Nymex’s Green Exchange airs it out
New York Mercantile Exchange (Nymex) has named a slate of US
and international emissions contracts for its Green Exchange,
bringing even more competition to the emissions exchange
Green Exchange, a joint venture owned by Nymex and eight other
firms, plans to launch a group of emissions futures and options
on March 17 including contracts on European Union Allowances
(EUAs), Certified Emission Reduction (CER), seasonal and annual
nitrogen oxide (NOx) emission allowances and sulfur dioxide
(SO2) emissions allowances. Nymexs prior offering of SO2
and NOx contracts have not been successful.
Futures will be listed on the CME Globex platform while
options will be traded open outcry at Nymex with clearing
running through the Nymex ClearPort platform. It is Green
Exchanges opening salvo in a bid to grab volume in the
fast-growing emissions derivatives space.
Randy Warsager, vice president of...
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