EEX and IncubEx Extend Partnership to North America, Nodal Exchange to List Environmental Products

LEIPZIG, Germany & WASHINGTON & CHICAGO–(BUSINESS WIRE)–European Energy Exchange (EEX) and IncubEx are pleased to announce the
expansion of 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, said: “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, said: “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, CEO of EEX, said: “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, said: “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.”

About EEX

The European Energy Exchange (EEX) is the leading energy exchange in
Europe which develops, operates and connects secure, liquid and
transparent markets for energy and related products. As part of EEX
Group, a group of companies serving international commodity markets, EEX
offers contracts on Power and Emission Allowances as well as Freight and
Agricultural Products.

EEX Group consists of the following companies: European Energy Exchange
(EEX), the European Power Exchange (EPEX SPOT), Powernext, Cleartrade
Exchange, Power Exchange Central Europe (PXE), Gaspoint Nordic, Nodal
Exchange and the clearing companies European Commodity Clearing (ECC)
and Nodal Clear. EEX Group is based in 16 worldwide locations and is
part of Deutsche Börse Group.

About IncubEx

IncubEx is an incubator for exchange traded products, services, and
technology solutions. At its core, IncubEx is a product and business
development firm. The company works in conjunction with its global
exchange partner, European Energy Exchange (EEX) and other leading
service providers and stakeholders to design and develop new financial
products in global environmental, reinsurance, and related commodity
markets. The company has a specific focus on innovation and continuous
improvement of products and services, including technology, trading
solutions, and operational efficiencies. The IncubEx team is comprised
of former key Climate Exchange executives and is uniquely positioned to
capture these opportunities with its partners. The company was founded
in 2016 and currently has offices in Chicago and London.

About Nodal Exchange

Nodal Exchange is a derivatives exchange providing price, credit and
liquidity risk management solutions to participants in the North
American energy markets. Nodal Exchange is a leader in innovation,
having introduced the world’s largest set of electric power locational
(nodal) futures contracts. As part of EEX Group, a group of companies
serving international commodity markets, Nodal Exchange currently offers
over 1,000 contracts on hundreds of unique locations, providing the most
effective basis risk management available to market participants. In
addition, Nodal Exchange offers a Henry Hub natural gas contract
providing cross-margining benefits with participant’s power portfolios.
All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC
registered derivatives clearing organization. Nodal Exchange is a
designated contract market regulated by the CFTC.

Contacts

EEX Public Relations
+49 341 21 56 – 300 (Leipzig)
+44 20 7862
7568 (London)
[email protected]
www.eex.com
or
IncubEx
Public Relations
+1 (312) 464-9801 (Chicago)
+44 (0) 203 965
2000 (London)
[email protected]
www.theincubex.com
or
Nodal
Exchange
Nicole Ricard
+1 (703) 962-9816 (Tysons Corner)
[email protected]
www.nodalexchange.com