HOUSTON (December 11, 2017) – Ion Energy Group, a portfolio company of leading independent interdealer broker OTC Global Holdings (OTCGH), today announced that it has brokered the first Natural Gas Liquids (NGL) Block trade on the Nasdaq Futures Exchange (NFX) on December 7, 2017.
“Ion Energy is proud to continue its legacy of being an industry leader with this most recent first of its kind market trade on the NFX,” said Ion Energy’s Thomas (TJ) James, who brokered the trade.
Ion Energy also brokered the first options contract, a natural gas options transaction, on the NFX shortly after the platform’s launch in late 2015 and earlier this year the company rang the Closing Bell during the Nasdaq stock market closing ceremony.
“This trade by TJ and Chris Dinges of Ion’s NGL desk is yet another example of the forward thinking that has propelled OTCGH to its position as the leading independent commodities interdealer broker in the world over the last 10 years,” added Javier Loya, Chairman and Co-CEO of OTCGH. “As the only broker within the NFX Partnership, OTCGH continues to work closely with the exchange to roll out their new products within its energy markets.”
OTCGH’s Power Merchants Group also brokered the NFX’s first crude options trade in July 2015 and its Choice! Power portfolio company brokered the platform’s first power options in May 2016.
For more information about OTCGH and its portfolio companies, including Ion Energy, visit www.otcgh.com.
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 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.