Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management to participants in the North American energy markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants.
Nodal Exchange offers on-peak and off-peak power contracts for monthly terms, with expiries of up to a forward 68 months, at commercially significant hubs, zones and nodes in the following organized electric markets: ISO-NE, NYISO, PJM, MISO, ERCOT, SPP and CAISO, as well as Mid-C. In addition, Nodal Exchange offers a Henry Hub natural gas contract providing cross-margining benefits with participant’s power portfolios.
All transactions on Nodal Exchange are cleared through its clearing house, Nodal Clear, using a portfolio margining approach that provides participants significant risk management and capital efficiency advantages.
Nodal Exchange Mission: To be the most trustworthy and effective cash-settled commodities exchange in the markets we serve enabling better risk reward management