GFI wins FX options award with FENICS ® technology

FX Week names GFI Group as best FX options pricing/risk management vendor

New York, July 21 2005 - GFI Group Inc. (NASDAQ: GFIG) has been awarded best FX options pricing/risk management vendor by FX Week, a newsletter for foreign exchange and money market professionals. This took place at the FX Week's annual awards ceremony in New York last week.

On presenting the award, Simon Falush, editor of FX Week said: "GFI is at the forefront of the options market and the award recognises the resources the company has put into developing technology to enable it to meet the ever-evolving market's needs".

Scott Fitzpatrick, GFI's global head of sales, said, "GFI is proud to have won this prestigious industry award and I should like to thank our clients and staff who have made this happen. Our recent developments with FENICS, including FENICS dealFX - which provides the technology for banks to build FX option pricing, risk management and trading solutions - straight-through processing for UBS, the availability of Bank of America volatility surfaces and new option pricing methodologies, have all served to consolidate GFI and FENICS's position in the FX options market."

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