Primary Industry
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IndustryFinancial Services
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Size11-50 employees
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Company TypePrivately Held
The Green Exchange is a consortium of leading banks, brokers, trading firms, and exchanges that share a common goal and bring together deep expertise and vast experience in environmental markets. The owners of the Green Exchange’s holding company, Green Exchange Holdings LLC, are: Constellation NewEnergy, Credit Suisse Energy, Evolution Markets, Goldman Sachs, ICAP Energy, J.P. Morgan Ventures Energy, Morgan Stanley Capital Group, RNK Capital, Spectron Energy, TFS Energy, Tudor Investment, Vitol and CME Group, the world’s largest and most diverse derivatives marketplace.
In March 2008, NYMEX, now part of CME Group, expanded its existing suite of environmental futures and options contracts to meet the growing needs of the industry by listing a more comprehensive range of futures and options contracts to enable all market sectors to manage their risks and implement their investment strategies. These products are based on commonly traded instruments in the European and U.S. markets: European Union carbon allowances (EUA), U.N.-certified carbon offsets (CER), U.S. Regional Greenhouse Gas Initiative carbon allowances (RGGI) U.S. emissions allowances (SO2, NOx) and Climate Action Reserve CLIMATE RESERVE TONNES (CRT). The Green Exchange will continue to develop additional products in an effort to focus on the needs of the evolving regional, national, and international markets, including the U.S. compliance market.
