Nasdaq Launches 'NFX' to Trade Energy Derivatives
(Thomson Reuters ONE) -
New Exchange Will List Key Energy Benchmarks Including Oil, Natural Gas and US
Power
NEW YORK and CHICAGO, July 24, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ)
announced that its US-based Nasdaq Futures, Inc. (NFX) will officially launch
today. The platform will initially offer futures and options on oil, natural gas
and US power benchmarks, with a fee holiday for the first nine months of
trading. All products will be cleared through The Options Clearing Corporation
(OCC).
"NFX was born out of strong customer demand and a confidence in Nasdaq's ability
to deliver an innovative technology solution," said Hans-Ole Jochumsen,
President, Nasdaq. "We truly believe that competition drives innovation, and
that the energy futures market is ready for our more transparent pricing model."
NFX is a designated contract market, powered by Genium INET technology, which
features a transparent central limit order book, real-time trade reporting
functionality, robust pre-trade risk management capabilities and allows for
open, neutral access through proprietary order management systems, broker
platforms and software vendors.
"We want to meet demand where the competition is lacking and deliver more value
to customers at a significantly lower cost," said Magnus Haglind, Vice President
and Head of U.S. Commodities, Nasdaq. "Competition in the futures market is long
overdue, and NFX's innovative clearing solution will allow us to pass operating
efficiencies to our customers."
NFX is the newest platform in Nasdaq's global derivatives business. Nasdaq will
continue its strategy of working closely with customers to develop products and
platforms that meet their needs for innovative, trading and risk management
solutions.
The new energy product suite will be an extension of the current global
commodities business, which 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 3,600
listed companies with a market value of approximately $9.6 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
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1941137]
Unternehmensinformation / Kurzprofil:
Datum: 24.07.2015 - 15:03 Uhr
Sprache: Deutsch
News-ID 409020
Anzahl Zeichen: 4307
contact information:
Town:
New York
Kategorie:
Business News
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"Nasdaq Launches 'NFX' to Trade Energy Derivatives"
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