OTC Global Holdings creates new brokerage business model
In July 2008, OTC Global Holdings (OTCGH) announced its formation, uniting six independent brokerages in the over-the-counter (OTC) commodities sector. In just six months it has grown to 14 subsidiaries, 110 brokers, and is the largest liquidity provider to Nymex Clearport. Its growth has significantly outpaced the market, with revenue gains of 40% for 2008.
OTCGH was formed to enable boutique brokers to compete with larger brokers in terms of their technological offerings and execution services
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