The arrangement will see LCH.Clearnet provide central counterparty (CCP) services to a screen-traded nodal auction market as well as OTC broker-matched trades.
Key features will include VaR margining methodology at LCH.Clearnet, along with a new engine at Nodal Exchange to deliver trade optimization to market participants.
There are more than 15,000 distinct price locations (nodes) in the organized North American wholesale electric markets. According to Nodal, over 8,900 terawatts were trad
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