FEX GROUP OF COMPANIES: FEX GROUP  |  FEX OTC  |  SIM VSE

FEX - The Financial and Energy Exchange Group

Co-operation Partners

FEX Market Site

Broadcasting live from the heart of the Australian financial district
FEX market site
5 Bridge Street, Sydney Australia

FEX Sponsorship and Support

The Public Interest Journalism Foundation Australia

As of May 2010 FEX is proud to have become a founding sponsor of the Public Interest Journalism Foundation.
The mission statement of the Public Interest Journalism Foundation is

The Foundation promotes and enables innovation in public interest journalism. It develops and tests emerging models of journalism to inform an engaged and accountable society. Our guiding principle is public interest through knowledge development, collaboration and sustainability. We act with integrity, honesty, transparency and independence.

Message from the FEX CEO

Welcome to The Financial and Energy Exchange Group

Since my last letter in December 2008, the world has changed materially. We are now, unequivocally, in the middle of the GFC (Global Financial Crisis).

What bottomed in September 2008 with Lehman Brothers Chapter 11 bankruptcy filing has now fully blossomed into a financial market crisis with material declines in global wealth, bank failures, sovereign guarantees of bank debt, trillions of dollars of taxpayer funds invested in supporting crumbling financial systems, and changes to accounting treatment for financial assets.

We are now entering a period of reflection where underlying market structures and regulations are being considered. Near top of mind, at least in the case of US regulators, is the case study of AIG Financial Products (AIGFP) and the more than US$150 billion in US government support necessary to allow AIGFP to meet its over the counter (OTC) derivative contract obligations.

At its April 2009 London meeting, G20 leaders pledged to “do whatever is necessary” to repair the global financial system, to restore lending and to strengthen financial regulation. In short, the G20 agreed to take necessary actions to rebuild trust and integrity in global financial systems.

Read full message

Envex - News

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