The Commodity Futures Trading Commission has issued a request for public comment regarding the application of the Natural Gas Exchange Inc. (NGX) for registration as a derivatives clearing organization (DCO). NGX seeks registration to clear physically settled and cash-settled transactions in electricity, natural gas and other energy commodities that are entered into on NGX’s own exempt commercial market (ECM), on other ECMs, or in the over-the-counter markets.

The comment period for the NGX application closes on September 17.

http://www.cftc.gov/newsroom/generalpressreleases/2008/pr5537-08.html

http://www.cftc.gov/stellent/groups/public/@requestsandactions/documents/ifdocs/ngx_dco_application.pdf