NGX expands its U.S. presence by offering clearing services at three new
natural gas points
Natural gas trading volume record set in 2009
"The latest expansion of our physical natural gas clearing services further improves our market offering to our existing client base," said Peter Krenkel, President, NGX. "We continue to expand the clearing services to additional points to more fully serve our natural gas trading customers."
The new locations include:
Trading record set
NGX also announced today that it set a new record for energy volume transacted in 2009. The total of 14.7 million terajoules surpasses the previous record that was set in 2008.
Tom Kloet, CEO, TMX Group said: "We are pleased to have exceeded the previous milestone set for annual volume traded. Both this achievement, as well as our continuing U.S. expansion - as evidenced by the additional hubs announced today and our integration of NetThruPut and its crude oil products into NGX - highlight our continued progress in the North American energy market."
About TMX Group (TSX-X) -----------------------
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy.
For further information: Carolyn Quick, Director, Corporate Communications, TMX Group, (416) 947-4597, [email protected]
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