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If those concepts sound good to you, you are just the individual that we are looking for: a hardworking, driven, and efficient leader who can leave others in the dust. You provide the energy, enthusiasm, and brilliance, and we provide you with a top-notch support network including technology that gives you an edge over your competitors, a diversified portfolio, and a global focus.

Our brokers have no boundaries. Are you ready to see the business model that has changed the lives of our 250 employees? We understand at a gut level that people are our business; they are our success story. They have taken us from a company founded in 2007 to an international powerhouse in the commodities business with Global Fortune 500 businesses knocking at our doors.

We reward professionalism, excellence, and execution in a big way – but we only take the best. If you are ready to be transparent, straightforward, and treat customers the way they deserve to be treated, contact us today.

Press and Media

OTC GLOBAL HOLDINGS’ CHOICE! POWER ADDS ENERGY VETERAN THOMAS BLAKESLEE

NEW YORK (May 21, 2019) – Choice! Power, a subsidiary of leading independent interdealer broker in over-the-counter commodities OTC Global Holdings (OTCGH), today announced the addition of Thomas Blakeslee. The 25-year energy veteran joins OTCGH’s power and gas futures/options brokering and will work in New York.

“While this industry is changing at an increasingly rapid pace today, OTC Global Holdings’ commitment to investing in the best people and equipping them with the necessary technology and resources is unwavering. Adding new talent like Thomas to our already tremendous teams ensures we continue to innovate on our customers’ behalf and further fuels our already rapid growth,” said Javier Loya, Chairman and Co-CEO of OTCGH.

Blakeslee brings two plus decades of experience in trading oil, power and gas to Choice. He most recently was Sales Manager at Nasdaq, where he oversaw the sales effort for power and gas trading, driving new competition to the energy futures industry. Previously, he worked for a prominent utility and bank overseeing the Midwest trading desk in both physical and financial power as well as the entire Eastern Grid for two different funds. Blakeslee is a graduate from Columbia University with a BA degree. 

For more information about Choice! Power and OTC Global Holdings please visit www.otcgh.com.

About Choice! Power

Founded in 2011, Choice Power is a leading broker of electricity futures and options in the US.

About OTC Global Holdings

Formed in 2007, OTC Global Holdings has become the world’s largest independent institutional broker of commodities, covering financial and physical instruments from offices in Chicago, Des Moines, Geneva, Houston, London, Louisville, New Jersey, New York and Singapore. The company is a leading liquidity provider on CBOT, ICE, NYMEX and NFX, ranking number one amongst its peers in numerous derivatives contracts across biofuels, emissions, commodity index products, crude oil, natural gas, natural gas liquids (NGLs), metals, petrochemicals and refined products, power, proppants, soft commodities, and weather derivatives. The company serves more than 450 institutional clients, including over 70 members of the Global Fortune 500, and transacts in hundreds of different commodity delivery points in Asia, Europe and the Americas. To learn more about the company, please visit www.otcgh.com or go to https://player.vimeo.com/video/146686709.    

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Contact:
Amy Lach
Pierpont Communications
(713) 627-2223
alach@piercom.com

OTC GLOBAL HOLDINGS NAMED “BROKER OF THE YEAR”

BY ENERGY RISK MAGAZINE FOR FOURTH TIME IN NINE YEARS

HOUSTON –(May 15, 2019) – OTC Global Holdings (OTCGH), the world’s largest independent commodity interdealer broker, has been named 2019 “Broker of the Year” by Energy Risk, an internationally recognized publication in the global trade and risk management industry. The honor was announced at the Energy Risk awards gala in Houston on May 14 and this is the fourth time in nine years the firm has received the recognition.

“We are honored to receive this prestigious award once again, as it underscores the tremendous success OTCGH has enjoyed on behalf of our clients during the last year,” said Javier Loya, Chairman and Co-CEO of OTCGH. “While we are the largest independent commodities IDB in the world, we also operate in a rapidly transforming industry and know that recognitions like this would not be possible without the trust of our many clients or the hard work of our brokers across the globe.”

OTCGH earned this year’s recognition as a result of another year of outstanding performance and accomplishments, which included the one million transactions on its proprietary EOXLive platform; the launch of new data products such as a Coal Forward Curves and Freight Forward Curves; and the integration of real-time analytics into the EOXLive platform to facilitate transactions, provide more market intelligence tools, and make trading more efficient for users.

The award is a significant achievement for OTCGH and is reflective of the company’s continuing growth and success since its establishment in 2007.

“We have continued to grow our market share and stake in the industry year over year, and last year we were able to cement our global business model following the late 2017 acquisition of Oil Brokerage Limited,” added President and Co-CEO Joe Kelly. “While this honor is reflective of our many significant achievements over the past year, I also believe it’s indicative of the great things still ahead of us as a company.”

About OTC Global Holdings

Formed in 2007, OTC Global Holdings has become the world’s largest independent institutional broker of commodities, covering financial and physical instruments from offices in Chicago, Des Moines, Geneva, Houston, London, Louisville, New Jersey, New York and Singapore. The company is a leading liquidity provider on CBOT, ICE, NYMEX and NFX, ranking number one amongst its peers in numerous derivatives contracts across biofuels, emissions, commodity index products, crude oil, natural gas, natural gas liquids (NGLs), metals, petrochemicals and refined products, power, proppants, soft commodities, and weather derivatives. The company serves more than 450 institutional clients, including over 70 members of the Global Fortune 500, and transacts in hundreds of different commodity delivery points in Asia, Europe and the Americas. To learn more about the company, please visit www.otcgh.com or go to https://player.vimeo.com/video/146686709.

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Contact:
Amy Lach
Pierpont Communications
(713) 627-2223
alach@piercom.com

Brexit Weighs on Oil and Gas Firms

The eyes of the world are on the UK Parliament, where members of the House of Commons on Friday again defeated a plan outlining terms for the UK to withdraw from the European Union (EU).

Nearly 52 percent of the UK electorate participating in the June 23, 2016, Brexit referendumvoted in favor of leaving the EU. UK Prime Minister Theresa May announced the following October that Brexit would occur on March 29, 2019. Since then, EU officials and May’s government have held negotiations seeking to strike a deal to facilitate an orderly exit.

With Friday’s 344-286 vote, the House of Commons has now on three occasions rejected Brexit deals advanced by May. Following a request by the prime minister to delay Brexit, the EU had said that it would grant an extension to May 22, 2019, if the UK Parliament approved the withdrawal deal. May had stated that she would leave office if Parliament approves the deal. The Brexit deadline is April 12, 2019.

MPs are expected to consider alternative options next week. 

A “soft Brexit” would occur with a deal. A “hard Brexit,” also referred to as “crashing out” of Brexit, would take place without a deal. In either case, the UK would leave the EU; however, the soft Brexit would allow the UK to remain in a customs union with the EU. A hard Brexit would translate into the UK leaving the EU single market as well as the customs union.

Following Friday’s vote, the European Commission observed that a “’no-deal’ scenario” on April 12 will likely be the case but added that the EU has been preparing for it since December 2017.

“The EU will remain united,” the commission commented in a written statement. “The benefits of the Withdrawal Agreement, including a transition period, will in no circumstances be replicated in a ‘no-deal’ scenario. Sectoral mini-deals are not an option.”

The UK oil and gas industry continues to monitor Brexit developments with keen interest, and a spokesman for one of the country’s top industry trade groups told Rigzone Thursday what his organization is looking for amid the ongoing progress.

“The certainty and stability of a deal outcome is in the interests of our industry to help safeguard the value and potential of the UK’s offshore oil and gas industry,” Gareth Wynn, Oil and Gas UK’s stakeholder and communications director, told Rigzone. “We will continue to work with all parties and governments to ensure they understand what our sector needs and to encourage a constructive approach to securing a deal which achieves the priorities identified by industry and can command the necessary political support.”

Wynn pointed out that his organization’s priorities include:

  • Protecting the offshore industry from future EU regulatory changes
  • Minimal friction between the UK and EU
  • Maintaining a strong voice in Europe
  • Protecting energy trading and the internal energy market
  • Protecting the industry’s license to operate.

Oil and Gas UK elaborates on each of the above points in a Jan. 21, 2019, posting on its website.

David Aron, managing director of London-based Petroleum Development Consultants (PDO), told Rigzone that his firm’s general views on Brexit concur with Oil and Gas UK’s position. Aron’s oil and gas consulting firm performs integrated subsurface, engineering and commercial studies for upstream and downstream clients, and he observed that Brexit-related uncertainty surrounding the Pound sterling has created challenges in terms of competing for projects outside the UK.

“Most of our work is carried out internationally and the current level of sterling currency uncertainty makes bidding for such projects more difficult,” Aron noted. “Having said that, though, we had a very large dollar-based contract at the time of the first Brexit vote in 2016 and its value went up by 20 percent reflecting the drop of the pound’s value against the U.S. dollar.”

According to this Feb. 14, 2019, Rigzone article, UK-based Tullow Oil plc has stated that its board is concerned about the effect a hard Brexit would have on the company’s staff members who are EU nationals.

In a conversation with Rigzone Thursday, Campbell Faulkner, Houston-based senior vice president and chief data analyst with the independent interdealer broker OTC Global Holdings, observed that a hard Brexit could adversely affect the flow of cross-border talent for the North Sea oil and gas sector.

Faulkner also speculated that a no-deal Brexit could effect a major change in cross-border energy commodity trading. He said it could put “a big damp blanket on the London model of international finance” and lead to “more robust involvement of Swiss firms.”