Phoenix rises into green markets

Interdealer credit and equity derivatives broker Phoenix Partners has launched an environmental brokerage service for the renewable energy and emissions markets.

Based in New York, Phoenix has created a new subsidiary, Phoenix Commodities, to initially serve US markets including Regional Greenhouse Gas Initiative allowances, voluntary emissions reductions (VER) and compliance and voluntary renewable energy credits (REC). While the focus is initially on green markets, the brokerage will also event