StoneX Financial clients can trade environmental options & futures via Nodal Exchange
StoneX Group Inc. (NASDAQ:SNEX) today announced that clients of its subsidiary StoneX Financial Inc. can now access the full suite of physically deliverable environmental futures and options contracts via the Nodal Exchange.
These contracts span markets that include sustainable energy, carbon emissions, renewable fuels, and pollutants such as sulfur dioxide and nitrogen oxide.
Dave Smoldt, President of StoneX Financial Inc’s Commodities Division, commented:
“We’ve seen client demand for these environmental contracts increase significantly due to evolving environmental policies and the ongoing focus towards ESG practices. Adding to our extensive suite of commodity-focused contracts allows our clientele to further expand upon their environmentally focused goals. Gaining access to this new exchange allows us to serve a wider range of clients, from ESG ETF advisors to the utility provider looking to hedge their operational risk, using these futures and options contracts.”
StoneX offers physically deliverable contracts across the spectrum of commodity types and is actively seeking new venues to cooperate with, thus allowing greater access to the products in demand. As the world increasingly focuses on corporate sustainability and carbon neutrality, as evidenced by the rapidly growing Carbon Emissions Allowances and Offsets markets, the renewable fuels and pollutants contracts offered by Nodal Exchange allow for active participation in this space.
Users of these products include: energy refiners, distributors, producers to energy traders, and environmental, social, and governance (ESG) fund managers.
Greg Greves, Managing Director of Clearing and Execution Services at StoneX Financial Inc. added:
“StoneX’s institutional clientele seeking exposure to carbon offsets can now meet that need with the same firm that delivers access to all other commodities. Whether the goal is to achieve carbon neutrality or build out their own ESG-focused investment products, StoneX continues to respond to the needs of clients worldwide.”