Carbon Derivatives

Markit, a financial information services company, and the Carbon Disclosure Project (CDP), the leading independent global climate change reporting platform, today announced their intention to launch a family of investment indices reflecting the financial performance of companies with strong carbon management strategies.

Markit and the Carbon Disclosure Project to Launch climate Change Investment Indices

LCH.Clearnet Ltd (LCH.Clearnet) is set to launch an innovative clearing service for the UK based spot market for carbon credits. For the first time, market participants will benefit from straight-through-processing from broker desks to LCH.Clearnet. Over-the-counter (OTC) spot transactions, traded through OTC brokers or directly between counterparties, will flow seamlessly to LCH.Clearnet removing the need for indirect give-up through an exchange infrastructure.

SunGard and BlueNext, a leading exchange for carbon spot and derivatives contracts, are to collaborate in the development of a straight-through processing (STP) solution for post-trade operations on the BlueNext exchange. The solution will include enhancements to SunGard’s GL Clearvision and GL Ubix that will provide increased functionality for customers trading carbon derivatives.