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GFI Group's J. Christopher Giancarlo to Appear Before U.S. House Financial Services Committee to Discuss the Regulatory, Economic and Market Implications of the Dodd-Frank Act

NEW YORK, NY, Feb 14, 2011 (MARKETWIRE via COMTEX) --

GFI Group Inc. (NYSE: GFIG), announced that GFI Group Executive Vice President, J. Christopher Giancarlo, will appear before the U.S. House Financial Services Committee February 15 at 10:00 a.m. Eastern time to discuss his perspective on the regulatory, economic and market implications of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Christopher Giancarlo said, "Wholesale brokers are experts in fostering liquidity and transparency in global swaps markets and are the prototype of competing swap execution facilities or 'SEFs.' It is critical that regulators gain a thorough understanding of the many modes of swaps trade execution currently deployed by wholesale brokers and accommodate those methods and trading practices in their SEF rulemaking.

"I am optimistic that, if US regulators are given adequate time and resources to craft SEF rules that are properly tailored to the existing trading methods in the swaps markets, the result will be shorter and more effective implementation. The goal is to provide institutional traders and corporate users of swaps with the optimal balance of competitive pricing, increased transparency and deeper trading liquidity for their risk management needs while enhancing the safety and soundness of US financial markets."

A webcast of Mr. Giancarlo's testimony will be posted on GFI Group Inc.'s website at 10:00 a.m. It can be accessed at www.gfigroup.com.

About GFI Group Inc.

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, Dubai, Dublin, Tel Aviv, Calgary, Los Angeles, Bogota, 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(R), CreditMatch(R), GFI ForexMatch(R), EnergyMatch(R), FENICS(R), Starsupply(R), Amerex(R), Trayport(R) and Kyte(R).

Forward-looking statements

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.

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Investor Relations Contact:

GFI Group Inc.
J. Christopher Giancarlo
Executive Vice President - Corporate Development
Email Contact

Chris Ann Casaburri
Investor Relations Manager
212-968-4167
Email Contact

Media Contact:

GFI Group Inc.
Patricia Gutierrez
Vice President Public Relations
212-968-2964
Email Contact


SOURCE: GFI Group

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