Press release
03 July 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 June 2009 for the European Climate Exchange (ECX), the Chicago
Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE).
ECX = European Climate Exchange
CCX = Chicago Climate Exchange
CCFE = Chicago Climate Futures Exchange
Market Highlights
- June saw continued strong activity in the market with
463,149 contracts traded - the third highest month on record on
ECX. Average daily volume surpassed 21,000 contracts, representing
a 57% year-on-year increase.
- Trading volumes in the EUA and CER Daily Futures really gathered
pace during June, an average of 352,000 tonnes traded per day over
the month with the high of 778,000 tonnes on 23rd June.
- The number of open positions in ECX futures and options
continues to grow and currently stands at 674,675 lots, an increase
of almost 10% over the course of the month.
- The Dec10-Dec12 and Dec11-Dec12 Strips were launched on 22nd June;
and from today the new period for determining Settlement
Prices will be 16:50:00 - 16:59:59. ECX 'Serial' Option
Contracts will be listed from 10th July - these are quarterly
options expiring into the December futures.
- CCFE had a record volume month in June with its 176,408 contracts
traded representing a 33% increase over its previous record set in
April.
- CCFE set its fourth consecutive monthly volume record for RGGI
futures and options with its 135,988 contracts traded representing
a 157% increase over May.
- CCFE open interest hit a record high of 152,480 contracts on June
11th
- On June 26th the U.S. House of Representatives passed the American
Clean Energy and Security Act of 2009 by a 219 to 212 margin. This
historic legislation is an important first step for establishing
cap and trade to reduce carbon emissions in the United States.
Total ECX Products (Contracts*)
2009 2008 Change
June 463,149 295,021 57%
YTD 2,682,806 1,057,186 153%
Open Interest 674,675 277,937 142%
*1 contract equal to 1,000 EUAs/CERs
ECX EUA Futures Contract
2009 2008 Change
June 357,969 187,483 90%
YTD 2,022,671 776,361 160%
Open Interest 309,270 206,372 49%
ECX EUA Options Contract
2009 2008 Change
June 27,300 34,011 19%
YTD 265,406 163,160 62%
Open Interest 176,899 100,599 75%
ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2008)
2009 2008 Change
June 7,614 n/a n/a
ECX CER Futures Contract (launched 14 March 2008)
2009 2008 Change
June 55,712 56,597 -1.5%
YTD 344,168 105,238 227%
Open Interest 115,715 50,965 127%
ECX CER Options Contract (launched 16 May 2008)
2009 2008 Change
June 13,650 17,000 -19%
YTD 50,470 20,750 143%
Open Interest 115,705 20,600 461%
CCX CFI (Contracts)
2009 2008 Change
June 22,703 85,548 -73%
YTD 259,034 462,228 -44%
CCFE (Contracts)
Total CCFE Products
2009 2008 Change
June 176,023 39,376 347%
YTD 617,618 292,065 111%
Open Interest 140,338 80,594 74%
CCFE SFI and NFI Futures & Options Contracts
2009 2008 Change
June 37,860 33,794 12%
YTD 292,888 272,107 8%
Open Interest 90,537 70,461 28%
CCFE Carbon Complex including CFI, RGGI, CCAR and WI
2009 2008 Change
June 137,898 5,564 2,378%
YTD 318,474 16,013 1,889%
Open Interest 43,284 6,770 539%
Other CCFE Products including IFEX
2009 2008 Change
June 265 18 1,372%
YTD 6,256 3,945 59%
Open Interest 6,517 3,363 94%
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, Chairman of Climate Exchange plc, said: "Solid growth
continued as CCFE saw record trading volume and open interest during
the month of June. The policymaking process in the United States took
an important step forward with passage of the American Clean Energy and
Security Act in the House. The bill recognizes the benefits of using a
market mechanism to achieve cost-effective emissions reductions. As the
debate moves to the Senate, the experiences CCX and CCFE have gained in
operating a cap-and-trade system over the past six years in
the U.S. will serve as an important resource and model."
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
Ivonne Cantu, Cenkos Securities plc 0207 397 8900
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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