Through NGX, ICE offers clearing and settlement services for physical natural gas and power contracts for select U.S. hubs. Customers electing to clear these products through NGX’s Derivative Clearing Organization (DCO), may execute on WebICE or in the OTC markets through a brokerage firm that has signed the ICE Broker Agreement. NGX uses ICE Block to electronically accept OTC transactions for clearing. All physical forwards submitted for clearing will be converted to physical futures via NGX EFRP and cleared and settled through NGX’s DCO.
ICE is the exclusive trading platform for virtually all natural gas and electricity contracts traded in NGX’s energy markets. All cleared only Canadian natural gas (denoted with FUT in the product name on WebICE) will transact and clear as physical futures and electricity contracts will transact and clear as financial futures. Select Canadian natural gas hubs may also be bilaterally transacted as physical forwards (denoted with FWD in the product name on WebICE). NGX became registered as a Foreign Board of Trade effective May 2, 2013, replacing its status as an Exempt Commercial Market (ECM), ensuring NGX is able to continue to provide a nexus for U.S. participants to access these products.
Available Natural Gas Hubs for Cleared Physical Delivery
Available Electricity Hubs for Financial Settlement