OTCGH’S EOXLIVE PLATFORM BROKERS RECORD-SETTING 128,000 NATURAL GAS OPTIONS LOTS IN MAY, TRIPLES CLIENT BASE
Volume eclipses previous record by 4 percent, representing 59 percent of leading IDB’s total NFX Natural Gas Options transactions during May 2017
HOUSTON (June 6, 2017) – OTC Global Holdings (OTCGH) announced that in May 2017 its EOXLive platform brokered a record-setting 128,000 Natural Gas Options lots, eclipsing the previous record (from February 2017) by 4 percent. In addition, the leading independent commodities interdealer broker tripled the amount of users on the platform and transacted 59 percent of its total 217,000 NFX Natural Gas Options market lots on EOXLive.
“Thanks to continued, across the board support by our brokers EOXLive experienced another record month in May,” said Javier Loya, Chairman and Co-CEO of OTCGH. “The platform also saw a record amount of trader-to-trader interaction as a result of the significant growth of its client base, and we expect this trend to continue as we look to bring on other key market participants in the near future.”
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 market share 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 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, Des Moines, Geneva, Houston, London, Louisville, New Jersey and New York. 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.