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Nodal Newsletter | December 2020

Nodal Highlights

NODAL EXCHANGE AND NODAL CLEAR SHORTLISTED FOR TWO FOW AWARDS

Nodal Exchange and Nodal Clear have been shortlisted for the 2020 FOW Exchange of the Year and Clearinghouse of the Year awards. > Read full article.

NODAL ACHIEVES RECORD OPEN INTEREST IN ENVIRONMENTAL

Nodal achieved record environmental open interest with over 95,000 futures contracts at the end of November.

NODAL LAUNCHED NEW ENVIRONMENTAL CONTRACTS

Nodal listed the first-ever physically delivered futures contracts on D3, D4, D5 and D6 RIN markets as well as seven new renewable contracts on November 17, 2020.

CFTC APPROVED NODAL CLEAR TO CLEAR FOR OTHER DCMS

The CFTC has approved an Amended Order of Registration for Nodal Clear permitting Nodal Clear to clear for other DCMs in addition to Nodal Exchange.

HAPPY HOLIDAYS FROM NODAL

All of us at Nodal wish you and yours a very happy Holiday Season and a prosperous New Year! Thank you for your support in 2020, and we look forward to 2021!

Nodal and IncubEx launch first-ever physically-delivered RIN futures and options, plus new slate of REC contracts

Nodal Exchange and IncubEx today announced the successful launch of eight new Renewable Identification Number (RIN) futures and options contracts, plus seven new Renewable Energy Certificate (REC) contracts.

The 15 new contracts, listed only on Nodal Exchange, add to the largest set of environmental products offered in the world.

The new contracts listed are as follows:

  • D3, D4, D5 and D6 RIN futures and options
  • M-RETS®Renewable Energy Certificates from Center for Resource Solutions (CRS) Listed Wind Energy Facilities (front-half and back-half) futures
  • Texas Compliance Solar Renewable Energy Certificates from CRS Listed Facilities (front-half and back-half) futures
  • New York Renewable Energy Certificates Tier 1 futures
  • Texas Compliance Renewable Energy Certificates from CRS Listed Facilities (front-half and back-half) options

The RIN futures and options contracts are physically delivered and cover the most actively traded RIN markets: D3 RINs for cellulosic biofuels, D4 RINs for biomass-based diesel, D5 RINs for advanced biofuels such as sugarcane ethanol and D6 RINS for renewable fuels such as corn ethanol.

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CFTC Approves Nodal Clear, LLC to Clear for Other Designated Contract Markets

Nodal Clear announced today that the Commodity Futures Trading Commission (CFTC) has approved an Amended Order of Registration for Nodal Clear, LLC, removing a previous requirement limiting its activities as a registered derivatives clearing organization (DCO) to clearing contracts executed on or through its affiliated designated contract market (DCM), Nodal Exchange, LLC. The amended order permits Nodal Clear to clear for other DCMs in addition to Nodal Exchange.

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Nodal in the news

November 2020

Environmental derivatives central to US energy transition - Nodal

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September 2020

Nodal to expand environmental derivatives

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September 2020

Nodal achieves new records in environmental futures

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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.