• CIX Intelligence is a new carbon market data and analytics service slated to launch in July 2024
• Offers the granular data needed to make VCM trading and investment decisions with confidence
• Access CIX’s groundbreaking VCM trade database covering thousands of price points across CIX trading venues and the wider OTC market, as well as exchange-powered benchmarks

Climate Impact X (CIX), a global carbon market solutions provider, is set to launch a new market intelligence service in the coming months to help inform decision-making and raise market-wide price transparency across the voluntary carbon market (VCM). This builds on the success of its popular daily carbon market report, CIX Carbon Daily, which has drawn a global subscriber base of over 600 companies and counting since its release last year.

CIX Intelligence will offer exclusive access to a groundbreaking trade database, which aims to provide a new level of visibility into trading, price and liquidity patterns, and help to unlock better understanding of credit type- and project-specific price dynamics. The database will comprise several thousand project- or contract-specific transactional data points across the VCM. This repository of historical disaggregated records will include bid, offer and trade data reported by market participants as well as proprietary data from CIX’s trading venues, making it an ideal and powerful new tool for carbon traders, commercial managers and analysts.

The service also includes CIX’s growing suite of on-screen driven price benchmarks, which are built on global best practices and underpinned by trading activity during CIX Exchange’s signature time-bound pricing sessions. These daily or weekly liquidity windows concentrate trading activity for different segments of the VCM and generate high-quality data points, resulting in sharper, market-driven prices.

Julien Hall, Pricing Director at CIX, said, “Pricing in the VCM is both opaque and uniquely complex, hindering market efficiency and fairness. By lifting the veil and providing the market with a database of actual disaggregated trade data, we hope to contribute to a reduction in market-wide information asymmetry and equip market participants with foundational new tools to power their analytics. Price transparency is a cornerstone of a well-functioning market, and alongside this innovative new dataset, we are proud to continue our work to establish relevant and participatory price benchmarks.”

Mark Glossoti, Chief Operating Officer at CIX, said, “The launch of our new market intelligence service expands the CIX solutions suite underpinning our mission to create real impact by turning trust in carbon credits into tangible and actionable outcomes. Removing key barriers to participation, such as the lack of certainty and transparency, is crucial to building market confidence. Improved trust can in turn help to create the liquidity and depth needed to accelerate growth of the carbon markets, which are an essential part of the solution to climate change.”

CIX will continue to expand its VCM trade database, and new benchmarks will also be introduced in response to market needs and conditions.

CIX’s suite of on-screen driven benchmarks includes CIX Nature X (CNX), CIX Cookstoves X (CCX), the recently launched CIX ARR X (CAX), and will grow to include other relevant segments of the VCM such as credits eligible under the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP), among others.

CIX spot price assessments are built on pricing methodologies and governance processes aligned with international best practice, with the company confirming alignment of its CNX benchmark with the International Organisation of Securities Commissions Principles for Oil Price Reporting Agencies (IOSCO Principles) last November following an independent audit by professional services firm Ernst & Young.

Source: CIX