Trusted by Global Energy Traders
Streamlining workflows across teams with secure, real-time communication and data sharing on a private, permissioned ledger while ensuring up-to-date access for trading counterparties.
Automated Services that Revolutionize Your Day-to-Day Processes
Our application seamlessly integrates with Energy Trading and Risk Management (ETRM) systems and North American natural gas pipelines, eliminating redundant data entry, improving data quality, reducing back-office reconciliation, and adding robust reporting capabilities.
Primary data set of key industry information. Users map their ETRM data, enabling communication with counterparties via smart contracts throughout the Eleox platform.
- Standardizes data naming, allowing for real-time reconciliation between counterparty ETRM systems
- ETRM data names are mapped to an Eleox data name creating one universal language for all
- Users see their proprietary ETRM language while communicating in a standard language
- Eleox products leverage mapped data without incremental user effort
We map your data to our standardized language, allowing you to communicate with other customers while maintaining your own company’s naming conventions.
- Standardizes data naming creating a universal language
- Enables seamless integration among our full suite of products
Confirms transactions in real-time by matching consortium-defined trade criteria, identifying any inconsistencies between counterparties’ systems of record. Confirmed trades are added to the ledger.
- Counterparties confirm transaction terms digitally in a manner that is secure, immutable, and private
- Highlights conflicting transaction terms and notifies both parties
- Records the confirmed transactions on both parties’ private, permissioned ledger
- Confirmed trades are legally binding contracts
Real-time digital confirmation of customers’ transaction terms (as well as discrepancies) and transaction confirmations are securely recorded on each customer’s private, permissioned ledger.
- Allows secure, immutable, and private digital confirmation of transaction terms
- Highlights conflicting transaction terms
- Records legally bound trade confirmations for transactions on both parties’ private ledgers
Standardized nomination platform for scheduling natural gas on U.S. and Canadian pipelines. Reduces the complexity of using custom in-house software and associated manual processes.
- ETRM integration, creating a single point of data entry for gas scheduling
- Displays position summaries and maximum daily quantities to track volume limits
- Submits pipeline nominations via EDI
- View scheduled quantities and cuts (with reduction reason) for each nomination cycle
- Provides updated pipeline tariff rates and validation tools to alert for discrepancies in the user’s ETRM
Automatically reconcile digitized invoices at a detailed level, allowing for improved cash flow and PnL reporting.
- Aggregates invoice details from pipelines and your ETRM system
- Reduces manual effort of matching and verifying invoices, and allows granular view of discrepancies
- Expedites reconciliation cycles
Standardizes and digitizes the invoice reconciliation process between counterparties using a consortium-defined data model for invoice comparison.
- Aggregates invoice details from pipelines, via EDI, and the customer’s ETRM system
- Reduces time and effort required to manually match and verify invoices
- Ability to view pipeline invoice discrepancies at a granular level
- Customizable header fields and tolerance levels to fit business requirements
- Faster reconciliation cycles improving cash flow management and PnL reporting
Automatically reconcile digitized invoices at a detailed level, allowing for improved cash flow and PnL reporting.
- Aggregates invoice details from pipelines and your ETRM system
- Reduces manual effort of matching and verifying invoices, and allows granular view of discrepancies
- Expedites reconciliation cycles
Leveraging distributed ledger technology
Delivering user-driven technology – our tools are designed by industry experts with decades of post-trade energy experience.
20-40%
15%
Our values are the IDEAS that formed Eleox
Innovation
Foster a culture of continuous improvement and innovation with seamless integration.
Dependability
Provide dependability and responsiveness to market changes and customer needs.
Efficiency
Provide efficient and consistent energy trading solutions with 24/7 support for our products.
Agility
Maintain agility to adapt and thrive in a dynamic energy landscape.
Security
Safeguarding customer data in transit and at rest in compliance with SOC2 standards.
We are Eleox
Matthew Almy
Mike Kiefer
Vinnie Annunziata
Becky Gottsegen
Michelle Brocklesby
Doug Meador, Macquarie Group Ltd
Kristin Huff, BP Energy Company
Rob Short, Castleton Commodities International, LLC
Mat Graber, Koch Ag & Energy Solutions
Doug Way, Shell Energy North America (US), L.P.
Kurt Wissner, Mercuria Energy America, LLC
Our mission is to inspire innovation, imagine fundamental change, and build an enduring post-trade platform using leading-edge technology with input from trading leaders in the energy industry.
What our members are saying
“The immediate benefit of digital efficiencies and decreased operational costs are key drivers for us. Eleox’s end-to-end processing from Ox Pair confirmations through digitized nominations and invoicing will be a value-add for our business.”
Orlando Alvarez
“Shell’s go-live on Eleox’s platform is an important milestone in our pursuit of innovation and digitization in our trading business."
Carolyn Comer
“Eleox’s OxPair solution, utilizing distributed ledger technology has not only accelerated our confirmations but has also significantly reduced operational risks and compliance concerns. By integrating OxPair with Eleox’s full platform, we’ve improved efficiency across confirmations, scheduling, and settlements with pipelines."
Doug Way
“What sets Eleox apart is its holistic approach—OxNom, OxPair, and OxSettle work in sync, ensuring a truly seamless post-trade workflow. This platform is a must-have for any company looking to modernize and optimize operations."
Kurt Wissner
“Eleox’s OxPair distributed ledger solution has improved efficiencies across trade confirmations, scheduling and settlements, supporting us in reducing the time it takes to confirm trades and improving our ability to manage operational data."
Doug Meador
HOUSTON–(BUSINESS WIRE)–Eleox LLC (“Eleox”), a consortium of leading global energy companies, is pleased to announce the addition of Vincent Annunziata and Robert Palatnick to its newly-formed Advisory Board. Vinnie and Rob join the Eleox team
Eleox Wins Energy Risk Award – Newcomer of the Year! Read the full article here.
HOUSTON–(BUSINESS WIRE)–Eleox LLC (“Eleox”) today announces that all six of its client members are successfully pairing their physical natural gas trades with each other using Eleox’s distributed ledger technology (“DLT”) and smart contracts. bp, Castleton
LEADING ENERGY TRADING FIRMS LAUNCH ELEOX, A JOINT VENTURE TO SOLVE OPERATIONAL INEFFICIENCIES IN NATURAL GAS POST-TRADE PROCESSES HOUSTON (November 15, 2021) – A select group of leading companies that market and trade natural gas
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