Washington, DC, July 7, 2021
Nodal Exchange announced new trading records in power and environmental futures as of end of June 2021. Nodal achieved record half year power volume for the first half of 2021 with 1.069 billion MWh traded. Nodal also set a new calendar month record for June with 175 TWh of traded power futures volume in the month. Power futures open interest also set a new record at the end of June with 1.092 Billion MWh.
Nodal’s environmental futures volume grew 156% in Q2 2021 over Q2 2020 with 48,528 lots traded. Environmental futures open interest at the end of June 2021 was at 133,121 lots, up 85% from the prior year. Nodal, which is particularly strong in Renewable Energy Credits (RECs), saw volumes in Q2 across the 56 REC futures and options contracts on Nodal rise to 39,862 contracts, up 154% from 15,713 in Q2 2020 and open interest across the REC suite rise to 125,214 contracts, up 118% from 57,398 in Q2 2020.
Nodal, in collaboration with IncubEx, continues to expand its environmental offering and introduced new nitrogen oxides (NOx) futures and options and extended vintages on two Texas voluntary renewable energy certificate (REC) contracts in June, further expanding the broadest suite of environmental markets contracts in the world.
“Nodal Exchange is proud to see continued growth in our power and environmental futures markets and very much appreciates the support of our trading and clearing community,” said Paul Cusenza, Chairman and CEO of Nodal Exchange.
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
Nodal Exchange Public Relations
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