Nodal Exchange is proud to announce the upcoming launch of power dailies, offering traders more opportunities to execute and manage their positions in our market.

These new power contracts allow participants to manage positions inside the current month directly on Nodal, offering a new level of flexibility and control. Experience the advantage of trading dailies through Nodal Access^SM, streamlining your workflow from the prompt month through to expiration.

The Nodal Access trading platform is a web-based, customizable solution designed for trading power, natural gas, and environmental contracts. The platform provides users with a secure and flexible system to execute screen-based trades across all of Nodal Exchange’s asset classes, accessible from any browser.

Nodal Access includes front-end features such as highly customizable workspaces, real-time order data, and the availability of many tailor-made power trading contracts. The platform offers rapid implementation of new functionality and integrates seamlessly with existing trade capture solutions for straight-through processing.

Since its launch, Nodal Access has consistently attracted a growing number of participants. Trading firms interested in utilizing the Nodal Access trading platform can contact Screen Support.

Nodal Exchange will be temporarily extending trading hours from February 9th through February 11th in order to accommodate the potential for our trading participants to manage risk around the results of the BGS auction.

Starting on February 9th, all Nodal Exchange contracts will be open for trading from 8am until 7:30pm (all times Eastern US). This one and a half-hour extension will be in effect through February 11th. Starting on February 12th, Nodal Exchange will revert to its standard market hours, 8am-6pm.

Nodal Exchange achieved record trading volumes in 2025 in its power and environmental markets.

Nodal achieved a record 3.1 billion MWh power futures volume traded in 2025, representing 4% growth over 2024. In December, Nodal Exchange traded volume was 235 million MWh, up 29% from December 2024. Nodal continues to be the market leader in North American monthly power futures having 56% of the open interest with 1.51 billion MWh at the end of 2025. The open interest represents over $166 billion of notional value (both sides).

Nodal continues to grow its environmental futures and options markets. Environmental futures and options on Nodal Exchange posted full-year volume in 2025 of 749,222 lots. Environmental market open interest ended the year at a record 391,264 lots, up 1% from a year earlier.

Caroline Gentry, Director of Environmental Markets at Nodal Exchange, gave a presentation to colleagues about the vital role Nodal’s environmental markets play in promoting a more sustainable future. The presentation was followed by Paul Cusenza, CEO, ringing the gong for the Ring the Bell for Climate initiative hosted by The World Federation of Exchanges (WFE).

> Watch video

In addition to hosting a presentation for colleagues, Caroline authored the article ‘Climate Future-Proofing: How Exchanges Lead the Way,’ as part of the Ring the Bell for Climate initiative. This article was featured in the January issue of WFE Focus.

> Read article

Nodal Exchange had a very successful 2025. Nodal achieved record trading volume for the year in power exceeding 3 billion MWh power futures volume traded for the first time. Natural gas markets were up 7% year over year as of the end of November, and Nodal continues to expand its environmental share having over 68% of the North American Renewable Energy Certificate market measured in clean MWh generation.

Nodal launched over 200 new power and environmental futures and options contracts in 2025. We announced the launch of Nodal Access^SM trading platform, Nodal’s new web-based, highly customizable solution for trading Power, Natural Gas, and Environmental contracts.

Nodal Exchange was again named Commodity Exchange of the Year by Energy Risk magazine for the 8^th time.

Nodal Clear launched 24×7 clearing in May and is the first and still only clearing house in the world to ever clear margined futures 24×7! Nodal Clear launched perpetual futures in July.

We want to express our gratitude for the ongoing support of our trading and clearing community without which these accomplishments would not have been possible. Thank you and best wishes for a prosperous New Year!