Third Straight Record Trading Month for CBL

NEW YORK, SAN FRANCISCO, SYDNEY – 9 March 2020 — CBL, an Xpansiv company and the leading spot commodity exchange, has announced its third consecutive record trading month for February 2020. US Renewable Energy Certificates (RECs) and the international carbon market were the primary volume drivers; 18,832 lots were traded across all markets, a 425% increase from February 2019, and a 5% increase from the previous record trading month.

A surge in client registrations to trade in US compliance markets drove an increase of 47% from the previous record set in August 2019, underpinned by the reopening of the NEPOOL GIS registry and support from voluntary REC purchasers via the North American Renewables registry.

Water market volumes remained stable over the past few months, with the price per megalitre retracting as a bout of heavy rain hit the east coast of Australia. Buyers are waiting to see how the flows will impact storage in the Southern Murray Darling Basin.

Continued growth in the international carbon market was supported by more than three million credits traded in the short month of February. The steady increase in volumes was largely attributed to new corporate clients looking for offsets to meet their internal requirements, and new participants entering the market.

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