A unique product and business development firm in global environmental markets and related commodities – we are building tomorrow’s markets

What Makes Us Different

We’ve created the world’s largest suite of listed environmental markets

Our team pioneered many of the first exchange traded environmental contracts. We build on that experience with a strategic vision to become the leading environmental commodity specialist.

Core Values Drive Our Business


Our strong connection with customers, partners and other market participants help us create and expand markets. Through trusted dialog and customer feedback, we design new contracts and make key improvements to existing markets. Our personal connections are the cornerstone for everything we do.


Our team uses decades of combined experience and established relationships to identify evolving market dynamics and launch and adapt contracts with purpose, agility and precision.


We work with customers and our exchange partners to analyze product details and market infrastructure to create efficiencies. Knowing the details that matter makes the difference and we are dedicated to continuous improvement.

IncubEx News

Nodal Exchange and IncubEx Collaborate to Launch Ten First of Their Kind Renewable Futures & Options

8/30/2020 WASHINGTON & CHICAGO Nodal Exchange and IncubEx announced today the upcoming launch of ten new Renewable Energy Certificate (“REC”) futures and options contracts, adding to the world's largest suite of environmental products. Pending regulatory review,...

Part of the Climate Solution Is Found In Our Past

6/23/2021 CHICAGO By Michael J. Walsh, Managing Director of Research & Public Policy, IncubEx The shift toward "net zero" is on. Reaching aspirational goals to stave off the worst of global warming requires a multifaceted approach that includes one critical...

Nodal and IncubEx Expand Environmental Suite with New EPA Cross-State Air Pollution Rule Contracts

6/1/2021 WASHINGTON & CHICAGO Nodal Exchange and IncubEx today announced the successful launch of new nitrogen oxides (NOx) futures and options, plus extended vintages on two Texas voluntary renewable energy certificate (REC) contracts. The new physically...

Contact Information

Please contact IncubEx with any questions regarding our products, how to trade, or feedback for new or existing products.

London Office


+44 (0) 203 965-2000

5 Clifford Street

Mayfair, London


Chicago Office


+1 (312) 464-9801

410 N Michigan Ave.

Suite 910

Chicago, IL 60611