On September 27th, the Commodity Futures Trading Commission ("CFTC") approved the application of Nodal Exchange, LLC, previously operating as an exempt commercial market ("ECM"), for designation as a contract market ("DCM"). Nodal DCM is listing for trading various power futures contracts and options on power futures contracts. In conjunction with the approval of Nodal's designation, the CFTC approved the transfer of contracts and open interest in contracts currently listed on the ECM to the DCM. Separately, the Division of Market Oversight provided no-action relief to Nodal to allow for the simultaneous listing and trading of contracts on Nodal's first date of operation as a DCM, as Nodal transitions from its operating status as an ECM to a DCM. CFTC Press Release.