The BCX will provide three modes of carbon trading, namely:

• auctions of carbon credits; [Our inaugural auction is targeted to take place on 16 March 2023, and will also be held from time to time, e.g. when a new category of standardised contract is introduced, to facilitate price discovery.]
• spot trading for standardised contracts of carbon credits,
• off-market transactions. [Off-market transactions refer to contract deals that are matched outside of our central order book and where the buyers and sellers want to utilise our onboarding (i.e. know-your-client processes), as well as clearing and settlement services for their direct carbon credit transactions.]
• BCX Auction-as-a-Service (AaaS) is a platform that facilitates transparent and competitive auctions for suppliers to efficiently identify offtakers for their environmental product e.g. renewable energy supply from CRESS programme, unbundled RECs.