Interdealer broker Tullett Prebon has facilitated the trading of the first Australian Carbon Credit Unit (ACC) CME-listed futures contract through its Singapore team.
The contract, which was announced in September, began trading on 13 October. Tullett Prebon’s Carbon and Renewables desk worked with clients in Singapore to facilitate the contract’s first trade.
The contract’s listing follows a collaboration will between Xpansiv, the fully integrated market infrastructure provider, Platts and CME. Under the terms of the collaboration, Xpansiv’s existing standardized spot ACCU Generic contract is now being settled to a new CBL-Platts ACCU price assessment, and CME Group has launched a new generic CBL ACCU futures contract on the underlying CBL spot instrument.
Santiago Parilli, Head of Carbon &…
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