Fintech PR

Oil Brokerage Acquires Blue Commodities, Expanding Physical Broking Capabilities

Published

1 week ago

October 9, 2024

Acquisition Enhances Oil Brokerage’s Market Reach in Middle Distillates, Fuel Markets, and Shipping, and further expands OTC Global Holdings’ global leadership

LONDON and HOUSTON and NEW YORK, Oct. 9, 2024 /PRNewswire/ — Oil Brokerage, a leading player in the global commodities brokerage sector and a subsidiary of OTC Global Holdings, today announced its acquisition of Blue Commodities (BC). This strategic acquisition strengthens Oil Brokerage’s (OB) position in key physical broking markets, particularly in Northwest Europe (NWE), the Mediterranean (Med), and West Africa (WAF).

Under the terms of the agreement, Blue Commodities will fold into Oil Brokerage and OTC Global Holdings. The acquisition represents a significant step forward in OB’s goal of providing an integrated service offering that span physical broking, derivatives, and shipping markets. The inclusion of Blue Commodities enhances OB’s capabilities in the middle distillates and fuel markets, complementing OB’s well-established presence in gasoline, derivatives, and shipping.

“A Natural Fit for Growth”

Jon Pike, CEO of Blue Commodities, will transition to the role of Chief Operating Officer (COO), Physical, at Oil Brokerage, leading the newly integrated team. Commenting on the acquisition, Pike noted:

“We are thrilled to join forces with Oil Brokerage, whose capabilities in derivatives and shipping will significantly enhance the services we can provide to our clients in physical broking. The combination of Blue’s experienced teams with OB’s extensive network and expertise will allow us to offer a fully integrated service across markets. This partnership positions us to deliver an even higher level of service and innovation to both existing and new clients.”

Strategic Integration and Leadership

Oil Brokerage, already a dominant player in the gasoline market, sees the acquisition of Blue Commodities as a key component in strengthening its offerings in physical broking. Blue Commodities’ established expertise in NWE, Med, and WAF regions brings invaluable knowledge and relationships, offering OB an immediate foothold in markets that traditionally require long-term organic growth.

James McNicol, CEO of Oil Brokerage, commented on the acquisition:

“Blue Commodities’ physical broking business perfectly complements our existing strengths in derivatives and shipping. The acquisition fills critical gaps in our portfolio and enhances our ability to serve our clients with a comprehensive, integrated solution across physical and financial markets. We’re excited about the future with Jon and his team on board.”

Blue Commodities’ leadership team, including Desk Heads Jack Bithell (Fuel), Ben Zahavi (WAF), Paul Hart (Med ULSD), and Pete Ingleton & John Collins (NWE ULSD), will remain intact, ensuring that clients continue to benefit from their extensive market expertise and established relationships.

OTC Global Holdings’ Expansion into Physical Markets

The acquisition also aligns with OTC Global Holdings’ strategy to expand its footprint in physical broking. Joe Kelly, Co-CEO and President of OTC Global Holdings, remarked:

“Acquiring Blue Commodities accelerates our entry into physical markets, especially in regions and sectors where we see significant growth potential. The proven teams from Blue Commodities bring a wealth of industry knowledge and client relationships that would be difficult to replicate organically. This acquisition strengthens OTCGH’s global portfolio and positions us to lead in both physical and derivatives markets.”

With the integration of Blue Commodities into the OB and OTCGH ecosystem, the combined entity will offer a full spectrum of services to clients, further solidifying its leadership in global commodities markets.

About Oil Brokerage

Oil Brokerage is a leading interdealer broker in the global energy markets, specializing in the broking of physical and financial commodities. The company is part of OTC Global Holdings, the largest independent interdealer commodities brokerage in the world.

About Blue Commodities

Blue Commodities is a specialist physical commodities broker with a focus on middle distillates and fuel markets, operating across Northwest Europe, the Mediterranean, and West Africa.

About OTC Global Holdings

OTCGH is the world’s largest independent institutional broker of commodities, covering financial and physical instruments from offices in Chicago, Dubai, Houston, London, Louisville, New Jersey, New York, and Singapore. OTCGH has been awarded 5x “Broker of the Year” by Energy Risk. With a portfolio of nearly 20 companies, OTCGH is a liquidity provider for CBOT, ICE, NYMEX, and NODAL. 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.

Visit otcgh.com to learn more or watch a short video here: https://vimeo.com/718433168

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Fintech PR

FP Markets Team Attends Forex Expo Dubai 2024 And Brings Home Two Awards

Published

1 hour ago

October 16, 2024

CISION (PR Newswire)

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SYDNEY, Oct. 16, 2024 /PRNewswire/ — FP Markets, a global multi-asset Forex and CFD broker, participated in the Forex Expo Dubai 2024 earlier this month. The largest trading event in the Middle East took place in Dubai, UAE, from 7-8 October and drew an impressive 18,000 visitors this year.

The FP Markets Team was invited to participate in two segments: ‘Future Trends in Financial Technology’ and ‘Women in Forex’. Martin Stoilov, Head of Customer Experience at FP Markets, delivered an insightful talk on how Artificial Intelligence and the human element can work together to create authentic customer experiences. Additionally, and as part of the event’s newly-inaugurated segment ‘Women in Forex’, Global Head of Marketing, Andria Phiniefs, led a panel discussion on the crucial part women play in the industry, the challenges they face, and how they can be empowered to take on more leadership roles.

The event concluded with an awards ceremony on Tuesday evening during which the FP Markets Team received two outstanding achievement accolades. Andria Phiniefs was recognised as ‘Mentor of the Year’, and the FP Markets Research Team, headed by Market Analyst Aaron Hill, was presented with the ‘Excellence in Technical Analysis’ award.

Commenting on FP Markets’ presence and achievements at the Forex Expo Dubai 2024, Global Head of Marketing, Andria Phiniefs, stated: ‘For the Team to be invited to talk as experts in their respective fields, as well as awarded for outstanding contributions, is testament to our brand’s culture. We are proud to be part of an ecosystem that encourages agility and adaptability, pushing the boundaries of innovation forward. At FP Markets, our belief in the power of knowledge extends to both our Clients and Team: knowledge sharing happens internally and externally. Striving to be more than just another broker, all our efforts will continue to focus on furthering our Clients’ trading knowledge and delivering a superior investing experience’.

Notes to Editors

About FP Markets:

FP Markets is a Multi-Regulated Forex and CFD Broker with over 19 years of industry experience.
The company offers highly competitive interbank Forex spreads starting from 0.0 pips.
Traders can choose from leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, Iress and TradingView.
The company’s outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.
FP Markets was awarded ‘Best Value Broker – Global’ for six consecutive years (2019, 2020, 2021, 2022, 2023, 2024) at the Global Forex Awards.
FP Markets was awarded the ‘Best Broker – Europe‘ and the ‘Best Forex Partners Programme – Asia‘ at the Global Forex Awards (2022, 2023, 2024).
FP Markets was awarded ‘Best Trade Execution’, and ‘Most Trusted Broker’ and ‘Best Trade Execution’ at the Ultimate Fintech Awards in 2022 and 2023, respectively.
FP Markets was crowned ‘Best CFD Broker – Africa‘ at the 2023 FAME Awards.
FP Markets was awarded ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023.
FP Markets was awarded the ‘Best Price Execution’ at the Brokersview Awards 2024, Singapore.
FP Markets was awarded the ‘Best Trading Experience – Africa‘ at the FAME Awards 2024.
FP Markets was awarded ‘Most Transparent Broker’ and ‘Best Trading Conditions’ at the Global Ultimate Fintech Awards 2024.
FP Markets was awarded ‘Best Forex Spreads APAC’ and ‘Best Trading Experience APAC’ at the 2024 Finance Magnates Pacific Summit.
FP Markets regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), and the Capital Markets Authority (CMA) of Kenya.

For more information on FP Markets’ comprehensive range of products and services, visit https://www.fpmarkets.com/

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Fintech PR

Birla Carbon Announces the Launch of its first Asia Post Treatment Plant in India

Published

3 hours ago

October 16, 2024

CISION (PR Newswire)

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The state-of-the-art plant will provide specialty products for the coatings and inks markets from India

MUMBAI, India, Oct. 16, 2024 /PRNewswire/ — Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon-based solutions, announced the launch of its first Asia Post Treatment (APT) Plant in India. The brownfield initiative is located at the Patalganga unit, in the state of Maharashtra, India. This cutting-edge facility, equipped with the latest treatment technology, is set to revolutionize the carbon black industry by offering the highest levels of flexibility, efficiency, and precision. The plant will serve the fast-growing demand for high-performance carbon black grades in key industries like coatings and inks.

Sharing his thoughts on the launch, Rajeev Sonthalia, Director, Birla Carbon, said, “The launch of the Asia Post-Treatment Plant at Patalganga marks a significant milestone in Birla Carbon’s journey toward creating and deploying cutting-edge technology solutions for our customers. Asia is an emerging market for the carbon black industry and the strategic location of this plant will encourage innovation with our partners.” He further added, “This brownfield facility will enable Birla Carbon to leverage its global reactor capabilities, operating at the highest yields and efficiency. The precision in the manufacturing technology ensures that our products meet the highest standards of quality and performance, catering to the specific needs of our diverse customers, both regionally and globally. And by doing so, we enrich the lives of our consumers and inspire trust with our partners.”

The Asia Post Treatment Plant facility’s advanced technology ensures precise control over reaction times, facilitating the production of ultra-high-performance grades that are tailored to specific customer needs. With its ability to meet stringent clean product standards, the APT facility offers a distinct advantage over traditional products, positioning Birla Carbon as a market leader in delivering sustainable, high-quality solutions.

Sharing his thoughts on this new milestone, John Loudermilk, President and Chief Executive Officer, Birla Carbon, said, “The launch of our Asia Post Treatment Plant reflects our long-term commitment towards the industry and the businesses we serve. This facility enables us to support our customers more effectively while reinforcing Birla Carbon’s position as a thought leader in developing sustainable, high-performance carbon-based solutions for the future.” He further added, “This treatment facility strengthens our commitment to meeting global demand in high-growth sectors and leading the carbon black industry towards greater sustainability and efficiency. By prioritizing innovation and sustainability in every aspect of our operations, we are not just responding to current needs; we are anticipating future demand and setting new standards for quality, reliability, and environmental responsibility. Thus living our purpose to ‘Share the Strength’”.

In addition to its broader range of applications, including packaging inks and automotive and industrial coatings, the ATP facility is strategically designed to tap into niche markets such as toys and tool coatings, where the demand for low PAH products is rapidly growing.

Located in Patalganga, India, the plant provides key advantages such as proximity to emerging Asian markets. It serves as a key backup to Birla Carbon’s North Bend facility in the USA.

About Birla Carbon

Birla Carbon is one of the leading global suppliers of carbon-based solutions. As one of the flagship businesses of the leading Indian multinational conglomerate, the Aditya Birla Group, Birla Carbon provides innovative, sustainable carbon black solutions that enhance the performance of paints and coatings, inks and toners, plastics, adhesives, sealants, textile fibers, mechanical rubber goods, and tires, Energy Systems, Carbon Nanotubes, and Sustainable Carbonaceous Material. The company operates in 14 countries, boasting 17 manufacturing facilities and three cutting-edge technology centers in Marietta (USA), Taloja (India), and Sambreville, Belgium, showcasing forefront innovation in the industry. Birla Carbon’s Sustainability Strategy – Share the Future report focuses on employee safety, environmental stewardship, efficient use of carbon sources, and operating in a socially and ethically responsible manner.

For more information, visit https://www.birlacarbon.com or follow us on LinkedIn, Twitter, Facebook, or Instagram.

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Fintech PR

Precisely Celebrates Customer Achievements with Precisely Data Integrity Awards

Published

4 hours ago

October 16, 2024

CISION (PR Newswire)

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BMW Group, Chamberlain Group, FERC, Generali Real Estate, and NZ Super Fund Honored at Trust ’24

BURLINGTON, Mass., Oct. 16, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced the winners of the inaugural Precisely Data Integrity Awards at Trust ’24, the company’s annual Data Integrity Summit. The award ceremony took place at Drexel University’s LeBow College of Business in Philadelphia on October 8, with recipients from around the world recognized for their outstanding achievements in AI Impact, Business Impact, and Societal Impact categories, using Precisely software, data, and services.

The Data Integrity Awards recognize Precisely customers who have achieved excellence in data integrity through innovative use cases and demonstrated results. The winners include:

BMW Group: World-leading premium manufacturer of cars and motorcycles uses the Precisely Data Integrity Suite to seamlessly connect its extensive mainframe environment to modern cloud technologies and platforms such as Kafka. Achieving outstanding performance and near real-time replication for automating data pipelines to support over 600 applications, BMW is modernizing its mainframe systems while maintaining operational integrity.
Chamberlain Group: Global leader in intelligent access uses Precisely Automate solutions to simplify and govern its SAP workflows, querying real-time information for data validation. The company experienced an 87% improvement in time savings, resulting in greater productivity and generating noteworthy benefits for its customer care team.
FERC (Federal Energy Regulatory Commission): This independent US agency uses the Precisely Data Integrity Suite to centralize and automate data cataloging and stewardship, replacing their legacy system with modern tools that streamline asset registration and governance processes. FERC has significantly reduced time and resources for maintaining the catalog, while enhancing data stewardship and improving data-driven decision-making across the commission.
Generali Real Estate – City Forward: One of the first real estate asset managers to establish a dedicated AI and machine learning innovation division uses high-integrity enrichment data from Precisely to train their models, reduce bias, and deliver more contextually relevant results for its City Forward® platform. This enables the business to make smarter decisions powered by highly accurate AI-driven insights, disrupting the traditional decision-making processes that inform investment strategies.
New Zealand Superannuation Fund (NZ Super Fund): New Zealand’s sovereign wealth fund is using the Precisely Data Integrity Suite to enable users to find, understand, and access their data. The organization has empowered their investment analysts and teams with trusted data to make more confident business decisions.

“We are incredibly proud to honor these exceptional organizations for the impressive achievements they have accomplished on their journey to data integrity,” said Kevin Ruane, CMO at Precisely. “As our first-ever Data Integrity Awards it was exciting to see the enthusiasm and passion from Precisely customers around the globe. Each company has a unique data story to tell, and it was truly a pleasure to recognize and celebrate with our customers at Trust ’24.”

About Precisely

As a global leader in data integrity, Precisely ensures that your data is accurate, consistent, and contextual. Our portfolio, including the Precisely Data Integrity Suite, helps integrate your data, improve data quality, govern data usage, geocode and analyze location data, and enrich with complementary datasets for confident business decisions. Over 12,000 organizations in more than 100 countries, including 93 of the Fortune 100, trust Precisely software, data, and strategy services to power AI, automation, and analytics initiatives. Learn more at www.precisely.com.

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