Nodal Exchange Named “Commodity Exchange of the Year” by Energy Risk
WASHINGTON--(BUSINESS WIRE)--May 15, 2019--
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 14 th.
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.
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CONTACT: Nodal Exchange Public Relations
KEYWORD: UNITED STATES NORTH AMERICA CANADA DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES PROFESSIONAL SERVICES BANKING FINANCE ENVIRONMENT
SOURCE: Nodal Exchange
Copyright Business Wire 2019.
PUB: 05/15/2019 09:00 AM/DISC: 05/15/2019 09:01 AM