25 Sep Global Oil Traders, Market Makers and Brokers to Use BLOC-X’s Software
Global Oil Traders, Market Makers and Brokers to Use BLOC-X’s Software to Facilitate OTC Oil Block Futures Trading and Drive an Innovative Transactional Model
London, UK, September 25, 2019 – BLOC-X, a provider of electronic trading software for over-the-counter (OTC) oil block futures, today announced that a number of trading houses, market makers and brokers are utilising its software solutions. Among these companies is Amerex Singapore, the first OTC energy broker to use BLOC-X’s software to facilitate trading and offer an innovative transactional model to their clients.
OTC oil markets are expensive and are battling with shrinking margins. The market volatility and stiff competition is forcing companies and traders to seek innovative solutions that lower costs and provide alternative trading models. BLOC-X’s technology is disrupting the existing transactional model by reducing execution costs in OTC oil block futures trading by up to 90%.
“Our markets are beginning to undergo a generational change,” said Amerex’s Managing Director, Phil Jump. “By using BLOC-X’s solutions we intend to be on the front line of that change.”
“Commodity trading companies that embrace innovation will gain a competitive edge,” said Andrew Toumazi, CEO and founder of BLOC-X. “We are excited to have on board forward thinking companies eager to adopt our transformational transactional model to drive transparency and efficiency in Oil Block Futures.”
BLOC-X provides access to independent, unrestricted, transparent and cost-efficient trading. Traders will get access to any clearing venue (ICE, NYMEX, SGX) and can find counterparties in seconds. Through the platform’s innovative pricing model, traders can greatly reduce trading transaction costs.
BLOC-X is a provider of electronic trading software for the OTC Oil Block Futures market that reduces trading transaction costs by up to 90%. Using BLOC-X, companies gain access to independent, unrestricted and transparent trading. BLOC-X was established in 2018 and is headquartered in London, UK. For more information, visit www.BLOC-X.com.