CALGARY, July 28, 2014 /PRNewswire/ - NGX and
Alliance Pipeline announced, effective today, the addition of the
Alliance Chicago Exchange market hub (APC-ACE) as a cleared trading
point on NGX.
"We continue our work to broaden NGX's presence in the U.S.
physical natural gas market," said Jim
Oosterbaan, President and CEO, NGX. "The Alliance Pipeline
system has a proven track record in the North American market and
we are pleased to bring our customers new trading opportunities and
access to increased liquidity with the addition of APC-ACE to NGX's
physical clearing locations."
The service will benefit shippers by offering natural gas
clearing and trading at the APC-ACE location, via NGX, which is a
wholly-owned subsidiary of TMX Group that offers trading and
clearing services for natural gas, crude oil and electricity
contacts.
"This new offering complements our existing ACE Hub services,"
said Cathie Legge, Manager, Customer
Service and Marketing at Alliance Pipeline. "NGX is a key clearing
and trading player. This will make trading on the Alliance system more convenient and
transparent, to the benefit of both our shippers and the
marketplace."
NGX also recently added Dominion NP and Waha as clearable points
and now offers products and clearing services at 76 natural gas,
crude oil and power locations in North
America, including 52 locations in the U.S. For more
information, please visit www.ngx.com.
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, NGX, 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 Alliance Pipeline
Alliance Pipeline Limited Partnership ("Alliance Canada") owns
the Canadian portion of the Alliance Pipeline system. Alliance Canada is owned 50 percent each by
Enbridge Income Fund, an affiliate of Enbridge Income Fund Holdings
Inc. (TSX:ENF), and Veresen Inc. (TSX:VSN).
Alliance Pipeline L.P. ("Alliance U.S.A.") owns the U.S. portion of the Alliance
Pipeline system. Alliance U.S.A.
is owned 50 percent each by Enbridge Inc. (TSX:ENB) (NYSE:ENB) and
Veresen Inc. (TSX:VSN).
SOURCE Toronto Stock Exchange