News
OTCGH’S EOXLIVE PLATFORM BROKERS MORE THAN 40 PERCENT OF NATURAL GAS OPTIONS BLOCK MARKET IN AUGUST
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...Analysis: With no alternative to China, US soybean farmers face high stocks, low prices
by Asim Anand, September 5, 2019 New Delhi — Growing uncertainty around the US-China trade dispute has left American farmers grappling with high soybean stocks and falling soybean prices, as they face limited options in selling their inventory. US...OTC GLOBAL HOLDINGS ANNOUNCES ADDITION OF AARON EASTERLING TO HELP ATTRACT ADDITIONAL TOP TALENT
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...On the Brink of Blackouts, Texas Makes Case for New Plants
by Chris Martin and Naureen S Malik, August 14, 2019 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...ERCOT real-time wholesale power prices spend hours above $2,000/MWh
by Mark Watson, August 13, 2019 Houston — As the Electric Reliability Council of Texas’ power demand neared another record for peakload Tuesday afternoon and ERCOT called for energy conservation, real-time wholesale power prices, including congestion and price...Power demand, prices soar with temperatures
by L.M. (Wooty) Sixel, August 13, 2019 The heat wave blanketing Texas drove wholesale power prices to record levels Tuesday as triple-digit temperatures strained electricity supplies, spurred calls for energy conservation and drew the Texas power grid perilously close...Power Blows Past $9,000 Cap in Texas as Heat Triggers Emergency
by Chris Martin and Naureen S Malik, August 13, 2019 Electricity prices briefly surged past a $9,000 a megawatt-hour price cap in Texas as extreme heat sent power demand skyrocketing and forced the state’s grid operator to declare an emergency. As temperatures in...ERCOT’s extreme prices unlikely to result in new thermal generation: experts
by Mark Watson, August 14, 2019 Houston — The Electric Reliability Council of Texas’ systemwide real-time wholesale power prices on Tuesday spent more than four hours above $1,000/MWh and 90 minutes around $9,000/MWh, but industry observers Wednesday said they...OTC GLOBAL HOLDINGS ANNOUNCES EXPANSION OF EOD MARKET DATA REPORTING TO SPAN TIME ZONES ACROSS THE GLOBAL MARKETPLACE
OTC GLOBAL HOLDINGS ANNOUNCES EXPANSION OF EOD MARKET DATA REPORTING TO SPAN TIME ZONES ACROSS THE GLOBAL MARKETPLACE LONDON (12 August 2019) – OTC Global Holdings (OTCGH), the leading independent interdealer broker in over-the-counter commodities, announced today...OTC GLOBAL HOLDINGS LAUNCHES EUROPEAN NATURAL GAS & POWER DATA OFFERING
LONDON (22 July 2019) – OTC Global Holdings (OTCGH), leading independent interdealer broker in over-the-counter commodities, announced today the availability of its latest data product, European Natural Gas & Power (EUGP) Forward Curves powered by EOXLive. The new...
Press and Media
OTC GLOBAL HOLDINGS ANNOUNCES THEIR PARTNERSHIP WITH TECHNICAL ANALYSIS AND CHARTING SOFTWARE PROVIDER UPDATA
OTC GLOBAL HOLDINGS ANNOUNCES THEIR PARTNERSHIP WITH TECHNICAL ANALYSIS SOFTWARE PROVIDER UPDATA
LONDON (11 June 2020) – OTC Global Holdings (OTCGH), the leading independent interdealer broker in over-the-counter commodities, has further expanded its data services with the announcement of their partnership with technical analysis and charting software provider, Updata.
Updata was founded over 20 years ago with the aim of delivering the best technical analysis software running on as many data sources as possible. Updata’s software is used by professional traders and analysts in over 50 countries and has won the award for best Technical Analyst Platform on numerous occasions. Updata Analytics is widely used by energy traders globally for its pre-trade analysis and price prediction capabilities. The system comes with over 1,000 built in custom indicators and trading strategies. Reports can also be automated with modelled prices, curves and historical curves overlaid on charts.
“We are excited about our partnership with Updata and we look forward to working with them”, commented Campbell Faulkner, Senior Vice President and Chief Data analyst at OTC Global Holdings (EOXLive).
“Updata Analytics is a cost-effective desktop software solution adding an extra dimension for traders, analysts, and risk managers when utilising OTC Global Holdings (EOXLive) data products” he added.
“We are delighted to have integrated OTC Global Holdings (EOXLive) data products into Updata Analytics. The depth and breadth of the data for crude oil, refined products, natural gas and power with curves far out into the future is unrivalled. This will add a powerful extra for Updata Analytics users in the energy trading community.” David Linton, CEO Updata.
As with all OTCGH Market Data products the data reports draw from the deep liquidity of OTCGH’s breadth of brokerages and leverage the company’s well-known EOXLive broking/trading platform. This is combined with algorithmic modelling to ensure consistent, unbiased, and robust datasets. The superior approach removes the externalities found in hand marked broker curves while also combining superior model inputs lacking in third party price reporting agencies.
OTC Global Holdings (EOXLive) is continuously expanding its suite of data resources which currently includes end-of-day forward curve reports for: North American (NA) Natural Gas Basis and Power forward curves each with 120 months of monthly granularity, NA Natural Gas implied volatilities covering basis options markets data, Power implied volatilities covering NA electricity options, global Natural Gas Liquids forward curves, NA Power/Natural Gas forward correlations, global Crude Oil forward curves, global Coal forward curves, global Freight forward curves, European NGLs, global Refined Products, European Crude Oil, Refined Products forward curves and European Natural Gas & Power forward curves.
For more information about OTCGH please visit www.otcgh.com and to learn more about EOXLive, visit the www.otcgh.com/eox or contact EOXLive via email at operations@eoxlive.com or phone: 877-737- 8511.
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.
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.
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OTC GLOBAL HOLDINGS PARTNERS WITH SENECA TO LAUNCH FIRST OF ITS KIND HEALTH AND WELLNESS INITIATIVE PROMOTING PRODUCTIVITY, WELL-BEING AMONGST ITS BROKERS
Spearheaded by Former Employee at Firm’s London Office, Effort Seeks to Follow Professional Sports Approach by Creating Pre-conditions of Elite Performance Through Mental and Physical Support
LONDON (27 January 2020) – OTC Global Holdings (OTCGH), the leading independent commodities interdealer broker, announced today that it is partnering with Seneca, a revolutionary system of physical and mindset coaching for elite professionals designed to create a foundation of wellness to boost the performance of both the individual and the business, to pilot a first of its kind health and wellness programme to increase productivity and well-being in the workplace.
“This programme is a result of my ongoing efforts to help others discover the joys and benefits of pursuing a healthier lifestyle,” said Andy Ramage, founder of Seneca and OTCGH subsidiary company Aalpha Energy. “Having seen how improving my daily habits ultimately leads to a more productive personal and professional life while I was working at OTC Global Holdings as a broker, I am very excited to launch this programme where my quest started. Hopefully it inspires not just my former colleagues but others within the financial industry to pay attention to this long-ignored issue.”
As part of the partnership Seneca will deliver a unique in-office training programme for the brokers at the firm’s OTC Europe office in London, beginning with Ramage’s former Aalpha Energy team. The programme, which includes a pop-up gym to encourage healthy habits, seeks to help participants begin making more positive lifestyle choices that lead to increased vitality, longevity, retention and performance to potentially increase revenues. It’s delivered over eight weeks and includes a physiological and mindset component with former Westham and Scotland Captain Christain Dailly (Bsc), who runs the physiological coaching plan.
“Andy has been an inspiration to all of us at OTC Global Holdings,” said Joe Kelly, OTCGH’s president and Co-CEO. “We are looking forward to joining him in his campaign and taking on this challenge to bring fitness, both mental and physical, into the workplace. Our hope is that we can grow together as a team while also improving ourselves as individuals through this pilot programme.”
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.
About Seneca
Seneca Performance: Rewriting the rules of success. Whereas big-sport offers it’s talent a whole host of elite level support, big-business, in general, offers little or nothing at all. Seneca aims to bridge this gap, treating its business professionals like office-athletes.
Andy Ramage (MSc) former athlete, broker, author and entrepreneur and former Westham and Scotland Captain Christian Dailly (BSc) have created a revolutionary system of physical and mindset coaching for elite professionals designed to create a foundation of wellness to boost the performance of both the individual and the business.
To learn more, please visit www.senecaperformance.com.
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Contact: Amy West
713-627-2223
awest@piercom.com
OTC GLOBAL HOLDINGS’ ION ENERGY GROUP LAUNCHES PHYSICAL LPG PRODUCT AND FREIGHT BROKERAGE DESK, WELCOMES FORMER TRADER PATRICK GORGUE TO LEAD EFFORT WHICH WILL FOCUS ON EUROPEAN AND ASIAN MARKETS
NEWS RELEASE
HOUSTON (December 26, 2019) – ION Energy Group, the largest natural gas options broker in the world and a portfolio company within leading independent interdealer broker OTC Global Holdings (OTCGH), today announced the establishment of a physical freight brokerage desk and the addition of former trader Patrick Gorgue as desk head.
“Patrick brings unparalleled experience to this new opportunity and comes to ION at an exciting time,” said Sid Perkins, founder and managing partner of ION Energy Group. “As we look to expand our footprint, we need to hire experienced individuals like this who can grow specific new areas of our business. We look forward to seeing Patrick replicate his previous successes in the physical global markets he’ll be focused on.”
Prior to joining ION Gorgue worked at Vitol for eight years and ran the firm’s LPG desk in their Houston office. In addition, he traded European LPG for Morgan Stanley in London and worked at Louis Dreyfus in Houston and Wilton, Conn.
“I am eager to get to work with Sid and my new colleagues to build out the product and freight brokerage desk focused on international LPG markets,” added Gorgue. “The tremendous growth of these markets lately is just the beginning, and they present incredible opportunities for an industry leader like ION.”
For more information about OTCGH and ION Energy Group visit www.otcgh.com. To contact Gorgue directly please use: gorgue.p@ionenergygroup.com / (713) 358-5450 / gorguep3 (ICE Chat).
About ION Energy Group
Founded in 2008 by Sid Perkins and based in New York, London and Houston, ION Energy is a portfolio company of OTC Global Holdings and a brokering group of EOX Holdings that offers clients brokering services and expertise in natural gas liquids (NGL), product options and the natural gas and crude markets.
Contact: Amy West
Pierpont Communications
(713) 627-2223
awest@piercom.com
OTC GLOBAL HOLDINGS CLOSES OUT DECADE WITH CONTINUED INVESTMENTS IN GLOBAL TALENT, EXPANSION OF DATA SERVICES OFFERINGS INTO EUROPE
NEWS RELEASE
HOUSTON (December 16, 2019) – OTC Global Holdings (OTCGH), the leading independent commodities interdealer broker, concluded another milestone year marked by further investments in global talent and the expansion of its data services offering for clients across markets.
Talent has long been a key differentiator for the firm, and 2019 was no different as it invested in individuals across the globe who can drive market growth, including:
- Daniel Porton joined OTCGH as Market Data Business Development Manager and Head of Sales for Europe and Asia. Porton has over 12 years of experience in multi-asset sales and relationship management working in financial markets and is based out of London.
- Aaron Easterling, who brings more than 13 years of experience leading talent initiatives in global alternative investment management to the company, joined OTCGH as Vice President of Business Development. Easterling is responsible for helping the firm identify and recruit premier candidates to OTCGH’s nearly 20 independent brokerage shops across the globe.
- Het Shah, who brings more than 15 years of experience in trading, research and product development to the firm, joined OTCGH’s ION Energy Group in New York as a head of research. Shah is helping further build out the company’s rapidly expanding research capabilities.
- Thomas Blakeslee, a 25-year energy veteran, joined OTCGH’s Choice! Power desk in New York. He has two plus decades of experience in trading oil, power and gas, and 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.
OTCGH also announced the availability of its latest data product, European Natural Gas & Power (EUGP) Forward Curves powered by EOXLive. The EUGP product covers daily assessments of 40 fixed price locations and joins the continuously expanding suite of data resources from OTCGH, including existing European offerings like NGLs, Refined Products, and Crude Oil as the firm continues to expand its market data offerings into Europe and Asia.
In addition, the company expanded its EOD market data reports powered by EOXLive to be generated multiple times throughout the global business day to provide continuous coverage to clients across all continents. In addition to the EOD market data reports EOX already generated before 3:00 p.m. CT daily, the company began generating EOD market data reports for every asset class it marks five times daily.
Thanks to the continued support of OTCGH’s brokers, the company also saw continued growth of the client base for its EOXLive platform. This resulted in more trader-to-trader interaction and a record-setting volume total in August, brokering more than 40 percent of the total Natural Gas Options block market (ICE, CME and NFX).
Finally, the company was honored as the 2019 “Broker of the Year” by Energy Risk, an internationally recognized publication in the global trade and risk management industry. This is the fourth time in nine years the firm has received the recognition.
“This year has been a testament to OTC Global Holdings’ steadfast position in the global marketplace. We have made great investments in our people and products, which directly impact the level of service and intelligence we are able to provide our clients with,” said Javier Loya, OTCGH’s chairman and Co-CEO. “As the year comes to an end, we are looking forward to accomplishing even greater milestones in 2020 and the coming decade, including enhancing our technology and data offerings to diversifying our portfolio of services. However, continuing to provide the best client experience and service in the business will remain at the core of everything we do and that starts with having the best people.”
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 West
Pierpont Communications
(713) 627-2223
awest@piercom.com
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