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Nodal Newsletter | November 2021

Nodal Highlights

NODAL POWER HIGHLIGHTS

  • Nodal set a trading month record in October 2021 with 256 million MWh of power futures volume traded in the month, up 67% from October 2020.
  • Nodal continues to be the market leader in North American power futures having the majority share of the open interest with a record 1.140 billion MWh at the end of October.

NODAL ENVIRONMENTAL HIGHLIGHTS

  • October 2021 environmental futures and options volume achieved a calendar month record 14,039 lots, up 80% from 7,757 lots in October 2020.
  • Environmental futures and options open interest ended October 2021 at a record 157,750 contracts, up 81% from 87,094 a year earlier.

NODAL NATURAL GAS HIGHLIGHTS

  • Henry Hub natural gas futures and options open interest on Nodal Exchange currently exceeds 400 million MMBtu and is portfolio margined with power on Nodal Exchange.

Nodal Exchange achieves record volume with 67% growth in power and 80% growth in environmental markets in October

Nodal Exchange announced new trading records in power and environmental futures in October. In power, Nodal set a trading month record in October 2021 with 256 million MWh of power futures volume traded in the month. This represents Nodal Exchange’s highest volume month ever (excluding the NFX business acquisition in February 2020) and a growth rate of 67% over October 2020. Nodal continues to be the market leader in North American power futures having the majority share of the open interest with a record 1.140 billion MWh at the end of October. The open interest represents over $110 billion of notional value (both sides).

Nodal Exchange also posted new monthly volume and open interest records across the environmental markets’ suite. October 2021 environmental futures and options volume achieved a calendar month record 14,039 lots, up 80% from 7,757 lots in October 2020. Environmental futures and options open interest ended October 2021 at a record 157,750 contracts, up 81% from 87,094 a year earlier.

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Nodal Exchange offers Henry Hub natural gas contracts

Natural gas has been a critical component of the North American energy economy for decades, but recent fundamental shifts on both the supply side (production) and the demand side (electricity generation and exports) have brought natural gas back to the front of our domestic energy discussion.

Nodal Exchange’s natural gas products can be used to hedge price risk in the natural gas markets. In addition, our natural gas contracts provide portfolio margining benefits with participants’ Nodal Exchange power portfolios resulting in greater capital efficiency.

Nodal Exchange offers cash-settled monthly futures, spreads, strips and cals for Henry Hub Last Day and Penultimate. If you would like to find out more about our Natural Gas offerings, please reach out to our account management team: accountmanagement@nodalexchange.com or 703-962-9820.

Nodal in the news

October 2021

Our records keep growing! Power up 63% & Environmentals up 244%

Learn more
September 2021

Strongest ever month! New records in power and environmental futures

Learn more
August 2021

Nodal and IncubEx launch ten first of their kind futures & options

Learn more

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.