Deutsche Börse announces partnership with Nodal Exchange, a leading North American commodity derivatives exchange that is part of the EEX Group.
As part of this partnership, Deutsche Börse will provide access to a wide range of futures and options data on the US energy and environmental markets through its proven data platform and vendor network.
This offering will include major energy hubs across the United States, as well as renewable energy certificates, carbon allowances, voluntary carbon credits and renewable fuel credits. Across more than 70 environmental markets, the Nodal Exchange offers the largest pool of environmental futures and options in the world and holds the largest share of open interest in the US energy futures markets.
This partnership will make Nodal Exchange’s real-time and end-of-day market data available to a wider audience and meet market participants’ demand to receive data through established channel partnerships. Deutsche Börse will act as an additional licensor of Nodal’s information products that may be licensed under the Deutsche Börse Market Data Dissemination Agreement.
The Nodal Exchange will also make real-time market data available through Deutsche Börse’s direct CEF Core data feed. The integration of Nodal’s market data into Deutsche Börse’s CEF Core data feed ensures efficient and cost-effective access for subscribers.
The partnership is scheduled to go live on May 1, 2024, marking a significant step forward in improving accessibility and efficiency in commodity derivatives trading.
“Our partnership with Nodal represents an important milestone for us and our clients as it allows us to further expand our wide range of premium market data,” said Alireza Dorfard, Head of Market Data + Services at Deutsche Börse.
“Nodal Exchange is pleased to partner with Deutsche Börse to provide access to Nodal market data to an expanded audience of market participants worldwide,” said Paul Cusenza, President and CEO of Nodal Exchange. “We are pleased to be able to expand access to better support global energy and environmental markets.”