New York Mercantile Exchange (Nymex) has grown closer to
entering the emissions trading space, a move that could take a
significant bite out of Chicago Climate Exchange (CCX)'s market
Nymex officials at the Green Trading Summit in New York last
week said they were close to launching futures on sulphur
dioxide (SO2) and nitrous oxide (NOx) emissions and touted the
exchange as a more logical marketplace for emissions given the
correlation between emissions and its benchmark energy products
contracts. No definitive date has been give for the launch.
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