Global Energy Markets
Full service energy commodity brokerage specializing in Crude Oil, Jet Fuel, Diesel (ULSD) cargoes, and Natural Gas.
Offering Futures, Hedges, and Calendar Spread Options (CSO’s)
“From his early days as a NYMEX floor trader to leading one of the most capable brokerage teams in the industry, Larry has built Liquidity on real expertise. His team’s knowledge of physical energy and freight, combined with their ability to execute sophisticated trades with speed and precision, has supported our business for years. Working with Liquidity feels like adding an entire in-house trading group.”
Frequently Asked Questions About Liquidity Energy
Getting Started with Liquidity Energy
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Liquidity Energy LLC is a specialty brokerage services provider that specializes in physical commodity trading of crude oil, jet fuel, ULSD (Ultra Low Sulfur Diesel), natural gas, and renewables. We provide industry-wide clients with access to market information and both OTC (over-the-counter) and exchange-listed trade execution services. Founded in 2011, our 17-person team brings over 100 years of combined expertise in commodity trading and risk management. We help clients execute futures, options, swaps, and other derivatives orders while maintaining the strict confidentiality that energy markets demand.
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We serve a diverse range of clients including energy traders, hedge funds, banks, petroleum refineries, wholesale fuel terminals, regional producers, institutional investors, and corporate hedgers. Our clients range from sophisticated trading desks to commercial end-users who need hedging strategies for their energy exposure. Whether you're speculating on price movements or protecting your business from volatile energy costs, our team has the expertise to execute your strategy with precision and discretion.
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Our differentiation comes from three key areas: First, our team's deep experience—our brokers average over 20 years in energy markets, with many having spent decades on the NYMEX trading floor. Second, our CEO Larry Roche was a NYMEX/CME member for over 30 years and was the top market maker in natural gas pits for 20 years, bringing unmatched market intuition. Third, we combine old-school relationship brokering with modern market intelligence through our daily newsletters and analysis, giving clients both execution excellence and informational edge.
Team & Expertise
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Our team has over 100 years of combined expertise in commodity trading and risk management. Our brokers average 20+ years of individual experience, with backgrounds spanning NYMEX floor trading, renewables, engineering, and institutional trading desks. CEO Larry Roche has been a NYMEX/CME member for over 30 years, spending 20 years as the top market maker in natural gas pits. This depth of experience means we've seen every market condition and can provide seasoned guidance through both calm and volatile periods.
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Liquidity Energy is led by CEO Larry Roche, a NYMEX CME member since 1993 who leads our 17-person brokerage team across jet, ULSD, crude, gas, freight, and renewables. Our CFO Barbara Hartel oversees financial strategy and operational integrity, bringing experience from Shell, DC Energy, and Constellation. Our CCO David Ryan serves as full-time Compliance Officer with 15+ years guiding swap dealers through CFTC and NFA regulations. Our newest addition, Amanda Angrove, leads our cargo business with 15 years of logistics and refinery expertise from Vitol, specializing in refined products and global crude supply arbitrage.
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Our brokerage team covers the full energy complex with dedicated specialists: Nick Ross (energy derivatives and refined products with 20+ years), Peter Donovan (NYMEX floor trader with 34 years in crude oil), Brian Lapersonerie (25 years in diesel and jet fuel), John Demicoll (large OTC structures and complex hedging), Paul O'Leary (swaps, spreads, and options), Dennis Stoneman (renewables since 2004, former IPE/NYMEX member), Randall Rothenberg (daily market commentary and risk intelligence), Douglas Towne (trading systems and hedge fund strategy), Anthony Roberts (20 years in oil and refined products), Nick Coolidge (ethanol and RINs intelligence), and Richard May (15 years in futures and swaps with Series 30 and Series S certification).
Services & Products
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We broker a comprehensive range of energy commodities including crude oil (WTI, Brent), refined products (ULSD/diesel, gasoline, jet fuel), natural gas (Henry Hub, regional basis), power products (PJM strips, options, heat rates, capacity), and renewables (biodiesel, ethanol, RINs). We handle both physical cargoes and financial derivatives across these markets. Our cargo division, led by Amanda Angrove, specializes in international cargo and marine logistics, while our derivatives team structures swaps, spreads, options, and complex hedging programs tailored to client needs.
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We execute the full spectrum of energy trades including outright futures and options on exchanges like NYMEX, CME, and ICE, as well as OTC instruments including swaps, calendar swaps, basis swaps, crack spreads, heat rate options, and structured products. We specialize in block trades, complex hedging programs, and large structures that require discretion and expertise. Our team can handle everything from a simple futures hedge to multi-leg strategies involving options, swaps, and physical delivery. We also broker physical cargoes of crude oil, jet fuel, and ULSD with integrated hedging strategies.
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Yes, risk management is a core part of our service offering. We take the time to understand precisely which types of hedges would best suit our clients' needs, working hard to identify relevant trading opportunities for asset optimization. Our team includes compliance expert David Ryan (CCO) who brings 15+ years of experience with CFTC and NFA regulations, and veteran risk manager Randall Rothenberg who provides daily risk intelligence and macro commentary. We help clients structure hedging programs, manage geopolitical risk, and navigate complex energy dynamics with confidence.
Pricing & Execution
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Brokerage compensation is typically structured as a commission per contract or lot traded, with rates varying based on product, volume, and complexity. For large programs and institutional clients, we can structure volume-based pricing or retainer arrangements. Our value proposition extends beyond just execution—clients benefit from our market intelligence, relationship access, and risk management expertise. Contact us at 212-931-1780 (New York), 609-716-1500 (New Jersey), or 713-904-3510 (Houston) for a discussion about your specific needs and a customized pricing proposal.
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We work with clients across the spectrum, from smaller commercial hedgers to large institutional programs. While we don't have a strict minimum, our services are best suited for clients who trade with some regularity and value expert execution and market intelligence. For one-off small trades, exchange platforms may be more cost-effective. For ongoing hedging needs, risk management programs, or block trades, our brokerage model delivers significant value. Contact us to discuss whether your trading activity is a good fit for our services
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Getting started is straightforward: First, reach out to us via phone (212-931-1780, 609-716-1500, or 713-904-3510) or through our website contact form. We'll schedule a conversation to understand your energy exposure, trading objectives, and risk management needs. Second, we'll connect you with the appropriate specialist on our team based on your product focus. Third, we'll handle account setup and compliance documentation through our CCO's office. Finally, you'll receive access to our daily market intelligence and can begin executing trades with guidance from your dedicated broker. The entire process typically takes just a few days.
About Liquidity Energy
At Liquidity Energy LLC, our team consists of veteran brokers in the crude oil, refined products, natural gas, and renewables markets.
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