Nodal Exchange continues to improve its strong position in the North American power futures markets and currently has the majority of the market with over 1 billion MWh of open interest. Nodal Exchange traded volume grew by 79% in 2019 and 27% over the first four months of 2020.
In addition, Nodal, working with its collaborator IncubEx, set a new record in U.S. environmental futures open interest with 68,874 lots and 7.4% market share at the end of April. Environmental open interest grew 230% year over year in April. Nodal has the broadest set of environmental contracts of any futures exchange in the world. Nodal also achieved a record 1.34% market share of U.S. natural gas futures and options open interest as of end of April.
Nodal Exchange migrated natural gas futures and options contracts open interest from Nasdaq Futures, Inc. (NFX) to Nodal Clear, Nodal Exchange’s clearing house, in April. 1,397,115,000 million British Thermal Units (MMBtu) or 160,000 natural gas lots were migrated to Nodal Exchange in April.