Contact UsThe Exchange that listens to the Market.
Shaped by our Shared Experiences.
Built by Traders, Brokers & Engineers
We're a team of builders, traders, engineers and believers.
Built by Operators
Initiativ is a venture-backed company founded by experienced operators across finance, regulation, commodities, and digital assets. We combine deep domain expertise with a hands-on mindset to solve real, complex problems.
Challenge the Status Quo
We’re here to challenge how things are done with courage, precision, and a healthy sense of humor. We believe meaningful change comes from questioning assumptions and building smarter, simpler alternatives.
Values-Driven Execution
Our team is united by transparency, trust, efficiency, and curiosity. We believe in lean execution, long-term thinking, and saying yes to smart ideas that help us build something truly transformative.
Our Initiativ Founders
With deep experience across finance, regulation, commodities, and digital assets, Initiativ’s founders came together to build infrastructure that challenges the status quo. Shaped by years inside complex markets, they founded Initiativ with a focus on precision, trust, and long-term impact.
Isaure Courcenet
Co-Founder & CEO
Commodities broker at World Bank-backed fintech & Product Lead for DLT-based institutional projects.
Nicolas Bigotte
Co-founder & CCO
Ex-Global Head of Carbon Sales at BP, ex-origination Société Générale.
Nicolas Negrilic
Co-Founder & COO
Ex-Chief Risk Officer at Shares. Ex-HSBC Global Markets.
Discover the Team
Klaudia Ludwisiak
Product Lead
Loic Payol
Engineering Lead
Marius Poke
Architecture Lead
Fei Liu
Senior Business Developer
Grigory Kornilov
Part-time CFO
Aleksandar Ignjatijevic
Senior Engineer
Dragos Suceveanu
Junior Engineer
Camilla Utegenova
Business Analyst
Marie L’Hermite
Legal
Guillaume Ruffloch
Business Developer
David Kenney
Senior Advisor
Nicolas Bacca
Senior Advisor
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We’ve Answered the Most Common Ones Here.
We’ve made it simple. Trade instantly, schedule your procurement, and generate yield, all in one place.
Do I need to be a compliance entity to participate?
No. Initiativ is open to both EU ETS compliance entities (including industrial installations, power generators, aviation and maritime operators) and financial participants such as banks, trading firms, asset managers, hedge funds and carbon brokers. Firms can apply for direct membership provided they meet our admission criteria and complete onboarding and KYC/KYB checks. Our onboarding team can help you understand the requirements for your regulatory status.
What products can I trade on Initiativ?
At launch, Initiativ offers EU Allowances (EUAs) in spot, futures and options. Our infrastructure is built to add further instruments over time, including ETS2 allowances once that market opens.
What's the minimum trade size?
Just 1 EUA, equivalent to 1 tonne of CO₂e, on our spot market. Unlike traditional exchanges where the standard lot is 1,000 EUAs, Initiativ lets you trade spot at any size. This makes carbon markets accessible to a much broader range of participants, from large industrials managing precise compliance positions to smaller operators and new entrants who previously couldn't participate efficiently. Futures and options trade in the standard lot size of 1,000 EUAs (1,000 tonnes of CO₂e).
Does Initiativ offer tools for risk management or price alerts?
Yes. The platform includes real-time price monitoring, configurable alerts, and pre-trade risk controls. Our infrastructure is built for professional participants who need fast, reliable execution and clear visibility of their positions, with API access available for automated trading and integration into existing risk systems.
Do I have security over my assets?
Yes. You retain full legal ownership of your assets at all times. Your cash is held by our clearing partner, as custodian, in a segregated account with a trusted banking partner. Your emission allowances are held in the EU's dedicated Union Registry, where they can only be accessed by our clearing partner on your behalf.
What are the fees to trade on Initiativ?
Initiativ offers tiered pricing designed to be significantly more competitive than the market standard. Get in touch for a fee schedule tailored to your trading profile.
How does margin work on Initiativ?
Initiativ's digital clearing architecture optimises initial margin in real time, so less of your capital sits locked up than on legacy venues. Contact us for full details on margin requirements.
Can I become a market maker on Initiativ?
Yes — Initiativ runs a dedicated market making programme with commercial incentives for qualifying participants. Reach out via Contact Us to learn more about eligibility and terms.
Is Initiativ regulated?
Initiativ is on track to be regulated by the AMF, pending finalisation of our Central Clearing Partner. Contact us for the most current information on our regulatory status.