Montreal Climate Exchange

From MarketsWiki

This page is not complete!

Do you have knowledge to contribute on this or other subjects?

Help the wiki grow -- add what you know.

Montreal Climate Exchange

Founded	July 12, 2006
Headquarters	Montreal, Canada
Products	Environmental products market
Web site	http://www.mcex.ca/nouvelles_en.php

The Montreal Climate Exchange (MCeX) is a joint venture of the Montreal Exchange (MX) and the Chicago Climate Exchange (CCX). It was established on July 12, 2006 and launched on May 30, 2008 as the first environmental products market in Canada.

The exchange opened by offering Canadian carbon dioxide futures.

MX brought to the exchange its expertise in trading systems, clearing, market regulation and financial risk management. CCX contributes its expertise in operating the Chicago Climate Exchange, as well as the European Climate Exchange (ECX).

1 History
2 Products and Services
3 Key People
4 References

History

On July 12, 2006 the Montréal Climate Exchange was established as a partnership between the MX and the CCX. The two exchanges finalized the preliminary agreement announced in Montreal on Dec. 7, 2005 during the first meeting of the parties to the United Nations Framework Convention on Climate Change.
On Oct. 2, 2006 the exchange said the Federal Government appeared to be moving in the right direction on emissions regulation.^[1]
On Oct. 23, 2006 the exchange promoted a market-based solution to help meet environmental challenges.
On May 10, 2007 the MX filed for regulatory approval of market rules for trading of MCeX environmental products.
On July 25, 2007 the Montréal Climate Exchange announced its carbon futures contract would be launched by year end.
On March 14, 2008, the Montreal Climate Exchange announced plans to launch trading of futures contracts on Canada carbon dioxide equivalent (CO2e) units on May 30, 2008, subject to regulatory approval.^[2]^[3]