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Nodal Newsletter | September 2021

Nodal Highlights

NODAL POWER HIGHLIGHTS

  • Nodal set a calendar month record for August with 164 million MWh of traded power futures volume in the month, up 30% from the prior year
  • Nodal continues to be the market leader in North American power futures having the majority of the open interest with over 1 billion MWh

NODAL ENVIRONMENTAL HIGHLIGHTS

  • Nodal had it strongest month ever in environmental futures trading with record monthly volume of 31,453 lots traded, up 173% from the prior year and record end of month open interest of 145,884 lots, up 90% from the prior year
  • On August 3rd, Nodal posted a single-day volume record in its environmental market product suite with 6,687 contracts traded
  • Nodal also posted record open interest in Texas CRS Wind and Texas CRS Solar REC futures and options with more than 25,000 lots and RGGI futures with more than 10,000 lots

NODAL NATURAL GAS HIGHLIGHTS

  • Henry Hub natural gas futures and options open interest on Nodal Exchange currently exceeds 440 million MMBtu and is portfolio margined with power on Nodal Exchange

Nodal Exchange achieves new records in power futures (up 30%) & environmental futures (up 173%) and launches new renewable contracts

Nodal Exchange announced new trading records in power and environmental futures in August 2021. In power, Nodal set a calendar month record for August with 164 million MWh of traded power futures volume in the month, up 30% from the prior year. Nodal continues to be the market leader in North American power futures having the majority of the open interest with over 1 billion MWh.

Nodal Exchange also had its strongest ever month in environmental futures trading with record monthly volume of 31,453 lots traded, up 173% from the prior year, and record end of month open interest of 145,884 lots, up 90% from the prior year. Nodal also posted a single-day record of 6,687 lots for both futures and options traded on August 3, 2021. Among product highlights, Nodal posted record open interest in Texas CRS Wind and Texas CRS Solar REC futures and options with more than 25,000 lots and RGGI futures with more than 10,000 lots.

“Nodal Exchange is proud to have achieved these new records in power and environmental markets and appreciates the support of its community. With extreme weather conditions becoming more prevalent, environmental and power contracts are even more important to manage the associated risks and we will continue to seek to meet the market needs by expanding what are already the world’s largest sets of power and environmental futures and options contracts,” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear.

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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.

Upcoming Events

October 21-22
Nodal Exchange will be sponsoring and attending the S&P Global Platts Nodal Trader Conference in New York City on October 21-22, 2021. Our CEO, Paul Cusenza will present the keynote address and will also chair the event For more information visit: Nodal Trader Conference

Nodal in the news

August 2021

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

Learn more
July 2021

Nodal Exchange named Exchange of the Year for third year in a row

Learn more
July 2021

Nodal Exchange achieves records in power and environmental futures

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.

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