Nasdaq Futures Announces 16 New Members
(Thomson Reuters ONE) -
Provides Market Participants Access to New Suite of Energy Products
NEW YORK, July 16, 2015 (GLOBE NEWSWIRE) -- Today, Nasdaq (Nasdaq:NDAQ)
announced that Nasdaq Futures, Inc. (NFX), the exchange group's US-based energy
futures market, has approved 16 Futures Commission Merchants (FCMs) as new
members.
Some of the new members include: ABN AMRO Group, ADM Investor Services,
Advantage Futures, Citigroup Global Markets, ED&F Man Capital Markets, Goldman
Sachs, INTL FCStone, J.P. Morgan, Merrill Lynch, Mizuho Securities USA, Phillip
Capital, Rosenthal Collins Group, Societe Generale and Wedbush Futures.
"Nasdaq's new initiative dramatically reduces clearing and exchange fees," said
Joseph M. Guinan, Jr., Chief Executive Officer, Advantage Futures. "Competition
improves markets. NFX benefits clients and Advantage Futures enthusiastically
supports this launch."
"We provide our customers financial products, along with advisory and execution
services, to help them access market liquidity, protect margins and manage risk
through our access to 31 global derivative exchanges," said Gregory Greves,
Managing Director of CES of INTL FCStone Financial Inc.'s FCM Division. "We are
thrilled with the moves Nasdaq is making to provide our customers another
channel to manage their energy exposure."
"With the official launch date of the Nasdaq Futures approaching, we have
partnered with our customers to be ready to support the exchange on day one,"
said Robert Vujtech, Managing Director and Global Head of Agency Energy, Societe
Generale. "Societe Generale looks forward to working with Nasdaq Futures to
continue to expand our global market access offering."
"We are pleased to welcome all of these new members to Nasdaq Futures," said
Magnus Haglind, Vice President and Head of U.S. Commodities, Nasdaq. "We
continue to see strong interest from market participants, and we are working
with them to facilitate easy access to our markets. The addition of these new
members, representing premier FCMs, will facilitate broad customer access and
allow firms to manage their trading and hedging needs in a cost-efficient way."
Nasdaq's Global Commodities business offers trading and clearing solutions for
assets including power, natural gas and carbon emission markets, tanker and dry
cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates
and clearing services. With competitive fees and a range of liquidity providers,
Nasdaq provides a cost-effective, transparent and efficient marketplace that
appeals to all types of trading entities.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of approximately $9.5 trillion and more
than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
NDAQG
CONTACT: Nasdaq Media Contacts:
Joe Christinat
+1 (646) 441-5121 (office)
+1 (646) 284-5920 (mobile)
Joseph.Christinat(at)nasdaq.com
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue(at)nasdaq.com
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originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1939183]
Unternehmensinformation / Kurzprofil:
Datum: 16.07.2015 - 15:00 Uhr
Sprache: Deutsch
News-ID 407336
Anzahl Zeichen: 4779
contact information:
Town:
New York
Kategorie:
Business News
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