CME Deals For GreenX In Carbon Market Push

Law360, New York (April 3, 2012, 5:18 PM EDT) -- Chicago Mercantile Exchange operator CME Group Inc. has bought a 100 percent equity interest in carbon exchange Green Exchange LLC's parent GreenX Holdings LLC in a move to boost its carbon energy product offerings, CME said Tuesday.

Green Exchange, which was set up in 2008, soared to become the world's second-largest carbon exchange in the world as volumes on all contracts on the exchange grew by more than 300 percent in 2011, with more than 450,000 contracts traded, roughly the equivalent of 450 million metric tonnes...
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