The EOX Exchange will Provide Futures and Options with Increased Customer Service and Robust Risk Management
HOUSTON – (June 10, 2013) — OTC Global Holdings LP (OTCGH), the leading independent interdealer broker in commodities markets, formally announced today that its subsidiary, EOX Exchange LLC, filed its application with the U.S. Commodity Futures Trading Commission (CFTC) for designation as a contract market (DCM).
A wide range of derivative products will be offered on the EOX Exchange, including futures and options in natural gas, crude oil and refined products, natural gas liquids, power and agricultural products. The EOX Exchange will leverage OTCGH’s proprietary EOXLive platform, which is well-known in the commodities sector for its ability to combine the transparency and convenience of electronic trading with the execution benefits of voice brokerage.
Leslie Barbagallo, president of EOX, will lead the effort to establish the EOX Exchange. Barbagallo joined the company earlier this year.
“As a broker, OTC Global Holdings has always been incredibly customer-centric, listening closely to customers as we developed products and services in brokerage, market data and technology. Adding centrally-cleared EOX Exchange futures and options will further enhance the solutions we’re able to offer in our areas of unique core competence – commodities and options,” said Barbagallo. “With the addition of EOX Exchange, we are providing customers a robust risk management solution with enhanced transparency and service – something they cannot get anywhere else.”
Since its formation in 2007, OTCGH has quickly become the largest independent institutional broker of commodities in North America.
“When we formed OTC Global Holdings just six years ago, our goal was to be the premier global commodity brokerage firm,” said Javier Loya, chairman and CEO of OTCGH. “The creation of the EOX Exchange is another step towards this goal, offering a combination of voice brokerage and exchange services to meet the full needs of our clients in a changing regulatory landscape.”
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About OTC Global Holdings
Formed in 2007, OTC Global Holdings is headquartered in Houston and New York, with additional offices in Chicago, Jersey City, London and Louisville. It has a dominant market share in North American natural gas, natural gas liquids, several US power markets, crude oil and refined products, agricultural and soft commodities, and structured weather and emission derivatives. Most recently, it has significantly grown its presence in the European energy markets via its OTC Europe office in London. The company serves more than 250 institutional clients, including over 40 members of the Fortune 500, and transacts in hundreds of different commodity delivery points. To learn more about the company, please visit www.otcgh.com or go to http://bit.ly/OTC.