Phoenix Partners Introduces Electronic Trading Platform For RECs

Phoenix Partners Group, an interdealer credit and equity derivatives broker, has introduced an electronic trading platform for renewable energy certificates (RECs).

The Web-based platform provides a real-time forum for buyers and sellers of RECs to review available inventory and place bids or offers for all tradeable REC programs from a single online screen.

All domestic renewable portfolio standards and voluntary programs are supported by Phoenix Partners REC platform, which also provides REC market quotes and historical REC pricing and statistics.

‘This electronic trading platform for the REC market will introduce efficiency, speed and centralization to a burgeoning, albeit complicated and fragmented, market,’ says Sakis Asteriadis, global head of environmental commodities at Phoenix.

Phoenix Partners consulted with several participants in the U.S. renewable energy markets to develop the trading platform.

For more information, visit phoenixpartnersgroup.com.

SOURCE: Phoenix Partners Group

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