NASDAQ OMX To Launch Energy Derivatives To Compete With ICE, CME

In the last few months, the exchange operator has pitched offerings to and secured support from some major banks, clearing firms and brokerages to help boost trade volumes. The main aim behind venturing into energy derivatives is to grab share from existing market leaders such as the CME Group and the IntercontinentalExchange Group. NASDAQ will offer trading products based on natural gas, oil and power benchmarks, which will be collectively referred to as NASDAQ Energy Futures.