Design, build and operate a carbon trading exchange.
CAS delivers full-stack carbon trading venues — spot, futures and OTC — across compliance allowances, voluntary credits, Article 6 ITMOs, renewable energy certificates and biodiversity units. From market design and rulebook to matching engine, clearing, registry integration, surveillance and regulator licensing.
Indicative bands — final scope confirmed after a 20-minute discovery call.
Practice positioning.
Carbon markets need credible venues. Whether you are a sovereign launching a domestic ETS auction platform, a regional bloc standing up a voluntary spot exchange, or a private operator building an Article 6 ITMO trading venue, the build looks the same: rulebook, matching engine, clearing & settlement, registry connectivity, surveillance, KYC/AML, and a regulatory wrapper that satisfies both market authorities and institutional participants. CAS designs and delivers carbon exchanges end-to-end. We translate the market structure into a legal rulebook, specify and integrate the trading and clearing technology, connect to national or international registries (CAD Trust, EU ETS, voluntary standards), and stand up the surveillance and compliance functions an exchange needs from day one. Engagements range from sovereign auction platforms to private trading venues for project developers and corporate buyers.
How CAS delivers.
Market design & rulebook
Instrument definition, membership criteria, trading hours, order types, price formation, position limits, default management, fee schedule and the exchange rulebook itself — drafted with national legal counsel.
Technology architecture
Matching engine selection or build, clearing & settlement layer, market data feed, participant portals, registry adapters (CAD Trust, EU ETS, Verra, Gold Standard, ART/TREES, national registries) and FIX/REST/WebSocket APIs.
Clearing, settlement & custody
DvP settlement against registry, margin and collateral framework, default waterfall, segregated client accounts and integration with banking rails for cash leg settlement.
Surveillance, KYC/AML & compliance
Real-time market surveillance, abuse detection, position monitoring, trade reporting, KYC/AML onboarding, sanctions screening and the operational risk framework regulators expect.
Regulatory licensing & launch
Engage the national market authority, prepare the licensing dossier, run dry-runs and member onboarding, then operate-and-improve through the first auction or trading sessions.
What's included.
What you receive.
Standards & frameworks.
Discuss this capability with CAS.
Senior practitioners brief governments, registries, project developers, and enterprise climate teams on implementation pathways.