History & Timeline

OTC Global Holdings History and Timeline

OTC GLOBAL HOLDINGS HISTORY AND TIMELINE

From our humble beginnings in March 2007, when co-founder of OTC Global Holdings (OTCGH) Javier Loya moved from being CEO of Houston-based energy firm Choice Brokerage and then acquired Choice Natural Gas, LP and Choice Power, LP to today, OTCGH has been about growth. Nearly every month for the past decade, there have been additions to the OTCGH team of companies and the global commodities powerhouse continues to thrive and grow.

For years, we have been leading the industry in offering actionable and timely market data and brokerage support and continue to grow our partnerships with data aggregators and independent brokerage firms to this day. Our advanced trading analytics are now used by large corporations and individual investors in the energy commodity space around the world, and our client list includes some of the most impressive names in the industry.

We are continuing to push and grow, rewriting what it means to be an independent institutional broker of commodities, with offices around the world from Chicago, New York, and New Jersey, to London, Geneva, and Singapore. We are now a leading liquidity provider on ICE, CME, and NFX, and serve more than 450 institutional clients.

July 2019

-OTC Global Holdings launches European Natural Gas & Power Forward Curves powered by EOXLive

May 2019

-OTC Global Holdings recognized as 2019 “Broker of the Year” by EnergyRisk for a fourth year

September 2018

-OTC Global Holdings further enhances EOXLive platform with integration of real-time analytics

August 2018

-OTC Global Holdings’ EOXLive brokers one millionth transaction

July 2018

-OTC Global Holdings launches Freight Forward Curves powered by EOXLive

May 2018

-OTC Global Holdings offers Coal Forward Curves powered by EOXLive

March 2018

-OTC Global Holdings’ Choice! Natural Gas voted top broker in the North American Natural Gas – Henry Hub Category in the Energy Risk magazine annual commodities rankings survey

January 2018

-OTC Global Holdings’ Choice Natural Gas named “Best Broker in Weather Risk Management in North America” by Environmental Finance for second consecutive year

December 2017

-OTC Global Holdings’ Choice Natural Gas brokers first CME Bitcoin Futures Block trade

-OTC Global Holdings celebrates 10th anniversary

-OTC Global Holdings’ Ion Energy Group brokers first Natural Gas Liquids (NGL) Block trade on the Nasdaq Futures Exchange (NFX)

October 2017

-OTC Europe, LLP acquires Oil Brokerage Limited in London

September 2017

-OTC Global Holdings hosts the company’s first Charity Day, benefitting Hurricane Harvey relief

August 2017

-OTC Global Holdings’ ION Energy Group rang the Nasdaq Closing Bell

May 2017

-OTC Global Holdings recognized as 2017 “Broker of the Year” by EnergyRisk for a second straight year

February 2017

-OTC Global Holdings’ Joe Kelly named Co-CEO

January 2017

-OTC Global Holdings forms OTC Asia in Singapore

December 2016

-OTC Global Holdings’ Choice Natural Gas named “Best Broker in Weather Risk Management in North America” by Environmental Finance

September 2016

-OTC Global Holdings launches upgraded EOXLive Active Markets platform

May 2016
-OTC Global Holdings recognized as 2016 “Broker of the Year” by EnergyRisk
-OTC Global Holdings’ Aalpha Energy forms crude oil options desk in London
-OTC Global Holdings’ Choice! Power brokers the first power options trade on the Nasdaq Futures Exchange

April 2016
-OTC Global Holdings voted top broker in four Energy Risk Rankings categories
-OTC Global Holdings’ P&P Oil forms middle distillate desk in London
-OTC Global Holdings’ ION Energy Group brokers first screen trade on EOXLive

September 2015
-OTC Global Holdings’ EOXLive Markets allows users to trade on the EOXLive screen without picking up a phone
-OTC Global Holdings’ releases live NYMEX Henry Hub volatility surface on the Bloomberg Professional service

March 2015
-OTC Global Holdings’ EOXLive Markets made available on Trading Technologies’ new TT Platform

February 2015
-OTC Global Holdings launches EOXLive Markets

November 2014
-OTC Global Holdings’ Aalpha Energy expands into U.S. 

August 2014
-OTC Global Holdings releases Crude Oil Forward Curves

April 2014
-OTC Global Holdings launches Refined Products Forward Curves

February 2014
-OTC Europe, LLP forms Aalpha Energy

October 2013
-OTC Global Holdings launches Natural Gas Liquids Forward Curves

February 2013
-OTC Global Holdings launches Natural Gas and Power Forward Curves
-OTC Global Holdings launches Power Implied Volatilities and Natural Gas Implied Volatilities products

November 2012
-Futures International bolsters staff with addition of Senior Commodity Analyst Terry Reilly

September 2012
-EOXLive announces partnership with TheStreet

July 2012
-OTC Europe launches freight derivatives desk
-Interactive Data launches FutureSource Workstation Version 3.4 which includes EOX Holdings content

March 2012
GlobalView adds EOX Holdings’ over-the-counter forward curves

February 2012
-EOX Holdings and Updata combine over-the-counter forward curves and advanced trading analytics

November 2011
-OTC Global Holdings joins CME ConfirmHub for Energy straight-through-processing

October 2011
-OTC Global Holdings collaborates with CME Group to deliver the industry’s first on-demand over-the-counter market data

July 2011
-OTC Global Holdings’ video honored at 32nd Annual Telly Awards with a bronze award in the recruitment category

June 2011
-EOX Holdings launches End-of-Day Forward Curve products

May 2011
-OTC Global Holdings forms Equus Energy Group LLC in Louisville

May 2011
-OTC Global Holdings Named 2011 “Broker of the Year” by Energy Risk

March 2011
-Choice! Power, a division of OTCGH, forms Northeast Power Brokerage Desk in Houston and New York

December 2010
-OTC Europe, LLP in London expands into coal and coal derivatives brokering

November 2010
-OTC Global Holdings Joins ICE eConfirm Broker Matching Service 

August 2010
-OTC Global Holdings forms OTC Europe, LLP in London with two new divisions (Ion Energy and P&P Oil)

July 2010
-EOX Holdings Unveils OTC Energy Market Data Offering

June 2010
-Javier Loya named Ernst & Young Entrepreneur of the Year® 2010 Award Winner in Houston and Gulf Coast Area

January 2010
-Choice Environmental LLC Brokers First CME-Cleared Snowfall Trade

June 2009
-OTC Global Holdings acquires stake in Futures International LLC in Chicago
-OTC Global Holdings brokers first non-energy commodity

May 2009
-OTC Global Holdings forms Edge Energy LLC in Sugar Land
-EOXLive adds OTC energy industry’s first wholesale electronic fixed price swap and swap spread markets in natural gas

March 2009
-OTC Global Holdings forms Riviera Commodities LLC in New York

February 2009
-OTC Global Holdings named a “2008 Deal of the Year” by Energy Risk Magazine

November 2008
-OTC Global Holdings forms ION Energy Group in New York
-OTC Global Holdings forms Pinnacle Derivatives Group LLC in Jersey City

October 2008
-OTC Global Holdings forms Paradigm Brokers LLC in Louisville 

September 2008
-OTC Global Holdings named to the Houston Business Journal’s Fast 100 list

August 2008
-OTC Global Holdings forms Choice Environmental LLC in Houston

July 2008
-OTC Global Holdings forms Valence Energy LLC in New York

October 2007
-OTC Global Holdings forms EOX Holdings LLC in New York and introduces EOXLive interactive, web-based trading platform
-OTC Global Holdings brokers first crude and crude commodity products

August 2007
-OTC Global Holdings acquires Power Merchants Group LLC in New York 

July 2007
-OTC Global Holdings acquires Elite Brokers LLC in Houston

June 2007
-OTC Global Holdings acquires Black Barrel Energy LP in Houston

May 2007
-OTC Global Holdings forms PVO Energy LP in New York

March 2007
-OTC Global Holdings LP formed in Houston by Javier Loya, then CEO of Houston-based energy brokerage firm Choice Energy
-OTC Global Holdings acquires Choice Natural Gas, LP in Houston
-OTC Global Holdings acquires Choice Power LP in Houston

Press and Media

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.  

# # #

Contact: Amy West
Pierpont Communications
(713) 627-2223
awest@piercom.com

OTC GLOBAL HOLDINGS’ ION ENERGY GROUP BOLSTERS RESEARCH OFFERING WITH ADDITION OF SEASONED ENERGY MARKETS PROFESSIONAL HET SHAH

NEWS RELEASE

NEW YORK (December 9, 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 addition of Het Shah as a head of research. Shah brings more than 15 years of experience in trading, research and product development to the firm and will help further build out its rapidly expanding research capabilities.

“While Ion has long been known as the natural gas market leader, we have seen our clients’ needs evolve in recent years and are continuously trying to grow with them,” said Sid Perkins, founder and managing partner at ION Energy Group. “Het brings tremendous experience to the table and his addition will allow us to continue down the path of trying to expand our research capability in a rapidly changing environment.”

Shah most recently developed a data analytics firm, analytix.ai, which used advanced big data modelling techniques to build more accurate, timely, and forward-looking natural gas fundamental data. He also played a part in developing and growing enelyst.com, a widely used professional messaging platform for energy market professionals.

Prior to this, Shah was head of natural gas at Bloomberg and developed all the components for their natural gas regional models, including daily regional production, consumption, storage activity and flows for 16 regions across the US and Canada. His data and analysis during this time was widely circulated amongst energy market traders and analysts.

In addition, Shah previously held research and analyst positions at BP, Platts and Constellation Energy.

“The opportunity to join an industry leader like ION and help further build out their research capabilities was something I immediately jumped at,” added Shah. “Not only has the firm continually emphasized staying ahead of the curve with its clients by investing in research and other emerging areas of the business, but thanks to their entrepreneurial approach I know I will have the resources to build something impactful.”

For more information about OTCGH and ION Energy Group visit www.otcgh.com.

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.

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