Canada's First Carbon-Trading Market Launches

Jaworski, Alexa
June 2008
Securities Industry News;6/9/2008, Vol. 20 Issue 23, p11
Trade Publication
The article announces the launch of the Montreal Climate Exchange (MCeX), a joint venture of the Montreal Exchange (MX) and Chicago Climate Exchange (CCX), with a futures contract on Canada carbon dioxide equivalent units on May 30, 2008. According to Leon Bitton, vice president of research and development at MX, MCeX is a forward-based market that provides flexibility to industrials that need to find a way to reduce emissions at the lowest possible cost. A list of the market makers at MCeX is presented.


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