Green Exchange (GreenX) will launch a futures contract for Certified Emission Reduction Units (CER) for post-2012 delivery, Mondovisione reports. The physically deliverable CERplusSM Futures contract will be available for trading February 27, 2011 for trade date February 28, 2011.

The product introduces a new underlying unit of trade, Relevant CERs, and will be an addition to the current IDM CER Futures contracts. The new futures contract will be listed on the GreenX Designated Contract Market and will be cleared by CME Clearing. It will trade on CME Globex and will be available for OTC clearing through CME ClearPort.

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