Global exchange group Nasdaq on Tuesday saw the first
options trade on its newly-launched energy exchange, Nasdaq
Futures (NFX), since launching last week.
The first options contract on the new exchange was brokered
by independent inter-dealer broker OTC Global Holdings' (OTCGH)
firm Ion Energy Group on Tuesday, the company told FOW on
NFX successfully launched on Friday after months of work on
the fledgling platform.
As well as offering brokerage services on Nasdaq's new
platform, the broker has also integrated its EOXLive commodity
trading platform on NFX.
to do things differently, like expanding our brokering services
to include the NFX, is consistent with OTCGH’s
mission and allows the company’s brokers to
continue providing unmatched service and liquidity to our
customers in an ever-changing market," said
Sid Perkins, Ion Energy's managing director.
offers client brokerage services, as well as expertise
across natural gas liquids (NGL), product options and the
natural gas and crude markets, it said.
OTCGH has a portfolio of commodities brokers across
financial and physical instruments.
Nasdaq's energy play, as first reported by FOW, went live on
Friday, offering 26 products across the energy
Magnus Haglind, chief executive of NFX, told FOW in an
exclusive interview in the days leading up to launch last week
that the firm is targeting a 10% market share
within the first two years of operations for the
Since announcing the push into energy - which sees Nasdaq
pitching its offering in direct competition with
incumbents The Intercontinental Exchange and CME Group -
at the FIA conference in March this year,
the group has been aggressively signing partnerships with
clients and technology providers, launching last week with
the backing of more 40 firms as well as
16 members approved as brokers.
FOW spoke to a number of market participants in the lead up
to last week's launch, with traders still speculating whether
there is space in the market for a new player, and whether the
initial fee-holiday would be enough to attract and keep
customers trading. Read more: http://www.fow.com/3473647/Market-holds-breath-on-Nasdaq-NFX.html.html?Keywords=nfx