Nodal Exchange has been named “Commodity Exchange of the Year” by Energy
Risk magazine at the Energy Risk Awards 2019. Energy Risk Awards
recognize excellence across global energy and commodities markets.
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As part of EEX Group, Nodal Exchange has established its strong position
in the North American monthly power futures market with 39% market share
of traded volume in April 2019 (up from 21% a year ago) and 37% market
share of open interest as of April 30, 2019 (up from 29% a year ago).
Nodal Exchange has recently extended its product offering beyond power
and gas for the first time, with the introduction of emissions and
environmental products for the North American market in November of 2018
and the world’s first freight futures contracts in March 2019.
“Nodal Exchange is honored to receive the Commodity Exchange of the Year
Award from Energy Risk,” said Paul Cusenza, Chairman and CEO of Nodal
Exchange. “Our achievements and growth are made possible only through
the efforts of our employees and the support of our trading and clearing
community which includes trading participants, brokers, clearing
members, settlement banks, and industry suppliers, and we are pleased
that Energy Risk has recognized these accomplishments.”
Energy Risk presented the “Commodity Exchange of the Year” award at a
dinner in Houston on May 14th.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190515005072/en/
Copyright Business Wire 2019
Source: Business Wire
(May 15, 2019 - 9:00 AM EDT)
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