June 28, 2017 9:00 AM ET

Capital Markets

Company Overview of Natural Gas Exchange Inc.

Company Overview

Natural Gas Exchange Inc. provides electronic trading, central counterparty clearing, and data services to natural gas, crude oil, and electricity markets in North America. The company offers clearing and settlement services, including market operations and help desk, nominations, scheduling and backstopping, index verification and publication, price settlements, operation of secondary markets, business testing, market agency, and nominations and scheduling; and regulatory and compliance services. It also offers power auctions, broker incentive plans, and electricity ancillary services. The company was incorporated in 1993 and is based in Calgary, Canada. Natural Gas Exchange Inc. operates a...

10th floor

300-5th Avenue SW

Calgary, AB T2P 3C4

Canada

Founded in 1993

Phone:

403-974-1700

Fax:

403-974-1719

Key Executives for Natural Gas Exchange Inc.

Chief Executive Officer and President
Age: 56
Managing Director of Energy Commodities & Clearing
Chief Legal Counsel
Vice President of Information Technology
Vice President of US
Age: 55
Compensation as of Fiscal Year 2016.

Natural Gas Exchange Inc. Key Developments

Natural Gas Exchange Develops Blockchain Prototype for Energy Business

TMX Group announced the development of a blockchain-based prototype to power a new service offering from Natural Gas Exchange (NGX), a wholly-owned subsidiary of TMX Group. NGX collaborated with Nuco Inc. (Nuco), to build a new system using Distributed Ledger Technology (DLT) to improve the tracking of natural gas flows at delivery locations in the United States. The prototype is designed to optimize the NGX natural gas settlement process for clients by providing a transparent view of gas movements across locations and enabling participants to more accurately report their positions. The NGX use case for the prototype also has the potential to enhance delivery and payment processing, mitigate the risk of, and expedite remediation of, supply shortfalls, and provide secure transactional data.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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