NEWS RELEASE
AALPHA ENERGY FORMS OIL OPTIONS DESK IN LONDON
Desk complements Aalpha’s already robust crude offerings for global clientele, further bolsters OTCGH’s options market share.
LONDON – (17 May, 2016) – OTC Europe, LLP, today announced an addition to its rapidly-growing Aalpha Energy team with the formation of a new desk operating in the oil options market.
Led by veteran broker Tim Sykes, the new desk will operate out of leading independent commodities interdealer broker OTC Global Holdings’ (OTCGH) OTC Europe office in London. It will broker crude oil and product options across the globe and work closely with the existing Aalpha Energy teams in the U.S. and UK to leverage the company’s unique hybrid model that provides clients with deep knowledge of every aspect of the crude market. In addition, it will further bolster parent company OTCGH’s significant and expanding market share in the options space.
“I am excited to join both this growing team and company,” said Sykes. “The need for oil options broking and trading continues to grow, thanks to turmoil in the crude market. Working in tandem with Aalpha’s other brokers allows us to draw upon an unparalleled pool of liquidity for our clients. At the same time, OTC Global Holdings’ business model provides the flexibility necessary for us to continue expanding as well as to diversify our operations so that we will always exceed client expectations.”
Prior to joining OTC Europe, Sykes spent nine years at PVM where he helped build the oil options desk from scratch.
The addition of Sykes and the oil options desk to the already well-established Aalpha Energy group, which operates from the world’s premier financial hubs including London, New York and Houston, furter reinforces its status as a premier global options broker.
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 and New York. 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: Brittney Garneau
Pierpont Communications
+1 713 627-2223
bgarneau@piercom.com