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Nodal Newsletter | January 2024

Happy New Year!

Nodal Exchange had a successful 2023 with record trading volume in both power and environmental markets. Nodal’s natural gas markets experienced a nearly twofold increase in futures trading during the second half of 2023, as compared to 2022.

Nodal introduced 23 new solar peak futures contracts and many new environmental contracts in 2023 including first-of-their-kind contracts in renewable energy certificates, carbon emissions allowances and voluntary carbon offsets, bringing our total number of environmental products offered to over 120, the largest suite of environmental products offered on any exchange.

Nodal also launched Market Data services in 2023 across all asset classes.

Nodal Exchange was named 2023 Commodity Exchange of the Year by Energy Risk magazine and Nodal Clear won Clearing House of the Year at FOW International Awards 2023.

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

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Nodal Exchange achieves record traded volume in power and environmental markets in 2023

Nodal Exchange announced that it achieved record trading volumes in 2023 in both power and environmental markets.

Nodal achieved a record 2.7 billion MWh power futures volume traded in 2023, representing 15% growth over 2022. Nodal is the market leader in North American power futures having the majority share of the open interest with a record 1.3 billion MWh as of end of year 2023. The open interest represents over $107.6 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 344,582 lots of environmental futures and options volume traded in 2023, representing 23% growth over 2022. Nodal US environmental futures and options open interest at year end 2022 was 278,110 lots, up 25% from the end of 2022.

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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
April 22-25, 2024
NAEMA 2024 SPRING CONFERENCE: Nodal Exchange will be sponsoring NAEMA 2024 Spring conference taking place Monday, April 22 to Thursday, April 25 in Rancho Mirage, California. For more information visit: NAEMA 2024 Spring Conference

Nodal in the news

December 2023

Nodal Exchange achieves year-over-year growth in all markets

Learn more
December 2023

Nodal Clear wins Clearing House of the Year at FOW Awards

Learn more
November 2023

Nodal achieves record volume in power and environmental markets

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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.