Nasdaq’s (Nasdaq: NDAQ) US-based Nasdaq Futures, Inc. (NFX) officially launched July 24. The platform will initially offer futures and options on oil, natural gas, and US power benchmarks, with a fee holiday for the first nine months of trading. All products will be cleared through the Options Clearing Corp. (OCC).
NFX is a designated contract market, powered by Genium INET technology, which features a transparent central limit order book, real-time trade reporting functionality, and pre-trade risk management capabilities, and allows for open, neutral access through proprietary order management systems, broker platforms, and software vendors.
NFX is the newest platform in Nasdaq’s global derivatives business. The new energy product suite will be an extension of the current global commodities business, which 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.