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Nodal Newsletter | August 2020

Nodal Highlights


Nodal continues to grow in the environmental markets achieving 8.3% market share of open interest by the end of July.


Nodal offers many solutions for straight-through-processing of trades. Please contact Nodal’s account management team for more information.


Screen trading on Nodal Exchange can be done via CQG, Trayport and TT. For information, please contact Nodal’s account management team.


ABN AMRO Clearing Chicago (AACC) has been approved as a Futures Commission Merchant (FCM) of Nodal Clear. A full list of clearing members for Nodal Clear is available here.

Nodal Continues Growth in Environmental Markets

Nodal Exchange set a new open interest market share record in environmental futures contracts in July with 8.3% market share and 70,273 lots at the end of July which is up 139% from the prior year. 56,786 contracts were traded on Nodal in the first half of 2020 which marks an increase of 33% over the first half of 2019. Over 100,000 REC contracts have traded on Nodal Exchange since the launch of the environmental products with IncubEx. Nodal Exchange also reached 100 North American Contract Codes Traded across 29 different markets on June 24th.

This summer the first ever futures trade on Massachusetts Alternative Energy Certificates was executed on Nodal Exchange. The trade followed another Nodal milestone, the first ever futures trade on Pennsylvania Tier II Alternative Energy Certificates. Both contracts were listed along with Massachusetts Class II Waste To Energy (WTE) RECs and Oregon Clean Fuels Program (CFP) futures and options on June 2. The new Nodal contracts, developed in collaboration with IncubEx, further extended the broadest suite of environmental products in the world and builds on the 62 emission allowances, renewable energy certificates and renewable fuels futures and options now offered on Nodal. “Nodal Exchange is proud to be able to offer the largest set of environmental futures and options contracts in the world,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “We are extremely pleased to be working with IncubEx to innovate and to contribute to the growth of the environmental markets in North America.”

Straight-through-processing of trades on Nodal Exchange

Nodal Exchange understands the increasing importance of automating deal capture. To meet these needs, we offer participants a suite of STP solutions. Firms can choose to use our Real-time FIX API, 15-minute CSV trade files or vendor supported solutions. If you would like a consultation on STP solutions, please contact the account management team.

Screen trading on Nodal Exchange can be done via CQG, Trayport and TT

Nodal Exchange offers electronic trading in power, natural gas, and environmental products. We provide support for a variety of leading front-end trading applications including CQG, Trayport and TT. In addition, we can accommodate cross-connects and leased lines for market access and can assist in selecting the software that best suits your needs. For more information, please contact or call 703-962-9820.

Nodal in the news

July 2020

Nodal sets records in power, gas and environmentals

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June 2020

Nodal sets records in power

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May 2020

Energy Risk Awards 2020 winner

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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.