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 MundyVice President, Marketing & Data Services Amerex Brokers LLC 281-340-5206 [e-mail]

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