ASX Group, operator of Australia’s main stock exchange, is seeking to roll out carbon futures trading before 2015, Reuters reports. The secondary and futures markets for carbon permits and fungible carbon-related products will generate the short and long- term price signals and risk mitigation required to underpin investment certainty.
ASX plans to launch a futures market before the emissions trading scheme starts to help industry manage forward price risk. The group already provides trading in futures and options over Australian and New Zealand electricity and renewable energy certificates.
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