ICE buys natural gas indexes from newsletter publisher
The Intercontinental Exchange (ICE) has acquired a series of natural gas indices from the Intelligence Press, publisher of the Natural Gas Intelligence (NGI) newsletters.
ICE gains the exclusive right to license the indices for exchange settlement and clearing. The interest of the Atlanta-based exchange in clearing and settlement was evident in its recently announced trading and clearing alliance with the Natural Gas Exchange of Calgary in Canada, an arm of the Toronto Stock Exchange.
The NGI indices are used not only for daily and monthly spot price
discovery, but also for daily and monthly settlement and clearing,
particularly in the Midwestern and Californian natural gas markets in the US.