Evolution said the London office would enable it to trade financial derivative products in the international over-the-counter coal market. The company had previously operated out of its operations in Johannesburg, South Africa and White Plains, New York.
“The OTC coal market is showing impressive growth in Europe, due to increased activity in financial derivative products,” said Evolution’s Alan Gillespie. “Much of the volume in paper trading is coming through London, which has really become the hub for international financial coal markets.”
Evolution Carbon International’s services span the international OTC coal market. The company is a joint venture of the world's largest OTC coal broker, Evolution Markets LLC, and the prominent worldwide brokerage firm of financial oil and oil products, Starsupply Petroleum LLC.
