Leading IDB’s platform also continues to grow client base, resulting in more trader-to-trader interaction
HOUSTON (September 6, 2017) – OTC Global Holdings (OTCGH) announced that in August 2017 its EOXLive platform brokered a record-setting 296,430 Natural Gas Options sides, eclipsing the previous record (from June 2017) by nearly 19 percent.
EOXLive’s total NFX transactions numbered 286,325 Natural Gas Options market lots, representing 43 percent of NFX’s total and helping the exchange surpass ICE’s overall monthly block volume total for the first time ever with 32 percent of the market compared to ICE’s 27 percent and CME’s 41 percent.
The leading independent commodities interdealer broker also continued to grow the EOXLive platform’s user base and saw an increase in trader-to-trader interaction as more clients embraced it.
“Thanks to continued, across the board adoption by our brokers EOXLive experienced another record-breaking surge in volume during August,” said Javier Loya, Chairman and Co-CEO of OTCGH. “We are also proud to see that our teams’ efforts as NFX’s broker partner have contributed to their milestone achievement as the second largest exchange by volume for Natural Gas Options in August.”
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, 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.