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On October 7th, 2008, Flett Exchange launched its Regional Greenhouse Gas Initiative (RGGI) carbon dioxide allowance market. The market is available to customers on the Flett Exchange Electronic Trading Platform.
The market is for the immediate physical delivery of RGGI allowances through the RGGI CO2 Allowance Trading System (RGGI-COATS). Orders size is fully customizable by the customer to allow for exact procurement of allowances by electricity producers.
The Regional Greenhouse Gas Initiative (RGGI) is the first mandatory, market based effort in the United States to reduce greenhouse gas emissions. Ten Northeastern and Mid-Atlantic states will cap and then reduce CO2 emissions from the power sector 10% by 2018.
Flett Exchange hosts markets for physically settled commodities on its electronic trading platform. Flett Exchange uses a hybrid model of technology and brokers to assist clients in the valuing and trading various commodity products.
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