Nodal Exchange today announced strong performance in power, environmental, and natural gas trading in the first quarter of 2024. In power, Nodal posted a record quarter in Q1 2024 with 892 million MWh power futures volume traded, surpassing Q1 2022’s record of 850 million MWh. Nodal continues to be the market leader in North American power futures having the majority of the open interest with 1.343 billion MWh, representing over $120 billion of notional value (both sides), at the end of March. This is roughly equivalent to the electricity usage of 124 million U.S. households for one year.

Nodal also had its second-best quarter trading in natural gas with 178 million MMBtu of traded volume in Q1 2024.

In the environmental markets, the first quarter volume across the product suite was 132,233 lots, up 95% from 67,711 lots a year earlier. Open interest at the end of Q1 2024 was 320,345 lots, up 42% from 226,306 at the end of Q1 2023.

Nodal Exchange is pleased to announce its cooperation with Deutsche Börse Market Data + Services to provide access to real-time US energy market data to a broad range of market participants in both the US and Europe.

Nodal Exchange will be making both its real-time intraday and end-of-day market data available via Deutsche Börse’s Consolidated Exchange Feed (CEF). This offering will include a set of power futures contracts that are geographically representative of the broader US power market, as well as market data for the world’s largest set of environmental futures and options contracts. Nodal’s robust environmental data offering covers over 70 U.S. environmental markets including renewable energy certificates, carbon emissions, voluntary carbon credits, and renewable fuel credits.

This partnership will significantly reduce the barriers to accessing Nodal’s market data, as existing Deutsche Börse CEF clients will be able to receive the data through existing channels, which minimizes development and integration efforts. Customers that are not already connected to CEF will also benefit, as Nodal’s market data will become accessible to hundreds of market data vendors within Deutsche Börse’s existing network.

For more information, reach out to a Nodal Market Data Expert.

We extend our heartfelt thanks to our entire trading and clearing community for your continued support over the last 15 years.