Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that it now offers physical clearing at two hubs in Texas.
The hubs are Houston Ship Channel – Houston Pipeline Pool, located east of
Houston, and Oasis – Waha Pool, a broad region in west Texas.
“Offering clearing at additional hubs in the active Texas marketplace aligns with our goal to provide more clearing options and further benefits to our customers,” said Matt Frye, Vice President, U.S. Business Development, NGX.
The offering provides clients with the option of NGX physical clearing of
transactions executed on the IntercontinentalExchange Inc. (ICE) trading system. NGX physical clearing promotes best available price access in an increasingly fragmented bilateral marketplace, while also providing the assurance of secured credit.
NGX continues to expand its clearing facilities and now offers physical clearing at 32 U.S. locations.
