Despite unusual weather leading to volatility in power prices, trading volumes at most major exchanges remained flat. The exception was Nodal Exchange. The Virginia based firm saw a 60% jump in volumes in 2018 to hit a record of 1.039 billion megawatt hours (MWh) of power futures traded.
Nodal Exchange has been named “Commodity Exchange of the Year” by Energy Risk magazine at the Energy Risk Awards 2019. Energy Risk Awards recognize excellence across global energy and commodities markets.
On Monday afternoon at Transparency19, Addison Armstrong, executive director of trucking freight futures at FreightWaves, moderated a conversation between Nodal Exchange, where freight futures are traded, DAT, whose rate indexes the futures contracts are settled against, and K-Ratio, a commodities trading advisor based in Chicago advising carriers and shippers on hedging strategies.
Nodal Exchange achieved a new monthly trading record in power futures with a total volume of 189 million MWh in April 2019 (notional value of $6 billion per side).
Nodal Exchange's web based UI for Nodal LiveTrade, Nodal BlockTrade, admin & clearing functions
The Nodal T7 trading platform can be accessed via leading web-based trading applications: CQG, Trading Technologies and Trayport. For support, please contact us
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