Banca Finnat has always looked at ways of extending its offering of Brokerage services. In 2013 it set up a desk dedicated to the greenhouse gas emission quotas market (“Emission Trading”) and joined the European Union Registry of emissions, managed in Italy by the Ministry of the Environment.
The desk is active not only on derivatives markets in emission quotas (mainly ICE Futures Europe), but also in the execution of orders on the spot market: to protect and guarantee Clients, the Bank also adopts trading methods for these transactions which are already consistent with “MIFID” requirements and are therefore based on maximum transparency, efficiency, security and shorter timeframes.
On 29 January 2019 Banca Finnat joined the ICE market as a ‘General Participant’, further strengthening its role as a primary bank operating in the emission trading system (ETS). Membership enables the Bank to carry out direct clearing activities on the ICE Clear Europe system, further extending the range of services offered to industrial clients and to other intermediaries needing a trader and a clearer admitted by ICE. In addition to brokerage, the Banca Finnat desk (the first Italian bank to join the European Union Registry for emission trading) also proposes customised risk management solutions to optimise compliance costs for ETS participants, as well as other solutions aimed at using the value of the emission rights portfolio.
Why trade in CO2 with Banca Finnat
Parties subject to the EU ETS directive who choose to operate through Banca Finnat will enjoy particular protection and an important series of advantages:
If your bank is interested in this service, please contact us for the necessary technical and commercial agreements: email@example.com
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