Jarden launches carbon trading in Australia, powered by Tecassa’s Crossfire

Jarden launches carbon trading in Australia, powered by Tecassa’s Crossfire

Jarden Australia has launched commtrade, a real-time trading platform for carbon and renewables trading. This milestone marks a significant step in the digitisation of carbon credit trading, offering an innovative solution for an Australian market with increasing interest in the asset class.

With over a decade of success in New Zealand, Jarden’s commtrade platform now enables Australian clients to buy and sell carbon credits efficiently. The transition from traditional voice-based methods to a digital marketplace provides greater transparency and accessibility for trading carbon credits and renewable energy certificates.

Jarden partnered with Tecassa for the development and operation of the enhanced commtrade platform.

Tecassa’s Crossfire platform is known for its high-performance matching engine, ensures security, scalability, and flexibility. The platform’s focus on quick time-to-market for new tradeable and OTC products helped to address the growing demand for efficient carbon credit trading solutions.

Riley Vernon, Head of Australian Commodities at Jarden, commented, “commtrade has been pivotal in New Zealand, providing a transparent spot exchange for carbon credit trading. With its launch in Australia, we aim to meet the growing demand for carbon credits and offsets. The collaboration with Tecassa has been instrumental in our Australian launch, ensuring support for increased trading volumes and operational efficiencies.”

John Greenhow, Managing Director of Tecassa, remarked, “Crossfire’s high-performance matching engine and robust architecture provide a quick route to market for innovative trading solutions like commtrade.  We’re very proud to leverage our team’s expertise in markets technology to support the global push towards decarbonisation.”