Global carbon market solutions provider Climate Impact X (CIX) is set to launch CIX Intelligence, a market intelligence service in the coming months to help inform decision-making and raise market-wide price transparency across the voluntary carbon market (VCM).

The launch, the provider says, builds on the success of its popular daily carbon market report CIX Carbon Daily, which has drawn a global subscriber base of over 600 companies since its release last year.

The new service will offer exclusive access to a ground-breaking trade database, which aims to provide a new level of visibility into trading, price and liquidity patterns, and help to unlock better understanding of credit type- and project-specific price dynamics.

The database will comprise several thousand project- or contract-specific transactional data points across the VCM. This repository of historical disaggregated records will include bid, offer and trade data reported by market participants as well as proprietary data from the company’s trading venues, making it, the company argues, an ideal and powerful new tool for carbon traders, commercial managers and analysts.

The service also includes the company’s growing suite of on-screen-driven price benchmarks, which are built on global best practices and underpinned by trading activity during CIX Exchange’s signature time-bound pricing sessions. These daily or weekly liquidity windows concentrate trading activity for different segments of the VCM and generate high-quality data points, resulting in sharper, market-driven prices.

“Pricing in the VCM is both opaque and uniquely complex, hindering market efficiency and fairness,” adds Julien Hall, the company’s pricing director. “By lifting the veil and providing the market with a database of actual disaggregated trade data, we hope to contribute to a reduction in market-wide information asymmetry and equip market participants with foundational new tools to power their analytics.”