HOUSTON, Feb. 8 /PRNewswire/ -- Energy Risk Magazine, a leading publication in the energy industry, has posted its 2008 Commodity Rankings. Amerex Brokers LLC, a wholly-owned subsidiary of GFI Group Inc. (NASDAQ: GFIG) , has received 14 first place, two second place and two third place rankings in the natural gas, electricity and environmental brokerage categories.
GFI Group was ranked Top Overall Broker and also took 58 first, second and third place rankings in a wide range of market categories.
"We are very grateful to our customers for the recognition that they have given to us once again this year. We are going to continue to work hard to earn our customers' business by sharpening our focus on service and continuing to grow our hybrid voice and electronic brokerage model," remarked Michael Cosgrove, President, Amerex Brokers LLC.
Amerex received the following recognition:
NATURAL GAS
EASTERN US -- NATURAL GAS -- LONG TERM 1st
EASTERN US -- NATURAL GAS -- SHORT TERM 2nd
EASTERN US -- NATURAL GAS -- OPTIONS 1st
WESTERN US -- NATURAL GAS -- LONG TERM 1st
WESTERN US -- NATURAL GAS -- SHORT TERM 1st
WESTERN US -- NATURAL GAS -- OPTIONS 1st
US -- HENRY HUB SWAPS AND OPTIONS 1st
US -- NYMEX NATURAL GAS 1st
WESTERN CANADA -- NATURAL GAS 1st
EASTERN CANADA -- NATURAL GAS 1st
ELECTRICITY
EASTERN US -- ELECTRICITY -- LONG TERM 1st
EASTERN US -- ELECTRICITY -- SHORT TERM 1st
EASTERN US -- ELECTRICITY -- OPTIONS 2nd
WESTERN US -- ELECTRICITY -- LONG TERM 1st
WESTERN US -- ELECTRICITY -- SHORT TERM 1st
WESTERN US -- ELECTRICITY -- OPTIONS 1st
ENVIRONMENTAL
US -- SOX AND NOX 3rd
US RENEWABLE ENERGY CREDITS 3rd
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 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 http://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, 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 wholly owned subsidiaries Amerex and StarSupply.
For more information, contact:
Melissa Gist, Marketing Director
Amerex Brokers LLC
281-340-5206
mgist@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.
Website: http://www.amerexenergy.com/