Power exchange to launch gas contract
New Nodal Exchange contract to increase options for power traders; anticipates future gas and renewables demand
Nodal Exchange plans to launch trading and clearing for a Henry Hub natural gas contract in the fourth quarter through its cleared over-the-counter trading platform.
The contract will allow Nodal Exchange participants to cross-margin their natural gas and power portfolios using value-at-risk margining. The exchange already offers locational (nodal) futures contracts for the organised North American power markets.
“I think this launch reflects a forward-looking attitude,” says Ron McNamara
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