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Solving Operational Inefficiencies in
Natural Gas Trading.

By the industry. For the industry.

 

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What is Eleox?

   

Eleox-Ox

 

A select group of companies that market and trade natural gas in North America has formed and invested in Eleox to re-imagine commodity post-trade processing.

We are creating an enterprise-grade application based on distributed ledger technology (DLT) to replace many existing, siloed post-trade systems.

This secure, real-time digital approach will manage transactions from post-trade through settlement, replacing paper-based contracts and manual reconciliation processes.

While we are focused on natural gas today, we have ambitions to expand into power and to build a platform to track carbon emissions data across a range of commodities, from the source to the end-user. Our vision is to support broader energy markets and the transition to a lower carbon future.

Read Launch Announcement

Our Founding Members

 

BP logo CCI logo Koch logo Macquarie logo Mercuria logo Shell Pecten

Delivering Value

Natural gas trading operations can look forward to:

Eleox Operational Efficiency

Fewer data errors, fewer mismatches, and less manual reconciliation, minimizing delays in transaction settlements

Eleox Financial Visibility

Reduced financial exposure due to shorter settlement cycles, freeing capital previously tied up in cash flows

Eleox Data Security

Increased transparency and accountability while maintaining data security using distributed ledger technology

Why it Matters

   

Eleox Value

 

North American natural gas transaction costs are growing. Current processes for settling energy commodity trades don’t allow for economies of scale.

They create a propensity for data errors and cause lengthy reconciliation, delaying transaction settlement. This ties up significant cash flows.

It's time to become more efficient. We are collaborating to build and use a shared platform to address the challenge.

FAQ

What is Eleox?

Eleox is an independent company created and backed by a select group of companies that market and trade natural gas in North America including bp, Castleton Commodities International LLC (CCI), Koch Energy, Macquarie Group, Mercuria Energy America, and Shell Energy North America (US) LP.

What is it offering?

Eleox is building an enterprise-grade platform to resolve inefficiencies in the post-trade execution process in the North American natural gas space. The platform will manage transactions from post-trade through settlement, replacing many existing, siloed post-trade systems with a unified, full-lifecycle platform.

Where and when is it launching?

Eleox's founding members will pilot the platform as its first users in mid-2022, with the platform anticipated to open to all market participants by late 2022.

How much does Eleox cost?

Contact us to learn more about pricing.

Why Use Distributed Ledger Technology?

Distributed ledger technology provides trust and immutability and mitigates concerns around data security. By creating a shared ecosystem underpinned by DLT, Eleox can remove many inefficiencies found in current processes and create a single source of truth, allowing for real time reconciliation of trade data between counterparties.

Why is Eleox Best Placed to Solve This Problem?

Built in collaboration with a select group of leading market participants, the Eleox platform will be tailored to the issues and nuances of the North American natural gas market. These industry leaders understand the challenge this portion represents and their combined experience and knowledge will be key to developing a solution for the industry.