NASDAQ ENERGIES vs NYmex and ICE

ballsofgold

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Just a reminder to everyone that the NASDAQ energies contracts are clearing .25 cents per side vs

ICE at .82
NYMEX at 1.50

The lower fees are very advantageous to spread, RV and high volume traders such as myself. liquidity is not there yet, but the sooner a majority of the trading activity moves over to the NASDAQ, the sooner we can all benefit.


“We will be offering futures and options on futures on the key energy benchmarks in crude oil [WTI and Brent], natural gas [Henry Hub] and power,” Magnus Haglind, head of U.S. commodities for Nasdaq OMX and CEO of Nasdaq Futures, told Markets Media. “It will be in competition with the incumbents, CME and ICE. What we are offering is a low fee and a rebate model based on volume, which doesn’t depend on whether or not you’re a member.”

Crude oil, including combined WTI and Brent, “is trading a couple of million contracts a day but the pricing of these products still reflects floor trading, so ‘electronification’ of the markets and the efficiencies that come with that haven’t transferred to market participants,” Haglind said. “What we are proposing is to trade these products in a more cost-efficient way.” NFX Brent.JPG
 
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