Nodal Creates New Clearinghouse for Power Futures
FUTURES INDUSTRY
Weekly Notice: Revisions to two Nodal Contracts for changes to correlated locations (i.e., delivery standards) established by MISO, the independent third party regional transmission organization
Weekly Notice: Revisions to two Nodal Contracts for changes to correlated locations (i.e., delivery standards) established by PJM, the independent third party regional transmission organization
Nodal Exchange, LLC (Nodal Exchange) announced today that it has formed a wholly owned subsidiary, Nodal Clear™, which will soon submit an application to the U.S. Commodity Futures Trading Commission (CFTC) to be registered as a derivatives clearing organization (DCO).
Nodal Exchange, LLC has been shortlisted for two industry awards: the FOW International Awards 2014 “Exchange of the Year – US and Canada” and the Commodity Business Awards 2014 global “Exchange of the Year.” “Nodal Exchange is very honored to be shortlisted for these prestigious industry awards,” said Paul Cusenza, Chairman and Chief Executive Officer…
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