Nodal Highlights
- Nodal Exchange was named 2026 Americas Energy Derivatives Exchange of the Year by Global Capital.
- Nodal and Compute Desk, a premier provider of compute data and benchmark indexes for the GPU (Graphics Processing Unit) compute ecosystem, announced plans to launch a new suite of GPU compute futures contracts on Nodal Exchange, bringing standardized risk management tools to the rapidly expanding compute market.
- In August, Nodal Exchange launched 168 new power hourly futures contracts available across 7 locations, allowing participants to manage real-time positions, hour-by-hour, directly on Nodal.
- Nodal, in collaboration with IncubEx, launched financially-settled futures and options contracts based on OPIS daily price assessments in August.
- Total open interest in Nodal environmental products ended August 2026 with 454,313 lots, up 12% from a year earlier.
- Futures trading volume on Nodal’s natural gas markets reached 51.2 million MMBtu in August, a 61% increase from August 2025 and open interest reached 25.1 MMBtu, a 147% from a year ago.
Nodal Exchange named Americas Energy Derivatives Exchange of the Year by Global Capital
Nodal Exchange has been named 2026 Americas Energy Derivatives Exchange of the Year by Global Capital.
The Global Capital Derivatives Awards recognize leading banks, brokers, service providers, law firms, and exchanges for their contributions to the derivatives market. Global Capital presented the Americas Energy Derivatives Exchange of the Year award at a ceremony in New York City on August 17.
Nodal Exchange is a leader in innovation, having introduced the largest set of electric power and environmental futures and options contracts in the world. Nodal is the #1 power futures exchange in the U.S. with 1.451 billion MWh of open interest and 55% market share as of the end of August 2026.
Nodal Exchange and Compute Desk to launch Compute Futures Contracts
Nodal Exchange, a leading U.S. power derivatives exchange offering the world’s largest suite of locational power futures contracts, and Compute Desk, a premier provider of compute data and benchmark indexes for the GPU (Graphics Processing Unit) compute ecosystem, announced plans to launch a new suite of GPU compute futures contracts on Nodal Exchange, bringing standardized risk management tools to the rapidly expanding compute market.
By pairing Compute Desk’s IOSCO-compliant GPU rental price indexes with Nodal’s clearing and exchange infrastructure, the collaboration allows participants to take a position or hedge against GPU rental pricing on Hopper, Blackwell and beyond.
These new compute futures will financially settle against Compute Desk’s daily, blended GPU price indexes.
Nodal achieved growth in power, gas, and environmental markets in August 2026
Nodal Exchange announced growth in power, gas, and environmental markets in August 2026. Nodal power futures volume for August was 214.2 MWh, up 8% from July 2026. The majority of U.S. power futures open interest is on Nodal Exchange with 1.451 billion MWh and 55% market share as of the end of August 2026.
Nodal Exchange announced on August 31 the launch of 168 new power hourly futures contracts available across 7 locations. For each location, there are 24 contracts available representing a single hour of the day, with the next 5 days of expiries available for trading. These new power contracts allow participants to manage real-time positions, hour-by-hour, directly on Nodal and are the first hourly futures contracts to be offered by Nodal Exchange.
Nodal’s natural gas markets futures trading reached 51.2 million MMBtu in August 2026, up 61% from 31.8 million MMBtu in August 2025. Open interest in Nodal’s natural gas markets reached 25.1 MMBtu as of the end of August, a 147% increase from a year ago.
