5 November, 2002 - Washington D.C., 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, D.C.

The founding members are Amerex Group, APB Financial LLC, GFI Group Inc., Natsource LLC, Prebon Energy Inc., Starsupply Petroleum LLC and TFS Energy LLC.

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. Any brokerage company that does not meet these requirements, or companies that are engaged in related businesses, are welcome to join as associate members.

The Executive Committee of the Energy Brokers Association has elected the following initial officers: 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: www.energybrokersassoc.org.

ABOUT THE COMPANIES
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 www.amerexenergy.com, 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 www.apbenergy.com, www.truequote.com or by calling Chris Edmonds at +1 502 212-4903.

Natsource® 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 www.natsource.com.

Prebon Energy is one of the world’s leading institutional brokers of physical and financial energy products, serving the power, natural gas, coal, emissions 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. www.prebon.com.

Starsupply Petroleum LLC is a distinguished 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 worldwide including oil corporations, refiners, trading companies, investment banks, utilities and large end-users. For more information please visit www.starsupply.com.

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 www.tfsenergy.com for more information.

Contact:

General Information	Membership Information
Chris Edmonds T +502 212 4903	Alan Kurzer T +203 351 1590