What We Do
EOXLive is an advanced Hybrid Voice/Electronic Trading Platform specifically created by OTC Global Holdings to deliver unparalleled insight, pre-trade and last-traded information and unmatched liquidity for commodity markets. The platform provides a transparent view of market events, and allows clients to execute complex orders online.
Test drive EOXLive today to get a first-hand glimpse into the future of trading.
MARKET DATA SERVICES
Each day, OTC Global Holdings (OTCGH) executes hundreds of orders within the family of energy brokerage companies, which enables the market data team to offer:
- Aggregated historical trade/quote data across all OTCGH entities
- Algorithmically generated forward curves and implied vols.
- End of day reports for: Natural Gas, Power, NGL, Refined Products, and Crude Oil
- Intraday reports for: hourly Henry Hub implied volatilities
EOX Holdings, LLC is registered as an Introducing Broker with the CFTC and a member of the NFA. EOX Introducing Broker (IB) Services:
- Introducing emerging commodity Hedge Funds and CTAs to industry leading FCMs and Service Providers
- Discovering high-pedigree, emerging commodity talent
- Providing Capital Introductions to Fund Managers and CTA’s – whether launching, emerging or expanding fund allocations
Press and Media
OTC GLOBAL HOLDINGS’ CHOICE! PRODUCTS
ADD ENERGY VETERSAN RALPH TAPIA AS DERIVATIVES BROKER
HOUSTON (October 21, 2019) – Choice! Products, part of leading independent interdealer broker in over-the-counter commodities OTC Global Holdings (OTCGH), today announced the addition of Ralph Tapia as a Derivatives Broker for their Refined Products Desk. Tapia’s focus will be Gulf Coast Physical Distillates, NYMEX Futures and other energy products.
“At OTCGH we understand that only by hiring top tier talent like Ralph will we be able to continue meeting shifting client demands in this evolving marketplace,” said Javier Loya. “His broad industry experience will be a tremendous resource for the Choice! team, their clients and our entire firm.”
Tapia brings more than 12 years of industry experience to the desk, ranging from tax accounting to refinery logistics, and distillate blending to banking. He earned his BBA in accounting and finance from the University of Texas at San Antonio.
“Choice! has a solid gasoline program in place, and there is huge potential to grow the distillate desk with our current team,” added Tapia. “I am very excited to join their Products Desk and know that OTCGH’s leadership will continue to position the firm for success in today and tomorrow’s marketplace.”
For more information about Choice! Products and OTC Global Holdings please visit www.otcgh.com.
About Choice! Products
Founded in 2013, Choice! Products is one of the leading brokerage groups in Refined Products.
About OTC Global Holdings
Contact: Amy Lach
HOUSTON (September 9, 2019) – Leading independent interdealer broker OTC Global Holdings (OTCGH) announced that in August 2019 its EOXLive platform brokered more than 40 percent of the total Natural Gas Options block market (ICE, CME and NFX).
“Innovations like EOXLive, which provides our clients with unmatched market insight, are critical in today’s market,” said Javier Loya, Chairman and Co-CEO of OTCGH. “Thanks to continued support by our brokers we are seeing greater adoption of the platform and able to further set OTC Global Holdings apart from its peers.”
EOXLive, which allows users to trade directly on screen without having to pick up the phone, includes pre-trade markets and last-traded prices for natural gas options and leverages OTCGH’s strong blocks to provide unique market intelligence and transparency. Recent updates to the platform also now automatically load indicative bids and offers from IM blasts, making it easy to manage and execute orders, and provide users instant access via a web-based platform, free embedded option pricing and analytics grids as well as a robust Markets Page.
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.
About OTC Global Holdings
About EOX Holdings LLC
EOX Holdings LLC (EOX) is registered as an Introducing Broker with the National Futures Association (NFA). EOX delivers unique and comprehensive market data, introducing broker (IB) services and the EOXLive platform. EOXLive provides order and trade management, confirms, reporting and clearing for thousands of trader, hedger and market maker accounts. EOXLive Active Markets delivers comprehensive on-screen price discovery while keeping the important human element in the trader and broker relationship. Leveraging the liquidity of nearly 20 brokerage shops across the commodity spectrum, EOXLive customers have transparency and execution capabilities so they can trade like never before. EOX Holdings LLC is a wholly owned subsidiary of OTC Global Holdings.
Contact: Lauren Gray
HOUSTON (August 21, 2019) – OTC Global Holdings (OTCGH), leading independent interdealer broker in over-the-counter commodities, today announced the addition of Aaron Easterling as Vice President of Business Development. Easterling, who brings more than 13 years of experience leading talent initiatives in global alternative investment management to the company, will be responsible for helping the firm identify and recruit premier candidates to OTCGH’s nearly 20 independent brokerage shops across the globe.
“At OTCGH we are focused on growing two things in order to continue succeeding, our people and technology resources,” said Javier Loya, OTCGH’s chairman and chief executive officer. “However, we fully realize that without great people the best technology in the world is useless. We’re excited to welcome a seasoned professional like Aaron to this team and know that he will only help us further enhance the quality of employees at this company as well as that this will lead to even better client service in the end.”
Prior to joining OTCGH, Easterling was the Chief Human Resource Officer and Portfolio Manager for Velocity Merchant Energy LP for more than 10 years. Easterling, who has a bachelor’s degree in business management from Southeastern Oklahoma State University, also previously served in various Talent Acquisition and Account Management roles with HBK Capital Management, Countrywide Financial and Management Alliance Group.
“While many companies search for a ‘silver bullet’ among the continued changes in the market, OTCGH knows that it starts with great people and is willing to invest in this belief by hiring the best to continue providing unparalleled customer service to its clients,” added Easterling.
For more information about OTCGH please visit www.otcgh.com.
About OTC Global Holdings
It may be time to start building power plants in Texas again.
The state’s generators made a killing this week as unrelenting heat sent electricity prices skyrocketing to unprecedented levels, briefly blowing past a $9,000 a megawatt-hour ceiling. That put producers more than two-thirds of the way toward profits that the state’s power market monitor says could touch off a power plant build-out. And the region’s only halfway into the cooling season.
“We need these kinds of days” to demonstrate that the state is ripe for new plants, Scott Burger, an energy research fellow at the Massachusetts Institute of Technology, said in an interview.
An expansion would make for a dramatic turnaround in the Lone Star State and stand in stark contrast to the glut of generation nationwide. The U.S. has become so awash in cheap natural gas and renewable power resources in recent years that electricity prices have, in some places, plunged below zero. This supply excess has forced massive, aging coal-fired power plants to retire, leaving a void that wind farms were expected to more than make up for in Texas.
Texas, however, is facing record electricity demand, especially in the west where power-hungry shale drillers are exploring for oil and gas. And winds weren’t strong enough to rescue the region earlier this week as Dallas baked in 103-degree Fahrenheit (39-degree Celsius) weather. Generation from turbines has plunged for three straight days.
“I like renewables and having our grid have a lot of wind in the mix,” said Campbell Faulkner, chief data analyst for commodities broker OTC Global Holdings. But to keep the system running, he said, Texas needs other power generation resources.
The last gas-fired plant that came into service in the region was actually an old one that NRG Energy Inc. resurrected in May to cash in on the gain in power demand. Meanwhile, in the last six months of 2018, three gas-fueled projects and five wind projects were canceled. Another 2,485 megawatts of gas, wind and solar projects were delayed, according to grid operator Electric Reliability Council of Texas.
Faulkner sees this week’s price spikes as a wake-up call for Texas, one that could bolster the case for a so-called capacity market in which power generators are paid to guarantee future supplies. “They are going to either have to move to a capacity-market style or you are going to see some weird things happen in the summertime,” he said.
Houston remains under a heat advisory through 7 p.m. Wednesday, but the high likely won’t surpass 100 degrees, according to the National Weather Service. Electricity consumption is forecast peak today at around 72,000 megawatts, Ercot said. That’s below the record set Monday of 74,531 megawatts.
On Monday, wholesale power jumped 36,000% to average as much as $6,537.45 a megawatt-hour across the Texas grid. It surged more than 49,000% on Tuesday to hit the $9,000 price limit that Ercot set to avoid runaway prices under extreme circumstances. Other markets rode that surge, too. Futures prices for power next July and August also jumped to the highest in five months, and the Ercot North daily price settled at a record $1,400 a megawatt-hour Tuesday on the Intercontinental Exchange.
The grid operator warned of power shortages on Tuesday. For the first time since January 2014, it declared an energy emergency, calling on all power plants to ramp up and asking customers to conserve. At one point on Tuesday afternoon, the region’s power reserves had dwindled to a record 2,121 megawatts, less than 3% of total demand on the system.
Monday’s rally alone “made lots of money” for generators, said Beth Garza, director of independent market monitoring for Ercot. Power generators NRG and Vistra Energy Corp. rallied, gaining 1.9% and 2.4%, respectively, on Tuesday.
While steep, the price spikes proved short-lived. They lasted all of five hours on both Monday and Tuesday. By Tuesday evening, power demand had fallen and temperatures were back in the 90s. Power was trading at around $25 a megawatt-hour.
At 5:30 p.m. local time, Ercot declared that it had returned to “normal grid conditions.”
Please find the article linked here and full coverage in the email below:On the Brink of Blackouts, Texas Makes Case for New Plants