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OTCGH AT A GLANCE

  • institutional clients
  • COMMODITY DELIVERY POINTS
  • Fortune 500 COMPANIES
  • RATED #1 COMMODITIES BROKER
US Market Share – Natural Gas Options (35%), NGL (65%), and Daily Power Options (70%)

Press and Media

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

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

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 soybean stocks are estimated at 29.13 million mt end-August, which is the end of the 2018-2019 marketing year, up 144% year on year, the US department of Agriculture said in its monthly report.

The average price of US soybean in the 2018-2019 marketing year is estimated at $8.50/bu, down 9% year on year, as sales plummeted and inventory shot up due to the trade tensions, the USDA report said.

Ever since the trade tensions started, US soybean has been selling at a discount of $15/mt to the Brazilian beans, S&P Global Platts data showed.

According to Platts assessments, since January 2019, the average monthly loading price of SOYBEX FOB Santos and SOYBEX FOB Paranagua were assessed at $355.96/mt and $355.34/mt, respectively. While the average monthly loading price of SOYBEX FOB New Orleans soybeans was $340.49/mt.

Before China slapped a tariff on US soybeans in July last year, China bought 29.6 million mt of US-origin soybeans, accounting for 55% of total 2017-2018 (July-June) US exports. Since July 2018, China’s imports of US beans have fallen 77% year on year to 6.7 million mt.

“Since China accounts for almost 65% of global soybeans demand, it is impossible for the US to find significant alternatives for such a big demand driver,” Matheus Pereira, director of agro-consultancy firm ARC Mercosul, told Platts.

Soybean buyers such as the European Union, Mexico, Egypt, Japan, Indonesia, Taiwan and Thailand, together, buy only around 25% of US soybeans in a marketing year, the USDA exports data released last week showed.

“It is impossible for US soybean to replace the Chinese market,” Terry Reilly, senior commodity analyst at OTC Global Holdings’ Futures International said.

BRAZIL, ARGENTINA BENEFIT

Brazilian soybean has benefited the most from the US-China trade dispute, a recent Chinese customs report showed. In 2018-2019 (July-June), Brazil shipped 65.8 million mt of soybeans to China, up 19% year on year, the report said.

Brazil-origin beans account for 80% of Chinese soy purchases so far in 2019.

With Brazilian soybean inventories expected to decline in the fourth quarter of 2019, China is expected to turn its focus on Argentinian supplies. Argentina, the world’s third largest soybean exporter, is expected to export 7.75 million mt to China in the 2018-2019 marketing year (October-September), up 267% on the year, according to the latest USDA report.

“If the US-China trade tensions continue, we see China buying soybeans exclusively from South America,” JCI China, a Shanghai-based agro-analytics company, told Platts. Simultaneously, US soybeans might sell a fraction of their inventory to Brazil and Argentina [to satisfy their local crushing demands], it added.

China may turn to US soybeans only in an unlikely event of catastrophic weather hitting the South American region, and hampering the soy harvest there, Pereira said.

ROAD AHEAD

The US has been making efforts to find new markets ever since China started to buy more from Brazil, JCI China said.

Replacing China with other developing regions, such as South Asia, may take a few years, Pereira said. For instance, India’s rising middle class is expected to double its purchasing power in four to six years, he said. Soybean consumption is seen as directly proportional to the average income of a country’s middle class.

The US and China are set to meet in Washington in October for yet another round of trade talks.

“US-origin soy may not be excluded entirely by the Chinese consumers, even after the trade tension is over, but there is a huge risk in my opinion that the American beans may become a secondary supplier in the Chinese market, unless there are severe droughts in the South American region,” Pete Meyer, head of Grain and Oilseed Analytics at S&P Global Platts Analytics said.

“And US soybean can’t afford to be a stopgap supplier to China,” Meyer added.

“It takes years and years to cultivate a client and only a few minutes to lose that client,” Meyer said, adding that buyers have long memories.