RIN Futures on Nodal Exchange

Everything you need to know about RIN futures on Nodal Exchange from contract basics, options available to trade RINs and the benefits of trading on Nodal.

RIN Contract Basics

Nodal lists D3, D4, D5 and D6 futures and options contracts.
Each has the following contract elements:

    • Physically delivered RIN contracts
    • Contract Size: 10,000 RINs
    • Minimum Tick Value: $0.0001 per credit
    • Contract Series: Monthly contracts beginning with December 2020 through Dec-2021; Annual December contracts through 2025
    • Physical Delivery: via EMTS on last business day of the contract month
    • Block Trade Minimum Size: 5 lots (50,000 RINs)
    • Options Available: 1×1 to Futures
    • Options Tick Value: $0.0001 per credit

All Nodal Members are eligible to trade RIN futures. For those Nodal Members who wish to engage in physical delivery of RIN futures, deliverers (i.e. sellers in delivery) must meet the eligibility criteria established in the application to deliver.

Trading RINs on Nodal Exchange

THERE ARE SEVERAL OPTIONS AVAILABLE FOR TRADING ON NODAL

EXCHANGE.

Through a Broker

32 brokerage shops are set up on Nodal and give you access to markets not on the screen

On a Front-End Trading Platform

Nodal offers several trading screens to participants at no additional cost, including CQG, Trayport, and Trading Technologies

Direct Entry by Nodal

Deals can be entered directly between counterparties by emailing the trade details to blocktrade@nodalexchange.com

Benefits of Trading RINs on Nodal

  • No Counterparty Credit Risk, cleared through Nodal Clear
  • Standardized Contracts for All D Codes
  • No individualized counterparty agreements and negotiations
  • Standardized List of Eligible Generation Facilities – One eligible list for each D code
  • Low Transaction Costs – Low trading fees, no data, membership or screen access fees
  • Efficient Delivery Process
  • Capital Efficiencies of Trading Futures – margin and letter of credit for margin requirements
  • Growing Suite of Complementary Products – RINs, CA LCFS, OR CFP, CA Carbon Allowances
  • No Counterparty Credit Risk, cleared through Nodal Clear
  • Standardized Contracts for All D Codes
  • No individualized counterparty agreements and negotiations
  • Standardized List of Eligible Generation Facilities – One eligible list for each D code
  • Low Transaction Costs – Low trading fees, no data, membership or screen access fees
  • Efficient Delivery Process
  • Capital Efficiencies of Trading Futures – margin and letter of credit for margin requirements
  • Growing Suite of Complementary Products – RINs, CA LCFS, OR CFP, CA Carbon Allowances

ADDITIONAL RESOURCES

PDF

RIN Products
Overview

Webpage

RIN Markets
Background

Webpage

California LCFS Market
Background

Webpage

LCFS Programs
Overview Page

Webpage

California LCFS Program
History Page

Webpage

California LCFS Product
Overview

This page is for illustrative purposes only. For official contract and trading information, please visit Nodal Exchange