Nodal Newsletter | May 2020

Nodal Highlights

GREATEST U.S. POWER OPEN INTEREST IN NORTH AMERICA

On May 1, Nodal Exchange achieved the highest power futures open interest in North America with over 1,030 million MWh of open interest.

RECORDS IN POWER, ENVIRONMENTAL AND NATURAL GAS

Nodal Exchange achieved record open interest in power, environmental, and natural gas futures in April 2020, including a record 992 million MWh of open interest representing a record 49% market share in power.

RECORD OPEN INTEREST & MARKET SHARE IN ENVIRONMENTAL

Working with its collaborator IncubEx, Nodal set a new record in U.S. environmental futures open interest with 68,874 lots and 7.4% market share.

NATURAL GAS MARKET SHARE RECORD

Nodal also achieved a record 1.34% market share of U.S. natural gas futures and options. Nodal migrated 1.4 billion British Thermal Units (MMBtu) or 160,000 natural gas lots from NFX in April.


Nodal Exchange Successfully Migrates Additional Natural Gas Open Interest from Nasdaq Futures, Inc.

WASHINGTON, DC – Nodal Exchange announced today that it successfully migrated a second tranche of natural gas futures and options contracts open interest from Nasdaq Futures, Inc. (NFX) to Nodal Clear, Nodal Exchange’s clearing house, pursuant to the agreement announced in November 2019 whereby Nodal purchased core assets of NFX’s futures and options exchange business. 578,377,500 million British Thermal Units (MMBtu) were migrated yesterday morning to Nodal Exchange, following the prior migration of 818,737,500 million British Thermal Units (MMBtu) on April 13. This is the energy equivalent of a total 409 million MWh migrated in April and represented about 160,000 total natural gas lots in April. Nodal Exchange also previously migrated 91 million MWh of power futures and options on February 6, 2020 which represented all of the NFX North American power open interest (except for current month expiries by design).

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Nodal Exchange Sets Records in Power, Environmental and Natural Gas Open Interest in April

WASHINGTON, DC – Nodal Exchange achieved record open interest in power, environmental, and natural gas futures in April 2020.

Nodal Exchange continues to improve its strong position in the North American monthly power futures markets achieving a record 992 million MWh of open interest as of April 30, 2020 representing a record 49% market share. Nodal’s power open interest grew 42% year over year in April.

On May 1, Nodal Exchange achieved the highest power futures open interest in North America with over 1,030 million MWh of open interest. Nodal also has the majority of open interest in PJM with 57% and ISO-NE with 56%. Year to date 2020, Nodal also has the majority of all power futures volume traded in the NYISO markets and for Day Ahead settled power futures across the United States with 53% market share in each.

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Nodal in the news

April 2020

Nodal sets quarterly power futures trading record

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April 2020

Power up, not down

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March 2020

Nodal Exchange contracts now on the TT® platform

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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, environmental, and trucking freight 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.