Carbon Markets Adopt Algo Trading

The price of carbon has been affected by the current market turmoil as the industry tends to produce less. As a consequence, the demand for carbon permits drops, explains Patrick Birley, CEO of ECX. However, "a great deal" of over-the-counter (OTC) activity has moved onto the exchange, he says. "It's very difficult now to do bilateral trades because of credit issues so people are much keener to have their volume traded in a transparent marketplace where they have access to clearing and