Tullett Prebon Launches First ACCU Futures Contract in Australia

Tullett Prebon Launches First ACCU Futures Contract in Australia

Tullett Prebon has successfully facilitated the trading of the first Australian Carbon Credit Unit (ACCU) CME-listed futures contract through its Singapore team. This marks a significant milestone in the carbon trading market. The contract, which officially had an announcement in September, commenced trading on October 13.

The Carbon and Renewables desk at Tullett Prebon played a pivotal role in working with clients in Singapore to execute the contract’s inaugural trade. This development is a key step in enhancing the accessibility and liquidity of carbon markets in the region.

Tullett Prebon Launches First ACCU Futures Contract in Australia

The listing of the ACCU futures contract follows a collaborative effort involving Xpansiv, a fully integrated market infrastructure provider, along with Platts and CME Group. As part of this partnership, Xpansiv’s existing standardized spot ACCU Generic contract is now settle with a new CBL-Platts ACCU price assessment. Additionally, CME Group has introduced a new generic CBL ACCU futures contract based on the underlying CBL spot instrument.

Santiago Parilli, Head of Carbon & Renewables, APAC for Tullett Prebon, expressed enthusiasm about the contract’s launch. “This is an exciting moment for the market’s development. Australia’s Carbon Units are rightly seen as amongst the highest quality. With the launch—and now first successful trade of the futures contract—we expect interest and participation will grow among both domestic and international counterparties,” he stated.

Also, this landmark event is going to foster increased engagement in the carbon markets as stakeholders seek to leverage the benefits of trading carbon credits in a more structured and efficient manner. Tullett Prebon’s successful facilitation of the ACCU futures contract sets a precedent for future developments in the growing field of carbon trading.

With increasing interest from both domestic and international participants, the ACCU futures market is going for expansion. This will potentially attracting a broader range of stakeholders looking to navigate the complexities of carbon pricing and invest in sustainable initiatives. As the market continues to evolve, Tullett Prebon’s initiative may serve as a catalyst for further innovation and collaboration in the realm of carbon credits and renewable energy.

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