Climate Exchange announces Monthly Trading Update
Mon. October 05, 2009; Posted: 04:22 AM
ISLE OF MAN, UK, Oct 05, 2009 (MARKETWIRE via COMTEX) --
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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
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SOURCE: Climate Exchange PLC
http://www2.marketwire.com/mw/emailprcntct?id=531018D44C05FE54
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