TMX Group’s subsidiary, Natural Gas Exchange (NGX), has started offering physical clearing at two hubs in Texas, Mondovisione reports. The hubs are Houston Ship Channel – Houston Pipeline Pool, located east of Houston and Oasis – Waha Pool, a broad region in west Texas.
The move provides clients with the option of NGX physical clearing of transactions executed on the IntercontinentalExchange trading system. NGX now offers physical clearing at 32 U.S. locations.
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