WASHINGTON--(BUSINESS WIRE)--Nodal Exchange, LLC has introduced 40 new power futures contracts to support trading in Southwest Power Pool (SPP). The new contract offerings are based on 17 locations in SPP and one interface location between MISO and SPP. Nodal Exchange will offer monthly term day-ahead on-peak and off-peak contracts for all of these locations, as well as real time on-peak and off-peak contracts for the two SPP hubs (North Hub and South Hub). These are the first SPP futures contracts offered by Nodal Exchange and the first futures contracts to be offered by any exchange on 16 of the 18 new locations. The new contract locations are:
- SPP.BLKW
- SPP.EDDY
- SPP.ERCOTE
- SPP.ERCOTN
- SPP.LAM345
- SPP.MCWEST
- SPP.MISO
- SPP.OKGE.BALKO.WIND.1
- SPP.OKGEKEENANWIND
- SPP.OKGE_OKGE
- SPP.RCEAST
- SPP.SCSE
- SPP.SPPNORTH_HUB
- SPP.SPPSOUTH_HUB
- SPP.SPS_SPS
- SPP.WAUE
- SPP.WP_WR
- MISO.SWPP
“We are very pleased to be able to expand our offering into a new geography with the introduction of contracts to serve the SPP region,” said Paul Cusenza, Chairman and Chief Executive Officer of Nodal Exchange. “We look forward to continuing to offer new products that best meet the needs of the U.S. power market.”
About Nodal Exchange, LLC
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American energy markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers a Henry Hub natural gas contract providing cross-margining benefits with participant’s power portfolios. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC. Nodal Exchange is an independent, privately held company.
