Press and Media
AALPHA ENERGY FORMS OIL OPTIONS DESK IN LONDON
Desk complements Aalpha’s already robust crude offerings for global clientele, further bolsters OTCGH’s options market share.
LONDON – (17 May, 2016) – OTC Europe, LLP, today announced an addition to its rapidly-growing Aalpha Energy team with the formation of a new desk operating in the oil options market.
Led by veteran broker Tim Sykes, the new desk will operate out of leading independent commodities interdealer broker OTC Global Holdings’ (OTCGH) OTC Europe office in London. It will broker crude oil and product options across the globe and work closely with the existing Aalpha Energy teams in the U.S. and UK to leverage the company’s unique hybrid model that provides clients with deep knowledge of every aspect of the crude market. In addition, it will further bolster parent company OTCGH’s significant and expanding market share in the options space.
“I am excited to join both this growing team and company,” said Sykes. “The need for oil options broking and trading continues to grow, thanks to turmoil in the crude market. Working in tandem with Aalpha’s other brokers allows us to draw upon an unparalleled pool of liquidity for our clients. At the same time, OTC Global Holdings’ business model provides the flexibility necessary for us to continue expanding as well as to diversify our operations so that we will always exceed client expectations.”
Prior to joining OTC Europe, Sykes spent nine years at PVM where he helped build the oil options desk from scratch.
The addition of Sykes and the oil options desk to the already well-established Aalpha Energy group, which operates from the world’s premier financial hubs including London, New York and Houston, furter reinforces its status as a premier global options broker.
OTC Europe’s office is located at10 Finsbury Square, 5th floor, London, United Kingdom, EC2A 1AF. For more information about OTC Europe or its divisions, visit www.otcgh.com or call +44 (0) 20 7726 8601.
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 and New York. 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: Brittney Garneau
+1 713 627-2223
OTC GLOBAL HOLDINGS VOTED TOP BROKER IN FOUR ENERGY RISK ANNUAL COMMODITIES RANKINGS SURVEY CATEGORIES
HOUSTON (January 25, 2016) – OTC Global Holdings (OTCGH) today announced that they have been voted the best broker in four Energy Risk magazine annual commodities rankings survey categories, including:
Henry Hub Brokers
- Natural Gas – Eastern U.S. & Canada Brokers
- Natural Gas – Western U.S. & Canada Brokers
- Natural Gas Liquids Brokers
In addition, the leading independent commodities interdealer broker was the most improved broker in the overall rankings, earning the position of fifth best overall broker. The company also placed second in the Refined Products Broker category, second in the U.S. Power Brokers category, fifth in the Energy Broker category, fifth in the Oil and Products Brokers category and fourth in the Natural Gas Brokers category.
“We are honored that our clients voted OTCGH the best broker in four different categories, among other designations, and want to thank them for their continued support,” said Javier Loya, OTCGH chairman and CEO. “We also want to thank our brokers, who have worked tirelessly to make OTCGH the premier independent commodities IDB in the industry today. As evidenced by this recognition, OTCGH’s unique position as the last remaining major independent in this business, coupled with our unmatched liquidity and visibility into the market, creates an unmatched experience for our clients.”
Forty one natural gas option trades representing 12,300 lots occur in one day on leading IDB’s first of its kind offering for U.S. energy markets. . .
HOUSTON (February 10, 2016) – OTC Global Holdings (OTCGH), the leading independent commodities interdealer broker, announced today that on February 9, 2016 its EOXLive platform generated a record number of trades executed by traders interacting directly with the screen. EOXLive, a hybrid broking/trading platform for block futures transactions, is operated by OTCGH subsidiary EOX Holdings LLC and complements traders’ customary interaction with EOX voice brokers.
Forty one natural gas options trades representing 12,300 lots were negotiated directly on the platform, significantly eclipsing the previous high. Each trade on EOXLive is bilaterally confirmed by an EOX voice broker, who is also responsible for generating an electronic ticket for buyers and sellers to minimize the chance of an error or misunderstanding.
EOXLive allows users to negotiate, execute and confirm block trades directly on the screen. The platform leverages OTCGH’s strong market share to provide unique market intelligence and transparency and includes pre-trade markets and last-traded prices for natural gas options.
In addition to natural gas, the EOXLive platform supports trading in the full spectrum of bilateral and exchange-traded commodities, both physical and financial, including power, petrochemical, crude, refined product, metal, agricultural, weather and environmental markets.
The new desk will be part of the company’s P&P Oil team and will broker physical middle distillates with the goal of optimising European and Transatlantic distillate flows. It will be led by Matt Arrowsmith and supported by Paul Witcomb, who have a combined nearly 40 years of industry and trading experience, and will work with oil majors, trading houses and other market participants.
“I am excited about taking on the challenge of building a broking business from scratch,” said Arrowsmith. “OTC Europe’s impressive track record of building thriving physical commodity broking teams, combined with its in-house futures, derivatives and operations teams, provides an unrivalled environment for client success and business growth.”
Prior to joining OTC Europe, Arrowsmith was a physical distillates broker with Jackson Son & Co. He also held trading and leadership positions with Itochu and PetroIneos, respectively. Witcomb most recently spent three years at Jackson Son & Co. where he was responsible for building up and growing the company’s activity in the Mediterranean region. Before this, he worked with Phillips Petroleum, Westport Petroleum and Itochu over a period of more than two decades.