Amerex Hires Jim Moore to Launch US Coal Desk

HOUSTON, May 9, 2012 /PRNewswire/ -- Amerex Brokers LLC announced today that it has hired Jim Moore to launch a US Coal Desk.  The new desk will broker US centrally-cleared coal swaps using Trayport®-powered hybrid trading technology in addition to physical and financial OTC trades. The addition of the coal desk will further strengthen Amerex's strong presence in energy with existing desks in power, natural gas and environmental commodities.  The coal team is already participating in the market, booking their first two trades earlier this week.

"Amerex is focused on bringing liquidity and new counterparties to the business and we will work with coal producers, coal consumers and trading entities to utilize physical and financial products to hedge coal positions. We aim to make our markets available via Trayport and work to add value to the trading experience through our hybrid brokerage model," said Jim Moore.

Clay Davis, President, Amerex Brokers LLC said: "We are excited to have Jim Moore join the Amerex team.  His experience, energy and enthusiasm will be a great asset to Amerex and its customers as we expand into the coal market."

Jim Moore has 28 years of experience in the energy industry and comes to Amerex from Ameren Corporation where he worked for 26 years.  While at Ameren, Moore had a significant impact on the bottom line by implementing innovative hedging methods to reduce coal procurement costs.  His experience includes coal, power, heating oil, emissions, RECs and natural gas.

For more information, contact:
Melissa Mundy
Vice President, Marketing & Data Services
Amerex Brokers LLC
281-340-5206
[email protected]

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 GFI Group Inc. and Amerex Brokers LLC (collectively referred to as 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; uncertainties relating to litigation and the Company's ability to assess and integrate acquisition prospects . 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

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