23-021

July 10, 2023

VIA PORTAL

Commodity Futures Trading Commission

Attention: Christopher Kirkpatrick, Secretary

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification: Submission of Amendments to the 

Nodal Exchange delivery schedule and last trading day for Nodal Contracts, 

based on environmental products, with December 2023 expiries.

Dear Mr. Kirkpatrick:

Nodal Exchange, LLC (“Nodal Exchange” or “Exchange”) is notifying the Commodity Futures 

Trading Commission (“CFTC” or “Commission”) that it is self-certifying amendments to the 

delivery schedule and last trading day for December 2023 futures expiries of Nodal 

Contracts based on environmental products pursuant to Commission Regulation 40.6(a).

The Exchange intends to implement the amended delivery schedule and last trading day in 

10 business days.

For Nodal futures contracts based on environmental products, which are physically 

delivered, the delivery day is the last business day of the month and the last trading day is 

three business days prior to the delivery day. For December 2023, the last business day of 

the month is Friday December 29, 2023. To accommodate the anticipated reduced staff of 

market participants on December 29, 2023, Nodal Exchange is amending the delivery 

schedule for December 2023 futures expiries of Nodal Contracts based on environmental 

products. Nodal Exchange will remain open for business on December 29, 2023, but will 

not treat December 29, 2023, as a business day for delivery purposes. Therefore, the 

delivery day for December 2023 futures expiries of Nodal Contracts based on

environmental products will be changed from Friday December 29, 2023, to Thursday

December 28, 2023. In addition, the last trading day for December 2023 futures expiries of 

Nodal Contracts based on environmental products will be changed to December 22, 2023,

to maintain the last trading day as three business days prior to the delivery day. 

Exchange management has assessed the amendments to the delivery schedule and last 

trading day, and their compliance with applicable provisions of the Act, including the 

Commissions Regulations and the Core Principles. Nodal Exchange has identified that the 

amendments may affect the following Core Principles as follows:
23-021

Core Principle 2 - Compliance with the Rules: The amendments to the Rules provide clarity 

and consistency with the Act for compliance with the Rules. 

Core Principle 7 – Availability of General Information: The amendments to the delivery day

and last trading day, provide clarity to Exchange Participants. This notification is available 

to market authorities, Participants, Authorized Brokers and the public on the Exchange 

website.

Pursuant to Section 5c(c) of the Act and the Commission’s Regulation 40.6, the Exchange 

certifies that the amended delivery schedule and last trading day comply with the Act and 

the Commission’s Regulations thereunder. There have not been any opposing views 

expressed regarding the amendments to the delivery schedule and last trading day.

Nodal Exchange certifies that this submission has been concurrently posted on the Nodal 

Exchange website at www.nodalexchange.com.

If you have any question or need additional information regarding this submission, please 

contact me at 703-962-9853 or Markotic@nodalexchange.com.

Sincerely,

/s/ Max Markotic

Managing Director