Market mechanisms and infrastructure play critical roles in all areas of financial markets.

Early recognition of the importance of environmental commodities led the Board of NZX (www.nzx.com) to invest through 2005 and 2006 in extensive research and development on the role that a regulated securities exchange and subsidiaries could play to support this market. This leadership and foresight resulted in the formation and incorporation of TZ1 Limited in early 2007.

30 June 2009 NZX announced the acquisition of the TZ1 Registry by Markit at such time the TZ1 Registry became Markit Environmental Registry. Markit Environmental Registry offers a robust fully integrated financial market infrastructure platform for environmental commodities.

The Markit Environmental Registry service, provides critical market capability including issuance, holdings, transfers, retirement services, and financial market requirements such as delivery versus payment. Designed specifically for environmental markets and financial market activity, the Markit Environmental Registry supports transacting in high quality voluntary carbon credits and environmental certificates and credits through a credible, externally audited retirement facility.

Leveraging the larger Markit organization its Environmental Registry has offices in 20 locations around the world with primary offices in the US and the United Kingdom. Operational headquarters will be based in New York City from 1 September 2009. With a key focus on values and service provision the Markit Environmental Registry is proud to be recognized as a "company which is good to do business with."