Nodal Exchange Announces Launch of 40 New Power Futures Contracts to Serve Participants in the SPP Market
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.
“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.”