Nodal Exchange Named Commodity Exchange of the Year by Energy Risk
May 17 2024 - 9:00AM
Business Wire
Nodal Exchange has been named Commodity Exchange of the Year for
the second year in a row by Energy Risk magazine. The Energy Risk
Awards recognize excellence in financial risk management across the
global commodities markets. Energy Risk presented the Commodity
Exchange of the Year award at a ceremony in Houston yesterday.
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Nodal Exchange is a leader in innovation, having introduced the
largest set of electric power locational (nodal) futures and
options contracts and the largest set of environmental futures and
options contracts in the world. In addition, Nodal Exchange lists
natural gas contracts. Nodal Exchange is the market leader in North
American power futures achieving 55% share of open interest at the
end of April 2024. Nodal posted a record quarter in Q1 2024 with
892 million MWh traded power futures volume, surpassing Q1 2022’s
record of 850 million MWh.
Beyond power and natural gas, Nodal, in collaboration with
IncubEx, continues to grow the environmental markets. In the first
quarter, volume across the product suite was 132,233 lots, up 95%
from 67,711 lots a year earlier. Open interest at the end of Q1
2024 was 320,345 lots, up 42% from 226,306 at the end of Q1 2023.
Nodal now lists more than 120 environmental futures and options
contracts, the broadest suite of exchange-traded contracts.
“Nodal Exchange is honored to receive the Commodity Exchange of
the Year award from Energy Risk for the seventh time,” said Paul
Cusenza, Chairman and CEO of Nodal Exchange. “We are grateful for
the support of our entire trading and clearing community without
which this achievement would not have been possible, and we are
pleased that Energy Risk has recognized our collective
success.”
ABOUT NODAL
Nodal Exchange is a derivatives exchange providing price, credit
and liquidity risk management solutions to participants in the
North American commodities markets. Nodal Exchange is a leader in
innovation, having introduced the world’s largest set of electric
power locational (nodal) futures contracts and the world’s largest
set of environmental contracts. As part of EEX Group, a group of
companies serving international commodity markets, Nodal Exchange
currently offers over 1,000 contracts on hundreds of unique
locations, providing the most effective basis risk management
available to market participants. In addition, Nodal Exchange
offers natural gas contracts. All Nodal Exchange contracts are
cleared by Nodal Clear which is a CFTC registered derivatives
clearing organization. Nodal Exchange is a designated contract
market regulated by the CFTC.
© EEX AG, Nodal – part of eex group
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Nodal Exchange Public Relations Nicole Ricard P: 703-962-9816
ricard@nodalexchange.com