Houston (September 17, 2015) – Ion Energy Group, a portfolio company of leading independent interdealer broker OTC Global Holdings (OTCGH), today announced that it brokered the first on screen trade using EOXLive, the company’s proprietary hybrid trading platform, which recently began allowing users to negotiate, execute and confirm block trades directly and without having to pick up the phone.
The natural gas options contract is an example of how OTCGH and its portfolio of independent brokerages are continuing to redefine the commodities trading landscape. In addition to Ion Energy, OTCGH brokerages including PVO Energy, Pinnacle Derivatives, Power Merchants Group, Choice Natural Gas and Edge Energy brokered on screen trades using EOXLive.
“We have been eagerly anticipating the launch of EOXLive’s on screen trading functionality,” said Sid Perkins, Ion Energy Managing Director. “By providing a level of understanding and market visibility previously unavailable, EOXLive is going to encourage new participants to trade.”
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. It 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.
About Ion Energy Group
Founded in 2008 and based in New York and Houston, Ion Energy is a portfolio company of OTC Global Holdings and a brokering group of EOX Holdings that offers clients brokering services and expertise in natural gas liquids (NGL), product options and the natural gas and crude 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, 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 visit www.otcgh.com or go tohttps://youtu.be/5h6AlVHsyRM.
Contact: Mike Gehrig