NGX Launches WECC Physical Future Power Products
June 9, 2014 (CALGARY) - NGX, a wholly-owned subsidiary of Íâ¹úÃÀŮɫÇéƬ, today announced the launch of physical power products for the Western Electricity Coordinating Council (WECC) market at Mid-C, Palo Verde and Mead. The products began trading this morning through the IntercontinentalExchange Inc.'s WebICE trading platform. The WECC launch follows NGX's successful expansion into the ERCOT physical power market in August 2013.
"Expansion into the WECC region represents another important step forward for our U.S. power clearing initiative," said Jim Oosterbaan, President and CEO, NGX. "NGX continues to work to bring efficient collateral solutions and access to additional liquidity to our customers in this key market."
NGX is North America's largest physical clearing organization with offices in Calgary, AB and Houston, TX. NGX is registered as both a Derivatives Clearing Organization and a Foreign Board of Trade under the CFTC. For more information, please visit .
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Íâ¹úÃÀŮɫÇéƬ'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 Íâ¹úÃÀŮɫÇéƬ companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. Íâ¹úÃÀŮɫÇéƬ 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 Íâ¹úÃÀŮɫÇéƬ, visit our website at . Follow Íâ¹úÃÀŮɫÇéƬ on Twitter at .