Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 30, 2008, GFI Group Inc. (the "Company") announced the retirement of Jurgen Breuer, Senior Managing Director - Head of E-Commerce. Mr. Breuer's employment with the Company will terminate on October 31, 2008 (the "Termination Date").

Mr. Breuer and the Company entered into a separation agreement on October 28, 2008 relating to Mr. Breuer's retirement, which provides for the payment of Mr. Breuer's base salary until the Termination Date and a severance payment of $750,000. The Company will continue to provide Mr. Breuer with health insurance until November 30, 2008. Mr. Breuer will not be paid a bonus for 2008.

Mr. Breuer's employment agreement, dated December 1, 2003, as amended, will be terminated as of the Termination Date.

Mr. Breuer will be subject to post-termination restrictions on any competitive activities, as set forth in the separation agreement.

A copy of the press release announcing Mr. Breuer's retirement is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

Exhibit Description

99.1 Press release, dated October 30, 2008.

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