Nodal Exchange and OPIS Partner to Launch New Environmental Market Contracts with Cooperation from IncubEx

NEW YORK & WASHINGTON — Nodal Exchange and OPIS, a Dow Jones company, today announced the launch of new financially settled futures and options contracts based on OPIS daily price assessments, developed in cooperation with IncubEx.

The new products strengthen the connection between OPIS market intelligence and Nodal Exchange’s listed environmental market suite, providing commercial and financial market participants—including energy companies, commodity trading firms, banks, hedge funds and asset managers—with capital-efficient tools to manage risk in North American carbon and renewable fuel markets. The new product offering includes:

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This launch represents a significant industry milestone, as it marks the first time a futures exchange has partnered with a Price Reporting Agency (PRA) to list a PRA-settled financial contract for North American carbon markets. By combining OPIS price assessments with Nodal Exchange’s listed derivatives platform, these contracts offer participants a distinct competitive advantage in managing market exposure, providing price risk management, greater flexibility—including portfolio margining and futures-style margining on options—and contract design optimized for spread trading.

“The new contracts complement and expand the existing environmental product suite on Nodal,” said Paul Cusenza, Chairman & CEO of Nodal Exchange . “We are proud to work with IncubEx and OPIS to create contracts that meet the evolving needs of our market participants.”

“Transparency is the cornerstone of efficient environmental markets. By pairing OPIS’s rigorous, independent price assessments with Nodal’s contract settlement, we are providing participants with the reliable data and execution they need to hedge their exposure effectively,” said Sarah Cottle, EVP & GM of Dow Jones Energy . “This partnership with Nodal Exchange delivers the precision and risk-management efficiency that our customers require to navigate the volatility and evolving landscape of North American carbon and renewable fuel markets.”

“We’re excited to work with OPIS and Nodal to expand the breadth of environmental futures contracts, as these products are increasingly requested by the core traders and brokers in environmental markets,” said Dan Scarbrough, IncubEx CEO . “The product expansion and growth in liquidity of financially settled environmental futures contracts referenced to trusted price reporting agencies such as OPIS demonstrate the evolution of environmental commodities as an asset consistent with energy and broader commodity markets.”

Nodal Exchange offers a broad suite of environmental contracts, with more than 125 futures and options.

Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and the world’s largest set of environmental contracts.