WASHINGTON--(BUSINESS WIRE)--Nodal Exchange, LLC has been shortlisted for two industry awards: the FOW International Awards 2014 “Exchange of the Year – US and Canada” and the Commodity Business Awards 2014 global “Exchange of the Year.”
“Nodal Exchange is very honored to be shortlisted for these prestigious industry awards,” said Paul Cusenza, Chairman and Chief Executive Officer of Nodal Exchange. “Nodal Exchange has grown significantly and has obtained a market share of about 25% of all cleared North American power futures contracts open interest. Our exceptional growth has been made possible thanks to the tremendous efforts and dedication of the employees of Nodal Exchange and the many constituents that help make Nodal Exchange a thriving marketplace. We are very pleased to be recognized for these achievements.”
The FOW International Awards are designed to recognize the pioneers of the global derivatives market across a range of categories and disciplines.
The Commodity Business Awards reward excellence throughout the commodity supply chain - in trading, risk management, structuring, finance, research, advisory, logistics, legal, and specialist technology.
Winners of these awards will be announced at events this December in London.
About Nodal Exchange, LLC
Nodal Exchange is the first commodities exchange dedicated to offering locational (nodal) futures contracts and related services to participants in the organized North American electric power markets. Nodal Exchange offers contracts for both power and natural gas. Nodal Exchange builds on the success of the existing Regional Transmission Organization/Independent System Operator (RTO/ISO) Day Ahead and Real Time markets by offering cash-settled futures contracts in a cleared market enabling Nodal Exchange participants to effectively manage basis and credit risk. Nodal Exchange offers over 1,000 contracts on hundreds of unique locations in the RTO/ISO markets. Nodal Exchange is a designated contract market regulated by the CFTC with all contracts cleared by LCH.Clearnet Ltd. Nodal Exchange is an independent, privately held company. For more information, visit www.nodalexchange.com.