Amerex operates deep and liquid physical and financial natural gas markets at all the major market hubs throughout the U.S. and Canada. Amerex natural gas markets offer a broad variety of traded instruments that include basis, fixed price, index and swing swaps; physical and financial options; EFP's and both long and short term forwards. Amerex has been an innovative pioneer in the North American natural gas markets since 1990 and as of December 2006, brokered an average of 270 billion cubic feet of natural gas each business day.