UKPX to launch carbon spot contract on Climex

Traded on New Values’ Climex platform, the new contract will be cleared by UKPX, and will be fungible with New Values spot carbon contracts listed throughout Europe on the Climex platform.

UKPX, part of the Amsterdam-based APX Group, has signed a memorandum of understanding with New Values. The firms expect to launch the contract before the end of the year.

APX currently provides clearing services for continental European companies trading carbon contracts on New Values’ Climex platform. The a