Wednesday, July 15, 2009

Amerex Brokers LLC Announces the Formation of Amerex Energy Consulting Services

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 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.

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