CBL Kicks off 2020 with Another Record Trading Month

NEW YORK, SAN FRANCISCO, SYDNEY – 11 February 2020 — CBL, an Xpansiv company and leading spot commodity exchange, has announced a new record trading month for January 2020. The volume was bolstered by US Renewable Energy Certificates (RECs), the Australian Water Market, and the International Carbon Market.

17,860 lots were transacted through CBL in January, a 425% increase over January 2019, and a 35% increase over the previous record trading month in December 2019.

Driven by deadlines for Renewable Portfolio Standards (RPS), CBL saw a surge in the number of participants in US RECs utilizing its same-day, delivery-and-settlement platform to meet compliance obligations. Xpansiv water market H2OX also witnessed rising volumes, in part due to the exchange embracing a fixed-fee structure, ensuring the company does not profit from price volatility.

International carbon grew significantly with 2.8 million credits traded in January, caused by increased corporate action and new programs like the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), designed to help the aviation industry reach its goal of capping CO2 emissions at 2020 levels.

The record trading month comes on the back of an announcement last week that Xpansiv and the International Air Transport Association (IATA) have partnered to develop the Aviation Carbon Exchange (ACE), an innovative new way for airlines to meet their emissions-reduction commitments, as outlined in CORSIA.

“Xpansiv would like to thank all participants who took part in the Australian Bushfire Relief trading day on January 16 through CBL Markets and H2OX,” said Chief Strategy Officer Nathan Rockliff. “We raised more than AUD$30,000 for the Salvation Army Disaster Appeal. We hope the donations will help those affected by this terrible tragedy.”

About CBL
CBL provides access to the world’s energy and environmental commodity markets, facilitating the secure and seamless trading of commodities like carbon, renewable energy, water, and gas. cblmarkets.com

About Xpansiv
Xpansiv is the world’s first commodity exchange built for a new asset class: data. We bring transparency to the market by recording real-world characteristics in an immutable profile, empowering informed decision-making and commodity differentiation. As a result, commodities can be valued based on vital information that was invisible—until now. xpansiv.com