Agora-X Gains Backer
The new ECN, founded by commodity risk management firm FCStone Group and expected to launch mid-year, will initially provide trading of OTC option "look-alikes" in specific energy and agricultural commodities, as well as all commodity swaps in conjunction with those trades (DWT, Jan. 14).
Nasdaq OMX will acquire a 20 percent equity interest in Agora-X if the full $7.5 million is committed, pending fulfillment of closing conditions and milestones, say officials. The investment will be used to
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