Providing a level playing field to the opaque & uncertain marketplace
At Onyx Capital Group, we house various divisions driving our mission: Onyx Commodities, our trading arm, is the top global market maker in oil swaps, ensuring crucial liquidity. Onyx Capital Advisory, our services arm, offers unique data on oil swaps, supporting traders through brokerage and consultancy services. Our platform, Flux, enables digital trade with real-time market visibility. Rapid growth in the last five years positions Onyx to break barriers and provide accessible market solutions.
Onyx was founded in 2016 as an oil derivatives trading house. Greg Newman and Omar Kayaam, who previously met while running their own trading desks at another trading firm, left together to start their own company with the vision of taking Onyx to a market leader in a multi-faceted operation.
Greg and Omar sketch out how Onyx will work
Onyx launches its Crude Oil Trading Desk
Greg and Omar launch Onyx Commodities Ltd
Gasoline and Naphtha Trading Desk launched
OCL Revenue £17m, net profit £1m
Distillates Trading Desk launched
OCL revenue £31m, net profit £4m
NGL Trading Desk launched
Onyx Capital Advisory Ltd formed
Through embracing their identity as market-makers, Greg and Omar worked to build trading coverage across the barrel and all geographical regions, targeting dominant positions in each product. From there Onyx has leveraged its unrivalled visibility and expertise in the energy-indexed swaps market (otherwise known as oil swaps) into a service offering through the launch of Onyx Capital Advisory in 2018.
Onyx Capital Group Ltd formed
Onyx Insight launched
OCGL revenue 47m, net profit, 12m
Fuel Oil Trading Desk re-launched
Onyx starts to make headlines
Onyx Capital Group wins Newcomer of the Year
Traders are rewarded with equity, becoming the first equity partners in Onyx Capital Group Ltd
Onyx Brokerage launched as the first interdealer brokerage in oil with an advisory licence
OCGL revenue 120m, net profit £52m
LNG Trading Desk is launched
Onyx Commodities win Market-Maker of the Year
OCGL revenue £85m, net profit £26m
Luke McDermott becomes an official equity partner in Onyx Capital Group Ltd
Flux Financial Ltd formed
Onyx 5th year anniversary
Onyx launches Flux: our oil market intelligence platform
Dubai Trading Desk is launched
Iron Ore Trading Desk is launched
Henry Monahan and Jasper Bird become official equity partners in Onyx Capital Group Ltd
OCGL revenue 160m, net profit £62m
Management buyout of founding investor group (92% owned by founders)
Onyx Capital APAC Pte Ltd launches in Singapore
OCGL revenue 208m, net profit £76m
The Onyx C-Suite is formed
Power Trading Desk is launched
'World of Oil Derivatives: A Guide to Financial Oil Trading in a Modern Age' is published
Onyx Commodities Switzerland AG launches
Onyx introduces directors
Eight years of Onyx Capital Group
Onyx has since become an authority on oil price and flows. Our trading business is the largest market maker by volume in the world. Our service arm is able to offer a full suite of services from broking to consultancy and critically acclaimed research. And our latest innovation - Flux - is a new data visualisation platform designed specifically for the oil swaps market.
Become part of the prestigious Onyx Elite program by joining one of the world's top trading companies
The Financial Conduct Authority has released warnings that the following unauthorised firms “Onyx Traders” and "Onyx Trade Group" may be targeting people in the UK. The Onyx Capital Group, and its subsidiaries (collectively "Onyx"), do not have any association with these firms. Onyx Commodities Limited (FRN: 778117) and Onyx Capital Advisory Limited (FRN: 822509) are both authorised by the Financial Conduct Authority.