TMX Group, the owner of the Canadian Stock Exchange, has acquired NetThruPut (NTP) from Enbridge and Circuit Technology Limited, a Canadian electronic platform and clearing facility for physical crude oil products, for some C$52.2 million (£29.5 million). 

TMX Group, the owner of the Canadian Stock Exchange, has acquired NetThruPut (NTP) from Enbridge and Circuit Technology Limited, a Canadian electronic platform and clearing facility for physical crude oil products, for some C$52.2 million (£29.5 million).

Tom Kloet, TMX CEO, commented: “Energy trading and clearing are important and growing aspects of our increasingly diversified business and we are very excited about the opportunities that this acquisition provides.”

Peter Krenkel, President of NGX, a wholly-owned subsidiary of TMX that trades and clears natural gas and electricity contracts, added: “We have already begun to execute the integration plan. Our ultimate goal is to consolidate NTP’s physical energy transaction and clearing activity onto a single facility, which will provide customers who trade in multiple commodities with significant capital efficiencies.”

In the first three months of 2009, the TMX Group reported an increase in revenue of 21 per cent to C$135.8 million (£76.7 million).