Contact: Brittney Garneau
+1 713 627-2223
LONDON – (February 4, 2014) – OTC Europe LLP today announced the formation of Aalpha Energy. Unlike traditional crude brokers who focus on individual derivatives, Aalpha Energy’s business model leverages a hybrid team with a deep knowledge of every aspect of crude futures and the crude over-the-counter market to provide an unmatched look at the market as well as unparalleled service to customers.
“We felt the crude trading market was changing and that the traditional model of having a different broker in charge of every piece of the business could be improved upon,” said Joe Kelly, president and chief operating officer of OTC Global Holdings, the parent company of OTC Europe. “Aalpha Energy’s nontraditional structure is a natural fit within our forward-thinking and nimble company culture. We anticipate great success from this group of brokers and are proud to have them join the rapidly-expanding OTC Europe team
The Aalpha Energy team is led by Andrew Ramage and Richard Taggart, both of whom have held previous senior leadership roles with PVM Oil Associates. The team is rounded out by a host of respected industry leaders including Jamie Spicer, Alix Roberts, Niki Balac, Joey Bacon and Ricky Halls. Aalpha Energy brokers trades in each of the following spaces:
- Brent futures
- WTI futures
- Crude options
- Brent Swaps
- WTI Swaps
- WTI/Brent swaps
- Gasoil futures
- Gasoil cracks
“Seeing the entire crude market at once uniquely separates Aalpha Energy from the competition,” said Ramage. “It enables us to provide a distinct competitive advantage in terms of information flow and allows us to offer our clients both crude futures and over-the-counter trades depending on where best value is.”
OTC Europe’s office is located at 17 Moorgate, 4th floor, London, United Kingdom, EC2R 6AR. For more information about OTC Europe or its divisions, visit www.otcgh.com or call +44 (0) 20 7726 8601.
About OTC Global Holdings LP
Formed in 2007, OTC Global Holdings is headquartered in Houston and New York, with additional offices in Chicago, Jersey City, London and Louisville. It is a leading independent interdealer broker in over-the-counter commodities and the largest liquidity provider to CME ClearPort and ICE Clear U.S. Through its subsidiaries the company holds a dominant market share in the U.S. and Canadian natural gas markets, the U.S. power markets, crude oil and crude oil options, crude oil products and crude oil product options, agricultural and soft commodities, as well as structured weather and emission derivatives. The company serves more than 250 institutional clients, including 45 members of the Fortune 500, and transacts at over 150 different commodity delivery points. To learn more about the company, please visit www.otcgh.com or go to http://bit.ly/OTCYouTube.