Nodal Newsletter | July 2020

Nodal Highlights

NODAL ACHIEVES NEW RECORDS IN POWER

  • Nodal Exchange set a new record in power futures open interest in June with 1,052 TWh of power futures open interest.
  • Nodal Exchange has the majority of power futures open interest in the United States including a record 59% in the PJM market.

NODAL ACHIEVES NEW RECORD IN GAS

  • Nodal Exchange also set a new record in natural gas futures traded volume in June with 8.1 TWh, exceeding the record from the previous month of 3.5 TWh.

NODAL ACHIEVES NEW RECORDS IN ENVIRONMENTALS

  • Nodal Exchange set new open interest records in environmental futures contracts with 7.7% market share and 71,893 lots at the end of June which is up 167% from the prior year. This month Nodal Exchange topped 100,000 REC contracts since the launch of the environmental products with IncubEx.
    Nodal Exchange also reached 100 North American Contract Codes Traded across 29 different markets on June 24th.
  • This month the first ever futures trade on Massachusetts Alternative Energy Certificates was executed on Nodal Exchange, the trade follows another Nodal milestone, the first ever futures trade on Pennsylvania Tier II Alternative Energy Certificates last Tuesday. Both contracts were listed along with Massachusetts Class II Waste To Energy (WTE) RECs and Oregon Clean Fuels Program (CFP) futures and options on June 2.

Nodal Exchange achieves new records in power, natural gas and environmental futures

Nodal Exchange set a new record in power futures open interest in June with 1,052 TWh of power futures open interest. Nodal Exchange has the majority of power futures open interest in the United States including a record 59% in the PJM market.

Nodal Exchange also set a new record in natural gas futures traded volume in June with 8.1 TWh, exceeding the record from the previous month of 3.5 TWh.

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EEX turned 20

During the month of June, Nodal Exchange celebrated the 20th birthday of its parent company, EEX. On June 15th, exactly 20 years ago, a local power exchange launched operations in Leipzig, Germany aiming to operate power spot trading. Over the past twenty years, EEX massively increased its product range, trading volume and number of participants.

Today, EEX is part of EEX Group, a Global Commodity Exchange Group with over 700 employees across 17 locations worldwide and an international network of clients and partners. For the third year running, EEX Group is the number one exchange group in power trading and just reached another milestone by becoming the number one exchange in the global freight market.

Nodal Exchange has been a part of the EEX journey since 2017 and could not have been happier to be celebrating EEX Group’s 20-year journey.

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Nodal in the news

June 2020

Nodal sets records in power

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June 2020

Nodal and IncubEx expand environmental markets

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May 2020

Energy Risk Awards 2020 winner

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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.