Nodal Exchange – Exchange of the Year
ENERGY RISK
What makes a successful futures exchange? In the July 2018 issue of Energy Risk magazine, recently retired Icap Energy founder Paul Newman discussed his five tests for a successful derivatives market: “there must be a range of different reasons why firms come to the market; there must be a sufficient underlying spot market; there must be…
Nodal Exchange announced today that Paul Cusenza will retire as CEO of Nodal Exchange on March 15th, 2027, after over 19 years leading the company. Demetri Karousos, currently CEO of Nodal Clear and President & COO of Nodal Exchange will succeed Cusenza as CEO of Nodal Exchange on March 16th. Cusenza will remain Chair of…
Nodal Exchange announced growth in its power, environmental and natural gas markets in September 2026. Nodal power futures volume for September was 280,616,790, a 31% increase from the month prior. Q3 traded power futures volume totaled 693,282,299. Nodal is the #1 power futures exchange in the U.S. with 1.431 billion MWh of open interest and…
Nodal Exchange today announced growth in power, gas, and environmental markets in August 2026. Nodal power futures volume for August was 214.2 MWh, up 8% from July 2026. The majority of U.S. power futures open interest is on Nodal Exchange with 1.451 billion MWh and 55% market share as of the end of August 2026.
New financially settled contracts based on OPIS daily price assessments expand access to hedging solutions across North American carbon and renewable fuel markets. Nodal Exchange and OPIS, a Dow Jones company, today announced the launch of new financially settled futures and options contracts based on OPIS daily price assessments, developed in cooperation with IncubEx.

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