Trading model
Greenmarket’s trading model creates ideal conditions for all participants, offering real-time trading with integrated clearing & settlement.
Trading on greenmarket
Real-time trading involves multiple processes. The carbon trader or Non-Clearing Member (NCM) interacts with greenmarket and its settlement bank, known as the General Clearing Member (GCM).
The individual conditions such as fees or credit lines are arranged between the trader (NCM) and its settlement bank (GCM).
Order Entry
The NCMs enter their order on greenmarket directly via GlobalVision. Orders can also be placed by fax.
Matching
All orders are entered in Global Vision, a system which matches buying orders with selling orders at the same price.
Transaction confirmation and order book status
The NCM can view its order status at all times and receives a direct trading confirmation.
Start of Clearing & Settlement
At this point in time a fully-automated settlement process.
Trading via greenmarket
Order types
All traders (NCM) can use Global Vision to track rates and map their entry and exit strategies.
There are two options for order execution:
- On order book
The exchange-based trade is anonymous and the settlement of the order takes place within T+1.
- Off order book
The counterparty for the cleared OTC order is selected from the member list. Ssettlement of the order takes place in real time (T+0).
A variety of functions can be selected for both order types:
Orders | |
|---|---|
…by validity | Good till cancelled |
Good till date | |
Good for date | |
…with limit | Limit orders |
…without limit | Market orders |
…with special tasks | Iceberg orders |
Fill or kill |
