Our Mission is to Digitise, Democratise and Scale the Oil Swaps Market
Through our values of transparency and fairness, Onyx lift the veil on the workings of the oil market and provide universal access and utility for any and every financial oil trading needs
So how can we help you? We’re unique because we can solve all your oil market related problems in house. Want to do some hedging? Leave it with us, we’ll take care of it all. Need a broker? We’re the only UK broker able to advise clients on potential trades and market movements. Need advice on the market conditions? Our tools have got that covered. Trading? We only hire the SAS/Navy SEAL equivalents of traders.
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.
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 oil-indexed futures market (otherwise known as oil swaps) into a service offering through the launch of Onyx Capital Advisory in 2018.
Onyx have since become an authority on oil price and flows, with the trading business being the largest market maker by volume in the world, whilst the service arm is able to offer a full suite of services from broking to consultancy and critically acclaimed research.
Our Founding Partners
Group CEO & Executive Director
Greg has just over six years trading experience in oil derivatives having started and ran Crude oil teams at Onyx as well as at his previous firm. Greg was appointed to the CEO role full time early in 2019 and has been focussed on the company’s strategic vision, growth and culture ever since. Greg holds a BEng in Biochemical Engineering from University College London.
Director of Trading & Executive Director
Omar has traded Oil derivatives for eight years having started and run Light Ends teams at Onyx as well as at his previous firm. He has successfully pioneered the Light Ends desk at Onyx which covers Gasoline and Naphtha, building the business into the largest market maker globally covering more than a third of the volume in cleared products traded. He holds an M.Sc. and a B.A. Hons. in Chemical Engineering from the University of Cambridge where he got a starred First Class degree, finishing 2nd in the year.