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Futures and Commodity Market News |
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Fri Nov 20, 2009 |
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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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Nov 07, 2009 (Close-Up Media via COMTEX) -- APX Inc., an infrastructure provider for environmental and energy markets, announced the launch of APX Project Track which allows project developers, buyers, and sellers of carbon offsets credits and forwards to find and share project-related information, documents, and contract information. - APX Project Track consolidates public project information across voluntary and compliance carbon offset programs, including CDM/JI, VCS, Gold Standard, and Climate Action Reserve projects. - APX Project Track provides a Data Room that enables buyers and sellers to share confidential documents and contract-related information in a secure manner. The Data Room is linked and synchronized with underlying credit registries and will be linked with APX's new registry for forward contracts. As part of the launch, APX has issued Environmental Instrument Numbers (APX EINs) and Universal Project Numbers (APX UPNs) for all projects. The intent of these new communication standards is to enable automation and efficiency for transactions of credits, allowances, forwards, futures, and other instruments across globally linked environmental markets. This will serve to lower costs while increasing market confidence. "With the growth in voluntary and compliance carbon markets around the globe, companies will need to connect and exchange information reliably to trade project-based carbon credits," said Brian Storms, Chairman and CEO, APX Inc. "We believe that the new identifiers are essential to standardize financial transactions in carbon and represent a key milestone in the development of environmental markets. We are eager to offer purpose-built solutions that provide a proper OTC market structure and support deal flow." APX Project Track is a service of the APX Environmental Management Account, APX's flagship offering that provides a suite of solutions for environmental asset and risk management in the new carbon economy - from implementing and managing an asset acquisition strategy, to conducting transactions and monitoring results, and creating environmental credits that monetize environmental benefits. ((Comments on this story may be sent to newsdesk@closeupmedia.com)) |
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Copyright Close-Up Media, Inc. 2009. All Rights reserved Please read the End User Agreement. News provided by COMTEX |
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