OTC Global Holdings Brokers first CME Bitcoin Futures Block

Choice! Natural Gas, a portfolio company of leading independent interdealer broker OTC Global Holdings (OTCGH), announced it brokered the first CME Bitcoin Futures Block trade on Dec. 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 fix price commodity like we did with this trade as well as to 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. EOX Holdings operates out of Houston and New York and is a registered member of the National Futures Association. It clears block futures and options on behalf of the OTCGH affiliate companies and maintains OTCGH’s EOXLive platform, 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.
“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.”