WASHINGTON--(BUSINESS WIRE)--Nodal Exchange, LLC has been named “Exchange of the Year” by Energy Risk magazine at The Energy Risk Awards 2017. Energy Risk Awards recognize excellence across global energy and commodities markets.
Nodal Exchange has become a significant part of the North American power market, obtaining 28% market share of all cleared North American power futures contracts, measured by open interest, as of March 31, 2017. In October 2015, Nodal Exchange transitioned clearing of all Nodal Exchange contracts to its new clearing house, Nodal Clear. Since this transition, trading volumes on Nodal Exchange have risen significantly with 2016 volumes up 97% percent from 2015 and Q1 2017 volumes up 76% from Q1 2016.
“Nodal Exchange is honored to receive the Exchange of the Year Award from Energy Risk magazine,” said Paul Cusenza, Chairman and Chief Executive Officer of Nodal Exchange. “Our achievements and growth are made possible only through the support of all those in our trading and clearing community, and we are so pleased that Energy Risk has acknowledged these accomplishments.”
Energy Risk presented the “Exchange of the Year” award at a dinner in Houston on May 9th.
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 part of the EEX Group.