| As Europe’s recession recedes, trading via brokers in the $74 billion carbon emissions market is plunging amid a record glut in the commodity Richard Sandor once predicted to reach the highest volume in the world.
Brokers’ share of the market slumped to an all-time low of 10 percent this year, from 30 percent in 2012, according to CME Group Inc. As middlemen from ICAP Plc (IAP) to GFI Group Inc. (GFIG) lost ground to regulated bourses, fees dropped to as low as 0.5 euro-cent (0.69 U.S. cent) a metric ton from 20 cents a decade ago, said Andy Ager, the head of carbon at Vertis Environmental Finance Plc in Budapest...............................................Full Article: Source |