CME Group is pleased to announce that OTC Global Holdings has joined our roster of leading interdealer brokers to offer energy traders a superior straight-through-processing (STP) solution for OTC Energy trading.

OTC Global Holdings' portfolio of energy and commodity brokers includes Choice, Power Merchants Group, Edge Energy, Pinnacle Derivatives, Black Barrel Energy as well as its proprietary EOXLive hybrid trading/broking platform.

Supporting brokered, exchange-traded and bilateral transactions, CME ConfirmHub allows both voice and electronic trades to be received in a standard format and then routed directly into trade capture and processing systems. This virtually eliminates the need for manual-trade entry, reduces errors and decreases trade processing costs and timelines. Via one secure API connection to ConfirmHub, trading firms can receive trades from multiple brokers and exchanges, significantly reducing costs associated with establishing and managing STP connections to multiple trading venues.

CME ConfirmHub's real-time STP enables both brokers and trading firms to meet the trade reporting and swap data repository submission requirements mandated by the Dodd-Frank Act.

"CME ConfirmHub is well established in the energy trading community and we are excited to offer this post trade service to our clients. It will improve the ease with which our clients can trade through our brokerage desks and will help ensure they are prepared for Dodd-Frank compliance," said Javier Loya, Chairman and CEO, OTC Global Holdings.

"As one of the most active international energy brokers, OTC Global Holdings was one of the most frequently requested firms by ConfirmHub members," said Michel Everaert, Managing Director, OTC Solutions at CME Group. "I am extremely pleased that OTC Global Holdings will soon be operational on ConfirmHub, allowing us to provide STP connectivity to their portfolio of brokers." 

OTC Global Holdings trades should be available on ConfirmHub early in the new year.