Washington, DC , May 6, 2019
Nodal Exchange achieved a new monthly trading record in power futures with a total volume of 189 million MWh in April 2019 (notional value of $6 billion per side).
As part of EEX Group, Nodal Exchange continues to improve its strong position in the North American monthly power futures market with 39% market share of traded volume in April 2019 and a record 37% market share of open interest as of April 30, 2019 (record 700 million MWh).
These records follow Nodal Exchange’s extremely strong performance in the first quarter of 2019. Nodal Exchange achieved record quarter power futures trading volume in Q1 2019 with 405 million MWh.
“Our trading volume grew by 90% in April year over year while the total market grew just 2%. We very much appreciate the support of our trading and clearing community for choosing Nodal and enabling us to achieve these results,” 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, environmental and trucking freight 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
Phone : 703-962-9816
E-mail : email@example.com