J.P. Morgan now offering clearing services to clients trading on Nodal Exchange
Nodal Clear, LLC, the clearing house providing central counterparty clearing services for Nodal Exchange, announced today that J.P. Morgan is now offering clearing services to clients trading on Nodal Exchange.
J.P. Morgan is now able to provide client access to the Nodal Exchange power, gas, and environmental markets.
“As investor appetite in the ESG product segment grows and energy market volatility continues to drive hedging requirements, it is important to offer clients access to environmental and energy markets,” said Emma Richardson, Global Head of Futures and Derivatives Clearing at J.P. Morgan. “J.P. Morgan is excited to be supporting the Nodal Exchange suite of products and to expand our clearing offering across North American energy and environmental markets.”
“We are delighted that J.P. Morgan is providing clearing services to Nodal Exchange markets,” said Paul Cusenza, Chairman & CEO of Nodal Clear. “Nodal continues to grow, and we see this reflected in our growing community of clearing members and participants. Nodal Exchange plays a critical role in providing deep liquidity to the markets we serve and adding J.P. Morgan as a client clearing provider helps support market growth and liquidity.”