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Recently Created Desk’s Growth Spurred by Interest in the Biodiesel Physical Trading Space
LONDON – (13 May 2014) – P&P Oil, a division of OTC Europe, today announced the addition of three brokers to its Biodiesel desk. The desk, formed in February 2013, has been hugely successful because it leverages the scale and liquidity of OTC Europe and its parent company, US-based OTC Global Holdings.
Established and led by experienced broker Christian Fitkin, the Biodiesel desk welcomes James Standage, Oliver Sheath and Taz Arif. The three join Fitkin and Tony Timmings, bringing more than a decade of experience in over-the-counter trading and industry expertise.
“We’re seeing tremendous growth and interest in the biodiesel physical trading space, and in order to continue exceeding client expectations as well as stay ahead of industry trends we need the best and brightest talent in the market,” said Fitkin, manager, P&P Oil Biodiesel. “James, Oliver and Taz are valuable additions to our team and will serve our clients well with their industry relationships and insights.”
Standage and Sheath join the team to broker physical products, offering more than 10 years combined experience in the industry and in-depth knowledge of the European market. They will cover Northwest Europe, notably the UK, Germany, and ARA hub, over the full product range, UCOME, TME, RME, PME and FAME.
Standage attended at St. Andrews University, Scotland, and graduated in 2004 with an MA. After working for HBI S.A., Standage moved to Oil Brokerage Ltd in 2008 where he launched the biodiesel desk and created a successful team.
Sheath also attended St. Andrews University and graduated with an MA in Modern History with Spanish in 2004. After initially playing professional rugby in Italy he then worked in sports sponsorship with the International Tennis Federation and Fulham Football Club, before joining forces with Standage at Oil Brokerage Ltd in 2009.
Like his colleagues, Arif is joining the P&P Oil Biodiesel desk from Oil Brokerage Ltd, where he had more than two years of experience within the company’s biodiesel broking unit running the swaps book. He also worked for its gasoline division covering East/West and Med/North markets and is a graduate from the University of Nottingham with four additional years of financial sales experience prior to entering the commodities industry. At his role, Arif will manage financial biodiesel products.
“The addition of thee new brokers to the P&P Oil Biodiesel desk is further proof of the success and growth of our operations in London,” said Joe Kelly, president and COO, OTC Global Holdings (parent company of OTC Europe). “OTC Europe and each of its desks offer a great depth of industry knowledge and trading insight. When coupled with the deep liquidity and flexible structure of our company, the benefit to our clients is truly unmatched.”
OTC Europe’s office is located at 17 Moorgate, 4th floor, London, United Kingdom, EC2R 6AR. For more information about OTC Europe or its divisions, visit www.otcgh.com or call +44 (0) 20 7726 8601.
About OTC Global Holdings LP
Formed in 2007, OTC Global Holdings is headquartered in Houston and New York, with additional offices in Chicago, Jersey City, London and Louisville. It is a leading independent interdealer broker in over-the-counter commodities and the largest liquidity provider to CME ClearPort and ICE Clear U.S. Through its subsidiaries the company holds a dominant market share in the U.S. and Canadian natural gas markets, the U.S. power markets, crude oil and crude oil options, crude oil products and crude oil product options, agricultural and soft commodities, as well as structured weather and emission derivatives. The company serves more than 250 institutional clients, including 45 members of the Fortune 500, and transacts at over 150 different commodity delivery points. To learn more about the company, please visit www.otcgh.com or go to http://bit.ly/OTCYouTube.