Nodal Highlights
BUSINESS HOURS EXTENSION
- Nodal Exchange announces extension of daily market trading hours from 8:00 am – 5:00 pm to 8:00 am – 6:00 pm starting on Monday, June 26, 2023.
LAUNCH OF FUTURES-STYLE MARGIN OPTIONS
- Nodal Exchange announces July launch of Futures-Style Margin option contracts.
GLOBAL CAPITAL DERIVATIVES AWARDS
- Nodal was shortlisted for Americas Derivatives Exchange of the Year and Americas Derivatives Clearing House of the Year by Global Capital Awards. Thank you to our trading and clearing community for your support.
NODAL POWER HIGHLIGHTS
- Nodal set a calendar month trading record in power futures with traded volume of 234 million MWh, up from 220 million MWh in May 2022.
- Open interest at the end of May for power futures was 1.286 billion MWh, representing $111 billion of notional value based on both sides.
NODAL ENVIRONMENTAL HIGHLIGHTS
- Open Interest in environmental markets reached 263,917 lots in May, up 33% from April.
Nodal Exchange extends its daily market trading hours
To better serve our community, we are extending our daily market trading hours from 8:00 am – 5:00 pm to 8:00 am – 6:00 pm starting on Monday, June 26, 2023. All times are in US Eastern. The extension of our trading hours is a direct response to the feedback we have received from our community, and we are delighted to implement this change to support your trading activities.
Nodal Exchange announces July launch of Futures-Style Margin options
Nodal is pleased to announce our plan to introduce Futures-Style Margin (FSM) option contracts in July 2023. This will include listing seven new FSM option contracts along with the conversion of many currently listed Equity-Style Margin (ESM) option contracts into FSM versions.
Existing options contracts will either be dual listed, converted from ESM to FSM, or kept as is. Dual listing means that Nodal will launch an FSM version of an existing contract while keeping the existing ESM option contract active. Please click here to download a detailed file showing the treatment of each contract or contact the help desk or call 703- 962-9860 with any questions about these changes.
Nodal Exchange achieves records in power and environmental futures in May
Nodal Exchange today announced new records in power and environmental futures. In power, Nodal set a calendar month record for May with traded power futures volume of 234 million MWh, up from 220 million MWh in May 2022. Nodal continues to be the market leader in North American power futures with 52.6% share of open interest at the end of May with 1.286 billion MWh open interest representing $111 Billion of notional value based on both sides.
For the month, environmental markets on Nodal posted record open interest of 274,666 lots and closed the month at 263,917 lots, up 33% from 199,059 lots a year earlier. Broken down further, the renewable energy certificate group posted record open interest of 241,451 lots, and closed the month at 230,667 contracts, up 37% from 168,975 lots a year earlier.
