Nasdaq OMX has upped its stake in Agora-X, an ECN for trading over-the-counter (OTC) commodity contracts, from 20% to 85% through a $6.6 million investment.
Agora-X, today announced the start of trading in over-the-counter (OTC) corn and natural gas contracts, a milestone for the first electronic marketplace designed for OTC derivatives in energy, metals and agricultural commodities.
Agora-X, LLC today announced the launch of an exempt commercial market (ECM) to enable efficient negotiation, execution and clearing of over the counter (OTC) trades in exempt commodities such as energy and metals using the Agora-X electronic platform.
Agora-X, which recently launched an electronic communications network (ECN) enabling institutions to negotiate over-the-counter (OTC) transactions in commodity and derivative contracts, today announced that Ben Craig has joined its Board of Managers.
Agora-X today announced that The Nasdaq OMX Group, (Nasdaq:NDAQ) has completed its equity investment following launch of the new Agora-X electronic communications network for institutional trading in over-the-counter (OTC) commodity contracts.
Agora-X, today launched an electronic communications network (ECN) that enables institutional market participants to efficiently negotiate over-the-counter (OTC) transactions in commodity and derivative contracts.
Agora-X, which is creating a new electronic trading and negotiation platform for commodities, has petitioned the Commodity Futures Trading Commission (CFTC) for an order to allow Agora-X to clear trades in agricultural swap and swaption contracts negotiated on its platform to a registered Designated Clearing Organization (DCO).
Agora-X, which is creating a new electronic trading and negotiation platform for commodities, has opened a New York office to facilitate interaction with institutional market participants.
The newly merged Nasdaq OMX Group is acquiring a 20% equity stake in Agora-X - a new US marketplace for over-the-counter (OTC) commodity contracts - for $7.5 million.
Swedish technology group and exchange operator OMX has won a deal to provide a hosted trading system to Agora-X, a new US marketplace for over-the-counter (OTC) commodity contracts.
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