Exchange of the Year: Nodal Exchange

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When it comes to commodity exchanges, Nodal Exchange is not a household name. But within US power markets, it has gained notable recognition in its brief history as a company.

Trading electricity has always been a tricky proposition compared to the trading of other energy commodities, as the impossibility of large-scale power storage and the physical limitations around transmission mean there is greater volatility and more locational basis risk. Nodal wins our Exchange of the Year award for its

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