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\ue000
\ue000
UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
Washington,\ue000 D.C.\ue000 20549
\ue000
FORM\ue000 8-K
\ue000
CURRENT\ue000 REPORT
Pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934
\ue000
Date\ue000 of\ue000 Report\ue000 (Date\ue000 of\ue000 earliest\ue000 event\ue000 reported):\ue000 \ue000February\ue000 19,\ue000 2009
\ue000
GFI\ue000 GROUP\ue000 INC.
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
\ue000
Delaware
\ue000
000-51103
\ue000
80-0006224
(State\ue000 or\ue000 other\ue000 jurisdiction\ue000 of
incorporation)
\ue000
(Commission
File\ue000 Number)
\ue000
(IRS\ue000 Employer
Identification\ue000 No.)
\ue000
\ue000
\ue000
\ue000
\ue000
55\ue000 Water\ue000 Street
New\ue000 York,\ue000 NY
\ue000
10041
(Address\ue000 of\ue000 principal\ue000 executive\ue000 offices)
\ue000
(Zip\ue000 Code)
\ue000
Registrant\u2019s\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code:\ue000 \ue000(212)\ue000 968-4100
\ue000
Not\ue000 Applicable
(Former\ue000 name\ue000 or\ue000 former\ue000 address,\ue000 if\ue000 changed\ue000 since\ue000 last\ue000 report.)
\ue000
Check\ue000 the\ue000 appropriate\ue000 box\ue000 below\ue000 if\ue000 the\ue000 Form\ue000 8-K\ue000 filing\ue000 is\ue000 intended\ue000 to\ue000 simultaneously\ue000 satisfy\ue000 the\ue000 filing\ue000 obligation\ue000 of\ue000 the\ue000 registrant\ue000 under\ue000 any\ue000 of
the\ue000 following\ue000 provisions\ue000 (see\ue000 General\ue000 Instruction\ue000 A.2.\ue000 below):
\ue000
o\ue000 Written\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 425\ue000 under\ue000 the\ue000 Securities\ue000 Act\ue000 (17\ue000 CFR\ue000 230.425)
\ue000
o\ue000 Soliciting\ue000 material\ue000 pursuant\ue000 to\ue000 Rule\ue000 14a-12\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.14a-12)
\ue000
o\ue000 Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 14d-2(b)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.14d-2(b))
\ue000
o\ue000 Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 13e-4(c)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.13.e-4(c)
\ue000\ue000
\ue000
Processed and formatted by SEC Watch - Visit SECWatch.com
\ue000
Item\ue000 2.02.\ue000\ue000\ue000\ue000 Results\ue000 of\ue000 Operations\ue000 and\ue000 Financial\ue000 Condition
\ue000

On\ue000 February\ue000 19,\ue000 2009,\ue000 GFI\ue000 Group\ue000 Inc.\ue000 issued\ue000 a\ue000 press\ue000 release\ue000 announcing\ue000 the\ue000 financial\ue000 results\ue000 for\ue000 its\ue000 fourth-quarter\ue000 and\ue000 fiscal year\ue000 ended\ue000 December\ue000 31,\ue000 2008\ue000 and\ue000 containing\ue000 information\ue000 concerning\ue000 a\ue000 conference\ue000 call\ue000 to\ue000 discuss\ue000 such\ue000 results.\ue000 \ue000 A\ue000 copy\ue000 of\ue000 the\ue000 press\ue000 release\ue000 is set\ue000 forth\ue000 in\ue000 Exhibit\ue000 99.1\ue000 hereto\ue000 and\ue000 is\ue000 incorporated\ue000 herein\ue000 by\ue000 reference.

\ue000

The\ue000 information\ue000 in\ue000 this\ue000 Current\ue000 Report,\ue000 including\ue000 exhibits\ue000 attached\ue000 hereto,\ue000 is\ue000 being\ue000 furnished\ue000 and\ue000 shall\ue000 not\ue000 be\ue000 deemed\ue000 \u201cfiled\u201d
for\ue000 the\ue000 purposes\ue000 of\ue000 Section\ue000 18\ue000 of\ue000 the\ue000 Securities\ue000 and\ue000 Exchange\ue000 Act\ue000 of\ue000 1934,\ue000 as\ue000 amended,\ue000 or\ue000 otherwise\ue000 subject\ue000 to\ue000 the\ue000 liabilities\ue000 of\ue000 that\ue000 Section.\ue000
The\ue000 information\ue000 in\ue000 this\ue000 Current\ue000 Report,\ue000 including\ue000 exhibits\ue000 attached\ue000 hereto,\ue000 shall\ue000 not\ue000 be\ue000 incorporated\ue000 by\ue000 reference\ue000 into\ue000 any\ue000 registration
statement\ue000 or\ue000 other\ue000 document\ue000 pursuant\ue000 to\ue000 the\ue000 Securities\ue000 Act\ue000 of\ue000 1933,\ue000 except\ue000 as\ue000 may\ue000 otherwise\ue000 be\ue000 expressly\ue000 stated\ue000 in\ue000 such\ue000 filing.

\ue000
Item\ue000 9.01.\ue000\ue000\ue000\ue000 Financial\ue000 Statements\ue000 and\ue000 Exhibits
\ue000
(d)\ue000 \ue000 Exhibits:
\ue000
Exhibit
\ue000
Description
99.1
\ue000
Press\ue000 release,\ue000 dated\ue000 February\ue000 19,\ue000 2009.
\ue000
2
Processed and formatted by SEC Watch - Visit SECWatch.com
\ue000
SIGNATURES
\ue000
Pursuant\ue000 to\ue000 the\ue000 requirements\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934,\ue000 the\ue000 registrant\ue000 has\ue000 duly\ue000 caused\ue000 this\ue000 report\ue000 to\ue000 be\ue000 signed\ue000 on\ue000 its\ue000 behalf
by\ue000 the\ue000 undersigned\ue000 hereunto\ue000 duly\ue000 authorized.
\ue000
\ue000
GFI\ue000 GROUP\ue000 INC.
\ue000
\ue000
Date:\ue000 February\ue000 19,\ue000 2009
By:
/s/\ue000 James\ue000 A.\ue000 Peers
\ue000
Name:\ue000 James\ue000 A.\ue000 Peers
\ue000
Title:\ue000 Chief\ue000 Financial\ue000 Officer
\ue000
3
Exhibit\ue000 99.1\ue000
GFI\ue000 Group\ue000 Inc.\ue000 Announces\ue000 Fourth\ue000 Quarter\ue000 and\ue000 Full\ue000 Year\ue000 2008\ue000 Results;
Declares\ue000 Quarterly\ue000 Cash\ue000 Dividend
\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Fourth\ue000 Quarter
\ue000

\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000GAAP\ue000 Revenues:\ue000 $196.2\ue000 Million\ue000 ;\ue000 Non-GAAP\ue000 Revenues\ue000 $210.9\ue000 Million
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000GAAP\ue000 Net\ue000 Income:\ue000 $0.2\ue000 Million\ue000 or\ue000 $0.00\ue000 per\ue000 Diluted\ue000 Share
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Non-GAAP\ue000 Net\ue000 Income:\ue000 $10.7\ue000 Million\ue000 or\ue000 $0.09\ue000 per\ue000 Diluted\ue000 Share

\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Full\ue000 Year
\ue000

\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000GAAP\ue000 Revenues:\ue000 $1.02\ue000 Billion;\ue000 Non-GAAP\ue000 Revenues:\ue000 $1.04\ue000 Billion
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000GAAP\ue000 Net\ue000 Income:\ue000 $53.1\ue000 Million\ue000 or\ue000 $0.44\ue000 per\ue000 Diluted\ue000 Share
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Non-GAAP\ue000 Net\ue000 Income:\ue000 $94.7\ue000 Million\ue000 or\ue000 $0.79\ue000 per\ue000 Diluted\ue000 Share

\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Board\ue000 of\ue000 Directors\ue000 Declares\ue000 Quarterly\ue000 Cash\ue000 Dividend\ue000 of\ue000 $0.05\ue000 per\ue000 Share
\ue000
New\ue000 York,\ue000 \ue000 February\ue000 19,\ue000 2009\ue000 \u2014\ue000 GFI\ue000 Group\ue000 Inc.\ue000 (Nasdaq:\ue000 GFIG),\ue000 an\ue000 inter-dealer\ue000 brokerage,\ue000 market\ue000 data,\ue000 trading\ue000 platform\ue000 and\ue000 analytical
software\ue000 provider\ue000 for\ue000 global\ue000 cash\ue000 and\ue000 derivative\ue000 markets,\ue000 today\ue000 announced\ue000 financial\ue000 results\ue000 for\ue000 the\ue000 fourth\ue000 quarter\ue000 and\ue000 year\ue000 ended
December\ue000 31,\ue000 2008.
\ue000
Highlights
\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Total\ue000 revenues\ue000 for\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008\ue000 were\ue000 $196.2\ue000 million,\ue000 and\ue000 included\ue000 a\ue000 $14.6\ue000 million\ue000 mark-to-market\ue000 unrealized\ue000 loss\ue000 on\ue000 forward
hedges\ue000 of\ue000 future\ue000 foreign\ue000 currency\ue000 revenues.\ue000 Excluding\ue000 this\ue000 loss,\ue000 non-GAAP\ue000 revenues\ue000 were\ue000 $210.9\ue000 million\ue000 for\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008.\ue000 \ue000 In
the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007,\ue000 total\ue000 GAAP\ue000 and\ue000 non-GAAP\ue000 revenues\ue000 were\ue000 $247.4\ue000 million\ue000 and\ue000 $248.0\ue000 million,\ue000 respectively.
\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Brokerage\ue000 revenues\ue000 for\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008\ue000 declined\ue000 to\ue000 $193.8\ue000 million\ue000 from\ue000 $238.2\ue000 million\ue000 in\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007.\ue000 \ue000 While\ue000 equity

product\ue000 revenues\ue000 increased\ue000 3%\ue000 over\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007,\ue000 credit,\ue000 financial\ue000 and\ue000 commodity\ue000 product\ue000 revenues\ue000 decreased\ue000 21%,\ue000 37% and\ue000 30%,\ue000 respectively.\ue000 \ue000 Within\ue000 credit\ue000 products,\ue000 a\ue000 61%\ue000 increase\ue000 in\ue000 corporate\ue000 and\ue000 sovereign\ue000 fixed\ue000 income\ue000 revenues\ue000 was\ue000 offset\ue000 by\ue000 a\ue000 47% decrease\ue000 in\ue000 credit\ue000 derivative\ue000 revenues,\ue000 compared\ue000 with\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007.

\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000In\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008,\ue000 compensation\ue000 and\ue000 employee\ue000 benefits\ue000 expense\ue000 was\ue000 70.1%\ue000 of\ue000 total\ue000 revenues\ue000 compared\ue000 with\ue000 61.1%\ue000 of\ue000 revenues
in\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007.\ue000 \ue000 On\ue000 a\ue000 non-GAAP\ue000 basis,\ue000 compensation\ue000 and\ue000 employee\ue000 benefits\ue000 expense\ue000 as\ue000 a\ue000 percentage\ue000 of\ue000 revenues\ue000 was
65.2%\ue000 in\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008\ue000 compared\ue000 with\ue000 60.9%\ue000 in\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007.
\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Non-compensation\ue000 expense\ue000 as\ue000 a\ue000 percentage\ue000 of\ue000 revenues\ue000 was\ue000 30.1%\ue000 for\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008\ue000 compared\ue000 with\ue000 24.7%\ue000 in\ue000 the\ue000 fourth
quarter\ue000 of\ue000 2007.\ue000 On\ue000 a\ue000 non-GAAP\ue000 basis,\ue000 non-compensation\ue000 expense\ue000 as\ue000 a\ue000 percentage\ue000 of\ue000 revenue\ue000 was\ue000 27.3%\ue000 in\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008
compared\ue000 with\ue000 23.4%\ue000 in\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007.
\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000Net\ue000 income\ue000 for\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008\ue000 was\ue000 $0.2\ue000 million,\ue000 or\ue000 $0.00\ue000 per\ue000 diluted\ue000 share\ue000 compared\ue000 with\ue000 net\ue000 income\ue000 of\ue000 $25.2\ue000 million,\ue000 or\ue000 $0.21\ue000 per
diluted\ue000 share,\ue000 in\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007.\ue000 \ue000 On\ue000 a\ue000 non-GAAP\ue000 basis,\ue000 net\ue000 income\ue000 for\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2008\ue000 was\ue000 $10.7\ue000 million,\ue000 or\ue000 $0.09\ue000 per
diluted\ue000 share,\ue000 compared\ue000 with\ue000 $26.0\ue000 million,\ue000 or\ue000 $0.22\ue000 per\ue000 diluted\ue000 share,\ue000 for\ue000 the\ue000 fourth\ue000 quarter\ue000 of\ue000 2007.
\ue000
\u2022\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000For\ue000 the\ue000 full\ue000 year\ue000 2008,\ue000 total\ue000 revenues\ue000 increased\ue000 5%\ue000 to\ue000 $1.02\ue000 billion\ue000 from\ue000 $970.5\ue000 million\ue000 in\ue000 2007.\ue000 \ue000 Net\ue000 income\ue000 for\ue000 2008\ue000 was\ue000 $53.1\ue000 million\ue000 or

$0.44\ue000 per\ue000 diluted\ue000 share\ue000 compared\ue000 to\ue000 $94.9\ue000 million,\ue000 or\ue000 $0.80\ue000 per\ue000 diluted\ue000 share\ue000 for\ue000 full\ue000 year\ue000 2007.\ue000 \ue000 On\ue000 a\ue000 non-GAAP\ue000 basis,\ue000 total\ue000 revenues\ue000 for
2008\ue000 rose\ue000 7%\ue000 to\ue000 $1.04\ue000 billion\ue000 while\ue000 net\ue000 income\ue000 was\ue000 $94.7\ue000 million\ue000 or\ue000 $0.79\ue000 per\ue000 diluted\ue000 share\ue000 compared\ue000 with\ue000 $100.3\ue000 million\ue000 or\ue000 $0.84\ue000 per\ue000 diluted
share\ue000 for\ue000 full\ue000 year\ue000 2007.

\ue000
1
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