Experienced exchange operators

Connecting buyers and sellers to trade multiple environmental products on one screen

CBL Markets provides access to the world’s energy and environmental commodity markets,
facilitating the secure and seamless trading of commodities like carbon, renewable energy, water, and gas.

As of August 2019, CBL Markets and Xpansiv Data Systems, Inc. completed their merger to form
Xpansiv CBL Holding Group (XCHG),
a first-of-its-kind platform that uses authenticated production data to enable the creation and transaction of commodity products comprised of information that was invisible, until now.

Our Story

Strategic Partners

Our established partnerships include major banks, registries, international environmental standards and leading industry associations to ensure our participants can trade in environmental commodity markets securely and seamlessly.

Board of Directors

As an XCHG Company, please refer to the XCHG.net website for the Board of Directors


As an XCHG Company, please refer to the XCHG.net website for the Leadership Team

Business Development

Ben Stuart
Chief Commercial Officer

Bob Shults
Head of North American Markets

Rene Velasquez
Head of Global Carbon

Scott Hernandez
SVP, North America

Nick D’Alleva
VP, International Carbon

Sean Barwin
VP, North America

Chris Ruck
VP, North America

Peter Favretto
VP, Voluntary Carbon & AU Energy

Peter Schriber
VP, Business Development

Tauni Berger
Director of Strategic Partnerships

Will Graham
Analyst, North American Markets

© 2021 CBL Markets
The world’s leading spot exchange for commodity markets