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Article: Nodal Exchange and LCH.Clearnet Ltd Extend Expiries to 4 Years for All 72 Locations Offered in the Daily Auctions.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Nodal Exchange, LLC and LCH.Clearnet Ltd announced that they have extended expiries to include current month plus 48 months forward on 144 peak and off-peak contracts settling at 72 locations. These contract locations include all of the hubs and zones currently offered in Nodal Exchange's daily auction. In October, Nodal Exchange and LCH.Clearnet began offering contracts trading in the current month plus 32 months forward for these same 72 locations. In less than 7 months, Nodal Exchange and LCH.Clearnet Ltd have introduced 5,184 new tradable expiries in response to market demand.
Roger Liddell, Chief Executive Officer, LCH.Clearnet said: "As participation and ...