Green Exchange Venture and Trayport(R) Announce Trading Access for Environmental Commodities

NEW YORK, April 13 /PRNewswire/ -- Green Exchange Venture and Trayport today announced an ISV connectivity interface between Trayport's GlobalVision Trading Gateway(SM) and the CME Globex electronic trading platform.  This connection will enable authorized Trayport users direct trading access to futures and options contracts on environmental commodities once these contracts have been migrated to Green Exchange LLC.  Environmental futures and options contracts are currently listed on NYMEX and are pending submission to and approval by the U.S. CFTC of Green Exchange LLC's application for designation as a contract market. 

The connection, facilitated by software made available through Object Trading's FrontRunner® suite of products builds on the strengths of Trayport's energy commodities trading distribution and the extensive CME portfolio of derivative products, which include the environmental futures and options contracts currently listed on NYMEX, a CME Group Exchange.  Tom Lewis, CEO of Green Exchange LLC, said: "Trayport's well-established position in commodity trading is a key element in allowing these emissions contracts the maximum exposure possible within the energy trading community."

Environmental futures and options contracts listed for trading and clearing through CME ClearPort include:  EUA, CER, CAR, RGGI, NOx and SO2 emissions allowances.  These standardized and physically deliverable contracts are available for trading via CME Globex and OTC clearing services are offered through CME's ClearPort OTC clearing facility.  These contracts will benefit from the unparalleled security of more than $8 billion in financial safeguards of the CME clearing house and cross margining with other NYMEX cleared futures contracts.

"We are pleased to expand our product offerings to include these environmental products," said Elliott Piggott, Managing Director, Trayport. "This shows more exchanges are now seeing the benefits of making their products available to the consolidated markets accessible on Trading Gateway. The new agreement with Green Exchange Venture will see additional US and European Union carbon allowance futures available on our platform. This gives Trayport's clients further access to both US and European emissions contracts."

This integration and new offering was made possible through the use of Object Trading and its FrontRunner® suite of software.  The Executive Director of Object Trading, Gerry Turner, commented, "We are delighted to be powering access to the Green Exchange Venture through Trayport. Object Trading's generic FrontRunner® interface enables Trayport to quickly and easily provide access to the Green Exchange with minimal technical integration effort; bringing this exciting global environmental marketplace online faster."

Access to trade the emissions contracts currently listed on NYMEX and cleared through the CME Clearing House can be secured by contacting your Trayport Client Services Representative or the Green Exchange Venture directly.  All connection fees have been waived through 2012.

Notes for Editors:

Green Exchange LLC

Green Exchange LLC is a wholly owned subsidiary of Green Exchange Holdings LLC, which is a joint venture among Chicago Mercantile Exchange; Constellation NewEnergy; Credit Suisse First Boston Next Fund; Evolution Markets; Goldman, Sachs; ICAP Energy; J.P. Morgan Ventures Energy; Morgan Stanley Capital Group; RNK Capital; Spectron Energy; TFS Energy; Tudor Investment and Vitol. Green Exchange LLC intends to build a leading global environmental marketplace. Green Exchange intends to make available a suite of futures and options products, such as the European Union carbon trading program, the Kyoto Protocol carbon offset program, the Regional Greenhouse Gas Initiative in the U.S. and U.S. domestic emissions trading programs.  These futures and options contracts on environmental commodities are currently listed on NYMEX which currently has self-regulatory responsibilities for the listed contracts. Pending submission to and approval by the U.S. CFTC of Green Exchange LLC's application for designation as a designated contract market, they will be migrated in the future to Green Exchange LLC.  

More information on Green Exchange LLC is available at www.nymex.greenfutures.com

About Object Trading Pty. Ltd.

Object Trading provides buy and sell side market participants with flexible, counterparty neutral Direct Market Access (DMA) infrastructure specifically engineered for ultra-high performance trading applications. Object Trading's FrontRunner® suite offers low latency, high volume order management, coupled with integrated real-time price distribution and independent risk management for enabling buy and sell side supervisory control. An all-in-the-box solution for over 50 major international markets with integration via either a rich professional API or industry standard FIX protocol. Object Trading has offices in London, Zürich, Chicago and Sydney.

More information on Object Trading Pty. Ltd. is available at www.objecttrading.com.  

About Trayport Limited

Trayport Exchange Systems is a business unit of Trayport producing software for exchanges worldwide. Trayport is the leading provider of software to the European commodity trading community. It develops, deploys and supports quality, resilient software for trading in any asset class worldwide in cleared or OTC markets. Trayport's GlobalVision(SM) software is used by the world's largest trading companies in high profile markets that include derivative and cash instruments. Founded in 1993, Trayport has offices in London, New York and Hong Kong. Trayport is a subsidiary of GFI Group Inc. ('GFIG' on Nasdaq). More information is available at www.trayport.com.

SOURCE Trayport