Top OTC Brokers Form Energy Brokers Association

Nov 05, 2002, 00:00 ET from Energy Brokers Association

    WASHINGTON, Nov. 5 /PRNewswire-FirstCall/ -- An unprecedented initiative
 was launched today to assist the energy trading industry with addressing
 current issues and enhancing the energy markets. Seven of the top
 Over-the-Counter (OTC) energy brokers announced the formation of the Energy
 Brokers Association, a trade association recently incorporated in Washington,
     The founding members are Amerex Group, APB Financial LLC, GFI Group Inc.,
 Natsource LLC, Prebon Energy Inc., Starsupply Petroleum LLC and TFS Energy
     This coordinated effort is being made as a proactive response to the
 current challenging environment in the energy markets. The Association
 recognizes the need for all the key players in the energy markets to define
 and adopt reliable practices and standards in order to improve and advance the
 industry, both now and in the future. The Energy Brokers Association will work
 with energy companies and associations, other financial industry participants
 and governmental agencies to address financial, regulatory and operational
 issues.  The EBA will also more clearly define the role of OTC brokers in the
 marketplace.  Each of the founding companies is committed to providing clients
 with the most professional, comprehensive and focused service available.
     Companies regularly engaged in the OTC brokering of energy and energy
 related physical and derivative products to institutional clients are
 encouraged to join as full members. Members of the Energy Brokers Association
 will be encouraged to adhere to appropriate organizational, financial and
 operational regulations and codes of conduct that the Association has set
 forth. These codes are consistent with standard practices, which the companies
 already employ as part of their individual business operations. Companies
 engaged in related businesses, are welcome to join as associate members.
     The Executive Committee of the Energy Brokers Association consists of the
 following representatives: President - Chris Edmonds (APB), Vice President -
 Alan Kurzer (TFS), Treasurer - Jack Cogen (Natsource), Secretary - Steve Town
 (Amerex), Don Fewer (GFI), Dave Rutter (Prebon) and Rob Ryneveld (Starsupply).
     Additional information including membership requirements will be announced
 in the next few weeks and will become available on the Energy Brokers
 Association website: .
      General Information- Chris Edmonds: 502-212-4903
      Membership Information- Alan Kurzer: 203-351-1590
     Amerex Group is a worldwide OTC and futures market energy brokerage,
 covering all energy markets in North America, Europe and Asia.  In its North
 American headquarters in Houston, Amerex assists the market in electrical
 power, natural gas, oil, refined products, liquids, emissions, and weather
 trade execution.  Contact information at , or call
 Mike Prokop 281 340 5290.
     APB Financial LLC, an ICAP company, offers full service over-the-counter
 commodity brokerage with information and technology to bring buyers and
 sellers together. The company's product offerings include electricity, natural
 gas, coal and other energy related products. Through it's online platform,
 True Quote, APB offers customers real-time price discovery and execution. APB
 is headquartered in Louisville, Kentucky with offices in Houston, Texas;
 Chapel Hill, North Carolina; Bergen, Norway and Amsterdam. More information is
 available at , or by calling
 Chris Edmonds at +1 502 212-4903.
     GFI . GFI is an independent provider of software,
 brokerage and market data services designed to enable efficient trading of
 cash and derivative instruments in credit, equity, FX, energy and commodity
 markets. Specializing in complex, often new and illiquid markets, GFI combines
 a hybrid electronic and voice-assisted trade execution platform with pre-and-
 post trade products and services such as real time and historical market data,
 market analysis, and derivative pricing software. Headquartered in New York,
 GFI was founded in 1987 and employs more than 600 people with additional
 offices in London, Hong Kong, Tokyo, Singapore and Sydney.  GFI has more than
 1,500 clients including the leading banks, broker-dealers, trading houses,
 insurance companies, energy companies and utilities. Its brands include GFI,
 GFInet and FENICS.
     Natsource(R) LLC is a provider of strategic advisory, brokerage, and asset
 and portfolio management services for energy related products in emissions
 allowance, power, natural gas, coal, and weather hedging markets. A pioneer in
 energy and environmental brokerage, Natsource assists leading organizations
 and governments around the world in strategic management of energy and
 environmental risk.  More information is available at .
     Prebon Energy is one of the world's leading institutional brokers of
 physical and financial energy products, serving the power, natural gas, coal
 and oil markets. Prebon Energy is part of the Prebon Yamane group of
 companies, which provides brokerage services for institutions worldwide in the
 OTC markets, including the markets for foreign exchange, money market
 instruments, emerging markets products, derivatives, securities and energy
 products. The firm and its affiliates comprise more than 1,600 staff located
 in 28 financial centers worldwide, including close to 200 energy professionals
 in offices in the New York area, Amsterdam, Houston, London, Salt Lake City,
 Singapore, Sydney and Tokyo. .
     Starsupply Petroleum LLC is a prominent worldwide brokerage firm that
 facilitates trades in physical and financial oil and oil products in many
 niche markets. Its goal is to provide market liquidity and price discovery in
 the oil commodity markets. Starsupply offers this full scope of intermediary
 services to commercial and financial institutions around the world including
 oil corporations, refiners, trading companies, investment banks, utilities and
 large end-users.  For more information please visit .
     TFS Energy is a global institutional broker of OTC physical and derivative
 products and exchange traded futures and options.  From offices in Stamford,
 New York, London, Frankfurt, Singapore and Sydney, TFS brokers coal,
 electricity, emissions, natural gas, oil, refined products and weather.
 Founded in 1985, TFS is also active in the foreign exchange, equities, metals
 and pulp & paper markets.  In addition, affiliated companies operate in energy
 consulting, recruitment and venture capital. TFS is listed on the French Stock
 Exchange (Second Marche: TFS) and is part of Viel & Cie, in Paris.  Please
 visit for more information.
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SOURCE Energy Brokers Association