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.
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.