FEX Global Sets December Date for Listing Large-Scale Generation Certificate (LGC) Deliverable Environmental Futures Contract
The Australian Market Licence Operator, FEX Global , will make its physically deliverable Large-Scale Generation Certificate (LGC) Monthly Futures Contract available for trading on Monday December 11th, 2023 (subject to the completion of final regulatory steps).
- The Australian Market Licence Operator, FEX Global , will make its physically deliverable Large-Scale Generation Certificate (LGC) Monthly Futures Contract available for trading on Monday December 11th, 2023 (subject to the completion of final regulatory steps).
- The LGC futures contract will complement FEX Global’s suite of Australian Power and Gas Contracts.
- FEX Global’s LGC futures contract will be the only centrally cleared environmental derivatives contract available for trading on a licenced futures market in Australia.
- Thomas Price, Director of FEX Global commented, “We have chosen the LGC certificate as our first environmental futures contract because it is a standardised instrument, with each LGC certificate fungible with each other.