Energy platform set to closer align to Nasdaq’s existing Commodities business
Nasdaq said its new energy exchange has
traded four million contracts since launch six months ago and
the group now plans to integrate NFX with its wider commodities
The exchange told FOW on the eve of its
six month anniversary some 4.2 million contracts have now been
traded on the energy platform. Open interest is also continuing
to show a strong growth trajectory, peaking at 470,000 in
December, in line with expiry, and is currently around 435,000,
with NFX now approximately 50% of the OCC’s open
interest in futures.
Magnus Haglind, chief executive of NFX and
head of US commodities for the exchange group, said: "Six
months in and operations are in line with our expectations, we
have established NFX well and are supported with a strong
distribution network of 16 Future Commission Merchants; more
than 80 firms have traded on NFX since the launch," he
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