GFI's electronic energy trading platform covers a broad range of energy products and contract types. Energymatch® integrates liquidity from desks at both GFI and its subsidiary Amerex, displaying firm and tradable prices updated by the desks and their clients. Energymatch® currently serves the following markets:
Amerex began brokering emission allowances in 2001 with a focus on U.S. Federal SO2 and NOx forwards and options. Today Amerex brokers all the U.S. Federal and regional emissions markets including NOx, SO2, HGB NOx, ERCs, DERCs and RECs. Amerex offers both long and short term forwards as well as options in each of these products and is an industry leader in structured emissions transactions.
The SO2 market is a relatively mature and liquid market, with an active spot market and multiple hedging instruments including forwards, options, future vintage trading and swaps.
The NOx State Implementation Plan (SIP) call market is expected to become increasingly active in the coming years as more participants enter the market and the emissions allowance cap is lowered. The program aims to mitigate the significant transport of NOx across state lines and to facilitate cost effective NOx reductions throughout the region with a target of reducing NOx emissions by 85% from 1990 levels (to an emissions rate of 0.15 lbs/mmBtu).