The North American energy and environmental markets are rapidly evolving, with growing demand for accurate pricing, efficient risk management, and scalable infrastructure. Nodal Exchange has emerged as a key player in this space, offering a wide range of futures and options contracts for power, natural gas, and environmental products.
For trading firms, brokers, and energy market participants, the ability to integrate seamlessly with exchanges like Nodal is a critical part of day-to-day operations. That’s where OnixS comes in. Our FIX-based Trade Capture Handler SDKs provide a production-ready, certified solution for connecting to the Nodal Exchange Trade Capture API – streamlining trade processing and enhancing operational accuracy.
This blog provides an overview of Nodal Exchange’s product coverage and explains how OnixS supports participants with pre-built software that enables fast, low-latency integration.
Nodal Exchange products
Nodal Exchange is a US-based derivatives exchange that offers more than 1,000 power contracts and over 120 environmental futures and options products. It’s known for its innovation in locational (nodal) pricing, offering market participants the ability to manage basis risk with high precision.
Key product categories include:
- Electric power contracts: Over 1,000 contracts linked to hundreds of unique delivery locations.
- Environmental markets: 70 distinct markets with more than 120 contracts for renewable energy certificates (RECs), carbon allowances, and related instruments. Nodal currently offers the largest environmental derivatives offering in the world.
- Natural gas: Monthly futures and penultimate futures and options on the Henry Hub market, with support for 2,500 and 10,000 MMBTU lot sizes.
All trades executed on Nodal Exchange are cleared through Nodal Clear, using a portfolio margining approach that enhances capital efficiency while managing risk.
Why FIX Trade Capture matters
Capturing trade data reliably and in real-time is essential for accurate position management, compliance, and post-trade reporting. Manual processing introduces latency and errors that many firms can no longer tolerate.
Nodal Exchange offers a FIX-based Trade Capture API designed to feed executed trade details directly into Energy Trading and Risk Management (ETRM) systems. This enables a fully automated back-office workflow and reduces operational risk.
To ensure firms can take advantage of this connectivity, Nodal Exchange maintains a list of certified trade capture vendors. OnixS is proud to be one of those vendors.
OnixS integration: directConnect for Nodal Exchange
The OnixS directConnect: Nodal Exchange FIX Trade Capture Handler SDK is a certified and packaged software toolkit built specifically for fast, reliable integration with the Nodal Exchange Trade Capture API.
Key benefits include:
- Certified by Nodal Exchange: Ensures compliance with exchange specifications.
- Production-ready: Pre-tested, maintained, and supported for live use.
- Includes developer samples: Speeds up implementation with ready-to-use C++, .NET, and Java examples.
- Cross-platform support: Available for Windows, Linux, .NET Framework/Core, and Java environments.
This SDK includes the OnixS FIX Engine and a reference implementation for trade capture clients, enabling firms to jump-start development and testing.
With easy-to-consume APIs and low-latency design, the OnixS directConnect SDK makes it possible to accelerate integration projects, reduce internal development overhead, and go live faster with a reliable and tested solution.
Need to integrate with Nodal Exchange?
Get in touch to learn how our certified SDKs can simplify your connection to the Nodal Exchange FIX Trade Capture API. A free 30-day evaluation is available to help you test integration in your environment.
