New REC Futures boost trading volume on Nodal
IncubEx and Nodal Exchange broke new ground with the launch of additional Renewable Energy Certificate (REC) futures for North America, all of which were listed for the first time ever on an exchange. Nodal also posted a record volume day and open interest record in July. Nearly a dozen new REC futures were launched on May 31, 2019 including three new futures contracts, were we already recorded first trading activities:
- Connecticut Class II
- New Hampshire Class I
- District of Columbia Solar RECs.
These new products boosted trading volumes on Nodal, resulting in a record trading day of 3,900 futures on July 30. Open interest for the environmental contracts topped 30,000 contracts on July 19. Finally, Nodal posted a record delivery of 2,300 contracts in July as well.
Get more details on the new REC products