “As our clients rolled out FENICS Sales to more generalist sales teams, they asked us to add a customizable sales wizard to assist users in finding the right product for their client through a series of intuitive questions.”

The new functionality is a natural extension of the FENICS Sales module. This module, launched in 2011, includes tools for volatility tiering (by counterparty), internal RFQ, bespoke termsheets and mirror ticketing. The Trade Strategy Wizard offers multilingual front end, bespoke workflow logic and full security functionality to control individual user access.

FENICS Professional is a suite of pricing, trading, risk management and STP (straight-through processing) components allowing customers to control, monitor and oversee a comprehensive range of FX option trading and lifecycle management from one single interface.  The new generation FENICS Professional 12.2 includes other enhancements including improved deployment solutions, additional customizable alerts to internal RFQ (Sales to Trading), additional editing functionality to structures and an enhanced GFI FX option volatility market data feed covering over 110 currency pairs.

GFI FENICS, which celebrates its 25^th anniversary this year, 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.

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.

GFI FENICS is a division of Fenics Software Limited. Fenics Software Limited is a subsidiary of GFI Group Inc.

Headquartered in New York, GFI was founded in 1987 and employs more than 2,100 people with additional offices in London, Paris, Nyon, Hong Kong, Seoul, Tokyo, Singapore, Sydney, Cape Town, Santiago, Bogota, Buenos Aires, Dubai, Dublin, Tel Aviv, 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.

For any queries or additional information please contact:

Patricia Gutierrez
Vice President – Public Relations
GFI Group Inc.
55 Water Street, 28th Floor
New York, NY10041
Tel: (212) 968 2964
Mob: (646) 717 4379
patricia.gutierrez@gfigroup.com