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Nodal Newsletter | October 2023

Nodal Highlights


  • Nodal set a calendar month trading record in power futures with traded volume of 224.1 million MWh, up 65% from September 2022.
  • Open interest at the end of September for power futures exceeded 1.24 billion MWh.


  • Nodal achieved environmental futures volume of 28,769 lots, up 10% from September 2022.
  • Open Interest in environmental markets at the end of September exceeded 270,000 lots, up 32% from a year earlier.

Nodal Exchange achieves new records with 65% growth in power and 10% growth in environmental futures

Nodal Exchange announced significant growth in both power and environmental futures in the month of September. In power, Nodal set a calendar month record for September 2023 with 224.1 million MWh of traded power futures volume in the month, up 65% from the prior year. Nodal continues to be the market leader in North American power futures having the majority of the open interest with 1.240 billion MWh at the end of September.

September 2023 environmental volume was 28,769 lots, up 10% from 26,190 lots in September 2022. For Q3 2023, Nodal reported environmental futures and options volume of 84,745 lots, up 27% from 66,984 lots in Q3 2022. Environmental markets on Nodal ended September with more than 270,000 lots of open interest, up 32% from a year earlier.

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Paul Cusenza, CEO, Nodal Exchange talks to Risk.Net about winning Energy Risk Awards 2023

Paul Cusenza, Chairman and Chief Executive of Nodal Exchange, winner of the 2023 Energy Risk Commodity Exchange of the Year award, discusses how Nodal navigated the extreme conditions of the past year and how he expects power and environmental markets to develop in the coming months.

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Nodal to sponsor and attend upcoming Nodal Trader Conference

Please join us at the S&P Global Commodity Insights Nodal Trader Conference taking place Thursday, October 26 to Friday, October 27, 2023 at the InterContinental The Wharf in Washington, D.C. Our Chairman and CEO, Paul Cusenza will be the conference chairperson and moderator, and our Chief Strategy Officer, Christian Schneider will be speaking as a panel moderator on Friday, October 27 on the topic: Environmental Markets.

We hope to see you at this conference, or one of the other upcoming events below that Nodal Exchange will be at! For more information or to register for this event, visit: Nodal Trader Conference

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Upcoming Events

October 16-18, 2023
NAEMA 2023 FALL CONFERENCE: Nodal Exchange will be sponsoring the NAEMA 2023 Fall Conference taking place Monday, October 16 to Wednesday, October 18 in Philadelphia, Pennsylvania. For more information visit: NAEMA 2023 Fall Conference
October 25-27, 2023
WSPP FALL 2023 OPERATING COMMITTEE MEETING: Nodal Exchange will be sponsoring the WSPP Fall 2023 Operating Committee Meeting taking place Wednesday, October 25 to Friday, October 27 in Huntington Beach, California. For more information visit: WSPP Fall 2023 Operating Committee Meeting
October 26-27, 2023
NODAL TRADER CONFERENCE: Nodal Exchange will be sponsoring the Nodal Trader Conference taking place Thursday, October 26 to Friday, October 27 in Washington, D.C. Paul Cusenza, Chairman and CEO of Nodal will be chairing the event. Christian Schneider, Chief Strategy Officer of Nodal will be participating as a speaker at the panel on Environmental Markets. For more information visit: Nodal Trader Conference

Nodal in the news

September 2023

Nodal achieves new records in power and environmental futures

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August 2023

"As the World Turns" news feature in The Desk by Scudder Publishing

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August 2023

Nodal achieves record power volume and environmentals OI in July

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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.