Green Exchange to launch RGGI futures and options in August

RGGI is a cap-and-trade system to regulate the carbon dioxide emissions from power plants of ten north-eastern US states. It plans to begin quarterly auctions of allowances on September 25 this year.

The futures contract, the first exchange-traded futures contract for a US compliance regime, will launch on August 24, for August 25 trade date. It will therefore allow market participants a full month to hedge before the first auction.

It will trade on the CME Globex platform and be physically d