Financial Soultions: Nymex’s Green Exchange gets new head.

Sept. 15, 2009 - PRLog -- In a recent statement available to Financial Soultions, the Green Exchange Holdings Chairperson said “Tom Lewis has extensive experience in emerging environmental and energy markets such as electricity, renewable energy, carbon and emissions trading."

"He brings a unique understanding of how to successfully build and scale up new business models in both the broker-dealer and the environmental sectors."

Nymex was launched as a New York equivalent of the Chicago Climate Exchange as well as a competitor, in early 2008, according to Financial Soultions research.

Green Exchange has battled to secure a segment of the $126 billion global carbon emissions trading market, trading negligible volumes since its launch.

Market analysts had predicted early on that Green Exchange would lead exchange trade in the new U.S. regional emissions market, called the Regional Greenhouse Gas Initiative, but it has so far amounted to very little.

Earlier this month, Financial Soultions saw Green Exchange put aside trading fees for 3 months for all emissions futures and options, including European Union carbon permits, in an attempt  to gain market share from U.S. emissions exchange leader Chicago Climate Exchange, a subsidiary of Climate Exchange Plc.

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