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Nodal Newsletter | June 2024
Nodal Highlights
GLOBAL CAPITAL DERIVATIVES AWARDS 2024
- Nodal was shortlisted for Americas Derivatives Exchange of the Year and Americas Derivatives Clearing House of the Year by Global Capital Awards. Thank you to our trading and clearing community for your support.
ENERGY RISK AWARDS 2024
- Nodal was named Commodity Exchange of the year at Energy Risk Awards 2024 by Risk.Net for the seventh time. Thank you to our trading and clearing community for your tremendous support through the years.
NODAL POWER HIGHLIGHTS
- Nodal set a calendar month trading record in power futures with traded volume of 245 million MWh, up from 234 million MWh in May 2023.
- Open interest at the end of May for power futures was 1.395 billion MWh, representing $131 billion of notional value based on both sides.
NODAL ENVIRONMENTAL HIGHLIGHTS
- Nodal posted record volume in environmental futures and options with 51,747 lots, up 62% from a year earlier.
- Open Interest in environmental markets reached 338,953 lots in May, up 28% from April 2023.
NODAL NATURAL GAS HIGHLIGHTS
- Nodal achieved 99 million MMBtu of traded volume in May 2024, up 561% from May 2023.
Nodal Exchange achieves growth records in power and environmental markets in May
Nodal Exchange announced new records in power and environmental futures. In power, Nodal set a calendar month record for May with traded power futures volume of 245 million MWh, up from 234 million MWh in May 2023. Nodal continues to be the market leader in North American power futures with 55% share of open interest at the end of May with 1.395 billion MWh open interest representing $131 billion of notional value based on both sides.
For the month, environmental markets on Nodal posted record volume of 51,747 lots, up 62% from a year earlier. Nodal also posted record open interest of 362,282 lots and closed the month at 338,953 lots, up 28% from 263,917 lots a year earlier. Further, California Low Carbon Fuel Standard futures open interest reached 36,241 lots, up 541% from a year earlier. NEPOOL-related RECs on Nodal reached a new record open interest of 64,303 lots before ending the month at 41,240 lots, an increase of 11% from a year earlier. Open Interest for PJM-related RECs on Nodal reached 150,021 lots, up 7% from a year earlier. In addition, Texas CRS Wind and Texas CRS Solar contacts closed out the month with a new open interest record of 63,897 lots, up 28% from a year earlier.
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Nodal Exchange named Commodity Exchange of the Year by Energy Risk
Nodal Exchange has been named 2024 Commodity Exchange of the Year for the second year in a row by Energy Risk magazine. The Energy Risk Awards recognize excellence in financial risk management across the global commodities markets. Energy Risk presented the Commodity Exchange of the Year award at a ceremony in Houston on May 16.
“Nodal Exchange is honored to receive the Commodity Exchange of the Year award from Energy Risk for the seventh time,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “We are grateful for the support of our entire trading and clearing community without which this achievement would not have been possible, and we are pleased that Energy Risk has recognized our collective success.”
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Nodal Exchange now provides Market Data Solutions across all asset classes
Nodal Exchange is pleased to offer comprehensive market data across our different asset classes – Power, Natural Gas, and Environmentals. Our market data can be accessed in several formats and can help address your trading, research, compliance, and risk-management needs.
End of Day File: Delivered as csv files through a secure FTP, our End-of-Day data provides daily insights into our markets including settlement prices, open interest, and volume.
Real Time Data Feed: Utilizing FIX protocol, our data feed product provides another layer of market information by including trade-level and End-of-Day market data in real time to gain more actionable intelligence for trading, assessing risk, and portfolio management.
Historical Data: Leverage our historical data to develop models and test design. With Nodal power futures data extending back to 2013, you have access to insights to refine and optimize your strategy. Nodal Exchange has a comprehensive solution for your data needs, whether you’re looking for End-of-Day prices or historical trading information.
Our market data can empower you with valuable insights, enabling you to make informed decisions in such a dynamic trading landscape. Please visit Market Data Services to learn more about how our team of data experts can help you.
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Upcoming Events
June 29, 2024
FIA CHICAGO GOLF OUTING 2024: Nodal Exchange will be sponsoring the Chicago Golf Outing 2024 hosted by the FIA Operations Americas Division taking place Monday, July 29 in Wheaton, Illinois. For more information visit:
Chicago Golf Outing 2024
September 16-18, 2024
FIA FORUM: COMMODITIES 2024: Nodal Exchange will be sponsoring the FIA Forum: Commodities 2024 taking place Monday, September 16 to Wednesday, September 18 in Houston, Texas. For more information visit:
FIA Forum: Commodities 2024
Nodal in the news
May 2024
Nodal achieves second-highest trading volume in power and environmentals
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April 2024
Nodal cooperation with Deutsche Börse Market Data + Services
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April 2024
Nodal Exchange celebrates our 15th anniversary!
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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.