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Nodal Newsletter | May 2026
Nodal Highlights
NODAL POWER
- Open interest at the end of April for power futures was 1.517 billion, representing $170 billion of notional value based on both sides.
- Traded power futures volume ended the month of April at 324 million MWh.
NODAL ENVIRONMENTAL
- Nodal posted a calendar month record for April in environmental futures and options with volume of 89,703 lots, up 26% April 2025.
- Open Interest in environmental markets reached 491,790 lots in April, up 16% from April 2025.
NODAL NATURAL GAS
- Nodal’s natural gas markets achieved 130,820,000 MMBtu of traded volume, a 615% increase from April 2025.
NODAL ACCESSSM
- Nodal continues to enhance its Nodal Access trading platform. A new order entry widget has been introduced with enhanced price and quantity controls, time & sales visualization has been overhauled to provide a cleaner, more intuitive view of market activity, and users can now reach Nodal Support without leaving the platform.
Nodal achieved growth in all markets in April 2026
Nodal Exchange announced strong performance in power, natural gas, and environmental markets. Nodal continues to be the market leader in North American power futures with 56% share of open interest at the end of April with 1.517 billion MWh open interest, up 2% from a year earlier, representing $170 billion of notional value based on both sides. Traded power futures volume ended the month of April at 324 million MWh.
Open interest in Nodal’s natural gas markets reached 130,820,000 MMBtus as of the end of April 2026, a 615% increase from a year ago.
Nodal posted a calendar month record for April in environmental futures and options with volume of 89,703 lots, up 26% from the prior record of 71,138 lots in April 2025. Open interest in environmental products on Nodal Exchange reached 491,790 lots in April, up 16% from 424,247 at the end of April 2025.
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New features introduced on Nodal AccessSM
Nodal Exchange is pleased to announce upcoming enhancements to the Nodal Access℠ trading platform. Designed to streamline user workflows, boost execution efficiency, and improve data clarity, these updates aim to elevate how market participants interact with the platform.
Getting assistance is now more accessible as support is integrated directly into the user workspace. Nodal Access users can submit tickets and ask Nodal Support questions without leaving the platform.
For traders looking to capture market opportunities with greater speed and precision, a new order entry widget has been introduced with included market/order data, enhanced price and quantity controls, and 2-Way order entry support.
Time & Sales visualization has also been overhauled to provide a cleaner, more intuitive view of market activity. Strategy and multi-leg trades are grouped under a single parent record. To reduce visual redundancy, timestamps are dedicated solely to the parent execution, while underlying legs are displayed as nested components of the primary trade.
Interested in the Nodal Access trading platform? Please contact Screen Support.
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Upcoming Events
June 29, 2025
FIA CHICAGO GOLF OUTING 2026: Nodal Exchange is sponsoring the Chicago Golf Outing 2026 hosted by the FIA Operations Americas Division taking place Monday, June 29 in Wheaton, Illinois. For more information visit:
FIA CHICAGO GOLF OUTING 2026
Nodal in the news
April 2026
Nodal Exchange sets new trading volume records in Q1 2026
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April 2026
First trade in financially settled California Carbon Allowance futures on Nodal
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March 2026
Nodal launches first financially settled California Carbon Allowance Futures
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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.