Nasdaq energy futures face liquidity challenge
Traders say new exchange may struggle to compete with CME and Ice
As Nasdaq prepares to launch its new US energy futures exchange on July 24, traders say it may struggle to attract liquidity away from the two dominant incumbents, CME Group and Ice.
Nasdaq Futures will initially offer 26 cash-settled futures and options contracts in crude oil, refined products, natural gas and US power. These replicate products already offered by CME and Ice, such as futures on West Texas Intermediate (WTI) crude oil and Henry Hub natural gas.
New York-based Nasdaq hopes to
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