GFI HIRES 10 BROKERS TO LAUNCH INTO US DOLLAR INTEREST RATE SWAPS IN LONDON

London 14 March, 2005 - GFI Group Inc. ("GFI"), a leading inter-dealer brokerage, market data and analytical software provider for global cash and derivative markets today announces that it has dramatically expanded its operations in the interest rate derivatives markets by recruiting a team of ten brokers, all hired externally, to set up a new US dollar interest rate swap desk in London. The team started at the beginning of March.

Among the new hires, Vijay Angelo from Tradition UK Limited and Declan Wells from ICAP head up the new desk and have over 20 years experience in the interest rate swaps market.

This new desk will dramatically boost GFI's existing interest rate derivative brokerage businesses operating out of North America and Asia, which focus on US dollar swaps, emerging market derivatives, treasury, mortgage options, swaptions and exotic interest rate derivatives.

Steve McMillan, Senior Managing Director - Head of Europe at GFI said: "GFI's expansion in the interest rate derivatives markets is consistent with its aim to be the leading global provider of inter-dealer brokerage services in the derivatives arena. Market consolidation and considerable movement of key players within the industry have contributed to the timing of our decision to step in and grow this area of our business."

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