Nasdaq Futures Announces 16 New Members
July 16 2015 - 09:00AM
Provides Market Participants Access to New Suite of Energy Products
NEW YORK, July 16, 2015 (GLOBE NEWSWIRE) -- Today,
Nasdaq (Nasdaq:NDAQ) announced that Nasdaq Futures, Inc. (NFX), the
exchange group's US-based energy futures market, has approved 16
Futures Commission Merchants (FCMs) as new members.
Some of the new members include: ABN AMRO Group,
ADM Investor Services, Advantage Futures, Citigroup Global Markets,
ED&F Man Capital Markets, Goldman Sachs, INTL FCStone, J.P.
Morgan, Merrill Lynch, Mizuho Securities USA, Phillip Capital,
Rosenthal Collins Group, Societe Generale and Wedbush Futures.
"Nasdaq's new initiative dramatically reduces
clearing and exchange fees," said Joseph M. Guinan, Jr., Chief
Executive Officer, Advantage Futures. "Competition improves
markets. NFX benefits clients and Advantage Futures
enthusiastically supports this launch."
"We provide our customers financial products,
along with advisory and execution services, to help them access
market liquidity, protect margins and manage risk through our
access to 31 global derivative exchanges," said Gregory Greves,
Managing Director of CES of INTL FCStone Financial Inc.'s FCM
Division. "We are thrilled with the moves Nasdaq is making to
provide our customers another channel to manage their energy
exposure."
"With the official launch date of the Nasdaq
Futures approaching, we have partnered with our customers to be
ready to support the exchange on day one," said Robert Vujtech,
Managing Director and Global Head of Agency Energy, Societe
Generale. "Societe Generale looks forward to working with Nasdaq
Futures to continue to expand our global market access
offering."
"We are pleased to welcome all of these new
members to Nasdaq Futures," said Magnus Haglind, Vice President and
Head of U.S. Commodities, Nasdaq. "We continue to see strong
interest from market participants, and we are working with them to
facilitate easy access to our markets. The addition of these new
members, representing premier FCMs, will facilitate broad customer
access and allow firms to manage their trading and hedging needs in
a cost-efficient way."
Nasdaq's Global Commodities business offers
trading and clearing solutions for assets including power, natural
gas and carbon emission markets, tanker and dry cargo freight, fuel
oil, seafood derivatives, iron ore, electricity certificates and
clearing services. With competitive fees and a range of liquidity
providers, Nasdaq provides a cost-effective, transparent and
efficient marketplace that appeals to all types of trading
entities.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of
trading, clearing, exchange technology, listing, information and
public company services across six continents. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,500 listed companies
with a market value of approximately $9.5 trillion and more than
10,000 corporate clients. To learn more, visit: nasdaq.com/ambition
or business.nasdaq.com.
NDAQG
CONTACT: Nasdaq Media Contacts:
Joe Christinat
+1 (646) 441-5121 (office)
+1 (646) 284-5920 (mobile)
Joseph.Christinat@nasdaq.com
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue@nasdaq.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
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