Overview

Nodal Exchange is the first commodities exchange dedicated to offering locational (nodal) futures contracts and related services to participants in the organized North American power markets.

Nodal Exchange builds on the success of the existing Regional Transmission Organization (RTO/ISO) Day Ahead and Real Time markets by allowing its participants to trade cash-settled futures contracts in a cleared market, enabling participants to effectively manage basis and credit risk.

In addition, Nodal Exchange offers a Henry Hub natural gas contract, available in the daily auction or over-the-counter, which provides cross-margining benefits with participants' power portfolios. All transactions on Nodal Exchange are cleared through LCH.Clearnet, the world's leading independent clearing house. The Value-at-Risk (VaR) margining approach employed by LCH.Clearnet for Nodal Exchange portfolios provides participants significant risk management and capital efficiency advantages.