The Green Exchange: The Most Comprehensive Environmental Marketplace
The Green Exchange offers the broadest slate of environmental risk management and trading products, backed by the New York Mercantile Exchange, the world's largest physical commodities exchange. The Exchange will enable participants to leverage capital markets in confronting the world's most pressing environmental challenges.
The Green Exchange will serve as the nexus for trading environmental products designed to combat global climate change, improve air quality, and build environmentally sustainable energy sources.
The Green Exchange is a partnership between NYMEX and Evolution Markets, the world's leading environmental brokerage, and will include major energy and environmental commodity trading houses Morgan Stanley and Tudor Investment Corp. This powerful team is building an unprecedented global environmental marketplace.
NYMEX, Evolution Markets, and their partners understand that these financial products will have currency only if they represent the highest standards for environmental quality. The Green Exchange partners have worked extensively with both environmental organizations and financial institutions to select rigorous voluntary carbon and renewable energy credit standards as the basis for their products. Environmental integrity is a central mission of The Green Exchange, and the venture will create and promote markets only for viable environmental contracts. In addition, The Green Exchange is commited to operate as a 100% carbon neutral corporation.
Headquartered in New York and with offices in London and Continental Europe, The Green Exchange is a stand-alone corporation that will be directly linked to the CME Globex® electronic trading platform, where NYMEX contracts are traded. In addition, trades will clear through the NYMEX clearinghouse, and transactions can be margined across The Green Exchange environmental product offerings and the NYMEX energy complex.
The Green Exchange contracts will begin trading during the first quarter of 2008, using the NYMEX trading and clearing platforms, while the CFTC-regulated Green Exchange is expected to launch during the first quarter of 2009.