- First U.S. RGGI spot market sees initial trading activity after January 15 go-live
NEW YORK – Wednesday 20 January 2016 – CTX USA LLC, a global leader in environmental commodity markets, today announced the first trade in its RGGI spot market. The RGGI spot market successfully went live on January 15.
The first volume on the trading platform was executed at a price of $8.13. The trade was for one contract which represents 1000 RGGI allowances.
“We are pleased to see initial trading activity in our RGGI cleared spot market,” comments Dan Scarbrough, President of CTX USA LLC. “We have been actively on-boarding market participants who are seeking an efficient, transparent and low-cost solution for managing risk and optimizing physical RGGI allowance inventory. Our first trade represents a significant milestone as we further grow our presence in the North American environmental commodity markets.”
The [CTX USA LLC] RGGI spot market is the first cleared, physically settled spot exchange for mandatory emissions trading programs in the U.S. CTX USA LLC provides the only fully anonymous trading environment for transacting RGGI allowances from point of trade through physical delivery of the allowances in the RGGI COATS system.
About CBL Markets
CBL Markets (formerly CTX Holdings Pty Ltd) provides market participants with access to the world’s environmental commodity markets. With a vision of bringing efficiency, transparency and liquidity to environmental markets, our new multi-product exchange connects buyers and sellers around the world to facilitate the secure and seamless trading of environmental commodities, including Compliance Carbon, Voluntary Carbon, Renewable Energy and Water. For further information please visit www.cblmarkets.com or follow us on Twitter (@cblmarkets).