Additions mark first hubs within the Texas intrastate market
CALGARY, Feb. 14 /CNW/ - Natural Gas Exchange Inc. (NGX), a wholly-owned
subsidiary of TMX Group, today announced that it now offers physical
clearing at two hubs in Texas.
The hubs are Houston Ship Channel - Houston Pipeline Pool, located east
of Houston, and Oasis - Waha Pool, a broad region in west Texas.
"Offering clearing at additional hubs in the active Texas marketplace
aligns with our goal to provide more clearing options and further
benefits to our customers," said Matt Frye, Vice President, U.S.
Business Development, NGX.
The offering provides clients with the option of NGX physical clearing
of transactions executed on the IntercontinentalExchange Inc. (ICE)
trading system. NGX physical clearing promotes best available price
access in an increasingly fragmented bilateral marketplace, while also
providing the assurance of secured credit.
NGX continues to expand its clearing facilities and now offers physical
clearing at 32 U.S. locations.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange,
Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom
and other TMX Group companies provide trading markets, clearing
facilities, data products and other services to the global financial
community. TMX Group is headquartered in Toronto with offices in
Montreal, Calgary and Vancouver. For more information about TMX Group,
visit our website at www.tmx.com.
SOURCE TSX Group Inc.
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