- First trade for 4 different REC products on global exchange
- Most trades for US RECs in a single month
NEW YORK, SYDNEY – 7 June 2018 – CBL Markets, leading spot exchange operator for environmental commodity markets, today announced the most trades for US Renewable Energy Certificates (REC) products in a single month, and first trades for 4 different US REC products on its global exchange.
CBL continues to see trading growth in US REC products with the month of May having the most trades for US RECs in a single month, 8.9% above April, a previous record trading month, and an increase of 28.7x over January 2018.
In addition, CBL reports first trades for 4 different US REC products within the month of May comprising of Maryland Class I v2018, Texas Green-E Eligible Wind REC v2017 Back Half, Texas v2016 & v2017.
CBL’s global exchange offers over 150 spot contracts to meet client specific needs in RECs, emissions, voluntary carbon products and compliance, with more new product launches to be announced in the coming weeks.
This announcement comes after the previous record trading monthfor April 2018.
About CBL Markets
CBL Markets is a global exchange providing market participants with access to the world’s energy and environmental commodity markets. CBL Markets provides transparency and price discovery in spot, physical commodity markets which have historically relied on over-the-counter trading, enabling buyers and sellers around the world to securely and trade energy and environmental commodities, including Compliance Carbon, Voluntary Carbon, Renewable Energy and Water.