Nodal Newsletter | June 2020

Nodal Highlights

NODAL EXCHANGE NAMED EXCHANGE OF THE YEAR BY ENERGY RISK

Nodal Exchange has been named 2020 Exchange of the Year for the second year in a row by Energy Risk magazine. Energy Risk Awards recognize excellence across global energy and commodities markets.

NODAL AND INCUBEX EXPAND ENVIRONMENTAL MARKETS

On June 2, 2020, Nodal Exchange launched new North American environmental futures and options contracts on the Oregon Clean Fuels Program and renewable energy certificates (RECs). New extended vintages on twelve previously listed REC contracts were also implemented.

NODAL ACHIEVES MAJORITY MARKET SHARE OF POWER OPEN INTEREST

May marked the first month when Nodal Exchange achieved the majority of the U.S. power market open interest! Nodal achieved 42% market share of traded volume this month in power futures and a record 50.3% of open interest.


Nodal Exchange named 2020 Exchange of the Year by Energy Risk

Nodal Exchange has been named 2020 Exchange of the Year for the second year in a row by Energy Risk magazine. Energy Risk Awards recognize excellence across global energy and commodities markets.

Nodal Exchange continues to improve its strong position in the North American power futures markets and currently has the majority of the market with over 1 billion MWh of open interest. Nodal Exchange traded volume grew by 79% in 2019 and 27% over the first four months of 2020.

In addition, Nodal, working with its collaborator IncubEx, set a new record in U.S. environmental futures open interest with 68,874 lots and 7.4% market share at the end of April. Environmental open interest grew 230% year over year in April. Nodal has the broadest set of environmental contracts of any futures exchange in the world.

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Nodal and IncubEx expand environmental markets with five new contracts and twelve REC vintage extensions

On June 2, 2020, Nodal Exchange launched new North American environmental futures and options contracts on the Oregon Clean Fuels Program and renewable energy certificates (RECs). New extended vintages on twelve previously listed REC contracts were also implemented.

The new Nodal contracts, developed in collaboration with IncubEx, further extend the broadest suite of environmental products in the world and builds on the 62 emission allowances, renewable energy certificates and renewable fuels futures and options now offered on Nodal.

The newest addition to the renewable fuels product group on Nodal are the Oregon Clean Fuels Program (CFP) futures, a low carbon fuel standard futures contract that physically delivers CFP credits issued by the Oregon Department of Environmental Quality and corresponding options contracts on these futures.

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Nodal Exchange sets records in power open interest in May with majority of market

Nodal Exchange achieved record open interest in power futures in May 2020.

Nodal Exchange continues to improve its strong position in the North American monthly power futures market with its highest volume May ever. Nodal had total traded volume in May of 182 Million MWh which surpassed its previous record of 162 Million MWh from May of 2019.

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Nodal in the news

May 2020

Nodal Exchange sets records

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May 2020

Nodal eyes Central and South America

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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.