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Nodal Newsletter | October 2021
Nodal Highlights
NODAL POWER HIGHLIGHT
- Nodal set a calendar month record for September 2021 with 205.7 million MWh of traded power futures volume in the month, up 63% from the prior year.
- Nodal continues to be the market leader in North American power futures having the majority of the open interest with a record 1.094 billion MWh at the end of September.
NODAL ENVIRONMENTAL HIGHLIGHTS
- September 2021 environmental futures volume achieved a record 35,438 lots, up 244% from 10,292 lots in September 2020.
- For Q3 2021, Nodal reported environmental futures and options volume of 77,825 lots, up 172% from 28,587 lots in Q3 2020.
NODAL NATURAL GAS HIGHLIGHTS
- Henry Hub natural gas futures and options open interest on Nodal Exchange exceeds 400 million MMBtu and is portfolio margined with power on Nodal Exchange.
Nodal Exchange achieves new records with 63% growth in power and 244% growth in environmental futures
Nodal Exchange today announced new monthly and quarterly trading records in power and environmental futures. In power, Nodal set a calendar month record for September 2021 with 205.7 million MWh of traded power futures volume in the month, up 63% from the prior year. Nodal continues to be the market leader in North American power futures having the majority of the open interest with a record 1.094 billion MWh at the end of September.
Nodal Exchange also posted new quarterly and September volume and open interest records across the environmental markets’ suite. September 2021 environmental futures volume achieved a record 35,438 lots, up 244% from 10,292 lots in September 2020. September marked the second consecutive month of record trading volume. For Q3 2021, Nodal reported environmental futures and options volume of 77,825 lots, up 172% from 28,587 lots in Q3 2020.
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Nodal Exchange offers Henry Hub natural gas contracts
Natural gas has been a critical component of the North American energy economy for decades, but recent fundamental shifts on both the supply side (production) and the demand side (electricity generation and exports) have brought natural gas back to the front of our domestic energy discussion.
Nodal Exchange’s natural gas products can be used to hedge price risk in the natural gas markets. In addition, our natural gas contracts provide portfolio margining benefits with participants’ Nodal Exchange power portfolios resulting in greater capital efficiency.
Nodal Exchange offers cash-settled monthly futures, spreads, strips and cals for Henry Hub Last Day and Penultimate. If you would like to find out more about our Natural Gas offerings, please reach out to our account management team: accountmanagement@nodalexchange.com or 703-962-9820.
Upcoming Events
October 21-22
NODAL TRADER CONFERENCE: Nodal Exchange will be sponsoring and attending the S&P Global Platts Nodal Trader Conference in New York City on October 21-22, 2021. Our CEO, Paul Cusenza will present the keynote address and will also chair the event. For more information visit:
Nodal Trader Conference
Nodal in the news
September 2021
Strongest ever month! New records in power and environmental futures
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August 2021
Nodal and IncubEx launch ten first of their kind futures & options
Learn more
July 2021
Nodal Exchange named Exchange of the Year for third year in a row
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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.