NASDAQ OMX and NGX Announce US Physical Energy Alliance

NEW YORK AND CALGARY, July 9, 2013 /CNW/ - NASDAQ OMX Commodities and Natural 
Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today 
announced that they have entered into a strategic alliance (the Alliance). 
The Alliance involves the NASDAQ OMX US physical energy entity, NASDAQ OMX 
Commodities Clearing Company (NOCC), a wholly-owned subsidiary of The NASDAQ 
OMX Group, Inc., and the physical energy exchange and clearinghouse of NGX, 
which serves more than 250 contracting parties in the US and Canada. 
Together NGX and NOCC will provide a premier solution for transacting in 
physical energy in the US, helping customers maximize collateral efficiency, 
and enabling increased transparency and market liquidity. The Alliance will 
leverage NGX's established US natural gas trading and clearing expertise 
combined with NOCC's physical power know-how. NGX will offer trading and 
clearing services for the Alliance and NOCC will contribute account 
management, product development, and scheduling resources. 
"Adding physical power products with an established organization such as NOCC 
is a natural addition to our successful physical natural gas business in the 
US," said Jim Oosterbaan, President of NGX. "We expect this Alliance to help 
new and existing NGX customers to improve their liquidity and collateral 
efficiencies through cross commodity netting." 
"NGX is strategically aligned with our physical power business and their 
complementary natural gas products present a great opportunity to leverage our 
combined experience and capability in this unique regulatory environment," 
said Magnus Haglind, Head of US Commodities for NASDAQ OMX. 
Subject to regulatory approval, NGX, a recognized exchange and clearing agency 
in Canada and a registered U.S. Foreign Board of Trade and Derivative Clearing 
Organization, will list and clear physical power futures contracts based on 
NGX's existing US physical natural gas futures contracts. As a result, 
contracting parties will benefit from: 


    --  Collateral efficiencies under existing NGX margining rules via
        spread credits and cross-commodity netting
    --  Regulatory certainty
    --  Improved liquidity and distribution in Canada and the U.S.
    --  Introduction of physically cleared power products to WebICE
        through NGX's alliance with the InterContinental Exchange, Inc.

NGX expects to list the physical power futures contracts in September in 
concert with the novation of NOCC's remaining physical power contracts to 
NGX. The NGX physical power futures will initially be listed exclusively for 
the ERCOT (Texas) market, expanding later into the WECC region.

About TMX Group (TSX:X)

TMX Group's key subsidiaries operate cash and derivative markets and 
clearinghouses for multiple asset classes including equities, fixed income and 
energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, 
The Canadian Depository for Securities, Montreal Exchange, Canadian 
Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, 
Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide 
listing markets, trading markets, clearing facilities, depository services, 
data products and other services to the global financial community. TMX 
Group is headquartered in Toronto and operates offices across Canada 
(Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, 
Boston and Chicago) as well as in London, Beijing and Sydney. For more 
information about TMX Group, visit our website at www.tmx.com. Follow TMX 
Group on Twitter at http://twitter.com/tmxgroup.

About NASDAQ OMX Group

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels 
economies and provides transformative technologies for the entire lifecycle of 
a trade - from risk management to trade to surveillance to clearing. In the 
U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central 
securities depositories supporting equities, options, fixed income, 
derivatives, commodities, futures and structured products. Able to process 
more than 1 million messages per second at sub-40 microsecond speeds with 
99.99+% uptime, our technology drives more than 70 marketplaces in 50 
developed and emerging countries into the future, powering 1 in 10 of the 
world's securities transactions. Our award-winning data products and worldwide 
indexes are the benchmarks in the financial industry. Home to approximately 
3,300 listed companies worth more than $6 trillion in market cap whose 
innovations shape our world, we give the ideas of tomorrow access to capital 
today. Welcome to where the world takes a big leap forward, daily. Welcome 
to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us 
on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). 
(Symbol: NDAQ and member of S&P 500)

About NASDAQ OMX Commodities Clearing Company

NASDAQ OMX Commodities Clearing Company provides trading opportunities to its 
physical power and natural gas trading counterparties, supported by 
sophisticated credit and risk management operations. It is part of NASDAQ OMX 
Commodities, which is a trademark of the NASDAQ OMX Group, Inc.

About NASDAQ OMX Commodities

NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group's worldwide 
suite of commodity related products and services. The NASDAQ OMX Commodities 
offerings include power, natural gas and carbon emission markets and clearing 
services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.

NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which 
is authorized as a commodity derivatives exchange by the Norwegian Ministry of 
Finance and supervised by the Norwegian Financial Supervisory Authority. All 
trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ 
OMX Clearing.

NOS Clearing ASA is the leading clearing house for the freight market and a 
specialist clearing provider to the commodities markets. The company is wholly 
owned by the NASDAQ OMX Group Inc. The clearinghouse, which is situated in 
Oslo, has more than 300 members.

NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which is 
authorized and supervised as a multi-asset clearinghouse by the Swedish 
Financial Supervisory Authority in Sweden as well as authorized to conduct 
clearing operation in Norway by the Norwegian Ministry of Finance.

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this communication contains forward-looking 
statements that involve a number of risks and uncertainties. NASDAQ OMX 
cautions readers that any forward-looking information is not a guarantee of 
future performance and that actual results could differ materially from those 
contained in the forward-looking information. Such forward-looking 
statements include, but are not limited to, statements about our capital 
return initiatives. Forward-looking statements involve a number of risks, 
uncertainties or other factors beyond NASDAQ OMX's control. These factors 
include, but are not limited to, NASDAQ OMX's ability to implement its 
strategic initiatives, economic, political and market conditions and 
fluctuations, government and industry regulation, interest rate risk, U.S. and 
global competition, and other factors detailed in NASDAQ OMX's filings with 
the U.S. Securities and Exchange Commission, including its annual reports on 
Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ 
OMX's website at http://www.nasdaqomx.com and the SEC's website at 
www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any 
forward-looking statement, whether as a result of new information, future 
events or otherwise.

Carolyn Quick Director, Communications and Public Affairs TMX Group 
416-947-4597 carolyn.quick@tmx.com

Robert Madden PR Support NASDAQ OMX 646-441-5045 robert.madden@nasdaqomx.com

SOURCE: TMX Group Inc.

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CO: TMX Group Inc.
ST: New York
NI: FIN VNT 

-0- Jul/09/2013 13:00 GMT


 
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