First of its kind offering for U.S. energy markets combines leading IDB’s unmatched liquidity with screen execution to provide greater visibility and drive trading volume
HOUSTON (September 14, 2015) – OTC Global Holdings (OTCGH), the leading independent commodities interdealer broker, announced today that it is expanding the functionality of its EOXLive platform to allow users to trade directly on the platform’s screen without having to pick up the phone.
The new functionality complements the interaction with EOX voice brokers, allowing users to negotiate, execute and confirm block trades directly via EOXLive. This multi-faceted approach to trading provides instant access to real-time data and pricing, so that individual buyers and sellers can execute trades at the best possible price. Further, trades made on-screen will generate an electronic ticket for buyers and sellers to minimize the chance of an error or misunderstanding.
“Our goal is to encourage new participants to trade by providing them with a level of understanding and market visibility previously unavailable,” said Javier Loya, chairman and chief executive officer of OTCGH. “As the volume of trading increases, there will be more opportunity for buyers and sellers. At the same time, those seeking to hedge their risk will be able to do so better than ever before. All of this will ultimately result in a more robust market.”
This latest innovation from OTCGH for EOXLive, which provides traders and risk managers with unique information and liquidity not currently available on any screen, is the first of its kind within the U.S. OTC energy space. The commodities platform leverages the firm’s strong market share in natural gas, where it typically transacts between 40 and 55 percent of the volume within the options market, power, petrochemicals, crude, refined products, metals, agricultural, weather and emission derivatives markets.
EOXLive includes pre-trade markets and last-traded prices for natural gas options, leveraging OTCGH’s strong market share to provide unique market intelligence and transparency. 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. For more information or to receive free access to EOXLive, visit http://www.otcgh.com/eox or contact EOXLive via email:firstname.lastname@example.org, AIM: eoxops or phone: 877-737- 8511.
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, Des Moines 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 visitwww.otcgh.com or go to https://youtu.be/5h6AlVHsyRM.
Contact: Mike Gehrig