A lot of real estate transactions cross our desks at the Washington Business Journal. We can’t devote full stories to them all, but some deserve to be on the record. Welcome to Deal Dash.
Nodal Exchange LLC, a derivatives exchange that offers price, credit and liquidity risk management, is expanding its headquarters at 1921 Gallows Road in Tysons and creating 37 new jobs. CEO Paul Cusenza said in a statement the company wanted to stay in its current location because it is central to the trading and clearing community, and also close to D.C.-based regulators.
Launched in 2007, the company is part of Germany’s EEX Group, which serves the international commodity markets. It offers about 1,000 power contracts and also owns a derivatives clearing subsidiary, Nodal Clear. It gives access to electric power locational futures contracts — which are derivatives contracts that allow companies to buy and sell power contracts for a set future date. The company has grown over time as it now…
Read the full story from the Washington Business Journal.
