Energy trader establishes western power desk

HOUSTON & LOUISVILLE, Ky.--(BUSINESS WIRE)--OTC Global Holdings (OTCGH), a leading independent interdealer broker in over-the-counter commodities, announced today the formation of Equus Energy. The team of nine experienced brokers will specialize in all Western Systems Power Pool delivery points, primarily consisting of South-of-Path 15 (SP-15), Palo Verde (PV) and Mid Columbia (Mid-C). Equus Energy will serve institutional clients including banks, hedge funds, energy companies and utilities in the western region, and will offer fixed price power products, heat rate products and power options.

The brokering group will be led by Tim Osting, previously with ICAP. Joining him are Kurt Brown, Goddard Hampton, Jonathan Lindsey, Andrew Mittel, Jimmy Mueller, Brenden Nowak, Tod Vaught and Will Vaughn, all of whom began working at OTCGH six months ago after leaving ICAP.

“Establishing a western power desk with so many experienced brokers helps us become more aligned with the rapidly growing needs of our customers by providing a compliment to our western gas desk,” said Javier Loya, Chairman and CEO of OTCGH. “It also helps further diversify OTCGH’s portfolio of some of the over-the-counter industry’s most powerful and agile independent brokers so that we can continue providing multinational corporations, financial institutions, oil companies, utilities, market makers and energy marketers a single comprehensive source for market liquidity, price discovery and market intelligence.”

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