Paul Cusenza Chairman and Chief Executive Officer Mr. Cusenza has over thirty years of experience in building and managing businesses. He has been Chief Executive Officer of Nodal Exchange since January 2008 and led Nodal Exchange to its commencement of trading in April of 2009. Prior to Nodal Exchange, he was a co-Founder and co-President…
Nominating Committee Ann Sacra (Chairman) Paul Cusenza Steven B. Perfect Risk Management Committee Paul Cusenza (Chairman) Steven B. Perfect Ann Sacra
Paul Cusenza Mr. Cusenza is Chairman and CEO of Nodal Exchange, LLC and Nodal Clear, LLC. He has over thirty years of experience in building and managing businesses. He was a co-Founder and co-President of 23andMe, a personal genetics company, and the Senior Vice President of Marketing and Alliance Management at Perlegen Sciences. He was…
Nodal Exchange, LLC is owned by Nodal Exchange Holdings, LLC. Nodal Clear, LLC is owned by Nodal Exchange, LLC. Nodal Exchange Holdings, LLC is wholly owned by European Energy Exchange, AG (“EEX”): EEX The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates, and connects secure, liquid, and transparent markets…
Nodal Clear, LLC is a privately held, Delaware limited liability company based in Tysons Corner, Virginia. Nodal Clear’s management, employees, and advisers have extensive experience in the power and financial industries. Nodal Clear, LLC is a Derivatives Clearing Organization pursuant to the Commodity Exchange Act and is regulated by the U.S. Commodity Futures Trading Commission…
Nodal Clear is a clearing house providing central counterparty clearing services for Nodal Exchange and Coinbase Derivatives. Through the novation process, the clearing house becomes the buyer to every seller and the seller to every buyer, significantly reducing the credit risk exposure of market participants. Nodal Clear’s strong risk management practices create a sound market…
Nodal Clear maintains appropriate financial resources to cover at least one year of operating expenses consistent with regulatory requirements. In addition, Nodal Clear has reserved $20 million of capital for the Clearing House Contribution to the default waterfall as defined in Rule 3.35 of the Nodal Clear Rulebook.
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