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OTC EUROPE ACQUIRES OIL BROKERAGE LIMITED

Leading IDB bolsters liquidity and strengthens product offerings, continues geographic expansion with addition of global physical and financial oil products firm   London – (3 October, 2017) – OTC Europe, LLP, a subsidiary of leading independent commodities...

OTCGH Hosts Charity Day Benefitting Hurricane Harvey Relief

OTC Global Holdings (OTCGH), the world’s leading independent commodities interdealer broker, raised funds during its Hurricane Harvey Charity Day on Friday, September 8, 2017. Joining OTCGH’s brokers in Houston were a collection of iconic sports stars, media...

OTC GLOBAL HOLDINGS’ ION ENERGY GROUP TO RING NASDAQ CLOSING BELL

OTC GLOBAL HOLDINGS’ ION ENERGY GROUP TO RING NASDAQ CLOSING BELL NEW YORK (AUGUST 2, 2017) – 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...

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OTC EUROPE ACQUIRES OIL BROKERAGE LIMITED

Leading IDB bolsters liquidity and strengthens product offerings, continues geographic expansion with addition of global physical and financial oil products firm

 

London – (3 October, 2017) – OTC Europe, LLP, a subsidiary of leading independent commodities interdealer broker OTC Global Holdings (OTCGH), today announced the acquisition of Oil Brokerage Limited, a London-based global physical and financial oil products firm.

 

The acquisition further strengthens OTC Europe’s and OTCGH’s position as a major global player across all commodity markets by deepening its liquidity pools, product offerings, expertise and information resources in the global physical and financial oil products. Coming on the heels of the formation of OTC Asia in Singapore at the beginning of this year, it also continues OTCGH’s geographic expansion and marks another significant milestone for the company as it celebrates its 10th anniversary in 2017.

 

“Putting these two firms together brings unparalleled value to our clients and employees. Both companies have had incredible success and growth, especially in the last five years when many of our peers in commodities have folded, sold or floundered,” said Joe Kelly, OTCGH President and Co-CEO. “While we typically build our own firms, we also have made strategic acquisitions and Oil Brokerage was strong in areas of the market we weren’t in yet but saw an opportunity.”

 

Established in late 1988, Oil Brokerage specializes in the brokering of Physical Gasoline, Gasoline Components, Gasoline Swaps, Physical Naphtha, Naphtha Swaps, Fuel Oil, LPG and Freight Futures (FFA) for clients such as major oil companies, oil trading divisions of investment banks and commodity houses as well as other established independent trading concerns and funds. It has more than 70 employees working at offices in London and Singapore.

 

Oil Brokerage will become one of OTC Europe’s brokering groups, joining the London office’s Aalpha Energy, Ion Energy UK, Choice! UK and P&P Oil desks, and will have the ability to leverage OTCGH’s global network of 20 independent portfolio companies in Chicago, Des Moines, Geneva, Houston, London, Louisville, New Jersey, New York and Singapore as well as technology resources such as the company’s EOXLive platform to serve its clients.

 

“A decade ago we structured our agile and innovative business model with deals like this in mind. This acquisition again exemplifies why that model works as we can bring in a company like Oil Brokerage, allowing them to maintain their independence and ability to offer specialized products while at the same time enjoying the financial, managerial and technological resources needed to compete effectively in today’s rapidly changing marketplace,” added Kelly.

 

“This deal is a sound strategic move for our company,” said James McNicol, Oil Brokerage’s Managing Director. “We’ve had major success in Europe over the years and recently expanded our business in Asia. OB has been pursued by a number of suitors during our nearly 30 years in business, however,  the opportunity to accelerate our growth within OTC Global’s structure is  something we are genuinely excited about and look forward to greatly. .”

 

OTC Europe’s office is located at10 Finsbury Square, 5th floor, London, United Kingdom, EC2A 1AF. For more information about OTC Europe or its divisions, visit  www.otcgh.com or call +44 (0) 20 7726 8601.

 

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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OTCGH Hosts Charity Day Benefitting Hurricane Harvey Relief

OTC Global Holdings (OTCGH), the world’s leading independent commodities interdealer broker, raised funds during its Hurricane Harvey Charity Day on Friday, September 8, 2017. Joining OTCGH’s brokers in Houston were a collection of iconic sports stars, media personalities and musicians from the city, who acted as “guest brokers.” Watch the highlights from OTCGH’s Charity Day here: https://vimeo.com/235050183

HOUSTON SPORTS, MEDIA AND MUSIC ICONS TO JOIN OTC GLOBAL HOLDINGS AS GUEST BROKERS FOR CHARITY DAY BENEFITTING HURRICANE HARVEY RELIEF

HOUSTON SPORTS, MEDIA AND MUSIC ICONS TO JOIN OTC GLOBAL HOLDINGS AS GUEST BROKERS FOR CHARITY DAY BENEFITTING HURRICANE HARVEY RELIEF
Leading IDB to match commissions donated by brokers

HOUSTON (September 7, 2017) – OTC Global Holdings (OTCGH), the world’s leading independent commodities interdealer broker, today announced that its efforts to raise funds during its Hurricane Harvey Charity Day, to be held Friday, September 8, 2017, will be getting some extra support.

Joining OTCGH’s brokers in Houston will be a collection of iconic sports stars, media personalities and musicians from the city, who will act as “guest brokers,” including:

  • Jeff Bagwell, MLB Hall of Fame Inductee and former Houston Astros first baseman
  • Mike Chabala, former Houston Dynamo left back
  • Ray Childress, NFL Pro Bowl athlete and former Houston Oiler
  • Mario Elie, three-time NBA Champion and former Houston Rocket
  • Rocky Juarez, WBC Silver Featherweight Champion and native Houstonian
  • Jean Lopez, U.S. Olympic Taekwondo coach
  • Mark Lopez, Olympic Silver Medalist, Taekwondo
  • John Lucas, former #1 overall pick in the NBA draft (Houston Rockets) and current Houston Rockets player development coach
  • Chris Myers, former Houston Texans center
  • Chester Pitts, former Houston Texans offensive lineman
  • Mary Sarah, country music singer and former contestant on NBC’s “The Voice”
  • Lou Savarese, former professional boxer
  • John Skelton, former Arizona Cardinals quarterback
  • Bobby Sura, former Houston Rocket shooting guard
  • Kailee Wong, former Houston Texans linebacker

“We are honored that so many distinguished stars in the sports and entertainment world are going to join our effort to aid those affected by Hurricane Harvey,” said Javier Loya, Founder and Co-CEO, OTCGH. “The impact on this community is personal for all of us at OTCGH, not just in Houston but at our offices around the globe. I’m proud of how our employees and these native and celebrity Houstonians are coming together to provide much needed donations to worthy organizations supporting the relief and rebuilding efforts following the devastating floods.”

Commissions donated by OTCGH employees at the company’s more than 20 brokerages in Chicago, Des Moines, Geneva, Houston, London, Louisville, New Jersey, New York and Singapore on Hurricane Harvey Charity Day will be matched dollar-for-dollar in order to multiply the impact of the donations for the following organizations:

For more information about OTCGH and its Hurricane Harvey Charity Day 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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OTCGH’S EOXLIVE PLATFORM BROKERS RECORD-SETTING 296,430 NATURAL GAS OPTIONS SIDES IN AUGUST, HELPS PROPEL NFX’S VOLUME AHEAD OF ICE’S FOR FIRST TIME EVER

OTCGH’S EOXLIVE PLATFORM BROKERS RECORD-SETTING 296,430 NATURAL GAS OPTIONS SIDES IN AUGUST, HELPS PROPEL NFX’S VOLUME AHEAD OF ICE’S FOR FIRST TIME EVER
Leading IDB’s platform also continues to grow client base, resulting in more trader-to-trader interaction

HOUSTON (September 6, 2017) – OTC Global Holdings (OTCGH) announced that in August 2017 its EOXLive platform brokered a record-setting 296,430 Natural Gas Options sides, eclipsing the previous record (from June 2017) by nearly 19 percent.

EOXLive’s total NFX transactions numbered 286,325 Natural Gas Options market lots, representing 43 percent of NFX’s total and helping the exchange surpass ICE’s overall monthly block volume total for the first time ever with 32 percent of the market compared to ICE’s 27 percent and CME’s 41 percent.

The leading independent commodities interdealer broker also continued to grow the EOXLive platform’s user base and saw an increase in trader-to-trader interaction as more clients embraced it.

“Thanks to continued, across the board adoption by our brokers EOXLive experienced another record-breaking surge in volume during August,” said Javier Loya, Chairman and Co-CEO of OTCGH. “We are also proud to see that our teams’ efforts as NFX’s broker partner have contributed to their milestone achievement as the second largest exchange by volume for Natural Gas Options in August.”

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 market share 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 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 over 15 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.

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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