“The NFX Natural Gas migration is important to Nodal Exchange as we look to grow our natural gas business,” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear. “These are challenging times with the current pandemic, and I would very much like to thank our customers for supporting this initiative.“ Nodal Exchange has a 49% market share of U.S. power futures open interest with about 980 million
MWh of open interest.
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, environmental, and trucking freight 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