Quick facts
- Contracting Parties (CPs): More than 300 direct participants of the exchange and clearinghouse.
- Launch date: February 10, 1994.
- Trading/clearing locations: Providing trading and/or clearing services at 101 natural gas trading hubs (20 Canadian, 81 US), 3 power regions (ERCOT, Alberta, Ontario), and environmental commodities (Alberta TIER program).
- Physical delivery: End to end anonymous delivery with physical backstopping.
- Benchmark indices: Providing the benchmark price indices for physical natural gas, crude oil and financial power markets in Canada and for screen-traded Alberta TIER environmental commodities.
- Regulatory recognition: Recognized exchange and clearinghouse in Canada and US, authorized as third-country CCP in EU and UK.
- Non-mutualized clearinghouse: All Contracting Parties direct clear with no mutualized clearinghouse obligations.
- Volumes cleared: 2025 – Approximately 1,200 petajoules avg monthly energy equivalent of natural gas and electricity. Nearly $53 billion total annual notional value of cleared energy.
Value proposition
- Transaction technology: ICE NGX products and clearing services are available through ICE‘s global leading WebICE trading platform.
- Liquidity: ICE NGX provides the most liquid electronic marketplace for physical natural gas and financial power products in Canada, and the only on-screen trading and clearing for Alberta TIER environmental commodities.
- Clearing and settlement: ICE NGX is the largest clearinghouse of physical natural gas and financial power in Canada. In the U.S., ICE NGX is the exclusive clearinghouse for ICE’s leading OTC physical natural gas markets. Learn more
- Clearinghouse benefits: Central clearing streamlines mid- and back-office processes. Invoicing and margin requirements netted across natural gas, power and environmental commodities. Learn more
- Price indices: ICE NGX generates price indices from fixed price contracts traded in ICE NGX markets. These are available in realtime and are widely used by the industry to settle both ICE NGX traded and OTC contracts.
Product summary
ICE NGX’s product map outlines the physical locations in North America where customers can transact and receive the benefits of ICE NGX’s clearing model, one of the most secure, efficient and risk-free clearing environments available today.