GFI to acquire Amerex's North American operations

GFI is paying $86 million in cash for substantially all of Amerex’s assets in North America, including its brokerage operations in Sugar Land, Texas. Subject to standard closing conditions, completion is scheduled to close before the end of October.

Founded in 1978, Amerex’s North American business provides trading liquidity for a range of energy and related derivatives products. Amerex has a leading market share in most of the markets and products in which it provides brokerage services and