Nodal Exchange and IncubEx today announced the successful launch of eight new Renewable Identification Number (RIN) futures and options contracts, plus seven new Renewable Energy Certificate (REC) contracts.
The 15 new contracts, listed only on Nodal Exchange, add to the largest set of environmental products offered in the world.
Please find attached the press release that we issued this morning announcing these new products.
About IncubEx
IncubEx is an incubator for exchange traded products, services, and technology solutions. At its core, IncubEx is a product and business development firm. The company works in conjunction with its global exchange partner, European Energy Exchange (EEX), Nodal Exchange and other leading service providers and stakeholders to design and develop new financial products in global environmental, reinsurance, and related commodity markets. The company has a specific focus on innovation and continuous improvement of products and services, including technology, trading solutions, and operational efficiencies. The IncubEx team is led by former key Climate Exchange executives and is uniquely positioned to capture Press Release Page3 ©EEX AG, Nodal – part of eex group, IncubEX these opportunities with its partners. The company was founded in 2016 and currently has offices in Chicago and London.
About Nodal
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 and environmental 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.
Contact:
Nodal Exchange Public Relations Nicole Ricard
Phone : 703-962-9816
E-mail : ricard@nodalexchange.com