Press Releases

December 09, 2008

Nodal Exchange Auction Engine Passes Key Validation Test

Nodal Exchange, the first electronic commodities exchange for forward locational (nodal) electric power trading, announced today that Nexant, Inc. has tested and validated the Nodal Exchange auction engine. Nodal Exchange provides participants in the North American power markets the opportunity to more effectively manage their basis and credit risk through the use of cleared cash-settled nodal power contracts. Read More

November 26, 2008

Nodal Exchange Completes Successful Mock Auctions

Nodal Exchange, the first independent electronic commodities exchange for forward locational electric power trading, announced today that it completed successful mock auctions for potential participants of the exchange. These mock auctions were held November 18th and 19th, 2008, in preparation for Nodal Exchange’s early 2009 launch. Over 50 entities signed up to participate in these mock auctions. These entities account for 85% of the recent prompt month congestion trading in the four Regional Transmission Organization (RTO) markets Nodal Exchange will be initially supporting: PJM, MISO, NYISO, and ISO-NE. In addition, the mock auction included participants who do not currently trade in the congestion markets, but are looking forward to trading on Nodal Exchange because of the more frequent auctions and clearing of all nodal transactions. Read More

November 06, 2008

SunGard’s GMI to Support Nodal Exchange

SunGard’s GMI, a clearing and accounting system for exchange traded derivatives, futures and options, now supports Nodal Exchange and is ready to be deployed by clearing members in anticipation of the launch of Nodal Exchange in early 2009. Nodal Exchange is the first electronic commodities exchange dedicated to offering locational (nodal) products and services to participants in the organized North American electric power markets. Read More

October 08, 2008

NODAL EXCHANGE ANNOUNCES NOVEMBER MOCK AUCTIONS

Nodal Exchange, the first independent electronic commodities exchange for forward locational electric power trading, announced today that it intends to conduct mock auctions for potential participants of the exchange. These mock auctions will be held November 18 and 19, 2008, in preparation for Nodal Exchange’s early 2009 launch. Over 100 traders representing more than 50 entities have already indicated they will be participating in training sessions to prepare them for the mock auctions. Read More

October 02, 2008

Nodal Exchange and LCH.Clearnet to Sponsor 2008 Platts The Nodal Trader Conference

WASHINGTON, D.C. and LONDON, OCTOBER 2, 2008 Nodal Exchange, the first marketplace to use a locational (nodal) market for forward power trading, and LCH.Clearnet, the leading independent clearing house, announced today they will be the Principal Sponsors for Platts The Nodal Trader conference to be held in Jersey City, New Jersey on November 13-14, 2008. Read More