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IN THE NEWS
[August, 27 2010] OTC Global Holdings Launches OTC Europe, Forms Two New London-based Divisions
OTC Global Holdings (OTCGH), the leading independent interdealer broker (IDB) in the over-the-counter space, announced today the formation of OTC Europe. Read More
[July 7, 2010] EOX Holdings Unveils OTC Energy Market Data Offering
EOX Holdings, a wholly owned subsidiary of OTC Global Holdings LP, announced today the availability of its over-the-counter energy market data offering. Read More
[June 28, 2010] OTC Global Holdings Chairman & CEO Javier Loya Named Ernst & Young Entrepreneur of the Year® 2010 Award Winner in Houston and Gulf Coast Area
OTC Global Holdings, a leading independent interdealer broker in the over-the-counter space, today announced that its Chairman and CEO, Javier Loya, received the Ernst & Young Entrepreneur Of The Year® 2010 Award in the financial services category in Houston & Gulf Coast Area. Read More
[May 13, 2010] Platts Megawatt Daily - "Analysts worry about market restrictions" - with commentary from Craig Marcum, Edge Environmental
"Most people were expecting restrictive guidelines on derivatives," he said. "I understand the government wants to avoid market manipulation, but the question is whether they have gone so far as to take out liquidity and participation from the market." Read More
[May 5, 2010] Environmental Finance - "Gulf Oil Spill to Boost U.S. Climate Bill?" - with commentary from Craig Marcum, Edge Environmental
"I think the likelihood of a national RES is greater than cap and trade," said Craig Marcum, a Houston-based managing partner of new brokerage Edge Environmental. Read More
[May 5, 2010] U.S. Brokerage Expands Into Carbon
OTC Global Holdings is branching out into the environmental markets with the establishment of a brokerage unit to focus on the North American and European carbon markets and renewable energy credits (RECs) in the United States. Read More
[April 29, 2010] OTC Global Holdings Announces Formation of Edge Environmental
NEW YORK - OTC Global Holdings, a leading interdealer broker in the over-the-counter space, announced today the formation of Edge Environmental, a wholly-owned subsidiary of existing portfolio company Edge Energy. Read More
[March 11, 2010] Financial Times - "Push for clearing houses fails to move oil traders" - By Gregory Meyer, featuring Javier Loya
"Because of potential regulation, we have seen an increase in bilateral business" between large oil companies, added Javier Loya, chairman of commodities broker OTC Global Holdings. Read More
[March 5, 2010] Houston Chronicle, NewsWatch Energy Blog - "New CFTC Rules: the market adapts, says Loya" - Featuring Javier Loya
"The whole industry supports more transparency and greater efficiency in the markets," Loya said at his offices this week. "Some players have had to change how much they trade at times, but the markets remain highly liquid." Read More
[February 25, 2010] Medill Reports - "Insiders forecast a sunny future for CME's new snowfall derivatives" By Brendan Wilkerson, featuring Clinton Kripki
"They're going to have fixed costs with getting contract, meaning staff, trucks, salt, gas," said Clinton Kripki, director of environmental markets for boutique brokerage Choice Environmental. "If snowfall is low, they won't meet those costs." Read More
[January 19, 2010] Medill Reports - "Green Exchange shines spotlight on growing emissions market" By Brendan Wilkerson, featuring Clinton Kripki
Clinton Kripki, director of environmental markets for boutique brokerage Choice Environmental, agrees that the trend of businesses "going green" exists already but sees CME's launch as expediting the process.
"People are taking action on an environmental basis because it is good business practice," Kripki said. "CME's Green Exchange will encourage people to dip their toe in because they have a higher confidence level with the CME. Another exchange doesn't detract from what's already going on." Read More
[January 5, 2010] Choice Environmental LLC Brokers First CME-Cleared Snowfall Trade
Choice Environmental, a portfolio company of OTC Global Holdings (OTCGH), today announced that it has brokered the first CME Group snowfall hedging risk instrument - a snowfall binary option contract for Detroit (DTW). Read More
[December 2, 2009] Financial Times - "US Broker to Open London Office," by Javier Blas, featuring Joseph Kelly
OTC Global Holdings, one of the largest US-based commodidites brokers, plans to open a London office next year, to challenge the dominance of brokerages such as Icap, PVM and Spectron in the European market.
..."We want to be a financial leader," Mr. Kelly told the Financial Times, adding that the broker had already seen a "strong reaction from potential customers." Read More
[December 1, 2009] Mann on the Street - "Creating Preeminent Independent Interdealer Brokerage," featuring Javier Loya
The 2007 launch of OTC Global Holdings was a game-changing event in the still nacent over-the-counter (OTC) commodities space.
..."As the leading liquidity provider in the industry, our goals are to continue attracting the most talented professional brokers in the space and to deliver the transparency and efficiency our customers demand today, tomorrow and beyond." Read More
[August 20, 2009] OTC Global Holdings forms Edge Energy, LLC
HOUSTON/NEW YORK - OTC Global Holdings (OTCGH), the leading independent interdealer broker in the over-the-counter (OTC) space, has announced the formation of its sixteenth portfolio company, Edge Energy, LLC. Read More
[June 3, 2009] OTC Global Holdings acquires an agricultural commodities broker, becomes premier firm in the sector
HOUSTON/NEW YORK - OTC Global Holdings (OTCGH), the leading independent interdealer broker in the over-the-counter (OTC) space, has announced the acquisition of Futures International. Read More
[May 19, 2009] EOXLive announces OTC energy industry's first wholesale electronic fixed price swap and swap spread markets in natural gas
NEW YORK - EOX Holdings LLC, owner and operator of the EOXLive interactive OTC trading platform, announced today that it has added OTC fixed price swaps and swap spreads to its platform for immediate use by brokers and traders. Read More
[May 8, 2009] Energy brokerage company grows again with new entity
OTC Global Holdings Co., a holding firm for independent energy brokerages, has just formed a New York-based subsidiary that marks its entrance into the U.S. natural gas liquids market. Read More
[May 6, 2009] OTC Global Holdings launches new crude options brokerage Riviera Commodities
HOUSTON / NEW YORK – OTC Global Holdings (OTCGH), the leading independent interdealer broker in the over-the-counter (OTC) space, has announced the creation of its twelfth portfolio company, Riviera Commodities. The New York-based subsidiary brokerage is comprised of six brokers that will work in both OTC and NYMEX-listed crude options. Read More
[May 1, 2009] Wall Street Journal Online – “Airlines Return Gingerly to Oil Hedging" By Brian Baskin and Carolyn Cui featuring Javier Loya
NEW YORK (Dow Jones)--Airlines are tiptoeing back into fuel hedging after being burned by last year's wild swings in oil prices.
Lower energy prices are providing a chance for carriers to revamp their hedging programs, where they use futures to lock in fuel costs in advance. As they re-enter the market, airlines are choosing fewer and less-complex instruments to protect themselves against big rises in costs. . . Read More
. . . "In a market where commodity prices are down, it's a favorable environment to hedge,” said Javier Loya, chief executive of OTC Global Holdings, an energy brokerage. "The ironic thing is they don't have the credit to take advantage."
[April 21, 2009] Wall Street Journal Online – “Fuel Consumers Bring Caution To Energy Trades After Losses” by Brian Baskin featuring Javier Loya
NEW YORK (Dow Jones)--Large fuel consumers are opting for scaled-back or simpler futures and options strategies to manage costs, reinforcing a risk-averse atmosphere that has taken hold in energy markets. . . .
. . . "In a market where commodity prices are down, it's a favorable environment to hedge," said Javier Loya, chief executive of OTC Global Holdings, an energy brokerage. "The ironic thing is they don't have the credit to take advantage.". . .
. . . Loya, the broker, said he expects hedgers to return to their old trading habits only when the credit market opens up and energy prices start rising again. “The economy is driving everything," Loya said. "Everything's slow, you've got less (oil) demand, commodity prices are lower, fewer players." Read More
[April 15, 2009] OTC Global Holdings launches natural gas liquids & product options brokerage with formation of Ion Energy
OTC Global Holdings (OTCGH), the leading independent interdealer broker in the over-the-counter (OTC) space, has announced the formation of Ion Energy Group. Based in New York City, Ion marks OTCGH’s entry into the U.S. natural gas liquids (NGL) market and substantially increases its market share in the U.S. product options business. Ion will also be brokering natural gas and crude oil options and offers OTCGH clients unique expertise in these markets. Read More
[February 20, 2009] Derivatives Week -- “Broker Plots Product Expansion” by Katy Burne featuring Javier Loya
Interdealer broker OTC Global Holdings wants to expand its newly launched trade execution platform, EOXLive, which went live Jan. 28 for energy products, into other areas.
EOXLive started with natural gas swaps, transacted over-the-counter between holders of New York Mercantile Exchange swaps and IntercontinentalExchange swaps usually to flatten out exposures. Energy was the first choice, said Joe Kelly, president and coo, because it was seen as the most liquid area.
The platform takes a series of quotes from brokers in OTC Global subsidiaries and aggregates them for clients on-screen, eliminating the need for several phone calls. “The business was done by voice [before] and [now] we¹re asking our brokers to transact electronically,” said Javier Loya, chairman and ceo. “It dovetails with what regulators are looking for on transparency and efficiency.” Following the launch, OTC Global will start to focus on crude options and swaps, heating oil and other gasoline products, as well as instruments for each of the agricultural products it is involved in: coffee, cotton, sugar and cocoa. But it needs regulatory clearance first. Some products, such as liquefied natural gas swaps, are best served by voice because they are not sufficiently commoditized, said Loya. Most of the end users OTC Global works with are financials.
[February 4, 2009] OTC Global Holdings named a “2008 Deal of the Year” by Energy Risk Magazine
OTC Global Holdings LP (OTCGH), the leading independent interdealer broker in the over-the-counter (OTC) commodity markets, announced today that renowned international trading and risk management industry publication, Energy Risk, has honored OTCGH as one of its top “Deals of the Year” for 2008 in recognition of the company’s unique business model. Read More
[January 2009] Energy Risk 2008 Deal of the Year: OTC Global Holdings creates new brokerage business model
In July 2008, OTC Global Holdings (OTCGH) announced its formation, uniting six independent brokerages in the over-the-counter (OTC) commodities sector. In just six months it has grown to 14 subsidiaries, 110 brokers, and is the largest liquidity provider to Nymex Clearport. Its growth has significantly outpaced the market, with revenue gains of 40% for 2008.Read More
[January 28, 2009] OTC Global Holdings introduces EOXLIVE interactive trading environment
OTC Global Holdings LP (OTCGH), the leading independent over-the-counter (OTC) interdealer broker, announced today the formation of a new subsidiary, EOX Holdings LLC (EOX). Read More
[December 15, 2008] OTC Global Holdings outpaces market with double-digit growth in 2008; To deepen liquidity and increase asset diversity in 2009
OTC Global Holdings (OTCGH), the leading independent interdealer broker in the over-the-counter space, has announced the formation of its ninth portfolio company, Pinnacle Derivatives. Read More
[December 2, 2008] OTC Global Holdings forms Pinnacle Derivatives
OTC Global Holdings (OTCGH), the leading independent interdealer broker in the over-the-counter space, has announced the formation of its ninth portfolio company, Pinnacle Derivatives. Read More
[November 16, 2008] Wall Street Journal -- "Talking About Trades" by Brian Baskin featuring Javier Loya
Mr. Loya sees clearing as a way for over-the-counter commodities markets to survive both the credit crunch and calls from Congress to limit the size and scope of trading. He spoke with The Wall Street Journal at the
[October 9, 2008] Wall Street Journal Online -- "Lacking Credit, Trust, Banks Exiting Physical Energy Markets" by Brian Baskin featuring Javier Loya
"We have seen trading companies and major oil and gas companies reduce counterparty exposure to financial institutions," Mr. Loya said. "Because of the credit crisis, financial institutions, in turn have reduced their inventories." Read More
[September 26, 2008] OTCGH named one of Houston's Fastest Growing Businesses
In recognition of the company’s unprecedented growth in 2008, leading independent over-the-counter interdealer broker OTC Global Holdings (OTCGH) was named to the Houston Business Journal’s Fast 100 today. The list, produced annually, recognizes the city’s fastest growing businesses. Read More
[September 26, 2008] Hedge Funds Review Magazine -- "OTC Global Holdings, an OTC broker, has entered into the soft agricultural assets class"
[September 23, 2008] OTC Global Holdings expands into soft agricultural commodities with acquisition of eighth brokerage
[September 3, 2008] OTC Global Holdings announces formation of Valence Energy
[September 3, 2008] Houston Chronicle -- "Brokerage adds portfolio company" article featuring Valence Energy
[August 31, 2008] Wall Street Journal Online -- “Natural-Gas Traders Watch Calmly, Closely” by Carolyn Cui featuring Joe Kelly
[July 1, 2008] Energy Risk -- “Power in Numbers” by David Watkins with Javier Loya
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