Nodal Exchange and LCH.Clearnet Ltd extended expiries on 42 locations, 84 peak and off-peak contracts, are available for trading. The locations, which are all hubs and zones offered in Nodal Exchanges daily auction, can now be traded out to 30 months.
Launched in April 2009, Nodal Exchange has successfully been trading across four market locations: ISO-NE (ISO New England), NYISO (New York ISO), PJM (PJM Interconnection), and MISO (Midwest Independent Transmission System Operator). Nodal Exchange trading is occurring on hubs, zones and nodes and through both the daily auction as well as brokers.
We are very pleased with performance in these early months, says Paul Cusenza, chief executive officer of Nodal Exchange. The enthusiasm for and growing participation in Nodal Exchange reflect the strong market demand for our exchange, and we believe that this expiry extension demonstrates our dedication to quickly meeting the needs of this marketplace.
This extension to the offering highlights the excellent progress made since we launched the service in April this year and we are delighted to be part of this key market with Nodal Exchange, says Roger Liddell, chief executive, LCH.Clearnet.
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