Nodal Clear announced June that Nanhua USA, a subsidiary of Hengdian Group’s financial futures company Nanhua Futures, is now offering clearing services on Nodal Exchange, a leading derivatives exchange in North American commodities markets, and Coinbase Derivatives.
This makes Nanhua USA the first and only Chinese futures firm able to both trade and clear related products listed on Nodal Exchange.
Trading rights on Nodal Exchange and clearing eligibility at Nodal Clear together provide investors with an integrated “trading plus clearing” solution in the U.S. power and energy markets. Nodal Exchange focuses on North American power, natural gas and environmental derivatives, offering over 1,000 location-specific contracts and holding a 56% share of the U.S. electricity futures market.
Nodal Exchange also provides access to renewable energy certificates (RECs) and carbon credits, while Nodal Clear gives Nanhua trading eligibility for derivatives listed on Coinbase Derivatives, which offers traditional futures contracts for cryptocurrencies and commodities, as well as U.S. perpetual-style futures. Select contracts include highly liquid nano Bitcoin (BIT) and nano Ethereum (ET) futures in addition to institutional and nano-sized contracts for Solana (SOL) and XRP. These offerings are all available 24/7 in a CFTC-regulated environment, allowing for precise risk management and global market access.
According to a press release by Nodal Clear, “Becoming a clearing member of Nodal Clear represents an important milestone in Nanhua USA’s growth strategy,” said Yujie Wang, Chief Executive Officer of Nanhua USA LLC. “The addition of Nodal Exchange and Coinbase Derivatives products further strengthens our clearing offering and broadens the range of markets available to our clients. We look forward to providing our clients with efficient access to these markets through Nodal Clear’s trusted clearing infrastructure.”
“We are pleased to welcome Nanhua USA as a new clearing member of Nodal Clear,” said Demetri Karousos, CEO of Nodal Clear. “Through this relationship, Nanhua USA clients can now efficiently access the full suite of Nodal Exchange and Coinbase Derivatives contracts while benefitting from Nodal Clear’s robust risk management practices.”
This membership allows Nanhua to participate in innovative businesses such as crypto asset derivatives and index products, as well as near real-time margin top-up services, significantly boosting capital efficiency going forward.
Since its founding in 1996, Nanhua Futures has established a full-license framework for its multinational operations, covering memberships at 19 major global exchanges and clearing qualifications with 15 core clearinghouses.
Nanhua Futures’ wide-ranging license coverage and professional service capabilities rank it among the top tier of Chinese futures firms. It provides uninterrupted 24/7 service across all time zones in the four key international financial hubs, Hong Kong, London, Chicago and Singapore.