WASHINGTON--(BUSINESS WIRE)--Nodal Exchange set a new record in power futures open interest in June with 1,052 TWh of power futures open interest. Nodal Exchange has the majority of power futures open interest in the United States including a record 59% in the PJM market.
Nodal Exchange also set a new record in natural gas futures traded volume in June with 8.1 TWh, exceeding the record from the previous month of 3.5 TWh.
Nodal Exchange set new open interest records in environmental futures contracts with 7.7% market share and 71,893 lots at the end of June which is up 167% from the prior year.
“Nodal Exchange is proud to see continued growth in our power, natural gas and environmental futures markets and very much appreciates the support of our trading and clearing community,” said Paul Cusenza, Chairman and CEO of Nodal Exchange.
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.