Nodal Exchange is proposing to conduct independent thirdparty clearing for ISO New England’s financial transmission rights market, according to a white paper presented to ISO-NE’s Budget and Finance Subcommittee on Friday
Nodal ups ante with new power contracts. Tera, Nodal, Nadex, and Eris aren’t exactly household names, but they are headed to be the next generation of exchanges after all of the smoke from the Dodd-Frank regulation settles.
In 2009, Nodal Exchange, which offers granular locational contracts covering most of the hubs, zones, and generation nodes in the FTR markets, launched its services. Power basis trading in the cleared exchange markets started to rapidly grow as well.