Nyse Euronext and Caisse des Dépôts to launch carbon trading facility

Source: Nyse Euronext

Nyse Euronext and Caisse des Dépôts today announced their intention to open an organized international market to trade CO2 allowances and credits.

They plan to provide a full range of exchange-based services to the carbon emissions market at the global level.

Due to open in early 2008, the new facility will be majority owned by NYSE Euronext, with Caisse des Dépôts as the main shareholder. It will offer an organized continuous market to facilitate spot transactions in CO2 allowances and credits, with services ranging from trading to settlement. There are also plans to develop derivative products, which enhance market liquidity and depth.

The initiative will be backed by NYSE Euronext's international network and its know-how in managing securities markets and by the acknowledged expertise of Caisse des Dépôts in carbon finance, especially emissions trading technology and settlement activities.

Comments: (0)

Visit www.ncr.com
visit secure.onespan.com
Featured job
All Jobs »