The Post Trade Services-CC&G and Monte Titoli segment is responsible for trades and contracts clearing, and relates to net interest earned on cash, securities held for margin and default funds, and settlement and custody services. The Post Trade Services-LCH segment refers to CCP and clearing services provided, non-cash collateral management, and net interest earned on cash held for margin and default funds. The Information Services segment refers to subscription and license fees for data and index services provided. It operates through the following segments: Information Services, Post Trade Services-LCH, Post Trade Services-CC&G and Monte Titoli, Capital Markets, Technology Services, and Other. GCN and its partners offer vehicle equipment manufacturing, comprehensive technologies, operation platforms, energy data and carbon credit services.London Stock Exchange Group Plc engages in the provision of global financial markets infrastructure services. (GCN): GCN is a service and product integrator in the global intelligent commercial transportation and equipment market to efficiently realize customers’ carbon neutrality goals. Headquartered in Australia GEM owns the CTX technology IP plus a suite of B2B / B2C solutions.Ībout GIGA Carbon Neutrality Inc. Trading out of HQ in London since 2008, CTX services over 500 members in more than 50 countries worldwide with T+0 trades online 24/7/365.Ībout Global Environmental Markets (GEM): GEM designs and develops environmental FinTech solutions including trading platforms, exchanges, registries, and interfaces. The CEO of GCN, Richard Martin, added that “this Strategic Partnership Agreement is a big opportunity for GCN to use its extensive network of partners, affiliates, and investors to fast track our global expansion plans with a proven set of carbon technology infrastructure”.Ībout Carbon Trade eXchange (CTX): CTX is the world's first and leading Voluntary Carbon Exchange trading multiple credit standards and project types with transparent wholesale pricing. CTX will supply and support the required technology – then the buyers decide ” Stock Exchanges globally are struggling to handle the unique carbon trading requirements in the voluntary markets – which deliver the much-needed Climate Finance via Carbon Credits. Current registry infrastructure is insufficient. The CEO of CTX, Wayne Sharpe, stated: “The current carbon markets must scale by a factor of 10 to 100X to reduce CO2 emissions globally and meet the Paris Agreement targets. GCN undertakes to support the expansion of the licensing of GEM technology infrastructure for National Carbon Meta-Registries for nations to activate their commitments under the Paris Agreement and the creation of ITMOs or voluntary carbon credits like the recently launched Global Carbon Registry (GCR) and credit standard and the recently released Core Carbon Principles by the Integrity Council for voluntary carbon markets.ĬTX, GEM, and GCN will work together to expand origination of voluntary credits globally and execute larger-scale trading of the credits, bringing together the GCN business and financial network with the 15 years of experience embedded in CTX and GEM’s “Technology Infrastructure for the Future of our Planet”. These include the UNFCCC CDM Registry, Verra VCS, and Gold Standard. Thus, an AI and blockchain-technology-powered global carbon marketplace will be created featuring carbon futures contracts based on trusted high-quality carbon credits from hundreds of projects in multiple carbon registries. The partnership agreement will enable GCN to negotiate deals with carbon trading platforms and regular stock exchanges worldwide to provide buyers spot market access to carbon credits, RECs (Renewable Energy Certificates), and offsets. (“GCN”) today announced the signing of a Strategic Partnership Agreement with London-based Carbon Trade eXchange (“CTX”) and its Australian technology parent company Global Environmental Markets (“GEM”) to globally expand CTX technology and trading.ĬTX has launched a White Label version of its carbon market technology. LONDON-( BUSINESS WIRE)-GIGA Carbon Neutrality Inc.
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