Nodal Exchange had a very successful 2024 with record trading volume across all markets.

Nodal launched new environmental futures contracts in 2024, including: Alberta TIER Emission Performance Credits, M-RETS CRS-Listed Canadian Sited Wind RECs Front and Back Half, ERCOT Reporting Year CRS-Listed Wind RECs, NAR Wind RECs, M-RETS Wind RECs, ERCOT Wind RECs, California Book and Claim RECs. Nodal continues to introduce new contracts in response to market needs, many of which are only available on Nodal Exchange.

Nodal also announced its upcoming launch of Nodal AccessSM trading platform, Nodal’s new web-based, highly customizable solution for trading Power, Natural Gas, and Environmental contracts.

Nodal announced a collaboration with Deutsche Börse in which Nodal Exchange’s futures & options data in the U.S. energy and environmental markets was made available to a broader audience through Deutsche Börse’s proven data platform and vendor network.

Nodal Exchange was again named Commodity Exchange of the Year by Energy Risk magazine.

We want to express our gratitude for the ongoing support of our trading and clearing community and extend our best wishes for a prosperous New Year.

Nodal Exchange announced that it achieved record trading volumes in 2024 in its power, natural gas, and environmental markets.

Nodal achieved a record 2.98 billion MWh power futures volume traded in 2024, representing 9% growth over 2023. In December, Nodal Exchange traded volume was 182 million MWh, up 15% from December 2023. Nodal continues to be the market leader in North American monthly power futures having 56% of the open interest with 1.40 billion MWh at the end of 2024. The open interest represents over $137 billion of notional value (both sides).

Nodal Exchange saw a 206% increase in natural gas futures traded volume in 2024 compared to 2023, reaching a record high of 961 million MMBtu traded. Nodal also achieved a December calendar month record in traded volume in natural gas markets in 2024 with 104 million MMBtu traded, up 373% from December 2023.

Nodal Exchange’s natural gas market ended the year on a record upswing. Overall natural gas traded volume on Nodal Exchange grew, with 2024 volume up 206% compared to 2023. Q4 contributed to this success, with total traded volumes nearly 222% above traded volumes for the year prior. Screen-traded volume alone increased by 142% in Q4, reflecting steady growth in this segment of the market.

Nodal Exchange offers cash-settled monthly natural gas futures, spreads, strips and calls. Nodal also offers futures style margin gas options, as well as the traditional equity style margin options. Futures and options are offered in both a 2,500 MMBtu lot size and a 10,000 MMBtu lot size.

With numerous firms across the natural gas value chain actively participating in our market, both via blocks and the screen, the stage is set for more record volumes in 2025.

For more information about Nodal Exchange natural gas, visit the link below.