DGAP-News: NASDAQ OMX and NGX Announce U.S. Physical Energy Alliance
(firmenpresse) - The NASDAQ OMX Group, Inc.
09.07.2013 16:10
---------------------------------------------------------------------------
NEW YORK and CALGARY, 2013-07-09 16:10 CEST (GLOBE NEWSWIRE) --
NASDAQ OMX Commodities and Natural Gas Exchange Inc. (NGX), a wholly-owned
subsidiary of TMX Group, today announced that they have entered into a
strategic alliance (the Alliance). The Alliance involves the NASDAQ OMX US
physical energy entity, NASDAQ OMX Commodities Clearing Company (NOCC), a
wholly-owned subsidiary of The NASDAQ OMX Group, Inc., and the physical energy
exchange and clearinghouse of NGX, which serves more than 250 contracting
parties in the US and Canada.
Together NGX and NOCC will provide a premier solution for transacting in
physical energy in the US, helping customers maximize collateral efficiency,
and enabling increased transparency and market liquidity. The Alliance will
leverage NGX's established US natural gas trading and clearing expertise
combined with NOCC's physical power know-how. NGX will offer trading and
clearing services for the Alliance and NOCC will contribute account management,
product development, and scheduling resources.
'Adding physical power products with an established organization such as NOCC
is a natural addition to our successful physical natural gas business in the
US,' said Jim Oosterbaan, President of NGX. 'We expect this Alliance to help
new and existing NGX customers to improve their liquidity and collateral
efficiencies through cross commodity netting.'
'NGX is strategically aligned with our physical power business and their
complementary natural gas products present a great opportunity to leverage our
combined experience and capability in this unique regulatory environment,' said
Magnus Haglind, Head of US Commodities for NASDAQ OMX.
Subject to regulatory approval, NGX, a recognized exchange and clearing agency
in Canada and a registered U.S. Foreign Board of Trade and Derivative Clearing
Organization, will list and clear physical power futures contracts based on
NGX's existing US physical natural gas futures contracts. As a result,
contracting parties will benefit from:
-- Collateral efficiencies under existing NGX margining rules via spread
credits and cross-commodity netting
-- Regulatory certainty
-- Improved liquidity and distribution in Canada and the U.S.
-- Introduction of physically cleared power products to WebICE through NGX's
alliance with the InterContinental Exchange, Inc.
NGX expects to list the physical power futures contracts in September in
concert with the novation of NOCC's remaining physical power contracts to NGX.
The NGX physical power futures will initially be listed exclusively for the
ERCOT (Texas) market, expanding later into the WECC region.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and
clearinghouses for multiple asset classes including equities, fixed income and
energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group,
The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives
Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan,
Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing
markets, trading markets, clearing facilities, depository services, data
products and other services to the global financial community. TMX Group is
headquartered in Toronto and operates offices across Canada (Montreal, Calgary
and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as
well as in London, Beijing and Sydney. For more information about TMX Group,
visit our website at www.tmx.com. Follow TMX Group on Twitter at
http://twitter.com/tmxgroup.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.99+%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,300 listed
companies worth more than $6 trillion in market cap whose innovations shape our
world, we give the ideas of tomorrow access to capital today. Welcome to where
the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century.
To learn more, visit www.nasdaqomx.com. Follow us on Facebook
(www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol:
NDAQ and member of S&P 500)
About NASDAQ OMX Commodities Clearing Company
NASDAQ OMX Commodities Clearing Company provides trading opportunities to its
physical power and natural gas trading counterparties, supported by
sophisticated credit and risk management operations. It is part of NASDAQ OMX
Commodities, which is a trademark of the NASDAQ OMX Group, Inc.
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group's worldwide
suite of commodity related products and services. The NASDAQ OMX Commodities
offerings include power, natural gas and carbon emission markets and clearing
services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is
authorized as a commodity derivatives exchange by the Norwegian Ministry of
Finance and supervised by the Norwegian Financial Supervisory Authority. All
trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ
OMX Clearing.
NOS Clearing ASA is the leading clearing house for the freight market and a
specialist clearing provider to the commodities markets. The company is wholly
owned by the NASDAQ OMX Group Inc. The clearinghouse, which is situated in
Oslo, has more than 300 members.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which is
authorized and supervised as a multi-asset clearinghouse by the Swedish
Financial Supervisory Authority in Sweden as well as authorized to conduct
clearing operation in Norway by the Norwegian Ministry of Finance.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements
that involve a number of risks and uncertainties. NASDAQ OMX cautions readers
that any forward-looking information is not a guarantee of future performance
and that actual results could differ materially from those contained in the
forward-looking information. Such forward-looking statements include, but are
not limited to, statements about our capital return initiatives.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond NASDAQ OMX's control. These factors include, but are not limited
to, NASDAQ OMX's ability to implement its strategic initiatives, economic,
political and market conditions and fluctuations, government and industry
regulation, interest rate risk, U.S. and global competition, and other factors
detailed in NASDAQ OMX's filings with theU.S. Securities and Exchange
Commission, including its annual reports on Form 10-K and quarterly reports on
Form 10-Q which are available on NASDAQ OMX's website at
http://www.nasdaqomx.com and the SEC's website at www.sec.gov. NASDAQ OMX
undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.
NDAQG
For more information please contact:
Carolyn Quick
Director, Communications and Public Affairs
TMX Group
416-947-4597
carolyn.quick(at)tmx.com
Norway:
Sara Aadnesen
NASDAQ OMX
+47 6752 8080
+47 9060 0759 (mobile)
sara.aadnesen(at)nasdaqomx.com
United States:
Robert Madden
NASDAQ OMX
646-441-5045
robert.madden(at)nasdaqomx.com
News Source: NASDAQ OMX
09.07.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 09.07.2013 - 16:10 Uhr
Sprache: Deutsch
News-ID 276742
Anzahl Zeichen: 4584
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 276 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: NASDAQ OMX and NGX Announce U.S. Physical Energy Alliance"
steht unter der journalistisch-redaktionellen Verantwortung von
The NASDAQ OMX Group, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
