OTC Global Holdings announces new crude options brokerage
New York based interdealer broker, OTC Global Holdings (OTCGH), has launched a new crude options brokerage called Riviera Commodities.
Riviera Commodities will be OTCGH's twelfth portfolio company and will be staffed by six brokers, previously with MF Global, and headed up by Elisa Moriconi. The team will work in both OTC and Nymex-listed crude options.
OTCGH says that it has become the largest liquidity provider to the CME ClearPort system and a significant contributor to ICE Clear through its growth in creating new brokerages and acquiring companies.
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