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Nodal Exchange Achieves New Trading Records in Power Futures with Strongest Month Ever

 March 4, 2019 - 8:52 AM EST

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Nodal Exchange Achieves New Trading Records in Power Futures with Strongest Month Ever

WASHINGTON

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.

Nodal Exchange Public Relations
Nicole Ricard
Phone :
703-962-9816
E-mail : ricard@nodalexchange.com

Source: Business Wire
(March 4, 2019 - 8:52 AM EST)

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