CME Group Announces First Trades of CBL Australian Carbon Credit Unit (ACCU) Futures
CME Group has launched CBL Australian Carbon Credit Unit (ACCU) futures for trading. The first trade, consisting of five contracts, was executed as a block between Freepoint Commodities and Mercuria on October 14, 2024. These futures are physically-settled and based on Xpansiv market CBL's underlying ACCU spot market.
Peter Keavey, Global Head of Energy and Environmental Products at CME Group, highlighted the increasing demand for Australian carbon credits on both compliance and voluntary bases. The new futures will provide access to the Australian market and help establish a forward curve for improved price discovery.
CBL ACCU futures allow for delivery of Australian carbon credits on the Australian National Registry of Emissions Units (ANREU), with deliveries facilitated by CBL. These futures are listed by and subject to the rules of NYMEX.
CME Group ha lanciato i contratti future CBL Australian Carbon Credit Unit (ACCU) per il trading. Il primo scambio, composto da cinque contratti, è stato eseguito come blocco tra Freepoint Commodities e Mercuria il 14 ottobre 2024. Questi contratti future sono liquidati fisicamente e si basano sul mercato spot ACCU di CBL di Xpansiv.
Peter Keavey, Responsabile Globale dei Prodotti Energetici e Ambientali di CME Group, ha sottolineato la crescente domanda di crediti di carbonio australiani sia per le normative che per motivi volontari. I nuovi contratti future offriranno accesso al mercato australiano e aiuteranno a stabilire una curva dei prezzi per un miglioramento della scoperta dei prezzi.
I contratti future CBL ACCU consentono la consegna di crediti di carbonio australiani presso il Registro Nazionale Australiano delle Unità di Emissione (ANREU), con consegne facilitate da CBL. Questi contratti sono quotati e soggetti alle regole di NYMEX.
CME Group ha lanzado futuros de CBL Australian Carbon Credit Unit (ACCU) para negociación. La primera operación, que consistió en cinco contratos, se ejecutó como un bloque entre Freepoint Commodities y Mercuria el 14 de octubre de 2024. Estos futuros son liquidados físicamente y se basan en el mercado spot ACCU de CBL de Xpansiv.
Peter Keavey, Jefe Global de Productos Energéticos y Ambientales de CME Group, destacó la creciente demanda de créditos de carbono australianos tanto para cumplimiento normativo como voluntariamente. Los nuevos futuros brindarán acceso al mercado australiano y ayudarán a establecer una curva a plazo para una mejor determinación de precios.
Los futuros CBL ACCU permiten la entrega de créditos de carbono australianos en el Registro Nacional Australiano de Unidades de Emisión (ANREU), con entregas facilitadas por CBL. Estos futuros están listados y sujetos a las reglas de NYMEX.
CME 그룹은 CBL 호주 탄소 배출권 단위(ACCU) 선물을 거래를 위해 출시했습니다. 첫 거래는 2024년 10월 14일 프리포인트 커머디티와 머큐리아 간의 블록 거래로 다섯 계약이 체결되었습니다. 이 선물 계약은 실물 인도 방식이며 Xpansiv의 CBL 기반 ACCU 현물 시장을 배경으로 합니다.
CME 그룹의 에너지 및 환경 제품 글로벌 책임자인 피터 키비는 호주 탄소 배출권에 대한 요구가 규제준수 및 자발적 기준 모두에 대해 증가하고 있음을 강조했습니다. 새로 출시된 선물 계약은 호주 시장에 대한 접근을 제공하고 가격 발견 개선을 위한 선도 곡선을 설정하는 데 도움을 줄 것입니다.
CBL ACCU 선물은 호주 배출단위 국가등록부(ANREU)에서 호주 탄소 배출권의 인도를 허용하며, CBL에 의해 인도가 원활하게 이루어집니다. 이러한 선물 계약은 NYMEX의 규정에 따라 상장되어 있습니다.
CME Group a lancé des contrats futurs CBL Australian Carbon Credit Unit (ACCU) pour le trading. Le premier échange, composé de cinq contrats, a été exécuté en bloc entre Freepoint Commodities et Mercuria le 14 octobre 2024. Ces contrats futurs sont liquides physiquement et basés sur le marché spot ACCU de CBL d'Xpansiv.
Peter Keavey, Responsable Mondial des Produits Énergétiques et Environnementaux chez CME Group, a souligné la demande croissante pour les crédits carbone australiens tant pour des raisons de conformité que volontaires. Les nouveaux contrats futurs fourniront un accès au marché australien et aideront à établir une courbe à terme pour une meilleure découverte des prix.
Les contrats futurs CBL ACCU permettent la livraison de crédits carbone australiens via le Registre National Australien des Unités d'Émission (ANREU), avec des livraisons facilitées par CBL. Ces contrats sont cotés et soumis aux règles de NYMEX.
CME Group hat die CBL Australian Carbon Credit Unit (ACCU) Futures zum Handel eingeführt. Der erste Handel, der aus fünf Verträgen bestand, wurde am 14. Oktober 2024 als Block zwischen Freepoint Commodities und Mercuria ausgeführt. Diese Futures sind physisch gesetzt und basieren auf dem Spotmarkt für ACCU von CBL in Xpansiv.
Peter Keavey, Global Head of Energy and Environmental Products bei CME Group, hob die steigende Nachfrage nach australischen Kohlenstoffzertifikaten sowohl für Compliance- als auch für freiwillige Zwecke hervor. Die neuen Futures werden den Zugang zum australischen Markt ermöglichen und zur Etablierung einer Forward-Kurve zur Verbesserung der Preisdiskriminierung beitragen.
Die CBL ACCU Futures ermöglichen die Lieferung australischer Kohlenstoffzertifikate im Australian National Registry of Emissions Units (ANREU), wobei die Lieferung durch CBL erleichtert wird. Diese Futures sind an der NYMEX gelistet und unterliegen deren Regeln.
- Launch of new CBL Australian Carbon Credit Unit (ACCU) futures
- First trade executed with five contracts between major commodities firms
- Physically-settled futures based on established spot market
- Potential for improved price discovery in the Australian carbon credit market
- Expansion of CME Group's environmental products offering
- None.
Insights
The launch of CBL Australian Carbon Credit Unit (ACCU) futures by CME Group is a significant development in the carbon credit market. This new product addresses the growing demand for Australian carbon credits in both compliance and voluntary markets, potentially attracting more participants and increasing liquidity.
The physically-settled nature of these futures, based on Xpansiv market CBL's underlying ACCU spot market, provides a direct link to the actual carbon credit market. This feature could enhance price discovery and risk management for market participants, particularly those with exposure to Australian carbon credits.
For CME Group, this launch expands its environmental products portfolio, potentially driving additional revenue streams. It also strengthens CME's position in the rapidly evolving carbon markets, which could be a growth area as global focus on climate change intensifies.
However, the initial trading volume of five contracts suggests cautious adoption. Investors should monitor the uptake of these futures in the coming months to gauge their impact on CME's overall business and market share in environmental products.
The introduction of CBL ACCU futures marks a pivotal moment in the evolution of carbon markets. These futures will play a important role in establishing a forward curve for Australian carbon credits, enhancing price transparency and enabling more sophisticated risk management strategies for market participants.
The involvement of major players like Freepoint Commodities and Mercuria in the initial trades signals strong industry interest. This could lead to increased participation from both compliance buyers and voluntary market actors, potentially boosting liquidity and market depth.
The physical settlement aspect, facilitated by CBL on the Australian National Registry of Emissions Units (ANREU), ensures a direct connection to the underlying asset. This feature may attract entities seeking actual carbon credit delivery, further legitimizing the market.
However, the success of these futures will depend on factors such as regulatory developments in Australia's carbon pricing mechanisms and the global trajectory of carbon markets. Investors should closely monitor these aspects to assess the long-term viability and growth potential of this new product.
"We are pleased to see industry interest and support for our new CBL ACCU futures, which are the latest product we have launched with Xpansiv to help clients manage the risks associated with carbon reduction strategies," said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. "Demand for Australian carbon credits is increasing on both a compliance and voluntary basis. ACCU futures will not only provide access to the Australian market but will also help establish a forward curve, allowing for more price discovery in this rapidly evolving space."
CBL ACCU futures are physically-settled and based on Xpansiv market CBL's underlying ACCU spot market. CBL ACCU Futures allow for delivery of Australian carbon credits (that meet the screening criteria set out in NYMEX rules) on the Australian National Registry of Emissions Units (ANREU). Deliveries will be facilitated by CBL.
CBL ACCU futures are listed by and subject to the rules of NYMEX. For more information, please visit here.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
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SOURCE CME Group
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