Nodal CEO Paul Cusenza explains how Nodal is growing as part of the EEX family

Apr 6, 2023

John Lothian

John Lothian

Executive Chairman and CEO

Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear, was interviewed by John Lothian News at the FIA International Futures Conference in Boca Raton, FL., about Nodal’s growth from a start-up in 2009 and the ways it operates as a clearing house and collaborator to introduce products. Cusenza discussed the interconnected markets of natural gas and electric power, and how geopolitical forces and the weather are shaping those markets, making Nodal Exchange’s risk management role important. He said it’s nice to be part of the EEX family of markets vs. being a start-up and there’s a great benefit to sharing knowledge with other companies. He also talked about the new clearing relationship with Coinbase derivatives exchange, where Nodal’s risk management skills are key. Anyone starting an exchange can contact Nodal for clearing services, but Nodal also simply collaborates with clients, he said. A recent example is environmental markets, where Nodal is working with IncubEx, the pioneers who created the Climate Exchange. IncubEx members, through their collaboration, act as Nodal’s team and work closely with clients. 

Here are the questions we asked Cusenza:

  1. What is happening in the power markets?
  2. How does Nodal Exchange fit into EEX? 
  3. You clear Coinbase, what is that relationship like?
  4. What other exchanges reach out to you?

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