Nasdaq believes energy fees were "stuck in the days of open outcry when people would pay a premium to access liquidity"
In July 2015, Nasdaq launched Nasdaq
Futures (NFX), a U.S.-based futures exchange, to combat the
duopoly, opaque rules, and over-charging that it says energy
traders faced with the incumbent exchanges.
NFX has been one of the most successful
futures exchange launches in the past decade posting monthly
trading volumes of over 2 million in recent months and fast
growing open interest.
Nasdaq had a strong heritage in
commodities with its long-standing ownership of the Nordic
exchange group OMX and the acquisition of the Nordic Power
Exchange in 2008 and freight clearing firm NOS Clearing in
NFX was launched offering trading in
futures and options in 26 products on key energy benchmarks,
including oil, natural gas and U.S. power.
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