OTCGH’S EOXLIVE PLATFORM BROKERS 37 PERCENT OF NATURAL GAS OPTIONS BLOCK MARKET IN JUNE
Leading IDB also accounts for 42 percent of NFX’s total Natural Gas Options block market volume during month, helping propel exchange past CME and ICE for first time ever
HOUSTON (July 2, 2018) – OTC Global Holdings (OTCGH) announced that in June 2018 its EOXLive platform brokered 37.25 percent of the Natural Gas Options block market. In addition, the leading independent interdealer broker accounted for 42 percent of the Nasdaq Future Exchange’s (NFX) total monthly Natural Gas Options block volume, contributing significantly to the NFX capturing a market leading 42 percent of the overall block volume for the first time ever (surpassing CME’s 36 percent and ICE’s 23 percent).
“We are proud to see our teams’ efforts in playing a major role for an exchange to capturing the largest share in the Natural Gas Market, We will continue to work with all of our Exchange partners in reaching our clients,” said Javier Loya, Chairman and Co-CEO of OTCGH. “This is a big accomplishment and it was clearly underpinned by our brokers’ hard work as well as the unmatched market insight provided by our EOXLive platform.”
EOXLive, which allows users to trade directly on screen without having to pick up the phone, includes pre-trade markets and last-traded prices for natural gas options and leverages OTCGH’s strong blocks to provide unique market intelligence and transparency. Recent updates to the platform also now automatically load indicative bids and offers from IM blasts, making it easy to manage and execute orders, and provide users instant access via a web-based platform, free embedded option pricing and analytics grids as well as a robust Markets Page.
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 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, Des Moines, Geneva, Houston, London, Louisville, New Jersey, New York and Singapore. The company is a leading liquidity provider on CBOT, ICE, NYMEX and NFX, 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 to https://player.vimeo.com/video/146686709.
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 nearly 20 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.