Nodal Highlights
NODAL POWER HIGHLIGHTS
- Nodal set a calendar month trading record in power futures with traded volume of 255 million MWh, up 14% from September 2023.
- Open interest at the end of September for power futures was 1.381 billion MWh.
NODAL ENVIRONMENTAL HIGHLIGHTS
- Nodal achieved environmental futures and options volume of 94,194 lots, up 227% from September 2023.
- Open Interest in environmental markets at the end of September exceeded 400,629 lots, up 48% from a year earlier.
Nodal Exchange achieves new records with 14% growth in power futures and 227% growth in environmental markets in September 2024
Nodal Exchange today announced significant growth in both power and environmental markets in the month of September. In power, Nodal set a calendar month record for September with 255 million MWh of traded power futures volume in the month, up 14% from the prior year. Nodal also achieved a Q3 trading record with 665 million MWh of traded power futures volume, up 16% from the prior year. Nodal continues to be the market leader in North American power futures having the majority of the open interest with 1.381 billion MWh at the end of September.
Environmental markets on Nodal Exchange reached volume and open interest records in Q3 as well. September 2024 volume was 94,194 lots, up 227% from 28,769 lots a year earlier. Q3 volume across the product suite totaled 264,327 lots, up 212% from 84,745 lots in Q3 2023.
Nodal to sponsor and attend upcoming Nodal Trader Conference
Please join us at the S&P Global Commodity Insights Nodal Trader Conference taking place Wednesday, October 23 to Friday, October 25, 2024 at InterContinental – The Wharf in Washington, D.C. Our Chairman and CEO, Paul Cusenza will be the conference chairperson and moderator and our Director of Environmental Markets, Caroline Gentry, will be participating as a speaker at the panel on New Directions in Environmental Markets on October 25. June Yu, Senior Manager, Risk and Strategic Analysis will be moderating the panel on Managing Risk in Climate and Trading on October 25.
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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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.