...The hope still lives, and the dream shall never die.
GreenX was founded by Goldman et al. to trade carbon derivatives.
Despite the lack of legislation in the U.S. these folks are acting as if Cap-and-trade is a fait accompli. I wonder what they know.
If I could ask them one question, it would probably be be "Whassup homies?"
The quote is Ted Kennedy at the 1980 Democratic National Convention
From Mondo Visione:
Green Exchange (“GreenX”) today announced the addition of six new Clearing Member firms who will provide clearing services for the Exchange’s international customer base. Credit Suisse Securities (USA) LLC, Goldman Sachs Execution & Clearing L. P., J.P. Morgan Futures Inc., MF Global, Morgan Stanley & Co. Incorporated and Newedge USA LLC were approved by CME Clearing and join GreenX’s first clearing member, BNP Paribas Commodity Futures Inc., as approved GreenX Clearing Members to date. Clearing Members assume full financial and performance responsibility for all transactions guaranteed by and executed through them on GreenX.
Commenting on the approval of the additional clearing members, Tom Lewis, Chief Executive of GreenX, said: “The approval of Credit Suisse, Goldman Sachs, J.P. Morgan, MF Global, Morgan Stanley and Newedge as Clearing Members of the GreenX is a significant milestone for us. These firms offer clearing services to some of the largest traders in environmental commodities and their admittance will allow their customers access to our markets. We are confident that they will bring with them a breadth of experience and expertise in risk management to our marketplace.”...MORE