Nodal Exchange achieved a new quarterly trading record in power futures with a total volume of 405 million MWh in Q1 2019 (notional value of $13 billion per side). This resulted in a 64% growth rate in Q1 2019 over Q1 2018 while the total industry market grew just 3%.
Nodal Exchange continues to improve its strong position in the North American monthly power futures markets with a record 32.9% market share of traded volume in Q1 2019 and a record 35.2% market share of open interest as of March 31, 2019 (642 million MWh).
These records follow Nodal Exchange’s extremely strong performance in 2018. Nodal Exchange achieved record annual power futures trading volume in 2018 with 1.039 billion MWh.
“As part of the EEX Group, we are very pleased with our strong performance in the first quarter of 2019 and are very grateful for the support of our participants, brokers, clearing members and service providers in achieving these results,” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear. “As the year progresses, we plan to continue to grow in energy and to expand our product portfolio as evidenced by our introduction of the world’s first trucking freight futures on March 29, 2019.”
