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SIGNATURES
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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.
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\ue000
GFI\ue000 GROUP\ue000 INC.
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\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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