GFI Group, Thomson Reuters and SDIC Trust To Form Joint Venture and File Application to Establish Full Service Foreign Exchange and Money Brokerage in China

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GFI Group, Thomson Reuters and SDIC Trust To Form Joint Venture and File Application to Establish Full Service Foreign Exchange and Money Brokerage in China

London- GFI Group Inc., a leading provider of wholesale brokerage services for the global financial markets, and Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that they will be forming a joint venture with SDIC Trust Co., Ltd. of China to create a foreign exchange and money broker for the domestic Chinese financial markets.

The joint venture money broker to be established by GFI, Thomson Reuters and SDIC Trust will be located in Beijing, and would support the needs of financial institutions within China when trading the Renminbi (RMB) and other regulated market instruments. The establishment of the joint venture marks the clearance of the first step in the process to launch a full service voice and electronic brokerage for the domestic money markets in China. It also underscores the three parties' commitment to supporting the further development of China's financial markets.

GFI Group, Thomson Reuters and SDIC Trust meet the prerequisites required to obtain an application for a license; the official application materials are being completed and will be filed with the appropriate Chinese regulatory authorities.

"Thomson Reuters has a long history in China and in serving the professional money markets, both in China and globally," said David Craig, president, Financial & Risk, Thomson Reuters. "We are excited to bring this heritage to our joint venture with GFI Group and SDIC Trust and look forward to fulfilling the remaining requirements to obtain the license and support China as it continues to develop its money markets. Following the recent launch of Eikon, our next generation financial desktop, in Chinese, this joint venture is another example of how Thomson Reuters is working to meet the needs of financial professionals in China."

"We believe that by joining forces and combining our industry leading strengths in technology, broking, communications and infrastructure, we will create a strong business that will be beneficial to the development of the China's financial markets," said Colin Heffron, president, GFI Group Inc. "We also believe the timing is right for our joint venture to enter the marketplace and assist in the development of new financial products, and in the continuing internationalization of the RMB."

"As the Chinese shareholder of the joint venture, we believe in the industry leading advantages which both Thomson Reuters and GFI Group will bring to our company," said Lv Yimin, general manager and top executive at SDIC Trust. "All three parties of the joint venture are optimistic about the development of the money broker industry in China, and will focus on the business with a long-term perspective. Through our joint cooperation and efforts, we aim to provide our clients with the best possible money brokerage services."

GFI Group Inc.
GFI Group is a global leading provider of wholesale brokerage and trading support products for global financial markets. With offices in 15 countries and over 2,100 employees, GFI provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of fixed income, financial, equity and commodity instruments to over 2,600 institutional clients worldwide. GFI Group shares are listed on the New York Stock Exchange "GFIG". www.gfigroup.com

About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. thomsonreuters.com.

Thomson Reuters has had a presence in China since 1871 and today has offices in Beijing, Shanghai and Shenzhen, in addition to a dedicated Research and Development Centre in Beijing. Thomson Reuters biggest focus in China is its Financial & Risk business which provides traders and investors with real-time financial information, news, marketplaces, networks and execution capabilities. Thomson Reuters has more than 1,700 employees in China.

SDIC Trust Co., Ltd.
SDIC Trust Co. Ltd. is a Chinese trust company whose history includes being incorporated with the approval of the People's Bank of China, and is currently regulated by the China Banking Regulatory Commission. SDIC Trust specializes in the asset management and wealth management businesses. In 2005, SDIC Trust established a joint venture company with UBS AG to conduct the fund management business within China. SDIC Trust is a subsidiary of the State Development and Investment Corporation (SDIC), the largest investment holding company in China.www.sdictrust.com.cn