About Nodal Clear
Nodal Clear, LLC, the clearing house for Nodal Exchange, commenced clearing Nodal Exchange contracts on October 19, 2015. As part of EEX Group, a group of companies serving international commodity markets, Nodal Clear serves as the central counterparty for all Nodal Exchange transactions. Nodal Clear’s strong risk management practices create a sound market infrastructure for trading Nodal Exchange contracts. Nodal Clear employs a tailored portfolio margining methodology that appropriately margins Nodal Exchange contracts and provides capital efficiencies to market participants. Nodal Clear is a derivatives clearing organization (DCO) regulated by the U.S. Commodity Futures Trading Commission (CFTC). Nodal Clear is a wholly owned subsidiary of Nodal Exchange, LLC.
In order to trade on EEX Group markets, companies need to complete the admission process at the respective market place. Proper settlement and collateralisation of transactions require the recognition as a trading participant by the respective clearing house – ECC for Europe and Nodal Clear for US markets.
EEX Group provides multiple connectivity options to access its markets via a number of “front-ends”. Each access type is designed for simplicity and compatibility with the Trayport systems or in-house solutions. Depending on the individual requirements, customers can select the right solution from various front-end alternatives. Connection is possible via VPN, internet or leased line according to your individual requirements.
Secured clearing and settlement of all transactions is provided by our clearing houses European Commodity Clearing (ECC) and Nodal Clear in the USA. Our clearing houses assume clearing as well as physical and financial settlement of transactions concluded and registered for clearing on all partner exchanges. The Range of clearing and settlement services comprises physical settlement, financial settlement and invoicing for transactions.
Regulatory Reporting Services
EEX Group supports its clients in fulfilling their transparency and reporting obligations which arise in the framework of the regulations MiFID II, MIFIR, REMIT, MAR, EMIR and Transparency Regulation.