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Nodal Newsletter | September 2023

Nodal Highlights

NODAL POWER HIGHLIGHTS

  • Nodal set a calendar month trading record in power futures with traded volume of 168 million MWh, up 61% from August 2022.
  • Open interest at the end of August for power futures exceeded 1.2 billion MWh.

NODAL ENVIRONMENTAL HIGHLIGHTS

  • Nodal set a calendar month record and the second highest trading month ever on the exchange in environmental futures and options trading with volume of 36,495 lots, up 92% from August 2022.
  • Open Interest in environmental markets reached a record high of 262,680 lots in August, up 32.8% from August 2022.

MARKET DATA SERVICES

  • Nodal Exchange introduces market data solutions across all asset classes.

Nodal Exchange achieves new records in power futures (up 61%) & environmental futures (up 92%)

Nodal Exchange announced new trading records in power and environmental futures in August 2023. In power, Nodal set a calendar month record for August with 168 million MWh of traded power futures volume in the month, up 61% 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 1.2 billion MWh. Environmental markets on Nodal Exchange posted record August volume and the second highest trading month ever on the exchange. Total volume for August was 36,495 lots, up 92% from 19,001 lots a year earlier, with open interest ending the month at 262,680 lots, up 32.8% from 197,870 a year earlier.

Several contract groups bolstered volume and open interest over the month. Renewable energy certificates (RECs) contracts as a group posted volume of 21,142 lots for the month, up 17% from 18,066 lots a year earlier. Open interest across REC products ended the month at 215,552 lots, up 32% from 163,682 lots.

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Nodal Exchange introduces Market Data Solutions across all asset classes

Nodal Exchange is pleased to offer comprehensive market data across our different asset classes – Power, Natural Gas, and Environmentals. Our market data can be accessed in several formats and can help address your trading, research, compliance, and risk-management needs.

End of Day File: Delivered as csv files through a secure FTP, our End-of-Day data provides daily insights into our markets including settlement prices, open interest, and volume.

Real Time Data Feed: Utilizing FIX protocol, our data feed product provides another layer of market information by including trade-level and End-of-Day market data in real time to gain more actionable intelligence for trading, assessing risk, and portfolio management.

Historical Data: Leverage our historical data to develop models and test design. With Nodal power futures data extending back to 2013, you have access to insights to refine and optimize your strategy. Nodal Exchange has a comprehensive solution for your data needs, whether you’re looking for End-of-Day prices or historical trading information.

Our market data can empower you with valuable insights, enabling you to make informed decisions in such a dynamic trading landscape. Please visit Market Data Services to learn more about how our team of data experts can help you.

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Upcoming Events

September 13-14, 2023
FIA FORUM COMMODITIES 2023: Nodal Exchange will be co-sponsoring with IncubEx the FIA Forum Commodities 2023 taking place Wednesday, September 13 to Thursday, September 14 in Houston, Texas. Demetri Karousos, President, and Chief Operating Officer of Nodal will be moderating the panel ‘Current Trends in Power Markets’ on Day 2 of the conference. For more information visit: FIA Forum Commodities 2023
September 18-20, 2023
RENEWABLE ENERGY MARKETS 2023: Nodal Exchange will be sponsoring the Renewable Energy Markets 2023 conference taking place Monday, September 18 to Wednesday, September 20 in Washington, D.C. Caroline Gentry, Director of Environmental Markets at Nodal will be participating as a speaker at the panel ‘Interactions Between State Compliance and Voluntary Markets’ on Day 3 of the conference. For more information visit: Renewable Energy Markets 2023
October 1-3, 2023
EMA’S 27th ANNUAL MEETING: Nodal Exchange will be sponsoring EMA’s 27th Annual Meeting taking place Sunday, October 1 to Tuesday, October 3 in Denver, Colorado. Caroline Gentry, Director of Environmental Markets at Nodal will be moderating the panel ‘Leveraging Academic Research to Enhance and Defend Environmental Markets’ on Day 3 of the conference. For more information visit: EMA's 27th Annual Meeting
October 2-3, 2023
FIA FUTURES AND OPTIONS EXPO 2023: Nodal Exchange will be sponsoring the FIA Futures and Options Expo 2023 taking place Monday, October 2 to Tuesday, October 3 in Chicago, Illinois. For more information visit: FIA Futures and Options Expo 2023
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
NODAL TRADER CONFERENCE: Nodal Exchange will be sponsoring the Nodal Trader Conference taking place Wednesday, October 25 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
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

Nodal in the news

August 2023

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

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August 2023

Nodal achieves record volume in power and OI in environmentals in July

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July 2023

Nodal launches first-ever Washington Clean Fuels Program futures contracts

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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.