NASDAQ OMX and NGX Announce U.S. Physical Energy Alliance


NASDAQ OMX and NGX Announce U.S. Physical Energy Alliance
Press Release: The NASDAQ OMX Group, Inc. – Tue, Jul 9, 2013 10:05 AM EDT

http://finance.yahoo.com/news/nasdaq-omx-ngx-announce-u-140503566.html

NEW YORK and CALGARY, July 9, 2013 (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 http://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 http://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 the U.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 http://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.

Numerix and TMX Group’s Razor Risk Announce Collaborative Partner Agreement


NEW YORK, June 25, 2013 /CNW/ – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, and TMX Group’s technology business, TMX Technology Solutions today announced a collaborative partner agreement.

via Pocket http://online.wsj.com/article/PR-CO-20130625-906556.html June 27, 2013 at 08:01PM

SS&C join TMX Atrium’s community in Toronto


SS&C join TMX Atrium’s community in Toronto

SS&C join TMX Atrium’s community in Toronto

Ensuring additional and instantaneous access to TMX Atrium’s infrastructure reach

 

LONDON, 19 June, 2013 – TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced that SS&C Technologies Holdings Inc., (SS&C) has joined the TMX Atrium community.

 

SS&C, a global provider of financial services software and software-enabled services, has connected to TMX Atrium from their physical location in Toronto.  Connectivity from this key location into the TMX Atrium community ensures that SS&C will automatically gain access to community members and also benefit from the capabilities of multiple venues and participants already ‘on-net’ with TMX Atrium.

 

TMX Atrium’s ability to offer a wide range of access options continually attracts firms looking to expand their depth of reach.  SS&C’s initial TMX Atrium connectivity point at Toronto, allows SS&C to instantly benefit from access to TMX Atrium’s community across a wide range of market types.

 

TMX Atrium’s venue neutral platform is designed to maximise trading participant opportunities by offering a simple access point onto the world’s largest liquidity centres.  From whichever network point firms come ‘on-net’, they instantly benefit from fast, robust and highly scalable connectivity and have the ability to tap into a growing number of financial trading participants.

 

Emmanuel Carjat, Managing Director, TMX Atrium said, “We’re delighted to welcome SS&C to our community of on-net members.  We are now connected to more than 30 venues across North America, Europe and into Russia, which ensures our customer base can expand their reach using the TMX Atrium infrastructure more efficiently.  Our proven track record within the North American markets demonstrates our extensive knowledge of the key liquidity centres and the major players operating within the region.”

 

Robert Moitoso, Senior Vice President and General Manager, Financial Markets Division, SS&C Technologies, added, “Finding a partner with extensive global coverage such as TMX Atrium, ensures that we can accelerate FIXLink, SS&C’s broker neutral global FIX network, geographical expansion plans.  We joined TMX Atrium to take advantage of their North American reach, but immediately benefit from access to their European capabilities too.  Our wide range of solutions, software and services complement the needs of TMX Atrium’s financial services participants and allows us to focus on our core competencies, confident in the knowledge that TMX Atrium will manage our network and community connectivity.”

NGX Adds Three New Locations to its U.S. Clearing Network


NGX Adds Three New Locations to its U.S. Clearing Network

http://www.tmx.com/en/news_events/news/news_releases/2013/5-15-2013_TMXGroup-ngx-adds-locations.html

May 15, 2013
May 15, 2013 (CALGARY) – Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that it has added three new natural gas clearing locations in the United States.

Physical clearing is now being offered at Cheyenne, Wyoming, TETCO M3, and Transco Zone 6 NY. NGX now offers products and clearing services at 69 natural gas, crude oil and power locations in North America, including 47 locations in the U.S.

“NGX is committed to further expanding our U.S. presence,” said Jim Oosterbaan, President and CEO, NGX. “We’re proud to have successfully launched the new locations to meet our clients’ clearing needs.”

In April 2013, NGX announced that its application to become registered as a foreign board of trade received approval from the U.S. Commodity Futures Trading Commission. For more information on the FBOT status as well as the NGX clearing locations, please visit http://www.ngx.com.

About TMX Group

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 http://www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.

For more information please contact:

Carolyn Quick
Director, Corporate Communications
TMX Group
416-947-4597
carolyn.quick@tmx.com

Alpha trading platform moves to TMX Quantum™


April 29, 2013 (TORONTO) – TMX Group today announced the successful migration of Alpha to TMX Group’s proprietary trading engine, TMX Quantum. As part of TMX Group’s overall integration plan, Alpha now operates on the same platform as Toronto Stock Exchange, TSX Venture Exchange and TMX Select.

via Pocket http://www.tmx.com/en/news_events/news/news_releases/2013/4-29-2013_TMXGroup-Alpha-TMXQuantum.html May 03, 2013 at 02:00PM

Montréal Exchange Launches Futures Contracts on Trading Simulator


MONTRÉAL, /CNW/ – Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Limited and Canada’s derivatives exchange, today launched futures contracts on its Trading Simulator.

via Pocket http://www.newswire.ca/en/story/1150073/montreal-exchange-launches-futures-contracts-on-trading-simulator April 26, 2013 at 12:17AM

Russia’s Main Exchange Plans To Develop Gold Bullion Market -CEO


Russia’s main exchange operator aims to harness the country’s resource riches as the company bids for a position among the global exchange elite, according to its chief executive.

via Pocket http://www.foxbusiness.com/news/2013/04/19/russia-main-exchange-plans-to-develop-gold-bullion-market-ceo/ April 19, 2013 at 06:35PM

Electronic Trading Curbs Have Helped Canadian Market – TMX CEO


via Pocket http://online.wsj.com/article/BT-CO-20130314-711542.html?mod=WSJ_FinancialServicesAndInsurance_middleHeadlines March 18, 2013 at 07:15PM

Fixnetix Arrives in Canada


Fixnetix, managed services provider for ultra-low latency market data, trading and risk control, announced today a Canadian footprint as a vendor for TMX Group’s subsidiaries including Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha and Montreal Exchange.

via Pocket http://www.bobsguide.com//guide/news/2013/Feb/28/fixnetix-arrives-in-canada.html February 28, 2013 at 06:14PM

TMX Atrium adds connectivity from Frankfurt to Moscow


TMX Atrium has unveiled a new low latency connectivity service from Frankfurt into the rapidly growing trading hub at Moscow M1.

via Pocket http://www.bobsguide.com//guide/news/2013/Jan/14/tmx-atrium-adds-connectivity-from-frankfurt-to-moscow.html January 14, 2013 at 09:41PM

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