Carbon Trade eXchange (CTX) has launched a new service aimed at large institutional participants in the voluntary carbon market, offering a flat trading fee and eliminating its account-opening charge for the first time in its 18-year history.
The Australia- and UK-based exchange that CTX Corporate One is designed for major project developers, corporate offtake brokers, banks, institutional trading desks and companies trading high-quality carbon credits at scale.
The invitation-only service replaces CTX’s standard percentage-based commissions with a fee of US$0.10 per credit, per side. There is no account-opening fee or minimum balance requirement. The pricing is intended for trades involving credits typically valued at more than $10 per tonne of carbon dioxide equivalent (CO2e).
Platform Targets Large-Scale Trading
Announced on September 22, Corporate One provides round-the-clock electronic settlement, with trades clearing under CTX’s Continuous Trading Contract. Buyers can purchase credits either for transfer or retirement without maintaining their own registry accounts, the exchange said.
Members will have access to millions of credits across different projects, vintages and price levels. CTX also provides live foreign-exchange rates through Westpac Bank and generates invoices and statements at execution.
The exchange said its in-house trading desk will assist members with sourcing credits and constructing portfolios.
Relevant: Digital Carbon Marketplace CTX Hits One Billion Tonne Trading Milestone
“We’ve never gone to zero on our account fee, and we’ve never dropped a percentage commission for our biggest members, until now,” said Wayne Sharpe, the exchnage’s founder and chief executive.
CTX has operated continuously for more than 18 years without a trade default and has cleared more than 1 billion tonnes of CO2e offsets. Its marketplace currently features more than 320 projects across over 40 countries.
Access to Corporate One is by invitation, with eligible organizations able to request consideration directly from CTX.
Read more: Carbon Trading Beats Carbon Taxes In Cutting Emissions, Global Study Finds
