- CBL is the first trading venue to provide electronically cleared and settled spot contracts derived from source commodity data on its platform
SYDNEY, SAN FRANCISCO, NEW YORK – 15 August 2018– CBL Markets (CBL), leading spot exchange operator for global energy and environmental commodity markets, today announces a strategic partnership with Xpansiv to list a suite of new commodity products based on Digital Feedstock™.
Digital Feedstock™ is a new, standardized data format combining data science, cryptography and distributed ledger technology (DLT), which allows source commodity production data to be confidentially and securely transferred among parties. For the first time, information about a physical commodity and aspects associated with its production can be seamlessly delivered to market with the assurance of data integrity and provenance.
“The integration of Digital Feedstock™ with the leading spot exchange paves the way for the digital migration of commodities. It increases transparency, reduces transaction costs and eliminates counter-party risk, while enabling the trade of commodities derived from authenticated source data. The partnership is the foundation of a new, digital commodity ecosystem that will transform how commodities are valued and transacted globally”, said Joe Madden, CEO of Xpansiv.
Responsible upstream commodity producers can now seamlessly connect with downstream market demand and transact new, differentiated commodities in a transparent marketplace, benefitting all market participants and delivering positive, market-driven impact.
CBL’s initial Digital Feedstock-based products will include spot contracts for differentiated Natural Gas, digitized Renewable Fuels and differentiated agricultural products.
“This marks the beginning of an ongoing, collaborative partnership to build a new infrastructure for low-impact, digital commodities”, adds Nathan Rockliff, Managing Director North America at CBL Markets, “The partnership of CBL and Xpansiv will help accelerate the global trend for consumers to purchase and producers to price differentiated commodity products.”
The combined technology suite and operating models of CBL and Xpansiv are well suited for organizing and supporting more complex differentiated products, including renewable fuels and water.
The announcement marks the first in a series of pending new product announcements based on the strategic partnership and follows CBL’s recent partnership with the Tasmanian Gas Pipeline to launch capacity and loan gas trading on its global exchange. These products leverage CBL’s unique experience and market technology to support and organize more complex differentiated products such as renewable energy, water and emissions.
About CBL Markets
CBL Markets is a global exchange providing market participants with access to the world’s energy and environmental commodity markets. With a vision of bringing efficiency, transparency and liquidity to commodities markets, our exchange connects buyers and sellers around the world to facilitate the secure and seamless trading of energy and environmental commodities, including carbon, renewable energy, water, and natural gas.
For more information please visit cblmarkets.com or follow us on Twitter (@cblmarkets).
About Tasmanian Gas Pipeline Pty Ltd
Xpansiv is a team of industry leaders and experts focused on improving the way commodities are produced, managed, and traded today. Xpansiv transforms the business of global commodities from digital assets that contextualize production data and information through today’s leading technologies. By extracting and refining data in new ways to tell a more transparent and verifiable story, Xpansiv is revolutionizing the commodities ecosystem. The platform drives accuracy, enables market differentiation between commodities, and unlocks liquidity to deliver unprecedented opportunities and new insights.
For information about Xpansiv please visit www.xpansiv.com or Xpansiv’s LinkedIn profile.