Natural Gas Exchange (NGX) will offer its physical crude products on IntercontinentalExchange’s (ICE) electronic trading platform, WebICE, Mondovisione reports. NGX will provide clearing services for the new physical crude contracts traded on ICE.
As per the deal, ICE will offer trading technology to NGX for Canadian natural gas and power markets. NGX, a wholly-owned subsidiary of TMX Group, will provide physical clearing services for ICE’s U.S. physical natural gas markets.
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