Nodal Exchange and LCH.Clearnet Ltd launch natural gas contract for Henry Hub

Nodal Exchange, LLC and LCH.Clearnet Ltd (LCH.Clearnet) have today launched trading and clearing for a Henry Hub natural gas contract. The contract allows Nodal Exchange participants to enhance capital efficiency by cross margining their power and natural gas portfolios using Value-at-Risk (VaR) margining. The Henry Hub natural gas contract is available through Nodal Exchange’s cleared…

Newedge to offer GCM services for Nodal Exchange

Nodal Exchange, the first exchange dedicated to offering locational (nodal) futures contracts and related services to participants in the organized North American electric power markets, and Newedge Group, a leader in global brokerage, announced today that Newedge Group (UK Branch), with its membership in LCH.Clearnet, has become a General Clearing Member (GCM) for Nodal Exchange.

Nodal Exchange and LCH.Clearnet Ltd extend expiries to 4 years for all 72 locations offered in the daily auctions

Nodal Exchange, LLC and LCH.Clearnet Ltd announced today that they have extended expiries to include current month plus 48 months forward on 144 peak and off-peak contracts settling at 72 locations. These contract locations include all of the hubs and zones currently offered in Nodal Exchange’s daily auction. In October, Nodal Exchange and LCH.Clearnet began…