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EEX Peter Reitz

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EEX and IncubEx extend partnership to North America,

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European Energy Exchange (EEX) and IncubEX have expanded their partnership into North America via EEX Group’s US-based platform Nodal Exchange.  

The global cooperation agreement between EEX and IncubEx, which started in August 2017, aims to build and improve liquidity in environmental and other contracts globally.
 
IncubEx will work with Nodal Exchange and Nodal Clear to launch a broad suite of North American environmental contracts in the second half of 2018. These contracts will be listed and cleared alongside Nodal’s existing portfolio of energy products.
 
Nodal has established itself as a leader in innovation, offering over one thousand futures and options contracts on hundreds of unique locations within the electricity markets, providing the most effective basis risk management available to market participants.
 
Paul Cusenza, CEO of Nodal Exchange, says: “We’re delighted to be working with IncubEx on the introduction of environmental contracts to our market participants. These new products are fully complementary and a very useful addition to Nodal’s core business. Our cooperation with Incubex in the fields of product development, marketing, and sales will help us continue to meet the needs of our growing and evolving markets.”
 
Dan Scarbrough, President & COO of IncubEx, says: “Nodal has established a strong presence in North American energy markets through innovation and a focus on their customers. We are excited to work with them to build upon this success and further expand their product offering into environmental markets.”
 
Peter Reitz (pictured), CEO of EEX, says: “In the past months, we’ve successfully worked together with IncubEx to promote our environmental market segment in Europe. The partnership made an important contribution to the recent growth in volume and open interest. We’re excited to expand our offering to North America this year which further strengthens EEX Group’s global presence.”
 
Neil Eckert, Chairman of IncubEx, says: “The North American market is set to become the world’s largest traded environmental market. This development is a key step forward in executing on our strategy of developing a presence across global environmental and weather markets.”

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