Number of trading firms active in month one has beaten expectations, says CEO
Nasdaq’s new energy platform,
Nasdaq Futures (NFX) has enjoyed a successful first month of
trading, according to its CEO, with the fledgling exchange
tapping a 16% share of the natural gas options market on August
24, exactly a month since launch.
Chief executive of NFX and head of US
commodities for the exchange group, Magnus Haglind told FOW,
"The first month has gone well for the platform and for the
traders using it, the time and effort that went into testing
ahead of NFX going live helped to ensure a strong start."
NFX has seen a strong start in its natural
gas options contract, recording a market share of 16% as of
August 24, exactly a month since launch.
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