Risk.Net - Newcomer of the year: Onyx Capital Group

29th May 2020

A willingness to make markets in esoteric energy derivatives, an understanding of market psychology and a ‘keep it simple’ approach to corporate hedging have made Onyx a big name in the energy derivatives markets. The firm was launched just four years ago by its two co-founders, alongside four graduates across two trading desks, and has risen to become one of the largest providers of energy derivatives liquidity in the world, offering prices in opaque and little-traded parts of the energy derivatives complex. In 2019, it added advisory and hedging services to its offering, creating Onyx Capital Group as the umbrella company for the market-making and advisory businesses.