Eleox
Oil and GasTexas, United States11-50 Employees
Eleox operates a post-trade platform for physical natural gas trading, headquartered in Houston, Texas. The system leverages distributed ledger technology to replace disparate post-trade workstreams, enabling transactions to move from trade to settlement while eliminating paper contracts and manual reconciliation. Its target customers are North American gas marketers and traders seeking more secure, real-time processing and streamlined workflows. The service aims to reduce fragmentation and latency inherent in traditional post-trade processes. Although natural gas is the initial focus, Eleox intends to broaden its scope to other energy commodities along the value chain from source to end user, supporting broader energy markets and a transition to a lower-carbon future. The company operates with a relatively small team. In September 2023, Eleox launched Ox Pair, a gas-focused joint venture that introduced its first platform for trade confirmations.