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- Nodal Exchange Achieves Record Growth in Power, Environmental, and Natural Gas Futures
Nodal Exchange Achieves Record Growth in Power, Environmental, and Natural Gas Futures
Slice of Finance Team
11 Jul
Key Highlights:
Record half-year power volume: 1.64 billion MWh traded, up 6% from H1 2023.
Environmental products volume up 65%: 271,884 lots in H1 2024.
Natural gas trading volume increased by 98%.
Source (Business Wire)
Notable Quote:
"Nodal Exchange is proud to serve these markets, and we are very pleased to see record growth across each of our markets in the first half of 2024. As the year progresses, we look forward to continuing to develop and offer innovative products that meet the evolving needs of our markets."
Our Take:
Nodal Exchange's performance in the first half of 2024 underscores its position as a leading power futures exchange in North America. The exchange's significant growth in power, environmental, and natural gas futures is a testament to its innovative approach and ability to meet market needs. The impressive increase in volume and open interest across various product groups, particularly in the environmental and renewable energy sectors, reflects the growing demand for sustainable and efficient market solutions. As Nodal continues to expand and introduce new products, it is well-positioned to maintain its leadership in the commodities market.