Oil’s bear market may challenge Nasdaq’s new energy futures exchange RSS Feed

in Oil & Companies News 31/07/2015

Experts project robust growth in trading volumes on Nasdaq OMX Group’s new energy derivatives exchange, despite oil prices’ recent moves into bear market territory.

After U.S. oil prices met the common definition of a bear market last week — by falling more than 20% from recent peaks, the Brent crude oil price LCOU5, +0.07% followed suit this week. The international benchmark dipped into a six-month low on fears of further reduced demand from China, the world’s second-largest energy consumer.

The Nasdaq Futures Exchange, launched on July 24, offers futures and options based on oil, natural gas and U.S. power benchmarks. Collectively called Nasdaq Energy Futures, or NFX, these energy derivatives from Nasdaq NDAQ, -0.39% are duplicative of the existing contracts offered by the new exchange’s competitors in the energy derivatives space — CME Group CME, -0.08% and Intercontinental Exchange ICE, +0.31% .
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Read the full article at Hellenic Shipping News Worldwide.