The Only Source for VCM Transaction Data

XSignals market data and analytics enable market participants to measure, model, and weigh risks and opportunities with greater confidence and clarity.

XSignals uses firm bid/offer and transaction data from hundreds of project-specific credits and GEO standardized contracts traded on CBL—the leading spot exchange in environmental markets.

Neutral, multicontributor exchange data is more robust than pricing from opaque, fragmented legacy sources. XSignals generates more accurate, reliable signals in trading, valuation, and risk models.

CBL accounts for 95+% of global spot volume traded on exchanges
CBL’s spot market participants account for 250M+ tCO2e traded since 2020
$1.3B+ value of carbon credits traded in 2021 and 2022
The Most Complete VCM Dataset and Analytics Offering

XSignals data is the highest quality available in the voluntary carbon market. Our database spans a vast range of transactions, covering 500+ project-specific trades back to January 2019, and every trade in CBL’s GEO benchmark suite since inception.

The XSignals dashboard synthesizes thousands of CBL transactions into intuitive, interactive graphics. Daily trade reports provide deeply detailed data on exchange-matched and OTC-cleared transactions, keeping subscribers up to date on the latest VCM movements.

XSignals daily and historical data is ideally suited to back-, middle-, and front-office uses. It is available via a portal, APIs, and daily emails.

Multiple Registry Data from a Single Access Point

XSignals provides a single source of aggregated issuance and retirement data from the American Carbon Registry, Climate Action Reserve, Gold Standard, and Verra Registry. This streamlined access enables users to quickly analyze supply and demand across project type, country, eligibilities, and other relevant metrics, eliminating the need to log into each registry to manually record and aggregate data, saving considerable time and resources.

One Suite of Benchmarks Priced by Three Market Leaders

Xpansiv has developed strategic partnerships with CME Group and S&P Global Commodity Insights—two of the largest, most highly regarded names in global commodity markets.

CME Group trades futures on CBL’s N-GEO, GEO, and C-GEO contracts, with more than 200 million tons transacted since launch. Futures data provides a rich set of front-month and multi-year forward data that complements the spot market data available via XSignals.

S&P Global Commodity Insights provides daily assessments of carbon benchmarks via its authoritative, transparent pricing methodology. It provides settlement prices for CBL’s suite of GEO standardized contracts and CBL futures traded by CME Group.

For market participants, this triumvirate provides robust spot and futures transaction data via XSignals and CME Group, as well as assessed end-of-day pricing from S&P Global Commodity Insights—an unparalleled choice in the voluntary carbon market.

Better Data, Better Results

XSignals neutral, independent, multicontributor project-specific and benchmark data is the most robust available in the VCM. It drives superior results for all market stakeholders, including:

 

  • Corporate sustainability managers
  • Project developers
  • Traders
  • Market analysts
  • Risk managers
  • Portfolio managers
  • Capital markets professionals
  • Brokers
PRODUCTS

XSignals Intelligent Commodity Data Products

XSignals provides daily and historical data covering these instruments:

  • Project-specific carbon credits
  • GEO VCM benchmarks
  • North American RECs

XSignals daily and historical data series provide price and volume from transactions on the CBL spot exchange. More than 250 project-specific credits have traded this year on the exchange.

PRODUCTS

Carbon Offsets

HISTORICAL

A complete series of all on-screen orders matched and cleared transactions since January 1, 2019.

DAILY

A compilation of all on-screen orders, matched and cleared trades as of 4:00 pm (Eastern)

PRODUCTS

VCM Benchmarks

HISTORICAL

A complete record of all on-screen orders and transactions of Xpansiv’s suite of GEO VCM standardized contracts since their October 2020 launch.

DAILY

A compilation of all on-screen orders, matched and cleared trades as of 4:00 pm (Eastern)

 

PRODUCTS

US RECs

HISTORICAL

A complete log of all on-market orders and transactions for all US RECs traded on the CBL Exchange since January 1, 2019.

DAILY

A daily log of all orders and on-market trades from the CBL Exchange as of 4:00 pm EST, for US REC instruments.

ASSESSED

Daily assessed closing prices as of 4:00 pm EST for US RECs, derived from trading data produced on the CBL exchange.

Contact Us

XSignals@xpansiv.com