Nodal Exchange announced new trading records in power and environmental futures. In power, Nodal achieved a year-to-date record with January 2023 – October 2023 traded power futures volume of 2.355 billion MWh, up 15% from 2.050 billion MWh during the same time period 2022. In October, Nodal Exchange traded volume was 242.5 million MWh, up 27% from October 2022. Nodal continues to be the market leader in North American power futures having the majority share of the open interest with a 1.268 billion MWh at the end of October. The open interest represents over $121.4 billion of notional value (both sides).

October volume in environmental products totaled 21,368 lots, up 22% from 17,510 lots a year earlier, making it the highest October on the exchange. Total open interest ended October at 274,849 lots, up 32% from 208,968 lots a year earlier.

Nodal Exchange’s natural gas market is quietly growing. With over 20 firms actively participating, Nodal’s market has managed to attract a diverse mix of participants. Banks, funds, commercial entities, and electronic market makers have all found their place on this platform, creating a trading environment that is both competitive and dynamic.

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 calls for Henry Hub Last Day and Penultimate. In addition, monthly options are available for Penultimate futures. Futures and options are offered in both a 2,500 MMBtu lot size and a 10,000 MMBtu lot size.

As trading volumes steadily increase, Nodal Exchange’s natural gas offering is proving to be a reliable choice for traders looking to navigate the natural gas market with confidence.