Amerex, Prebon expand broker services

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Energy brokerage houses have not rolled over and died, despite the increasing popularity of web-based energy trading sites. In fact, two major brokerage firms – Prebon Energy and Amerex USA – say their business is better than ever.

In March, Jersey City, New Jersey-based Prebon said it had launched a new coal trading desk, and Houston-based Amerex said it had purchased the crude oil and products businesses of RedMeteor, a fellow Texan company with both voice-brokering services and an electron