Press release from CNW Group
NGX Adds Three New Locations to its U.S. Clearing Network
Wednesday, May 15, 2013
NGX Adds Three New Locations to its U.S. Clearing Network15:49 EDT Wednesday, May 15, 2013
CALGARY, May 15, 2013 /CNW/ - Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that it has added three new natural gas clearing locations in the United States.
Physical clearing is now being offered at Cheyenne, Wyoming, TETCO M3, and Transco Zone 6 NY. NGX now offers products and clearing services at 69 natural gas, crude oil and power locations in North America, including 47 locations in the U.S.
"NGX is committed to further expanding our U.S. presence," said Jim Oosterbaan, President and CEO, NGX. "We're proud to have successfully launched the new locations to meet our clients' clearing needs."
In April 2013, NGX announced that its application to become registered as a foreign board of trade received approval from the U.S. Commodity Futures Trading Commission. For more information on the FBOT status as well as the NGX clearing locations, 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, Natural Gas Exchange, 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: TMX Group Inc.
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Director, Communications and Public Affairs