Nodal Exchange, LLC announced yesterday that UBS Securities, LLC, through its LCH.Clearnet Ltd membership, is now offering clients Clearing Member services for Nodal Exchange.
“Nodal Exchange is very happy to add UBS to the list of clearing members supporting customer business on Nodal Exchange,” said Ann Sacra, President and Chief Operating Officer of Nodal Exchange. “Since Nodal Exchange’s launch in April 2009, it has become a significant part of the North American power market, providing the most granular and diverse set of locations for trading of cleared power contracts in North America. We are very pleased that UBS will now offer its clients the ability to take advantage of the Exchange’s robust product offerings.”
“In response to growing interest in the market, we are proud to be able to offer our clients clearing services on Nodal Exchange to better meet their risk management needs,” said Mark Daniels, Managing Director and UBS’s US Head of Clearing and Execution.
