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Nodal Exchange and IncubEx Announce the Launch of North American Environmental Contracts

Nov 16, 2018 | Press Release

Nodal Exchange and IncubEx are pleased to announce the successful launch of their first tranche of North American Environmental contracts today.

The new contracts, which mark the expansion of Nodal Exchange’s products into the environmental markets sector, include futures and options on: California Carbon Allowances, Regional Greenhouse Gas Initiative Allowances (RGGI), New Jersey Solar Renewable Energy Certificates, PJM Tri-Qualified Renewable Energy Certificates and 11 other emissions and renewable contracts.

“We are very pleased to be working with IncubEx to expand our product set and to offer environmental contracts to meet the needs of these markets,” said Paul Cusenza, Chairman and Chief Executive Officer of Nodal Exchange.

“We’ve worked hard with Nodal Exchange and our customers to develop and launch this comprehensive suite of environmental products,” said Dan Scarbrough, IncubEx President and COO. “The launch is a proud moment for IncubEx and Nodal. And going forward, we’re dedicated to working with customers, getting their valuable feedback and building these markets together.”

All environmental contracts are listed and cleared on Nodal Clear, alongside more than 1,000 futures and options contracts on hundreds of unique locations within the North American power markets.

Nodal Exchange, as part of EEX Group, is utilizing the T7 trading platform developed by Deutsche Börse. The new platform offers a feature-rich front-end system provided by CQG, for efficient exchange-based trade execution. Existing Nodal Exchange participants and authorized brokers can also submit negotiated block trades for clearing by Nodal Clear.

Nodal Exchange also provides the most effective basis and credit risk management available to market participants. Through its clearinghouse, participants also can benefit from Nodal Clear’s portfolio margining offering.

Nodal’s entry into the environmental markets sector also augments carbon and renewable contracts listed by EEX. IncubEx, which serves as the global exchange partner to EEX, has established significant market share in the primary and secondary markets of the European Union Emissions Trading Scheme (EU ETS). Under the cooperation agreement, EEX and IncubEx have joined forces in product development, marketing and sales to ensure close customer contact and support market growth.

About IncubEx

IncubEx is an incubator for products, services and technology solutions in environmental markets with partners and stakeholders to design and develop new financial markets, technologies and trading solutions in global environmental, climate risk, and related commodity markets. IncubEx serves as the operator of The Voluntary Climate Marketplace (TVCM). The company also works in conjunction with its global exchange partner, European Energy Exchange (EEX) and its U.S. subsidiary, Nodal Exchange. The IncubEx team is led by former key executives from Climate Exchange, which pioneered exchange listed environmental futures and options contracts and CCX, the world’s first and only voluntary, but legally binding greenhouse gas emission reduction and trading program. IncubEx, a privately held company founded in 2016 with offices in Chicago and London, is uniquely positioned to capture these opportunities globally with its partners. For more information, please visit https://theincubex.com/.

About Nodal Exchange

Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and the world’s largest set of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, 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 natural gas and environmental contracts. 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. For more information, please visit www.nodalexchange.com.

Contact Details

IncubEx Public Relations
+1 (312) 464-9801 (Chicago)
+44 (0) 203 965 2000 (London)
press@theincubex.com
www.theincubex.com

or

Nodal Exchange Public Relations
Nicole Ricard, 703-962-9816
ricard@nodalexchange.com
www.nodalexchange.com

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