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Market Highlights
-- ECX continued to achieve average daily volumes over 20 million tonnes
- July average 21.3m tonnes. Year to date volumes for EUAs and CERs stand
at 3.2 billion tonnes
-- Total open interest in ECX futures and options exceeded 700,000
contracts on 8th July and currently sits at record high 726,106 contracts.
Open interest levels grew 7% during July.
-- New quarterly options expiring into the December futures, known as ECX
'Serial' Option Contracts, were launched on 10th July and first trade was
transacted between RNK Capital and Citigroup.
-- Monthly Volumes in the REC complex hit a record 500 contracts, a 100%
increase over the 250 contracts traded in April 2009.
-- CCFE launched Vintage-Specific CCAR Futures on July 31st.
Total ECX Products (Contracts*)
-------------------------------
2009 2008 Change
July 470,914 346,302 +35.98%
YTD 3,156,100 1,403,488 +124.88%
Open Interest 726,107 409,787 +77.19%
*1 contract equal to 1,000 EUAs/CERs
ECX EUA Futures Contract
2009 2008 Change
July 335,135 235,349 +42.40%
YTD 2,344,215 1,003,487 +133.61%
Open Interest 336,787 213,273 +57.91%
ECX EUA Options Contract
2009 2008 Change
July 22,433 20,195 +11.08%
YTD 287,839 183,255 +57.07%
Open Interest 188,060 107,366 +75.16%
ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009)
2009 2008 Change
July 8,421 - -
YTD 21,915 - -
ECX CER Futures Contract (launched 14 March 2008)
2009 2008 Change
July 89,154 84,508 +5.50%
YTD 434,752 189,746 +129.12%
Open Interest 119,856 62,298 +92.39%
ECX CER Options Contract (launched 16 May 2008)
2009 2008 Change
July 15,450 6,250 +147.20%
YTD 65,920 27,000 +144.15%
Open Interest 81,404 26,850 +203.18%
ECX CER Daily Futures Contract (Spot) (launched 13 March 2009)
2009 2008 Change
July 321 - -
YTD 1,459 - -
CCX CFI (Contracts)
-------------------
2009 2008 Change
July 52,496 47,906 10%
YTD 311,530 510,134 -39%
CCFE (Contracts)
----------------
Total CCFE Products
2009 2008 Change
July 130,872 41,053 219%
YTD 748,490 333,118 125%
Open Interest 129,841 80,880 61%
CCFE SFI and NFI Futures & Options Contracts
2009 2008 Change
July 45,204 33,837 33%
YTD 338,092 305,944 11%
Open Interest 78,915 68,594 15%
CCFE Carbon Complex including CFI, RGGI, CCAR and WI
2009 2008 Change
July 85,088 6,462 122%
YTD 403,562 22,475 170%
Open Interest 43,909 8,851 396%
Other CCFE Products including IFEX
2009 2008 Change
July 580 754 -23%
YTD 6,836 4,699 45%
Open Interest 7,017 3,435 104%
For breakdown of daily trades, please refer to websites as follows:
ECX www.ecx.eu
CCX www.chicagoclimateexchange.com
CCFE www.ccfe.com
Neil Eckert, CEO of Climate Exchange plc, said: "July represents another month of solid progress at both ECX and CCFE."
About Climate Exchange plc
Climate Exchange plc is a holding company whose subsidiaries are principally engaged in owning, operating and developing exchanges to facilitate trading in environmental financial instruments including emissions reduction credits in both voluntary and mandatory markets. Its three main businesses are the European Climate Exchange (ECX) which operates the leading derivatives exchange focused on compliance certificates for the mandatory European Emissions Trading Scheme, Chicago Climate Exchange (CCX) which operates a voluntary but contractually binding cap and trade system for greenhouse gas emissions in the U.S., and the Chicago Climate Futures Exchange (CCFE) the leading U.S. regulated environmental products exchange whose contracts include mandatory U.S. emissions such as SO2 , NOx and RGGI CO2.
www.climateexchange.com
About European Climate Exchange
The European Climate Exchange (ECX) manages product development and marketing of futures, options and spot contracts based on CO2 EU allowances (EUAs) traded under the EU Emissions Trading Scheme and Certified Emission Reductions (CERs) issued under the Kyoto Protocol.
ECX contracts are listed and traded on the ICE Futures electronic platform, offering a central marketplace for emissions trading alongside other energy commodities with standardised contracts and clearing guarantees. ECX/ ICE Futures is the most liquid Exchange for carbon derivatives trading. More than 100 businesses have signed up for direct membership to trade ECX products. In addition, several thousand ICE clients can access the market via banks and brokers.
www.ecx.eu
About Chicago Climate Exchange, Inc. and Chicago Climate Futures Exchange
Chicago Climate Exchange (CCX) is a financial services business whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world's first and North America's only contractually binding rules-based greenhouse gas emissions allowance trading system, as well as the world's only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Greenhouse gas emission reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime. Independent third party verification is provided by FINRA. For a full list of CCX members, daily prices and other Exchange information please see the CCX website.
The Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of the Chicago Climate Exchange, is a CFTC designated contract market which offers standardized and cleared futures contracts on emission allowances and other environmental products. Clearing services are provided by The Clearing Corporation. Market surveillance services are provided by the National Futures Association, the industry wide, self-regulatory organization for the U.S. futures industry.
www.chicagoclimateexchange.com
www.ccfe.com
Contact Richard Sandor Chairman Climate Exchange plc and Chairman & CEO Chicago Climate Exchange 001 312 554 3370 Neil Eckert CEO Climate Exchange plc 0207 382 7801 Patrick Birley CEO European Climate Exchange 0207 382 7818 Ivonne Cantu Cenkos Securities plc 0207 397 8900 Peter Rigby/Alex Parry Haggie Financial 0207 417 8989/07813 808 738
SOURCE: Climate Exchange PLC
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