Not already a Nodal news subscriber?
Nodal Newsletter | December 2023
Nodal Highlights
FOW INTERNATIONAL AWARDS 2023
- Nodal Clear was named Clearing House of the year at FOW International Awards 2023. Thank you to our trading and clearing community for your tremendous support!
NODAL POWER HIGHLIGHTS
- Nodal achieved a year-to-date record with January to November 2023 traded power futures volume of 2.574 billion MWh, up 15% from the same period in 2022.
- Open interest at the end of November for power futures was 1.283 billion MWh, representing $116.5 billion of notional value based on both sides.
NODAL NATURAL GAS HIGHLIGHTS
- Natural gas futures trading reached 79.5 million MMBtu in November 2023, which is up 4X year-over-year.
NODAL ENVIRONMENTAL HIGHLIGHTS
- Nodal set a calendar month record in environmental futures and options trading with volume of 47,007 lots, up 74% from November 2022.
- Open Interest in environmental markets reached a record high of 290,733 lots in November, up 32% from November 2022.
Nodal Clear wins Clearing House of the Year at FOW International Awards 2023
Nodal Clear was named Clearing House of the Year at the FOW International Awards 2023 in London during an evening ceremony following the publication’s Trading London conference on November 29th. The FOW International Awards recognize innovation and achievement for firms in the derivatives industry.
Nodal Clear is a clearing house providing central counterparty services for Nodal Exchange and Coinbase Derivatives Exchange. Nodal Clear has innovated in the clearing space introducing its award-winning expected shortfall methodology for initial margin calculations. Owing to the efficiency and effectiveness of its risk methodology, Nodal Exchange has become the leading power futures exchange in North America.
Read more
Nodal Exchange achieves year-over-year growth in all markets
Nodal Exchange announced new trading records in power and environmental futures. In power, Nodal achieved a year-to-date record with January to November 2023 traded power futures volume of 2.574 billion MWh, up 15% from the same period in 2022. In November, Nodal Exchange traded volume was 219.2 million MWh, up 11% from November 2022. Nodal continues to be the market leader in North American power futures having the majority share of the open interest with 1.283 billion MWh at the end of November. The open interest represents over $116.5 billion of notional value (both sides).
In Nodal’s natural gas markets, futures trading reached 79.5 million MMBtu in November 2023, which is up 4X year-over-year.
Nodal also achieved record open interest and volume in the environmental markets in November. Open interest ended the month at a record 290,733 lots, up 32% from a year earlier. Volume hit a monthly record of 47,007 lots, up 74% from a year earlier. Volume through the first 11 months of 2023 was 317,758 lots, up 28%.
Read more
Upcoming Events
January 28-31, 2024
NAEMA’S EAST MEETS WEST 2024: Nodal Exchange will be sponsoring NAEMA’s East meets West 2024 conference taking place Sunday, January 28 to Wednesday, January 31 in Vail, Colorado. For more information visit:
NAEMA'S East Meets West 2024
April 15-17, 2024
S&P GLOBAL COMMODITY INSIGHTS GLOBAL POWER MARKETS CONFERENCE: Nodal Exchange will be sponsoring 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 CEO Roundtable: Powering a Sustainable Future on Day 2 of the conference. For more information visit:
Global Power Markets Conference
Nodal in the news
November 2023
Nodal achieves record volume in power and environmental markets
Learn more
October 2023
Nodal achieves 65% growth in power & 10% growth in environmentals
Learn more
October 2023
Paul Cusenza talks to Risk.Net about winning Energy Risk Awards 2023
Watch video
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.