Nodal Highlights
ENERGY RISK AWARDS 2025
- Nodal was named Commodity Exchange of the year at Energy Risk Awards 2025 by Risk.Net for the eighth time. Thank you to our trading and clearing community for your tremendous support through the years.
NODAL CLEAR HIGHLIGHTS
- Nodal Clear announced clearing support for 24×7 trading on Coinbase Derivatives Exchange.
NODAL POWER HIGHLIGHTS
- Nodal set a calendar month trading record in power futures with traded volume of 358 million MWh, up 4% from April 2024.
- Open interest at the end of April for power futures was 1.489 billion MWh, representing $145 billion of notional value based on both sides.
NODAL ENVIRONMENTAL HIGHLIGHTS
- Nodal set a calendar month record in environmental futures and options trading with volume of 71,138 lots, up 46% from April 2024.
- Open Interest in environmental markets reached 424,247 lots in April, up 24% from April 2024.
NODAL NATURAL GAS HIGHLIGHTS
- Nodal’s natural gas markets achieved 112 million MMBtu of traded volume, up 54% from April 2024.
Nodal Exchange named Commodity Exchange of the Year by Energy Risk
Nodal Exchange has been named 2025 Commodity Exchange of the Year for the third 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 yesterday.
Nodal Exchange is a leader in innovation, having introduced the largest set of electric power locational (nodal) futures and options contracts and the largest set of environmental futures and options contracts in the world. In addition, Nodal Exchange lists natural gas contracts. Nodal Exchange is the market leader in North American power futures achieving a record 57% share of open interest at the end of April 2025. Nodal posted a record calendar month in April 2025 with 358 million MWh traded power futures volume, surpassing April 2024’s record of 345 million MWh. Nodal’s natural gas markets also achieved a calendar month record with 112 million MMBtu of traded volume in April 2025, up 54% from April 2024.
Nodal Clear announces clearing support for 24×7 trading on Coinbase Derivatives Exchange
Nodal Clear now offers clearing support for 24×7 (24 hours by 7 days) trading of select cryptocurrency futures contracts on Coinbase Derivatives Exchange (CDE). The new structure enables round-the-clock trading, for a subset of contracts including:
- Bitcoin Futures (BTI) – 1 Bitcoin
- Ether Futures (ETI) – 10 Ether
- nano Bitcoin Futures (BIT) – 1/100th of Bitcoin
- nano Ether Futures (ET) – 1/10th of Ether
This move represents a significant milestone in the history of global clearing as it enables continuous cleared trading, including on weekends and holidays, for the first time ever for cleared margined futures.
Nodal Exchange achieves new records in all markets in April
Nodal Exchange announced today new records in power, natural gas, and environmental futures trading. In power, Nodal set a calendar month record for April (2nd best month ever) with traded power futures volume of 358 million MWh, up 4% from 345 million MWh in April 2024. Nodal continues to be the market leader in North American power futures with 57% share of open interest at the end of April with 1.489 billion MWh open interest representing $145 billion of notional value based on both sides. Nodal’s natural gas markets achieved a calendar month record 112 million MMBtu of traded volume in April 2025, up 54% from April 2024.
