(2015-09-11)Carbon Trade Exchange (CTX), a global leader in environmental commodity markets, today announced that its Regional Greenhouse Gas Initiative (RGGI) cleared spot market will formally launch on September 28th, 2015. This launch marks CTX’s first entry point into the mandatory environmental commodity markets in North America.

RGGI is the longest standing mandatory greenhouse gas reduction and trading program in the U.S. with participation from nine states in the Northeast. The CTX RGGI spot market is designed to provide market participants with transparency and efficiency. The CTX electronic trading platform links to the Wells Fargo cash clearing system and interfaces with the RGGI CO2 Allowance Tracking System (COATS) to provide seamless, secure payment and physical transfer of allowances. CTX can facilitate electronic trading through its secure, web-based platform or the clearing of over-the-counter trades from the brokered market.

CTX 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. Compliance entities and trading participants alike can benefit from the efficiencies created through the end-to-end infrastructure provided by CTX.

“With the results of the 29th RGGI auction being announced today, we’re excited to be announcing the formal launch of the CTX RGGI spot market,” comments Dan Scarbrough, President of CTX USA. “Market participants need a transparent and low-cost solution in order to effectively mitigate risk and optimize physical inventories in environmental commodities. Now, they can efficiently transact in an automated and anonymous manner via the CTX market.”

NOTES TO EDITORS

About CTX

Carbon Trade Exchange (CTX) is a global exchange focused on environmental commodity markets. Founded in 2009, CTX operates spot exchanges in multiple markets including Emissions, Voluntary Carbon, Renewable Energy and Water. With a vision to bring greater liquidity and transparency to the global markets, CTX links market participants around the world to facilitate the secure trading of products. CTX uniquely interfaces with approved registries and financial intermediaries including Wells Fargo, Westpac, APX, VCS, Climate Action Reserve, American Carbon Registry and The Gold Standard. The company has recently experienced several milestones in its North American growth including a new partnership with MGEX to facilitate the launch of CTX in the California cap-and-trade program. CTX has offices in Australia and the United States, with the ability to expand into other jurisdictions and markets.