Nodal Exchange Announces Completion of Ownership Structure and Board Membership

Nodal Exchange, the first independent electronic commodities exchange for forward locational electric power trading, today announced that it has admitted a private institutional investor to complete its ownership structure in advance of Nodal Exchange’s April 8, 2009 launch. Nodal Exchange’s other shareholders include the following companies or their affiliates: DC Energy, LLC, Macquarie Cook Power,…

Nodal Exchange Auction Engine Passes Key Validation Test

Nodal Exchange, the first electronic commodities exchange for forward locational (nodal) electric power trading, announced today that Nexant, Inc. has tested and validated the Nodal Exchange auction engine. Nodal Exchange provides participants in the North American power markets the opportunity to more effectively manage their basis and credit risk through the use of cleared cash-settled…

SunGard’s GMI to Support Nodal Exchange

SunGard’s GMI, a clearing and accounting system for exchange traded derivatives, futures and options, now supports Nodal Exchange and is ready to be deployed by clearing members in anticipation of the launch of Nodal Exchange in early 2009. Nodal Exchange is the first electronic commodities exchange dedicated to offering locational (nodal) products and services to…

NODAL EXCHANGE ANNOUNCES NOVEMBER MOCK AUCTIONS

Nodal Exchange, the first independent electronic commodities exchange for forward locational electric power trading, announced today that it intends to conduct mock auctions for potential participants of the exchange. These mock auctions will be held November 18 and 19, 2008, in preparation for Nodal Exchange’s early 2009 launch. Over 100 traders representing more than 50…