We are very excited to finally share the first episode of Time2Talk SEASON 3!

In today's episode, join Jathan Malik, Director of Energy Markets at the Nodal Exchange and Paul Pontenagel from Time2Market, as they discuss:

👉 What traders misunderstand about U.S. power market structure
👉 The role of futures and derivatives in modern energy trading
👉 Why risk management matters more as power markets grow more complex
👉 The relationship between physical power flows and financial markets
👉 What traders should know before entering U.S. electricity markets
👉 How market design influences trading strategy

 
If you would like to be the next guest on Time2Talk, please do not hesitate to contact Time2Market. If you have an interesting guest in mind, leave their name in the comments, and we will get in touch. 

Do you want early access to watch all Time2Market episodes one week before they are published? Subscribe to Time2Market’s monthly newsletter here 👉 https://sy4ic.share.hsforms.com/2GEq1A1elRH2eMpxHuPS4Rg 
 
𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: 

00:00 – In today’s episode...
01:20 – Welcome Jathan Malik from Nodal Exchange
03:24 – Gas price volatility and its impact on U.S. power markets
04:00 – From London to Boston: Jathan’s path into the U.S. energy industry
05:00 – What Nodal Exchange is and how it fits within the EEX Group
06:21 – Why nodal hedging matters: managing price risk at specific grid locations
07:00 – Launching short-term power futures: Nodal’s new daily contracts
08:07 – European vs U.S. power markets: nodal pricing vs zonal pricing
09:06 – Why traders use futures exchanges instead of only ISO markets
10:09 – Financial vs physical settlement in power futures markets
11:27 – Who trades on Nodal? Utilities, hedge funds, prop shops, and new entrants
12:42 – Why electricity trading is attracting new participants
13:38 – Data centers, AI, and the growing demand for power trading and hedging
15:22 – Exchange onboarding in the U.S.: clearing members and market access
16:58 – Expanding granularity: Nodal’s daily contracts and future hourly markets
18:35 – Virtual trading, nodal spreads, and hedging ISO exposure
20:02 – Managing thousands of tradable contracts on a trading screen
22:07 – Understanding real-time futures and day-ahead vs real-time spreads
23:49 – Competing in U.S. power and gas markets
25:30 – Margin advantages and portfolio risk management at Nodal
26:42 – European traders entering U.S. markets and gas trading opportunities
28:16 – How new participants can prepare to trade on Nodal
29:44 – Final thoughts on entering U.S. power markets and closing remarks

Legal disclaimer: This podcast is intended for informational purposes only and should not be considered business or legal advice. Time2Market does not guarantee the completeness, accuracy, and actuality of the information provided. The energy industry is extremely dynamic and conditions and requirements change frequently. As a result, information discussed on this page is subject to change without notice.

Time2Market's website: www.time2market.net

Time2Market's LinkedIn: www.linkedin.com/company/time2market-market-management-services

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