New York – October 20 2008 – Bank of New York Mellon, an asset management and securities services company, has signed a three-year license for GFI FENICS FX – pricing and risk management software from GFI Group Inc. (Nasdaq: GFIG). Bank of New York Mellon is using GFI FENICS FX at offices in New York, London and Tokyo for central pricing and risk management and global price distribution. Also, the bank is using FENICS FX's STP module for straight-through processing of trade detail, rate and revaluation information between GFI FENICS FX and other systems for improved operational efficiencies and to streamline workflows.