Nymex Launches Green Exchange

The Green Exchange is a partnership that incorporates brokers, traders, venture capital firms and investment banks including Evolution Markets, Morgan Stanley, Credit Suisse, JPMorgan, Merrill Lynch, Tudor Investment Corp., ICAP and Constellation Energy and will focus on solutions to climate change, offering contracts for carbon, renewable energy, and other “major environmental commodities.”

Nymex says it expects to begin trading during the first quarter of 2008. The Green Exchange venture i