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Nodal Newsletter | April 2024

Nodal Highlights

NODAL POWER HIGHLIGHTS

  • Nodal posted its highest quarter ever in Q1 2024 with 892 million MWh power futures volume traded.
  • Nodal continues to hold the majority of Open Interest in power futures with 1.343 billion MWh, representing over $120 billion of notional value.

NODAL ENVIRONMENTAL HIGHLIGHTS

  • Nodal ended the first quarter of 2024 with environmental trading volume of 132,233 lots, up 95% from the first quarter of 2023.
  • Open Interest in environmental markets at the end of the first quarter was 320,345 lots, up 42% from the first quarter of 2023.

NODAL NATURAL GAS HIGHLIGHTS

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

NODAL AND DEUTSCHE BÖRSE MARKET DATA COOPERATION

  • Nodal Exchange announces its cooperation with Deutsche Börse Market Data + Services to provide access to real-time US energy market data.

Nodal Exchange sets new records and achieves highest quarterly power trading ever in Q1 2024

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.

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Nodal Exchange announces cooperation with Deutsche Börse Market Data + Services

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.

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Nodal Exchange celebrates our 15th anniversary!

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

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Upcoming Events

April 15-17, 2024
S&P GLOBAL COMMODITY INSIGHTS GLOBAL POWER MARKETS CONFERENCE: Nodal Exchange will be sponsoring the S&P Global Commodity Insights Global Power Markets conference taking place Monday, April 15 to Wednesday, April 17 in Las Vegas, Nevada. Paul Cusenza, Chairman and CEO of Nodal will be participating as a speaker at the Executive Dialogue Series: Powering a Sustainable Future on Day 2 of the conference. For more information visit: Global Power Markets Conference
April 23-25, 2024
NAEMA 2024 SPRING CONFERENCE: Nodal Exchange will be sponsoring the NAEMA 2024 Spring conference taking place Tuesday, April 23 to Thursday, April 25 in Rancho Mirage, California. For more information visit: NAEMA 2024 Spring Conference
May 6-8, 2024
PJM ANNUAL MEETING OF MEMBERS: Nodal Exchange will be sponsoring the PJM Annual Meeting of Members taking place Monday, May 6 to Wednesday, May 8 in Baltimore, Maryland. For more information visit: PJM Annual Meeting of Members
May 16, 2024
ENERGY RISK USA CONFERENCE: Nodal Exchange will be sponsoring the Energy Risk USA conference taking place Thursday, May 16 in Houston, Texas. Paul Cusenza, Chairman and CEO of Nodal will be speaking on ‘Managing volatility and risk in a more connected global energy market in transition.’ For more information visit: Energy Risk USA
June 4, 2024
CHICAGO BASEBALL OUTING 2024: Nodal Exchange will be sponsoring the Chicago Baseball Outing 2024 event hosted by the FIA Operations Americas Division taking place Tuesday, June 4 in Chicago, Illinois. For more information visit: Chicago Baseball Outing 2024

Nodal in the news

March 2024

Nodal achieves February trading records

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February 2024

Nodal sets new daily record in power trading

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January 2024

Nodal achieves record trading volumes in 2023

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About Nodal

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.