The transaction was brokered this month by Greenlight Commodities on behalf of a Houston-based environmental hedge fund, which sought access to a contract tracking whether a specific price will be realized at a May auction of carbon allowances in California. The contract was created and certified specifically for that trade, Kalshi said in a statement on Monday, with market maker Jump providing liquidity on the opposite side.
The block trade was a six-figure sum, making it far smaller ...