On Tuesday, February 9, 2021, Nodal Exchange achieved a new daily trading record in power futures with a total traded volume of 56.2 million MWh which is equivalent to the electricity that 5.3 million homes would consume in a year in the USA. This surpasses the previous daily trading record of 42.0 million MWh from February 4th, 2020.
This record follows Nodal Exchange’s stong performance in 2020 achieving over 1 billion MWh of open interest as of December 31, 2020 representing over $55 billion of notional value (both sides.) This represents 11% growth from the prior year while the industry declined 1%. Nodal holds the majority of US power futures open interest with over 50% market share.
“I am excited by Nodal’s record day in power yesterday, which was accompanied by significant environmental and natural gas trading,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “As the year progresses, we look forward to continued growth in all the markets we serve and appreciate the support of our trading community.”
