Trader has high hopes for new carbon platformThursday 5 Apr 2012 OMFinancial in New Zealand has just launched an online carbon platform which it says has the potential to become a regional market. Commtrade Carbon has been trading quietly since late last year, but is officially open from last Friday.The platform operates from 7am to 10am daily, and trades can be settled directly, over-the-counter or escrow. Buyers and sellers can trade instantly, and have access to up-to-date market information. The platform trades a range of units, including spot and forward NZUs, CERs and ERUs, and can be adjusted to include other credits. OMFinancial’s head of carbon and energy, Nigel Brunel, says that Commtrade is a logical market development for the company that brokered New Zealand’s first carbon trade, in March 2009. “Since then we’ve done more than 700 deals, involving more than 12 million tonnes of carbon,” he told Carbon News. “This allows registered buyers and sellers to deal with each other quickly and directly.” Source: 2012 Carbon News  |
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