GFI Group says it has no exposure to Lehman, shares lower

GFI Group Inc. (Nasdaq: GFIG), an inter-dealer broker specializing in over-the-counter derivatives products and related securities, said this morning that it perceives that it has no material exposure to Lehman Brothers. Yet shares were markedly lower in morning trading, as GFI shares felt the brunt of investors' general jitters surrounding unwinding positions associated with Lehman’s bankruptcy.

Shares skidded 17%, or $1.21, to $6.00 in the first half hour of trading. For detailed price information and news stories on GFI Group, click GFIG.

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