Forty one natural gas option trades representing 12,300 lots occur in one day on leading IDB’s first of its kind offering for U.S. energy markets. . .
HOUSTON (February 10, 2016) – OTC Global Holdings (OTCGH), the leading independent commodities interdealer broker, announced today that on February 9, 2016 its EOXLive platform generated a record number of trades executed by traders interacting directly with the screen. EOXLive, a hybrid broking/trading platform for block futures transactions, is operated by OTCGH subsidiary EOX Holdings LLC and complements traders’ customary interaction with EOX voice brokers.
Forty one natural gas options trades representing 12,300 lots were negotiated directly on the platform, significantly eclipsing the previous high. Each trade on EOXLive is bilaterally confirmed by an EOX voice broker, who is also responsible for generating an electronic ticket for buyers and sellers to minimize the chance of an error or misunderstanding.
EOXLive allows users to negotiate, execute and confirm block trades directly on the screen. The platform leverages OTCGH’s strong market share to provide unique market intelligence and transparency and includes pre-trade markets and last-traded prices for natural gas options.
In addition to natural gas, the EOXLive platform supports trading in the full spectrum of bilateral and exchange-traded commodities, both physical and financial, including power, petrochemical, crude, refined product, metal, agricultural, weather and environmental markets.
About EOX Holdings LLC
EOX Holdings LLC (EOX) is registered as an Introducing Broker with the National Futures Association (NFA). EOX delivers unique and comprehensive market data, introducing broker (IB) services and the EOXLive platform. EOXLive provides order and trade management, confirms, reporting and clearing for thousands of trader, hedger and market maker accounts. EOXLive Active Markets delivers comprehensive on-screen price discovery while keeping the important human element in the trader and broker relationship. Leveraging the liquidity of over 15 brokerage shops across the commodity spectrum, EOXLive customers have transparency and execution capabilities so they can trade like never before. EOX Holdings LLC is a wholly owned subsidiary of OTC Global Holdings.
About OTC Global Holdings
Formed in 2007, OTC Global Holdings has become the world’s largest independent institutional broker of commodities, covering financial and physical instruments from offices in Chicago, Geneva, Houston, New Jersey, London, Louisville and New York. The company is a leading liquidity provider on CBOT, ICE and NYMEX, ranking number one amongst its peers in numerous derivatives contracts across biofuels, emissions, commodity index products, crude oil, natural gas, natural gas liquids (NGLs), metals, petrochemicals and refined products, power, proppants, soft commodities, and weather derivatives. The company serves more than 450 institutional clients, including over 70 members of the Global Fortune 500, and transacts in hundreds of different commodity delivery points in Asia, Europe and the Americas. To learn more about the company, please visit www.otcgh.com or go tohttps://youtu.be/5h6AlVHsyRM.
Contact: Brittney Garneau