intraday-volatility
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ElectronX
ElectronX is a U.S.-regulated electricity derivatives exchange building the financial infrastructure for the energy transition. Founded in 2024 and based in Chicago with a New York office, it offers direct-access, centrally cleared hourly power futures and binary options that let utilities, traders, renewable operators, energy-storage firms and data-center operators hedge the extreme short-term price swings that come with a grid increasingly powered by intermittent wind and solar. ElectronX holds CFTC approvals as both a Designated Contract Market and a Designated Clearing Organization, and has raised more than $55 million from investors including DCVC, Innovation Endeavors, and the venture arms of Shell and Equinor.
Sam Tegel
Sam Tegel is the CEO of ElectronX, the Chicago-based exchange that in 2026 launched the first U.S.-regulated, direct-access power derivatives market. After more than two decades building market-making and liquidity businesses at firms like Jump Trading, Millennium, Sun Trading and Caherciveen Partners, Tegel now sells 1-megawatt-hour electricity futures and binary options to anyone exposed to the wild swings of the modern grid - from battery operators to bitcoin miners. ElectronX has raised more than $55 million and holds both Designated Contract Market and Designated Clearing Organization status from the CFTC.