Governor Glenn Youngkin Announces Derivatives Exchange Company to Expand Headquarters in Fairfax County

Governor Glenn Youngkin today announced that Nodal Exchange, a Fairfax-based derivatives exchange providing price, credit, and liquidity risk management solutions to participants in the North American commodities markets, will invest $300,000 to expand in Fairfax County. The company will increase capacity at its headquarters located at 1921 Gallows Road in Tysons Corner. The project will create 37 new jobs.

“Nodal Exchange offers the largest suite of power and environmental contracts in the world, and we are proud that this Virginia-grown business manages risk in such a critical market, resulting in impressive growth at its headquarters in Fairfax County,” said Governor Youngkin. “Northern Virginia boasts a deep bench of talent to support a range of industries, and we are pleased to see another corporate partner expand and create 37 high-quality jobs.”

 “The Commonwealth breeds innovation and we are committed to fostering an environment that encourages the success of entrepreneurs like Nodal Exchange, which has grown from a startup to a thriving Virginia business in 15 years,” said Secretary of Commerce and Trade Caren Merrick. “The advantages of a Fairfax County location attract and retain leading firms, and a renowned workforce remains one of its greatest assets. We thank Nodal Exchange for its commitment to the Commonwealth and look forward to a continued partnership.”.. (Excerpts from Governor Glenn Youngkin Newsroom)