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Nodal Newsletter | January 2023

Happy New Year

Nodal Exchange had a successful 2022 with record trading volume in both power and environmental markets.

Nodal introduced many new environmental contracts in 2022, including first-of-their-kind contracts in renewable energy certificates, renewable fuel credits, carbon emissions allowances and voluntary carbon offsets, bringing our total number of environmental products offered to over 100, the largest suite of environmental products offered on any exchange.

Nodal was shortlisted for multiple Industry Awards in 2022, including GlobalCapital Americas Derivatives Exchange of the Year, FOW Exchange of the Year – The Americas & Canada, and FOW Clearing House of the Year.

We want to express our gratitude for your ongoing support and extend our best wishes for a prosperous New Year to you and your loved ones.

Nodal Exchange achieves record traded volume in power and environmental markets in 2022

Nodal Exchange announced today that it achieved record trading volumes in 2022 in both power and environmental markets.

Nodal achieved a record 2.4 billion MWh power futures volume traded in 2022, representing 8.3% growth over 2021. Nodal is the market leader in North American power futures having the majority share of the open interest with a record 1.1 billion MWh as of end of year 2022. The open interest represents over $133 billion of notional value (both sides).

Nodal, with its collaborator IncubEx, continued to grow trading in the environmental futures and options markets. Nodal achieved a record 280,603 lots of environmental futures and options volume traded in 2022, representing 13% growth over 2021. Nodal also set a calendar month environmental trading record in December with 32,642 lots, up 21% from 26,915 lots in December 2021. Nodal US environmental futures and options open interest at year end 2022 was 223,275 lots, up 31% from 170,770 at the end of 2021. Total notional value of environmental products traded on Nodal hit a new record of $2.1 billion in 2022.

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Nodal in the news

December 2022

First Washington Carbon Allowance future trades on Nodal Exchange

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November 2022

Nodal to launch first-ever Washington environmental contracts

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August 2022

Power futures grow 32% and environmental futures 103% in July

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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.