FAQs
What is Eleox
Eleox is a consortium supported by leading global energy traders, including bp, Castleton Commodities International (CCI), Koch Energy Services, Macquarie, Mercuria Energy America, and Shell Energy North America (US), L.P., specializes in leading-edge software solutions for the post-trade process of energy commodities.
What Is It Offering?
We operate a distributed ledger technology platform addressing operational inefficiencies in natural gas post-trade processes. The platform integrates with ETRMs and manages transactions from confirmations through settlement, replacing many existing, siloed post-trade systems with a unified, full-lifecycle platform.
Why Use Distributed Ledger Technology?
Distributed ledger technology (DLT) provides trust and immutability and mitigates concerns around data security. By creating a shared ecosystem underpinned by DLT, Eleox removes inefficiencies found in current processes and creates a single source of truth, allowing for real-time reconciliation of trade data between counterparties.
Why Is Eleox Best Placed To Solve This Problem?
We engage with our members daily, refining our products with valuable end-user feedback. This built-in collaboration allows Eleox to tailor its platform to solve issues and nuances that are relevant to the industry.
When and Where Is It Launching?
The Eleox platform will be open to all market participants in 2024.
How Much Does Eleox Cost?
Contact us to learn more about pricing.
What does the future hold?
While we are focused on natural gas today, we have ambitions to leverage digital ledger technology across a range of uses and commodities. Our vision is to support the energy markets as we transition to a lower-carbon future.