GFI Opens Seoul Office

GFI Opens Seoul Office

March 08, 2007

Leading Inter-Dealer Broker Expands in Asia

    LONDON, March 8 /Xinhua-PRNewswire/ -- GFI Group
(Nasdaq: GFIG) has opened an office in Seoul. It will
operate as GFI Korea Money Brokerage Ltd, broking Korean
interest rate swaps and Korean deliverable forwards and
non-deliverable forwards. 

    The office will be headed by Elisha Choi, a senior GFI
broker. Mrs Choi moves to Korea from GFI's Singapore
office, where she has been in charge of GFI's Korean desks
for the past two years.  Mrs Choi will report to Jurgen
Breuer, GFI's senior managing director, Asia, and will
manage GFI's 18 broking, technology and other support staff
in Seoul.

    "GFI is continually looking to apply its brokering
and technology expertise to new opportunities in Asia and we
have been focusing on Korea for some time," said Mr
Breuer. "GFI is proud to have been granted the
brokering license as part of the financial market reforms
in Korea and we have moved extremely fast to get all our
Korean operations onshore."

    Mr Breuer added that GFI was planning to add further
products in Korea such as credit derivatives and equity
options. 

    About GFI Group Inc. www.GFIgroup.com 

    GFI Group Inc. ( http://www.GFIgroup.com ) is a leading
inter-dealer broker specializing in over-the-counter
derivatives products and related securities. GFI Group Inc.
provides brokerage services, market data 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 1,400 people with additional offices in
London, Paris, Hong Kong, Tokyo, Singapore, Sydney,
Englewood (NJ), and Sugar Land (TX). GFI provides services
and products to over 2,000 institutional clients, including
leading investment and commercial banks, corporations,
insurance companies and hedge funds. 
Its brands include GFI(TM), GFInet(R), CreditMatch(R),
Starsupply(R), Amerex(R) and FENICS(R). 

    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 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.


    For more information, please contact: 

     Alan Bright
     PR Manager
     GFI Group Inc.
     Tel:   [phone]
     Email: [e-mail]


SOURCE  GFI Group Limited