Press Releases
November 05, 2009
Nodal Exchange and LCH.Clearnet Ltd extend expiries to 4 years for all 72 locations offered in the daily auctions
Nodal Exchange, LLC and LCH.Clearnet Ltd announced today that they have extended expiries to include current month plus 48 months forward on 144 peak and off-peak contracts settling at 72 locations. These contract locations include all of the hubs and zones currently offered in Nodal Exchange’s daily auction. In October, Nodal Exchange and LCH.Clearnet began offering contracts trading in the current month plus 32 months forward for these same 72 locations. In less than 7 months, Nodal Exchange and LCH.Clearnet Ltd have introduced 5,184 new tradable expiries in response to market demand. Read More
October 06, 2009
Nodal Exchange and LCH.Clearnet Ltd announce expiry extensions on all 72 daily auction locations
Nodal Exchange, LLC and LCH.Clearnet Ltd announced today that extended expiries on 72 locations, 144 peak and off-peak contracts, are now available for trading. The locations, which include all of the hubs and zones currently offered in Nodal Exchange’s daily auction, are now available for trading in the current month plus 32 months forward. In less than 6 months, Nodal Exchange and LCH.Clearnet Ltd have introduced 2,880 new tradable expiries in response to direct market demand. Read More
August 06, 2009
Nodal Exchange and LCH.Clearnet Ltd announce expiry extensions on 84 Contracts
Nodal Exchange and LCH.Clearnet Ltd announced today that extended expiries on 42 locations, 84 peak and off-peak contracts, are available for trading. The locations, which are all hubs and zones offered in Nodal Exchange’s daily auction, can now be traded out to 30 months. Read More
April 08, 2009
LCH.Clearnet and Nodal Exchange launch service for Nodal power contracts
LCH.Clearnet Ltd (LCH.Clearnet) and Nodal Exchange today launched a groundbreaking new service to provide trading and clearing of cash settled financial nodal power contracts in North America. For the first time, industry participants will benefit from the ability to more precisely hedge their positions by trading the Locational Marginal Price (LMP) of power at granular nodes (locations within the organized power markets) while also allowing them to minimize their counterparty risk. Read More
April 03, 2009
Nodal Exchange Announces Completion of Ownership Structure and Board Membership
Nodal Exchange, the first independent electronic commodities exchange for forward locational electric power trading, today announced that it has admitted a private institutional investor to complete its ownership structure in advance of Nodal Exchange’s April 8, 2009 launch. Nodal Exchange’s other shareholders include the following companies or their affiliates: DC Energy, LLC, Macquarie Cook Power, Inc., and NextEra Energy Resources, LLC, an FPL Group company. Read More
March 19, 2009
Nodal Exchange Appoints Board of Directors
Nodal Exchange, the first independent electronic commodities exchange for forward locational electric power trading, announced today that it has expanded its Board of Directors. The following individuals serve on Nodal Exchange’s Board of Directors: Read More