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Climate Exchange announces Monthly Trading Update

Mon. October 05, 2009; Posted: 04:22 AM
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ISLE OF MAN, UK, Oct 05, 2009 (MARKETWIRE via COMTEX) -- CXCHF | Quote | Chart | News | PowerRating -- e> Press Release 5 October 2009 CLIMATE EXCHANGE PLC Monthly Trading Update for the European Climate Exchange, the Chicago Climate Exchange and the Chicago Climate Futures Exchange Climate Exchange plc, below outlines the trading volumes for the month of September 2009 for the European Climate Exchange (ECX), the Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE). Market Highlights - ECX volumes increased 63% over September 2008 with average daily volumes of 19,600 contracts traded. - ECX T+1 contracts volumes exceeded 400 contracts per day on average accounting for nearly 20% of the total exchange spot market. - EUAs and CERs are now accepted by ICE Clear Europe as collateral for ICE Futures Europe oil and energy contracts. - CCFE had a record month with 203,794 contracts traded; a 16% increase over the previous record of 176,023 contracts set in June 2009 - CCFE's RGGI contracts had a record month with 137,737 contracts traded; a 1% increase over the previous record of 135,988 set in June 2009. - CCFE's SFI contracts had a record month with 53,846 contracts traded; a 57% increase over the previous record of 34,303 in August 2009. - On September 30th, Senators John Kerry and Barbara Boxer introduced in the U.S. Senate a draft climate and energy bill, the"Clean Energy Jobs and American Power Act". Additionally, the U.S. Environmental Protection Agency announced a proposed rule for regulating greenhouse gas emissions from businesses that emit 25,000 or more tons annually. Total ECX Products (Contracts*) 2009 2008 Change September 434,378 264,863 +64.0% YTD 3,873,878 1,876,401 +106.5% Open Interest 789,076 461,249 +71.1% *1 contract equal to 1,000 EUAs/CERs ECX EUA Futures Contract 2009 2008 Change September 317,450 182,974 +73.5% YTD 2,865,350 1,323,359 +116.5% Open Interest 369,802 228,913 +61.5% ECX EUA Options Contract 2009 2008 Change September 26,200 15,315 +71.1% YTD 339,589 205,235 +65.5% Open Interest 203,372 111,195 +82.9% ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009) 2009 2008 Change September 9,024 - - YTD 34,968 - - ECX CER Futures Contract (launched 14 March 2008) 2009 2008 Change September 76,592 61,724 +24.1% YTD 557,372 311,007 +79.2% Open Interest 124,138 87,541 +41.8% ECX CER Options Contract (launched 16 May 2008) 2009 2008 Change September 4,910 4,850 +1.2% YTD 74,830 36,800 +103.3% Open Interest 91,764 33,600 +173.1% ECX CER Daily Futures Contract (Spot) (launched 13 March 2009) 2009 2008 Change September 202 - - YTD 1,769 - - CCX CFI (Contracts) 2009 2008 Change September 35,597 61,984 -43% YTD 362,386 616,310 -41% CCFE (Contracts) Total CCFE Products 2009 2008 Change September 203,794 30,962 558% YTD 1,106,819 386,095 187% Open Interest 137,754 81,096 70% CCFE SFI and NFI Futures & Options Contracts 2009 2008 Change September 65,084 21,290 206% YTD 447,294 339,637 32% Open Interest 74,381 61,294 21% CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US 2009 2008 Change September 138,600 9,245 1,399% YTD 652,107 40,271 1,519% Open Interest 56,247 15,251 269% Other CCFE Products including IFEX 2009 2008 Change September 110 427 -74% YTD 7,048 6,187 14% Open Interest 7,126 4,551 57% For breakdown of daily trades, please refer to websites as follows: ECX www.ecx.eu CCX www.chicagoclimateexchange.com CCFE www.ccfe.com Richard Sandor, Executive Chairman of Climate Exchange plc, said:"Momentum in Washington towards climate legislation continues to pick up with the introduction of a draft bill in the Senate. We look forward to sharing the experiences our members have gained, since CCX launched in 2003, in building the infrastructure of a multi-sector international carbon cap-and-trade program." Neil Eckert, Chief Executive Officer of Climate Exchange plc, said:"Futures and options trading on ECX and CCFE continues at strong levels as evidenced by the record month on CCFE and continued growth in daily volumes in Europe." Contact Richard Sandor, Chairman Climate Exchange plc and 001 312 554 3370 Chairman & CEO Chicago Climate Exchange Neil Eckert, CEO Climate Exchange plc 0207 382 7801 Patrick Birley, CEO European Climate Exchange 0207 382 7818 Jonny Franklin-Adams and Simon Law, Fox-Pitt, Kelton 0207 397 8900 Limited Peter Rigby/Alex Parry, Haggie Financial 0207 417 8989 / 07813 808 738 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 This information is provided by RNS The company news service from the London Stock Exchange END
Contacts:
RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com


SOURCE: Climate Exchange PLC

http://www2.marketwire.com/mw/emailprcntct?id=531018D44C05FE54
http://www.rns.com
For full details for CXCHF click here.

    


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