CHICAGO, Oct. 17, 2024 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced its new CBL Australian Carbon Credit Unit (ACCU) futures have launched and are available for trading. A total of five contracts traded as a block between Freepoint Commodities and Mercuria on October 14, 2024.
“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.”
