Record Trading Continues for CBL

NEW YORK, SAN FRANCISCO, SYDNEY – 2 April 2020 — CBL Markets (CBL), an Xpansiv company and the leading spot commodity exchange, has announced its fourth consecutive record trading month. The increased transactional volumes were underpinned by US energy markets and the international carbon market.

As of the end of March, 20,342 lots were traded across all markets—a 121% increase from March 2019, and an 8% increase from the previous record trading month in February. With 9.45m voluntary carbon offsets traded in Q1 2020, CBL is within 5% of surpassing the total number of offsets it traded in calendar year 2019.

CBL has seen a huge uplift in international carbon this year, with more than three million credits traded in March, driven by corporate action and industry programs such as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). This surge in demand is a result of new participants entering the market, as well as corporate clients looking to meet requirements and provide a clear path to action.

CBL also provides access to spot US REC products with seamless transactions and same-day settlement. The uptick in participation across US renewable energy markets contributed to the fourth consecutive record trading month for the exchange. Water market operator H2OX witnessed steady trading volumes, reflecting market demand, as we approach the end of the water season.

About CBL Markets
CBL Markets 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