Nodal Clear, LLC, the clearing house for Nodal Exchange, today announced that ED&F Man Capital Markets Inc. has been approved as a clearing member.
“We are delighted to welcome ED&F Man as a clearing member to Nodal Clear,” said Paul Cusenza, Chairman & CEO of Nodal Clear and Nodal Exchange. “Nodal Exchange has enjoyed significant growth in recent years, and we see this reflected in our growing community of clearing members and participants. As we continue to develop our core businesses and expand into new asset classes, we are pleased that ED&F Man will now offer its customers the ability to take advantage of Nodal Exchange’s robust trading and risk management services.”
Chris Smith, Global CEO of ED&F Man Capital Markets, commented, “ED&F Man Capital Markets is committed to providing its clients with access to the full suite of capital markets products and markets and are pleased to have become a clearing member of Nodal Exchange.”
Nodal Clear began clearing Nodal Exchange contracts on October 19, 2015. All transactions on Nodal Exchange are cleared through Nodal Clear.