Nodal Exchange, LLC introduced seven new Henry Hub natural gas contracts today. These contracts represent a significant expansion of Nodal Exchange’s natural gas products suite and the first natural gas options contracts to be offered by Nodal Exchange.
The following new contracts are now listed on Nodal Exchange:
- Henry Hub 2.5K monthly Last Day Futures
- Henry Hub 2.5K per day Last Day Futures
- Henry Hub 2.5K monthly Penultimate Futures
- Henry Hub 2.5K monthly Penultimate Options
- Henry Hub 10K monthly Last Day Futures
- Henry Hub 10K monthly Penultimate Futures
- Henry Hub 10K monthly Penultimate Options
About 35% of the power generated in the United States is from natural gas and it has a significant impact on the price of power as natural gas fueled power generation is effective in meeting rapid supply and demand changes in the network. Natural gas futures and options are an important complement to the power futures and options listed by Nodal Exchange. Participants will also benefit from significant capital efficiency improvements through the cross-margining of power and natural gas using Nodal Exchange contracts.
“Nodal Exchange recently achieved a record 41% market share of open interest of U.S. monthly power futures volume,” said Paul Cusenza, Chairman and Chief Executive Officer of Nodal Exchange. “We are very happy to be able to announce the growth in our natural gas product suite to complement our strong position in power, and we look forward to continuing to expand our product offerings to best meet the hedging needs of the U.S. energy markets.”
