Nodal Highlights
NODAL POWER
- Open interest at the end of May for power futures was 1.530 billion MWh, representing $169 billion of notional value based on both sides.
- Traded power futures volume ended the month of May at 247 million MWh.
NODAL ENVIRONMENTAL
- Nodal announced the successful launch of several new environmental futures and options, including: CORSIA, California Carbon Offsets and Massachusetts CPEC contracts.
- Open Interest in environmental markets reached 483,340 lots in May, up 17% from a year earlier.
- Environmental futures and options on Nodal Exchange posted volume of 51,718 lots in May.
NODAL NATURAL GAS
- Open interest in Nodal’s natural gas markets reached 80,800,000 MMBtus as of the end of May 2026, a 397% increase from a year ago.
NODAL CLEAR
- Nodal Clear welcomes Nanhua USA as a new Clearing Member. Nanhua USA LLC, an indirect wholly-owned subsidiary of Nanhua Futures Co. Ltd., is now offering clearing services to clients trading on both Nodal Exchange and Coinbase Derivatives.
Nodal Exchange open interest grows in all markets in May 2026
Nodal Exchange announced strong performance in power, natural gas, and environmental markets. Nodal continues to be the market leader in North American power futures with 56% share of open interest at the end of May with 1.530 billion MWh open interest, up 2% from a year earlier, representing $169 billion of notional value based on both sides. Traded power futures volume ended the month of May at 247 million MWh.
Environmental futures and options on Nodal Exchange posted volume of 51,718 lots in May. Open interest ended the month at 483,340 lots, up 17% from a year earlier. Carbon futures and options posted volume of 12,650 lots, with open interest of 63,545 lots. Renewable energy certificates (RECs) on Nodal posted volume of 39,017 lots, with open interest of 402,118 lots. Nodal, in collaboration with IncubEx, offers the largest suite of environmental contracts in the world, with more than 120 futures and options products listed on the exchange.
Open interest in Nodal’s natural gas markets reached 80,800,000 MMBtus as of the end of May 2026, a 397% increase from a year ago.
Nodal Exchange and IncubEx expand environmental product suite with CORSIA, California and Massachusetts contracts
Nodal Exchange, in collaboration with IncubEx, announced the successful launch of several new environmental futures and options, including: CORSIA, California Carbon Offsets and Massachusetts CPEC contracts.
Nodal is listing the following new contracts:
- CORSIA Phase 1 Eligible Emission Unit (2024 – 2026) Futures and Options
- California Carbon Offsets 8 with Direct Environmental Benefits (DEBs) Futures
- Massachusetts Clean Peak Energy Certificate Futures
The physically-delivered CORSIA Phase 1 Eligible Emissions Unit Futures and Options are designed to meet the criteria of the United Nations International Civil Aviation Organization (ICAO) CORSIA 2024-2026 compliance period.
Nodal Clear announces Nanhua USA as new clearing member
Nodal Clear, LLC, the clearing house providing central counterparty clearing services for Nodal Exchange, announced that Nanhua USA LLC, an indirect wholly-owned subsidiary of Nanhua Futures Co. Ltd., is now offering clearing services to clients trading on both Nodal Exchange and Coinbase Derivatives.
Nanhua USA is now able to provide client access to the Nodal Exchange power, gas, and environmental markets. Nodal Exchange is the market leader in North American power futures having the majority of the open interest with 1.517 billion MWh at the end of April, representing $170 billion of notional value based on (both sides).
This approval, along with its trading membership on Nodal Exchange, makes Nanhua USA the first and only Chinese futures firm able to both trade and clear related products listed on Nodal Exchange.
Clients of Nanhua will also have access to the full suite of Coinbase Derivatives contracts cleared by Nodal Clear.
