From Hedgeweek:
The European Energy Exchange and the international derivatives exchange Eurex have announced plans to co-operate to offer trading in carbon emissions through the Eurex system, which they both use.
Eurex participants can trade EEX carbon products via their existing infrastructure, creating a marketplace for carbon products that offers the trading, clearing and settlement standards of the financial markets.
The partners believe their co-operation will increase the market's liquidity and efficiency. By connecting their distribution network, the partners will address more than 600 trading member firms including financial market participants in the UK and the US, creating the largest international network for emissions trading.
To start with, the EUA (European Union Allowance) future already listed on the EEX will be available for trading on the common platform from December this year, while Certified Emission Reductions futures will follow at the beginning of 2008. EUA spot contracts and options on EUA futures will also be offered....MORE
