NASDAQ OMX Group (NASDAQ:NDAQ) is launching the NASDAQ FUTURES EXCHANGE (“NFX”). On the launch day 26 June, futures and options in the following energy products will be offered – Natural Gas Products, Oil Products, and Power Products. All futures will be cash settled. The NFX has a target launch date of June 26, 2015. One of the biggest financial services firms is entering more powerful the futures business. Its one of the most stable after the crisis as the stocks volumes have gone down a lot.
The website for NFX is www.NASDAQOMX.com. The full list of offered products is available at: http://www.nasdaqomx.com/transactions/markets/nasdaq-futures/products. If want to add NFX to your front end trade platform or are interested in more information, please contact your broker of record.
This is the message about the launch from Nasdaq:
“As part of Nasdaq’s effort to expand its offering in the fixed income, commodities and currency space, we are launching a line of proprietary commodity futures products. Building on Nasdaq’s successful European and Nordic commodity products, Nasdaq will bring these asset classes to the U.S. Beginning with energy derivatives products, Nasdaq will expand the product offering into different asset classes over time. This innovative new product suite will allow market participants to further diversify their portfolios while providing a valuable hedging tool.”
Nasdaq OMX Group (NASDAQ OMX) is also a public company and is currently at an all-time high of $51.58 per share which shows that the company is doing well with its products and services plans. In our view the new futures exchange is another positive step for the company.
The NASDAQ OMX Group, Inc. is an American multinational financial services corporation that owns and operates the NASDAQ stock market and eight European stock exchanges, namely Armenian Stock Exchange. The NASDAQ OMX Group, Inc. (NASDAQ OMX), is a holding company. NASDAQ OMX is a global exchange group that delivers trading, clearing, exchange technology, regulatory, securities listing, and public company services across six continents. Its global offerings are diverse and include trading and clearing across multiple asset classes, market data products, financial indexes, capital formation solutions, financial services and market technology products and services. Its technology supports cash equity trading, derivatives trading, clearing and settlement, and many other functions. The Company operates in three segments: Market Services, Issuer Services and Market Technology. In the United States, it operates The NASDAQ Stock Market LLC (The NASDAQ Stock Market), a registered national securities exchange. In August 2012, the Company sold IDCG to LCH.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.