Source: The Green Exchange
The Green Exchange, today announced that Vitol SA, one of the largest energy trading firms in the world, and RNK Capital LLC, a private energy and environmental markets investment firm, each have agreed to work toward building The Green Exchange venture as founding members.
In December 2007, The Green Exchange initiative was introduced by NYMEX Holdings, Inc., with Evolution Markets, Morgan Stanley, Credit Suisse, JPMorgan, Merrill Lynch, Tudor Investment and Constellation Energy. The new exchange will offer a comprehensive range of environmental futures, options and swap contracts for markets focused on solutions to climate change, renewable energy and other environmental challenges. The first slate of environmental futures and options contracts will be introduced on the New York Mercantile Exchange, Inc., the world's largest physical commodities exchange and a subsidiary of NYMEX Holdings, on March 16 for trade date March 17.
David Fransen, Managing Director of Vitol SA, said, "Vitol is very pleased to be a supporter of The Green Exchange(TM). As a leading trader in this new and developing market, Vitol is committed to supporting liquidity and the overall development of The Green Exchange."
"We are excited to put our support behind The Green Exchange. The exchange and its participants will provide a means of efficiency transacting business and liquidity in these ever growing markets," commented Rob Koltun, Managing Member of RNK Capital LLC.