Demetri Karousos

Nodal Exchange LLC operates as a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American energy markets. Its products and services include nodal benefits, contacts, trading, and exchange participation. The company was founded in 2007 and is headquartered in Tysons Corner, VA.

Part of Deutsche Börse AG, Nodal Clear LLC is a derivatives clearing organization regulated by the CFTC. The company is based in Vienna, VA. The company provides central counterparty clearing services to Nodal Exchange and Coinbase Derivatives Exchange, significantly reducing the credit risk exposure of market participants through the novation process. Nodal Clear employs a tailored portfolio margining methodology that appropriately margins contracts and provides capital efficiencies to market participants.