NGX - Natural Gas Exchange: Electronic Trading in Physical and Swap Contracts of Natural Gas

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OVERVIEW

For more than a decade NGX’s clearing-supported trading model has enabled energy traders in Canada and the US to transact in an environment which minimizes counterparty risk, improves price discovery, and streamlines back-office processing.

These features allow NGX to offer extremely liquid markets for various energy contracts , including spot and forward physical natural gas contracts relating to various Canadian and U.S. pipeline hubs, and financial derivative spot and forward contracts relating to natural gas and electricity pricing points at various Canadian and U.S. points (swaps).

(NB: Options are not currently available for onscreen trading, but may be submitted to NGX for clearing ).

Any qualifying organization may become an NGX market participant or counterparty, thereby gaining access to the liquidity of more than 185 other such organizations.

NGX is accessible primarily through ICE's WebICE trading screen. For more information please visit www.theice.com

Market participants set their bilateral trading and clearing preferences using the appropriate WebICE tools.

Traders may anonymously post bids and offers in any product they have been authorized to trade within specific size limits. Upon matching a cleared trade, traders are notified that they have bought or sold the relevant contract from or to NGX. As the counterparty to both sides of the trade, NGX is in a position to assure physical and financial performance of all parties. The identity of the other participant is not disclosed at any point in the trading through settlement cycle .

Additional layers of liquidity may be accessed and brought to the screen through the voice-facilitated trading services provided by NGX’s marketing team.

For full optimization and view of this web site, users are recommended to use Internet Explorer 6.0 or later and set their screen display at 1024x768. Links to third party sites are provided for informational purposes only. Neither NGX, TMX Group Inc., nor any of its affiliates (the "Companies") has prepared, reviewed, verified, or updated any content on third party sites. The Companies assume no liability or responsibility whatsoever for the information posted on such third party sites or regarding any use of, or reliance upon, such information.