CantorCO2e’s carbon closure signals consolidation
As exchanges see a rise in carbon trade volumes, consolidation among brokers is expected. Katie Holliday looks at whether CantorCO2e’s closure could be the first of many
UK carbon trading firm CantorCO2e, owned by global brokerage Cantor Fitzgerald, has announced the closure of its UK carbon trading desk in a move that analysts say signals the beginning of a wave of consolidation in the market.
“The carbon market is already overpopulated with interdealer brokers, chasing around clients when there was only a finite amount of business,” says Andrew Ager, head of carbon trading at UK carbon trading firm Bache Commodities.
Emmanuel Fages, carbon analyst at French
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