TMX Group entered the physical crude space in 2009 with the acquisition of NetThruPut Inc. (NTP), a North American crude oil exchange and clearing facility, whose crude oil products now transact through NGX.
Prior to May 1, 2009, NTP owned and operated the North American Internet-based exchange and clearing facility for physical crude oil products. On that date, ownership and operation of that platform transitioned to NGX. NGX operates North America's leading clearing house for physical natural gas.
