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Nodal Exchange Expands Vienna, Virginia, Operations

02/24/2025
Nodal Exchange, a subsidiary of the Deutsche Boerse Group's EEX Group, plans to expand its operations in Vienna, Virginia. The $300,000 project is expected to create 33 jobs in Fairfax County.

“Fairfax County is an ideal location for attracting and retaining the highly educated and diverse team necessary for operating Nodal Exchange and Nodal Clear, and we are thrilled to be able to continue to grow and further expand here,” said Nodal Exchange and Nodal Clear Chairman and CEO Paul Cusenza. “It is also centrally located for our trading and clearing community and in close proximity to our regulators in Washington, D.C.”

Funding and services to support the company's employee recruitment and training activities will be provided through the Virginia Jobs Investment Program.

"The growth of?Nodal?Exchange?highlights Virginia's role as a hub for innovative financial markets technology," noted Secretary of Commerce and Trade Caren Merrick. "Their decision to expand in Fairfax County, where they've built industry-leading trading and clearing platforms, reflects the Commonwealth's deep technology talent pool and strategic advantages for global financial firms. We look forward to supporting their continued innovation in environmental and energy trading markets."

The Virginia Economic Development Partnership (VEDP) worked with the Fairfax County?Economic Development Authority?to secure the project.

“We are proud to celebrate Nodal Exchange’s second expansion in Fairfax County in three years,” added Victor Hoskins, president and CEO of Fairfax County Economic Development Authority (FCEDA). “Their achievements highlight the strength of Fairfax County as a hub for business excellence, and we look forward to seeing the continued impact that Nodal Exchange will have both on our local economy and community.”

Nodal Exchange provides price, credit, and liquidity risk management solutions through sets of environmental and electric power futures and options contracts. All transactions are cleared through its wholly owned subsidiary, Nodal Clear, which employs portfolio margining methodology.

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