Nasdaq energy futures face questions over ‘artificial’ volume
One year on, NFX faces uphill battle to draw commercial hedgers
Over the past 12 months, US energy traders have been keeping a close eye on Nasdaq Futures, or NFX, the upstart exchange that New York-based Nasdaq launched last year in an ambitious bid to seize market share from CME Group and Ice.
NFX had reason to celebrate when it marked its first birthday on July 24. Last month, some 2.8 million trades took place on the exchange, more than double the number in January (see figure 1). One hundred firms have now transacted on NFX, Nasdaq chief executive Bob
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