Nodal Exchange Announces Launch of Power Hourly Futures Contracts

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Postmedia has not reviewed the content. by Business Wire Nodal Exchange Announces Launch of Power Hourly Futures ContractsAuthor of the article:THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountWASHINGTON — Nodal Exchange announced today the launch of 168 new power hourly futures contracts available across 7 locations, including:ERCOT.HB_NORTHERCOT.HB_SOUTHERCOT.HB_WESTERCOT.HB_HOUSTONPJM.WESTERN HUBPJM.AEP-DAYTON HUBPJM.N ILLINOIS HUBFor each location, there are 24 contracts available representing a single hour of the day, with the next 5 days of expiries available for trading. These new power contracts allow participants to manage real-time positions, hour-by-hour, directly on Nodal and are the first hourly futures contracts to be offered by Nodal Exchange.This announcement follows the launch earlier this year of power daily futures and late last year of Nodal Exchange’s new web-based, electronic trading platform, Nodal AccessSM. The platform provides users with a secure and flexible system to execute screen-based trades across all of Nodal Exchange’s asset classes.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“The introduction of hourly power futures contracts allows market participants to hedge intraday power prices, which is especially valuable for those impacted by rising battery usage,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “We remain committed to creating and delivering innovative products that meet the evolving demands of the markets we serve.”The new hourly power futures contracts, offered alongside Nodal’s existing daily and monthly contracts, extend its offering of the largest set of electric power futures and options contracts in the world. Nodal Exchange is the market leader in North American power futures having the majority share of the open interest with 1.5 billion MWh as of the end of July 2026.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 and the world’s largest set of environmental 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 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. www.nodalexchange.comView source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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