Barcap launches CER swaps
Barcap hopes to settle the swaps against the closing price of exchange-traded CERs, which are expected to launch on European Climate Exchange (ECX) and other exchanges soon. Until then, the swaps will settle against the average of Point Carbon's secondary market CER assessment mid-price and the Reuters CER index price.
“We have been trading EUA swaps for years but recently there has been a dramatic growth in spread trading between EUAs and CERs,” says Louis Redshaw, head of environmental markets
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