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Amerex Brokers LLC Announces the Formation of Amerex Energy Consulting Services

Posted on: Tuesday, 14 July 2009, 12:05 CDT

HOUSTON, July 14 /PRNewswire/ -- Amerex Brokers LLC, an over-the-counter energy broker and a wholly-owned subsidiary of GFI Group Inc. (Nasdaq: GFIG), has formed a fee-based energy risk management and execution consulting division that will operate under the name Amerex Energy Consulting Services (AECS).

Amerex Energy Consulting Services will provide consulting services to institutional market participants, independent power producers, project developers and large industrial clients across the spectrum of North American energy commodities. By utilizing the energy and environmental brokerage desks at Amerex, GFI and StarSupply, AECS will help customers to construct hedge and risk management products in natural gas, electricity, emissions, RECs, coal, crude oil and refined products.

Amerex Energy Consulting Services is led by Kellie Metcalf who comes to Amerex most recently from Fortis Bank. Ms. Metcalf and her team have a wide range of energy transaction and structuring experience, including origination stints at banks as well as investor owned utilities and merchant generators. They are a well seasoned team that combines in-depth market knowledge with detailed execution experience.

"AECS is a natural extension of our existing brokerage business. We have felt for some time that the market was calling for this type of non-principal transaction and consulting service. We have put in place a top-notch team that has the capabilities and experience to execute this new strategy. We are excited about the opportunity that this provides for both our existing, as well as prospective clients," remarks Clay Davis, President of Amerex Brokers LLC.

About Amerex Brokers LLC

Founded in 1978, Amerex is a leading over-the-counter energy brokerage offering services in electricity, natural gas, emission credits and allowances, renewable energy credits, retail energy procurement, energy consulting and energy data services. From its office in Houston, Amerex offers liquidity and timely execution to meet the needs of a global client network of more than 1,000 firms including thousands of traders and risk management professionals. For additional information, please visit www.amerexenergy.com. Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group Inc. (Nasdaq: GFIG), a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI provides brokerage services, trading system software and market data and analytics software products for a range of credit, financial, equity and commodity instruments. GFI operates one of the largest OTC energy brokerage businesses in North America both directly and through its Amerex and StarSupply businesses.

For more information, contact: Melissa Mundy Marketing Director Amerex Brokers LLC 281-340-5206 mmundy@amerexenergy.com Kellie Metcalf Vice President Amerex Energy Consulting Services 281-340-5267 kmetcalf@amerexenergy.com

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "might," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company's brokerage services; competition from current and new competitors; the Company's ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company's ability to identify and develop new products and markets; changes in laws and regulations governing the Company's business and operations or permissible activities; the Company's ability to manage its international operations; financial difficulties experienced by the Company's customers or key participants in the markets in which the Company focuses its brokerage services; the Company's ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that could affect the Company's financial and other results is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Amerex Brokers LLC

Source: PR Newswire

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