TFS Energy, LLC, an affiliate of the international TFS Brokers, has announced the opening of a Houston office, complementing its existing energy offices in Stamford, CT, on the New York Mercantile Exchange (Nymex), and in New York, London, Frankfurt, Singapore and Sydney.

TFS Energy (Texas) L.P. will cover a wide range of power, natural gas, oil and other energy-related markets from the Houston office, offering products that are complementary to markets brokered in its Connecticut operation. Initially, the firm will open desks to broker electricity and natural gas physical and swap transactions with a staff of nine new hires, all of whom have an average of 10 years’ energy industry experience. This brings the total TFS energy staff in the United States to 75.

TFS expects to base close to 25 brokers in Houston once a permanent office is completed. Mike Nemer, the former president of Amerex Natural Gas in Houston, is heading up the office.

“This expansion is something we have wanted to do for a long time,” commented Alan Kurzer, president of TFS Energy, LLC. “By building-up a significant presence in Houston, as well as being in the New York area, we can better serve our clients at a crucial time of improving health and activity in the energy trading community.

“This step is just one of several important moves TFS Energy has been taking worldwide to increase the market coverage, product offerings and services we provide.”

TFS, whose parent companies are headquartered in Switzerland and Paris, has offices in financial centers around the world. The company covers currency options, equity derivatives, precious metals, energy and pulp and paper markets. TFS is a subsidiary of Compagnie Financière Tradition (CFT), one of the world’s top three brokers in financial and commodity-related products with a presence in 17 countries and 2,000 employees.

TFS Energy brokers a full spectrum of OTC energy and energy-related physical and derivative products (including electricity, natural gas, crude oil and refined products, coal, emission and weather derivatives) and exchange-traded futures and options. For further information, go to www.tfsenergy.com.

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