ICE NGX, headquartered in Calgary, Alberta, Canada, provides electronic trading, central counterparty clearing and data services to the North American natural gas and electricity markets. Since beginning operations in February 1994, ICE NGX has developed the AB-NIT ("AECO") hub into one of the most liquid spot and forward energy markets in North America. In 2008, ICE NGX and Intercontinental Exchange (ICE) launched an operational alliance where by ICE NGX uses ICE's front end trading technology and provides clearing services for ICE's US physical gas products.
Quick Facts
Contracting Parties (CPs)
More than 275 CPs in North America
Launch Date
February 10, 1994
Trading/Clearing Locations
Providing trading and/or clearing services at 95 natural gas (20 Canadian, 75 US) and 3 power regions
Physical Delivery
End to end anonymous delivery with physical backstopping
Benchmark Indices
Providing the benchmark price indices for physical natural gas, crude oil and financial power markets in Canada
Regulatory Recognition
Recognized exchange and clearinghouse in Canada and US with third country European clearinghouse recognition
Non-Mutualized Clearinghouse
All Contracting Parties direct clear with no mutualized clearinghouse obligations
Volumes Cleared
2019 average per month: Over 1,035 Petajoules energy equivalent of natural gas and electricity