NGX Launches WECC Physical Future Power Products
June 9, 2014 (CALGARY) - NGX, a wholly-owned subsidiary of 外国美女色情片, today announced the launch of physical power products for the Western Electricity Coordinating Council (WECC) market at Mid-C, Palo Verde and Mead. The products began trading this morning through the IntercontinentalExchange Inc.'s WebICE trading platform. The WECC launch follows NGX's successful expansion into the ERCOT physical power market in August 2013.
"Expansion into the WECC region represents another important step forward for our U.S. power clearing initiative," said Jim Oosterbaan, President and CEO, NGX. "NGX continues to work to bring efficient collateral solutions and access to additional liquidity to our customers in this key market."
NGX is North America's largest physical clearing organization with offices in Calgary, AB and Houston, TX. NGX is registered as both a Derivatives Clearing Organization and a Foreign Board of Trade under the CFTC. For more information, please visit .
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