ASX latest Oceania exchange to promise emissions contracts

Australian Securities Exchange (ASX) will introduce a futures market for emissions permits after the Australian government finalises its promised emissions trading scheme (ETS). It will also explore the possibility of an OTC clearing business for emissions.

Although no timescale has been placed on the scheme's launch, ASX has welcomed the government's commitment to its introduction saying that a futures market for the trading of permits is "key to the success" of the project. Robert Elstone, ASX's...