- Cloud-based SaaS technology from Nasdaq to underpin CIX’s third platform – a spot exchange for quality carbon credits
- Partnership brings cutting-edge trading functionalities to the voluntary carbon market for the first time to serve the growing needs of financial institutions and institutional investors
- Slated for launch in early 2023, the exchange will enable two-way spot trading via standardised contracts, increasing access to transparent pricing signals and real-time market data
Nasdaq (Nasdaq: NDAQ) and Climate Impact X (CIX), a global marketplace and exchange for quality carbon credits, today announced a strategic technology partnership that will help unlock price transparency and liquidity in the voluntary carbon market. The agreement will see CIX leverage Nasdaq’s robust matching technology to power its spot trading platform, which will launch in early 2023 for financial institutions and institutional investors worldwide.
Carbon credits have a range of attributes that can influence their price – such as the type of project or its location – since buyers value these characteristics differently. This inconsistency creates challenges in matching an individual buyer with a corresponding supplier, and can often be a time-consuming and inefficient process.
Read the full release here.