Opening of FEX Environmental OTC Market
In conjunction with FEX’s environmental product development partner enVex, the FEX Mercari Environmental ECN opened in November 2008. The first completed trade was for a AU$230,000 parcel of Australian Renewable Energy Certificates (RECs).
Climate Exchange plc Acquires 25% stake in enVex
In a move that is expected to accelerate the development of global carbon emissions trading, Climate Exchange plc, operator of the world’s largest carbon emissions marketplaces, has today acquired a 25% stake in enVex.
FEX Group partners with Macquarie Capital Group
FEX is proud to announce the establishment of enVex, a joint venture of FEX and Macquarie Capital Group. enVex is a climate and environmental product developer whose products will be quoted on FEX’s over-the-counter (OTC) and exchange-traded-contract (ETC) market infrastructure.
enVex tradable products will ultimately cover the expanding range of climate and environmental markets, including greenhouse emissions, renewable energy, energy efficiency, weather and water. enVex’s initial products will be OTC versions of:
• Australian Emissions Allowances (AEAs)
• Certified Emissions Reduction Units (CERs)
• Renewable Energy Certificates (RECs)
• NSW Greenhouse Gas Abatement Certificates (NGACs)
For more information visit enVex www.envex.com.au
