Emissions Traders In Europe Buy Trading Technology From Trayport

Trayport, a supplier of electronic trading systems, says its Global Vision platform is now supporting the electronic trading of UK and EU emission credits, certified emission reductions (CERs) and renewable obligation certificates (ROCs). Inter dealer brokers such as Evolution Markets,

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Trayport, a supplier of electronic trading systems, says its Global Vision platform is now supporting the electronic trading of UK and EU emission credits, certified emission reductions (CERs) and renewable obligation certificates (ROCs). Inter-dealer brokers such as Evolution Markets, Spectron and Tradition Financial Services (TFS) are all using it.

“Even before the Emissions Trading Scheme came into effect, we saw substantial market interest to host trade in these products electronically because of the benefits of increased liquidity, transparency, and control,” says Tom Zikas, Manager of Sales at Trayport. “With such strong growth potential, the emissions market was always going to be the industry’s next ‘hot thing’ and we wanted to enable our clients to move in quickly.”

Evolution Markets, Spectron and Tradition Financial Services (TFS) have been among the first inter-dealer brokers to launch electronic emissions trading platforms following the launch of the Emissions Trading Scheme (ETS) and the start of the first compliance period on 1 January 2005.

“We executed the first brokered EU Emission Trading Scheme transaction back in May 2003 and since that date have seen the market grow exponentially,2 says James Emanuel, Director at Evolution Markets. “The incredibly large number of companies involved in the scheme makes it very difficult to broker this market efficiently without an electronic platform. The introduction of a Global Vision product by Evolution Markets in January 2005 has been well received by our clients and has helped us to streamline our business and to offer a better all round service.”

Trayport says it has also received interest from other inter-dealer brokers and European exchanges to launch their electronic emissions trading platforms.

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