GFI Group Appoints Jerry Dobner to be Chief Technology Officer

NEW YORK, Oct. 13, 2011 /PRNewswire/ -- GFI Group Inc. (NYSE: GFIG) a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, announced today that it has appointed Jerry Dobner to be its Chief Technology Officer.

Mr. Dobner will be responsible for developing the firm's technology and for overseeing all technology investments in all of the GFI Group companies. In his new position Mr. Dobner will report to Colin Heffron, GFI's President.

Jerry Dobner has been at GFI for ten years and was GFI's former Head of Development and Ecommerce and prior to that managed the development of EnergyMatch, the firm's electronic trading platform in the United States for energy and commodities.

Mr. Heffron welcomed Mr. Dobner to his new position and said: "Technology is a critical component of our business. We are early developers of technology and have invested significantly since the inception of our company. Jerry with his wealth of knowledge and experience will be a great contributor to the further development of our technology in all our different businesses."

GFI operates several electronic trading platforms: CreditMatch®, GFI ForexMatch® and EnergyMatch® and EnergyMatch® Europe.

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

EnergyMatch® Europe is GFI's online energy trading platform for European markets. it offers live trading capacity on European exchanges via Endex, EEX, Powernext and the Intercontinental Exchange (ICE).GFI EnergyMatch® Europe enables efficient price discovery and trade input, displaying firm, tradable prices, updated by both clients and GFI. It covers electricity, CO2, freight, coal and European emissions.

GFI FENICS is a leading provider of FX derivatives software. It provides 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.

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.

SOURCE GFI Group Inc.

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