Monday February 10 2020
News Source: Global Exchanges
Focus: Derivative Market Segment
On 6th February 2020, Nodal Exchange announced that it successfully completed the migration of the U.S. power futures and options contracts open interest from Nasdaq Futures, Inc. (NFX) to Nodal Clear, Nodal Exchange’s clearing house, pursuant to the agreement announced in November 2019 whereby Nodal purchased core assets of NFX’s futures and options exchange business. 91.2 million MWh were migrated to Nodal Exchange including 17.3 million MWh of options.
100% of the NFX North American power open interest was migrated to Nodal this morning (except for current month expiries by design).
NFX U.S. Natural Gas futures and options contracts are expected to migrate to Nodal Exchange and Nodal Clear by the end of March 2020.
Click on the above link for further information.