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Nodal Exchange Named “Commodity Exchange Of The Year” By Energy Risk

Date 15/05/2019

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.

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 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.