Nodal Clear, LLC, the clearing house subsidiary of Nodal Exchange, has
been named “Newcomer of the Year” by Energy Risk magazine at The Energy
Risk Awards 2016. Energy Risk Awards recognize excellence across global
energy and commodities markets.
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Nodal Clear commenced clearing Nodal Exchange contracts October 19, 2015
and serves as the central counterparty for all Nodal Exchange
transactions. Since the October 19th transition to Nodal Clear, trading
volumes on Nodal Exchange have risen significantly with Q4 2015 volumes
up 70% percent from Q3 2015. This growth continues into 2016 with Nodal
Exchange volumes from January to April 2016 up 116% compared to the same
time period in the previous year.
“Nodal Clear is honored to receive the Newcomer of the Year Award from
Energy Risk magazine,” said Paul Cusenza, Chief Executive Officer of
Nodal Exchange. “The successful transition to Nodal Clear was a
tremendous achievement and milestone for our organization and was made
possible only through the efforts and dedication of the employees of
Nodal Clear and Nodal Exchange and all those in our trading and clearing
community. We sincerely appreciate this support and are so pleased that
Energy Risk has acknowledged these accomplishments.”
Energy Risk presented the “Newcomer of the Year” award at a dinner in
Houston on May 17th.
About Nodal Clear, LLC
Nodal Clear, LLC, the clearing house for Nodal Exchange, commenced
clearing Nodal Exchange contracts on October 19, 2015. Nodal Clear
serves as the central counterparty for all Nodal Exchange transactions.
Nodal Clear’s strong risk management practices create a sound market
infrastructure for trading Nodal Exchange contracts. Nodal Clear employs
a tailored portfolio margining methodology that appropriately margins
Nodal Exchange contracts and provides capital efficiencies to market
participants. Nodal Clear is a registered derivatives clearing
organization and is regulated by the U.S. Commodity Futures Trading
Commission (CFTC). Nodal Clear, LLC is a wholly owned subsidiary of
Nodal Exchange, LLC.
About Nodal Exchange, LLC
Nodal Exchange is a derivatives exchange providing price, credit and
liquidity risk management solutions to participants in the North
American energy markets. Nodal Exchange is a leader in innovation,
having introduced the world’s largest set of electric power locational
(nodal) futures contracts. 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 a Henry Hub natural gas contract providing
cross-margining benefits with participant’s power portfolios. All Nodal
Exchange contracts are cleared by Nodal Clear. Nodal Exchange is a
designated contract market regulated by the CFTC. Nodal Exchange is an
independent, privately held company.
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Copyright Business Wire 2016
Source: Business Wire
(May 18, 2016 - 9:00 AM EDT)
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