HOUSTON & NEW YORK--(BUSINESS WIRE)--CHOICE Power, a division of OTC Global Holdings, announced today the formation of its Northeast Power desk. Featuring eight experienced brokers, the team specializes in wholesale fixed price power for PJM, NEPOOL and NYPP. The brokering team will serve clients across the region including banks, hedge funds, end-users, energy companies and utilities.
Leading CHOICE Power’s Northeast desk are Andrew Gizienski and Kyle Schultz, both previously with IVG Energy. Joining them are Mike Feeley and Brian Vooletich, previously with CHOICE Power, Howard Fishman from IVG Energy, Chris McQuade and Ken Malpeli from GFI Group and Lex Mills from Power Merchants Group.
“This veteran team establishes CHOICE Power’s foothold in the largest and most liquid power market in North America,” said Javier Loya, Chairman and CEO of OTC Global Holdings. “This group along with CHOICE Power’s operations in the West and in ERCOT, provide OTCGH a substantial presence in the U.S. power markets. Establishing this desk allows us to better serve our customers with a full range of products and provides a single source for all their hedging and trading needs.”
About OTC Global Holdings
Formed in 2007, OTC Global Holdings is headquartered in Houston and New York, with additional offices in Chicago, Jersey City, London and Louisville. It is a leading independent interdealer broker in over the counter commodities and the largest liquidity provider to CME ClearPort and ICE Clear U.S. Through its subsidiaries the company holds a dominant market share in the U.S. and Canadian natural gas markets, the U.S. power markets, crude oil and crude oil options, crude oil products and crude oil product options, agricultural and soft commodities, as well as structured weather and emission derivatives. The company serves more than 250 institutional clients, including 45 members of the Fortune 500, and transacts at over 150 different commodity delivery points. To learn more about the company, please visit www.otcgh.com or go to http://bit.ly/OTCYouTube.