CHICAGO
IncubEx, a privately held company that designs and develops new products in global environmental, climate risk and related commodity markets with industry leading partners, is pleased to announce that Ed Fraim has joined as Senior Vice President, focused on carbon platforms, market data and business development.
Fraim will apply his deep market and product development experience to the growth of global carbon market initiatives including The Voluntary Climate Marketplace (TVCM), the global market for voluntary carbon offsets launched in collaboration with Trayport in March 2022. He also will provide leadership with regard to IncubEx’s market data platforms, products and market development.
Fraim brings over 20+ years of energy and commodities derivatives trading and technology expertise and experience with integrated trading, market data, messaging and risk offerings that optimize trader workflows for the energy, carbon, commodities, equity, credit and digital asset markets. Fraim served as Vice-President, Head of ICE Proprietary Data from 2002 to 2017 and helped pioneer many of the product settlement, indexing, benchmarking and valuations methodologies and market data offerings now commonplace in the energy derivatives market. Most recently, Ed has been consulting with corporates, asset managers, private equity and other investors interested in the voluntary and compliance carbon markets.
“I am excited to join the IncubEx team at a time when we are witnessing a sea change in addressing climate change,” Fraim said. “These markets are vital to companies and market participants that require trading instruments, high quality market data and sophisticated risk management technologies and tools to achieve their carbon reduction goals. IncubEx is perfectly placed alongside their partners to provide these vital products and services to this growing number of participants.”
“In the past five years, IncubEx has established itself as a true accelerator of environmental markets, expanding carbon markets on EEX, developing the world’s largest suite of listed carbon, renewable energy certificate and renewable fuel credit products with our partners at Nodal Exchange, and launching an innovative new marketplace in the voluntary carbon offset sector with TVCM,” said Michael MacGregor, CEO of IncubEx. “We’re excited to bring Ed onboard to continue expanding the breadth and scope of these burgeoning markets.”
IncubEx is an incubator for products, services and technology solutions in environmental markets with partners and stakeholders to design and develop new financial markets, technologies and trading solutions in global environmental, climate risk, and related commodity markets. IncubEx serves as the operator of The Voluntary Climate Marketplace (TVCM). The company also works in conjunction with its global exchange partner, European Energy Exchange (EEX) and its U.S. subsidiary, Nodal Exchange. The IncubEx team is led by former key executives from Climate Exchange, which pioneered exchange listed environmental futures and options contracts and CCX, the world’s first and only voluntary, but legally binding greenhouse gas emission reduction and trading program. IncubEx, a privately held company founded in 2016 with offices in Chicago and London, is uniquely positioned to capture these opportunities globally with its partners. For more information, please visit https://theincubex.com/.About IncubEx
For more information, please contact:
Jim Kharouf
Communications Director
P: 773-391-0439
jim.kharouf@theincubex.com