HOUSTON (August 4, 2015) ) – Power Merchants Group, a portfolio company of leading independent interdealer broker OTC Global Holdings (OTCGH), today announced that it brokered the first crude options trade on the newly launched Nasdaq Futures Exchange (NFX) on Thursday, July 30.
This first follows OTCGH brokering the NFX’s very first options trade, a natural gas options transaction, shortly after the exchange’s launch.
In addition to brokering services, OTCGH has integrated its EOXLive platform on NFX.
For more information about OTCGH, Power Merchants Group and EOXLive, visit www.otcgh.com.
For more information about NFX visit http://business.nasdaq.com/nasdaq-futures/nfx-market
About Power Merchants Group
New York-based Power Merchants Group was founded in 1998 and is a portfolio company of OTC Global Holdings and a brokering group of EOX Holdings specializing in options, swaps and index-related products for a range of US and Canadian natural gas delivery points along with crude oil options and swaps.
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 and New York. The company is a leading liquidity provider on Nasdaq Energy Futures, CBOT, ICE, Nodal Exchange 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 to http://youtu.be/5h6AlVHsyRM.