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US: Nasdaq enters Energy Futures to competer with CME and ICE

 |  March 11, 2015

Nasdaq OMX Group said on Wednesday it is expanding into energy derivatives with energy futures and options set to trade on the Nasdaq Futures Exchange at less than half the prices charged by incumbents CME Group and Intercontinental Exchange.

The energy futures and options products, collectively called Nasdaq Energy Futures, will be based on oil, natural gas, and U.S. power benchmarks, and are expected to begin trading by mid-year.

“Of course, Nymex and ICE have some established contracts, so it will be interesting to see what Nasdaq can do to try to take way some of that volume,” Flynn said. “The energy space is going to be changing.”


Full Content: The Wall Street Journal


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