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’ CHOICE! PRODUCTS ADDS ENERGY VETERAN RALPH TAPIA AS DERIVATIVES BROKER

NEWS RELEASE

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

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 Lach
Pierpont Communications
(713) 627-2223
alach@piercom.com

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 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.

For more information or to receive free access to EOXLive, visit http://www.otcgh.com/eox or contact EOXLive via email: operations@eoxlive.com, AIM: eoxops 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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Contact:  Lauren Gray
Pierpont Communications
(713) 627-2223
lgray@piercom.com

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 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

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 Lach
Pierpont Communications
(713) 627-2223
alach@piercom.com

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 $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