Commodity Trading & Risk Management
your partner in capturing opportunity and minimizing risk

First Capitol's ClearX carbon trading platform offers secure and transparent screen-based electronic trading of OTC carbon instruments across all major standards and markets. Traders, emitters, offset project developers and other market professionals utilizing ClearX gain superior real-time market access, price discovery and execution capabilities in the rapidly growing global carbon market.

ClearX Advantages

  • Transparent - the once opaque OTC carbon markets are now in clear view to all registered ClearX traders with real-time open and transparent pricing of the broadest universe of highly specified carbon instruments.
  • Live. Firm. Done. - The electronic trading screen allows traders to execute OTC deals with superior speed and efficiency. Carbon traders can hit or lift firm bids and offers on the electronic trading screen for highly specified carbon instruments. Trader's bids and offers remain fully anonymous until a deal is matched. Counterparties to concluded trades are anonymous to the market. First Capitol facilitates straightforward post-trade confirmations, clearing and settlement.
  • Unified Market - Trade all major carbon cash and derivative instruments on one screen. Arbitrage cash futures and inter-market spreads with greater efficiency. ClearX supports spot and forward transactions for highly specified offsets and allowances. The platform also supports OTC block trading of cleared carbon derivatives and trade matching of bilateral carbon derivatives.
  • Responsive - First Capitol understands the carbon market and lists on ClearX the carbon products in demand today by active carbon traders. We recognize the complexity of varying carbon standards and instruments and have listed highly specified carbon instruments. We are committed to quickly listing new products upon customer request.

Current ClearX Carbon Markets

  • Carbon Markets
    • CCX
    • EU-ETS
    • CAR
    • RGGI
    • More to follow - Contact Us today with any special requests
  • Transaction Types
    • Cash Spot
    • Cash Forwards
    • Cleared Block Trades
    • Bilateral Derivatives

ClearX Features

  • Hybrid trading platform supporting voice execution with your broker and trader execution on the electronic trading screen.
  • Instant access to real-time markets and historical market data.
  • Proven trading platform in production since 2005.
  • ClearX API for algorithmic program trading functionality.

Getting Started with ClearX

  • Contact Us with your company information and a First Capitol representative will schedule a live demo
  • Download the ClearX platform using the username and password provided by First Capitol
  • Complete and return the getting started package provided by First Capitol
    • Company Info Form
    • Authorized Trader Forms
    • User Agreement
  • Upon authorization by First Capitol you will be granted access to the live screen and can begin trading on ClearX

ClearX Security

  • Security Principles
    • Data is only routed to authenticated connections.
    • Orders automatically suspended on service interruption.
    • Strong password policies enforced.
    • Orders and trades are anonymous. Counterparty information is filtered from users with insufficient privileges.
  • Encryption Methods
    • ClearX uses a secure connection to communicate with our servers, based upon industry-standard encryption technology.
    • All messaging between the Client and the Servers (Gateways) is encrypted.
    • RSA (1024 bit) is used for key exchange when establishing the secure connection, and RC2 (128 bit) is used for data communication.
    • All passwords are stored in one-way encrypted form using an SHA1 hash algorithm. Passwords are not stored locally on the client.
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