Proactive Investors - Run By Investors For Investors

Aggregated Micro Power's Incubex associate to launch North American environmental futures

Incubex has partnered with Nodal Exchange, a derivatives platform that specialises in the North American commodities markets
carbon picture
Californian carbon allowances will be among the products

Aggregated Micro Power’s (LON:AMPH) carbon and renewables associate Incubex will launch its first range of North American environmental products in November.

California carbon allowances and New Jersey solar certificates will be among the futures and options available. Incubex has partnered with Nodal Exchange, a derivatives platform that specialises in the North American commodities markets.

READ: Aggregated Micro believes in power of local energy

Part of EEX Group, Nodal offers over 1,000 localised electricity futures contracts and also has a Henry Hub natural gas contract.

The new environmental contracts will complement this core energy business and allow participants to benefit from optimised portfolio margining, it said.

All Nodal Exchange contracts are cleared by Nodal Clear, which is a CFTC-registered derivatives clearing organisation. 

Dan Scarbrough, IncubEx’s chief operating officer, said: "Environmental markets are longstanding and expanding in North America, and our initial product set is reflective of the wide array of active programmes.”

Paul Cusenza, Nodal Exchange’s CEO, said the new products were complementary to its core business and would allow it to grow further into new and evolving markets.

Aggregated Micro has a 29.08% stake in Incubex.

View full AMPH profile View Profile

Aggregated Micro Power Holdings plc Timeline

Related Articles

The US World Trade Center burns on September 11, 2001
December 04 2018
The company is chaired by Australia's former defence and foreign affairs minister Stephen Smith.
marketing
September 18 2018
New business from the likes of Vodafone and GSK and a strong contribution from The Corner, which it acquired in December, meant revenues jumped 70% in the first half
remote meeting
August 14 2018
The acquisition of MeetingZone earlier this year has been called “transformational” by LoopUp bosses

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use