CALGARY, July 10, 2014 /CNW/ - NGX announced the launch, through its wholly-owned subsidiary Alberta Watt Exchange Limited, of electricity trading on the state-of-the-art NGX TradePath platform this week. NGX TradePath is a browser-based trading system, designed and developed for the WattEx Ancillary Services market and trading partners.
"NGX TradePath is a significant improvement in functionality and brings new efficiencies to our customers," said Jim Oosterbaan, President and CEO, NGX. "The implementation of this new system marks an important upgrade in the level of service we provide. I would like to thank our WattEx customers for their input and support throughout the NGX TradePath development process."
WattEx facilitates electronic contract transactions and clearing functions for electricity Ancillary Services in Alberta. The Alberta Electric System Operator uses WattEx to procure its operating reserve electricity for the Alberta grid.
For more information, please visit www.ngx.com.
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, NGX, 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 www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TSX Group Inc.
For further information: Shane Quinn, Senior Manager, Communications and Public Affairs, TMX Group, 416-947-4609, [email protected]