Nodal Exchange and Innotap announced an agreement to leverage Nodal Exchange’s North American power and natural gas commodity data in Innotap's products. The first step in this collaboration is a release of Innotap's new Nodal Exchange app, which provides traders with real-time actionable insights using market data from the exchange. Users will be able to perform in-depth analysis on forward price curves and set up price alerts to notify them of changes in market prices for any outright or spread position.
“We are excited about Innotap’s Nodal Exchange app as we believe it will provide participants with valuable insights that allow them to trade more effectively on Nodal Exchange,” said Paul Cusenza, Chairman and Chief Executive Officer of Nodal Exchange. “We are very pleased that leading technology companies, like Innotap, continue to provide tools that add value to participants trading on Nodal Exchange.”
"Innotap provides realtime energy market data, analytics and intelligence delivery to traders' desktops, spreadsheets, and proprietary trading solutions. To merge Innotap's platform with Nodal Exchange is a perfect blending of technology and capabilities that will increase market liquidity and improve risk-reward decision making," said Ron Swartz, Founder and CEO of Innotap.