HOUSTON, Aug. 12 /CNW/ - TMX Group Inc. subsidiary NGX (Natural Gas
Exchange Inc.) today announced the availability of physical clearing
capabilities for the United States crude oil marketplace effective this week.
This announcement adds further depth to NGX's capabilities as a full-service
energy marketplace offering clearing capabilities for both natural gas and
crude oil to U.S. customers.
The availability of U.S. crude oil physical clearing is the result of the
rapid and successful integration by NGX of NetThruPut Inc., which it acquired
in May 2009. Combined, NGX and NetThruPut have cleared, on average, over
425,000 barrels of crude oil per day in 2009, with a delivered value exceeding
$U.S. 1.2 Billion.
"NGX is strengthening our presence and extending our offering in the
United States. As customers search for quick, simple and efficient venues
through which to trade and acquire crude oil, they now have a partner in NGX
which can deliver on time and on target. Combined with our existing offerings
in natural gas and our track record of performance, NGX is fast becoming a
one-stop shop for the physical clearing of energy to the industry," said NGX
President Peter Krenkel.
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.
For further information:
For further information: Carolyn Quick, Director, Corporate
Communications, TMX Group, (416) 947-4597, firstname.lastname@example.org