Carbon Trade Exchange (CTX) has announced that the firm has launched a new technology platform and has rebranded as Colonial Bourses.
Nathan Rockliff, Executive Director and COO of CTX, commented:
The new technology will enable us to implement our multi-product vision and provide market participants with greater access to the world’s environmental markets that is simple, secure and transparent. We have recently seen a significant uptick in cleared spot trading for RGGI Products, a key milestone for us, and we look forward to rolling out additional innovations and products for market participants in the coming months.”
Associated with this change in technology and its multi-product vision, CTX is also moving away from its current brand of Carbon Trade Exchange (CTX) to a new brand Colonial Bourses.
Baden Wright, CEO, added:
The CTX brand is tied to the old technology and this change in brand is designed to reflect that our value to market participants extends far beyond carbon markets. With new technology, new products and new opportunities, we wanted a new brand to communicate our broader offering to market participants.”