EXPERTISE. VISION. EXCELLENCE.
 

Onyx Commodities is a London-based proprietary trading and market-making firm specialising in oil derivatives across the barrel. Founded by senior traders with significant experience across the oil spectrum, the company has quickly grown to become the largest liquidity provider of oil derivatives globally, including global Crude Oil, Gasoline, Naphtha, and Distillate benchmarks. This prominent position in the market gives us a consistently up-to-date and unparalleled in-house knowledge of the physical and paper markets, which allows us to fully leverage our trading capabilities and maximise our potential as a firm.

 
 

EXCELLENCE IN
PEOPLE & TECHNOLOGY


Being a market leader has allowed us to build a unique franchise, specialising in excellence in people and technology. Our direct counterparties include some of the largest trading houses, producers and refiners in the world.

Onyx is a UK Company regulated by the FCA and
is compliant with MiFiD II.

 
 

PRODUCTS TRADED
 

 
 


Onyx deals with all major energy-related products pricing out of Asia, Europe and the United States across ICE, NYMEX and SGX. On all refined products we trade all of the major crack spreads, time spreads, arbitrages/diffs, inter-product spreads (Propane/Naphtha, Gasoline/Naphtha, 92 RON/MOPJ, etc) and flat price.

 
 
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CRUDE

Brent, WTI, Dubai
DFL, Dated Brent,
Dated Dubai

CFDs

US Grades (LLS, Mars, WTI Houston and WTI Midland)

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LIGHT ENDS/NGLs

Naphtha / C5

Gasoline

PropanE

BUTanE

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MIDDLE DISTILLATES

LS Gasoil

Kerosene/Jet

Diesel

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HEAVY PRODUCTS

FUEL OIL

 
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F O U N D I N G    P A R T N E R S

 

Greg Newman is a founder and the joint CEO of Onyx Capital Group. He has successfully led and overseen the development of the Crude Desk, Direct Trading Desk and Strategy Desk within Onyx Commodities to become market leaders in their space. Aside from this, he has been the visionary behind Onyx Advisory, in which he sits as a board member. Greg’s trading history spans over 6 years, over which he has trained and managed the performance of traders in Crude, Distillates and Long termed trading. Greg holds a Biochemical Engineering degree from University College London.

Greg Newman
CO-CEO / Head of Crude Oil

 

Omar is a founder and the joint CEO of Onyx Capital Group. He has successfully pioneered the Light Ends desk at Onyx which covers Gasoline and Naphtha. He has built the Light Ends business into one of the largest market makers and traders globally, collectively responsible for half of the volume in cleared products traded in this space. Omar currently manages a team of 6 traders, which he continues to expand, as well as the desk’s trading styles and products covered. Before founding Onyx, Omar traded at Mandara Capital, where he set up and ran the Gasoline desk and managed a team of 3 traders.

OMAR KAYAAM
CO-CEO / HEAD OF LIGHT ENDS

 

James has a wealth of experience in the oil market, having started as an independent trader in the ICE Pit Trading floor trading Brent and Gasoil futures. Leading a consistently successful career both as an independent trader in Oil futures, James has also worked in options within Brent, Gasoil and Coffee. He worked at Mandara Capital for 4 years as the Head of Distillates, before moving on to start an independent Trading business and then Onyx.

JAMES ALLDAY
CO-FOUNDER

 

Johnny’s career in the oil market spanned 25 years before co-founding Onyx. He began as a broker with Prudential-Bache on the trading floor of the IPE, before moving to Spectron to run the Distillates desk. He then started and co-ran the global oil desk at ICAP, where he remained for 18 years, building it into a 40 strong team with desks in London, New York and Singapore.

JONATHAN MYLNE
CO-FOUNDER