NEWS RELEASE
OTC GLOBAL HOLDINGS’ CHOICE! NATURAL GAS
BROKERS FIRST CME BITCOIN FUTURES BLOCK TRADE
HOUSTON (December 26, 2017) – Choice! Natural Gas, a portfolio company of leading independent interdealer broker OTC Global Holdings (OTCGH), today announced it brokered the first CME Bitcoin Futures Block trade on December 22, 2017.
“While OTC Global Holdings has traditionally been known as an energy-focused firm, in recent years we’ve grown to cover the entire spectrum of commodities to meet the expanding needs of our clients,” said Eric Scharf, Director of Sales and Marketing, EOX Holdings, who drove the company’s efforts to bring on the product. “We anticipate brokering more of the fixed-price commodity like we did with this trade as well as supporting the options market when it becomes listed.”
Choice!, with offices in Houston, New York and London, is a leading broker in natural gas options, natural gas basis, NGL, refined products, electricity, and weather derivatives.
“I am proud that OTCGH has achieved this first for our clients and want to recognize the progressive thinking by our brokers at Choice! as well as the team at EOX for making this happen so quickly,” said Javier Loya, OTCGH’s chairman and Co-CEO. “2017, the year of our 10th anniversary, was tremendous, but because of this type of thinking I expect 2018 to be even better.”
For more information about OTCGH and its portfolio companies, including Choice! Natural Gas and EOX Holdings, visit www.otcgh.com.
About Choice! Natural Gas
Founded in 2005, Choice! Natural Gas is a portfolio company of OTC Global Holdings and a brokering group of EOX Holdings. Choice! is a leading broker in Natural Gas Options, Natural Gas Basis, NGL, Refined Products, Electricity, and Weather derivatives.
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.
###
Contact: Mike Gehrig
Pierpont Communications
(713) 627-2223
mgehrig@piercom.com