Washington DC, March 4, 2019
Nodal Exchange achieved a new monthly trading record in power futures with a total volume of 173 million MWh in February 2019 (notional value of $5.5 billion per side).
As part of EEX Group, Nodal Exchange continues to improve its strong position in the North American monthly power futures markets with a record 39% market share of traded volume in February 2019 and a record 34% market share of open interest as of February 28, 2019 (629 million MWh).
These records follow Nodal Exchange’s extremely strong performance in 2018. Nodal Exchange achieved record annual power futures trading volume in 2018 with 1.039 billion MWh.
“This is a very exciting start to 2019 and we very much appreciate the support of our participants, brokers, clearing members and service providers in achieving these results,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “As the year progresses, we hope to continue to grow in energy and to expand our product portfolio in order to best meet the needs of the markets we serve.”
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. 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 and environmental 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.
Contact:
Nodal Exchange Public Relations
Nicole Ricard
Phone : 703-962-9816
E-mail : ricard@nodalexchange.com
