Press Release
3 April 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 March 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
- ECX volumes during March set a second consecutive monthly record,
with a total of 539,002 contracts changing hands - the equivalent
of half the total traded volume in 2007. Open interest across all
products surpassed 500,000 contracts (500 Mt).
- ECX screen liquidity increased during March with screen-traded
volumes reaching a record daily average of 8,297 contracts. The
largest screen-traded daily volume to date was recorded on 25 March
with 12,607 contracts. Total average daily volumes for the month
increased to 24,499 contracts.
- ECX launched EUA and CER Daily Futures contracts on 13 March and
traded 976,000 tonnes in the first two weeks.
- CCFE established a second consecutive monthly record with 91,524
contracts traded, a 62% increase over February's record month.
Average daily volumes have increased to 4,160 contracts for the
month.
- CCFE set monthly records for its Regional Greenhouse Gas Initiative
("RGGI") futures and option contracts and NFI-A futures and option
contracts with 35,433 and 24,908 contracts traded respectively.
- CCFE total open interest hit a record high of 102,339 on 19 March.
- On 31 March, U.S. House Energy and Commerce Chairman Henry Waxman
(D-CA) and Representative Ed Markey (D-MA) unveiled a 648-page
draft climate and energy bill, entitled the American Clean Energy
and Security Act of 2009, that establishes a cap and trade program
to reduce U.S. greenhouse gas emissions 20% below 2005 by 2020. CCX
traded 1,168,700 metric tonnes on the day.
Total ECX Products (Contracts*)
2009 2008 Change %
March 539,002 127,547 323%
YTD 1,274,114 438,583 191%
Open Interest 514,669 223,857 130%
*1 contract equal to 1,000 EUAs/CERs
ECX EUAs
ECX EUA Futures Contract
2009 2008 Change %
March 440,254 118,958 270%
YTD 955,938 346,979 176%
Open Interest 215,967 151,578 42%
ECX EUA Options Contract
2009 2008 Change %
March 44,642 16,065 178%
YTD 119,300 83,015 44%
Open Interest 122,690 66,197 85%
ECX EUA Daily Futures Contract ('Spot') (launched 14 March 2008)
2009 2008 Change %
March 787 N/A N/A
ECX CERs
ECX CER Futures Contract (launched 14 March 2008)
2009 2008 Change %
March 53,319 8,589 521%
YTD 173,821 8,589 1924%
Open Interest 110,870 6,082 1723%
ECX CER Options Contract (launched 16 May 2008)
2009 2008 Change %
March 2,815 N/A N/A
YTD 24,079 N/A N/A
Open Interest 65,142 N/A N/A
ECX CER Daily Futures Contract ('Spot') (launched 14 March 2008)
2009 2008 Change %
March 189 N/A N/A
CCX CFI (Contracts)
2009 2008 Change %
March 64,193 85,492 -25%
YTD 175,109 199,632 -12%
CCFE (Contracts)
Total CCFE Products
2009 2008 Change %
March 91,524 56,149 63%
YTD 199,552 154,079 30%
Open Interest 92,929 71,400 30%
CCFE SFI and NFI Futures & Options Contracts
2009 2008 Change %
March 49,914 53,810 -7%
YTD 124,151 146,520 -15%
Open Interest 46,939 64,856 -28%
CCFE Carbon Complex including CFI, RGGI, CCAR and WI
2009 2008 Change %
March 40,484 1,887 2045%
YTD 73,885 4,626 1497%
Open Interest 36,734 3,282 1019%
Other CCFE Products including IFEX
2009 2008 Change %
March 1,126 722 56%
YTD 1,516 2,993 -49%
Open Interest 9,256 3,218 188%
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: "We continue
to see growth in interest and volumes across our markets, with an
outstanding quarter for CCFE and ECX. And we end this period with
further progress towards cap-and-trade legislation in the United
States, where consensus has been reached in the House Energy and
Commerce Committee among Representatives Waxman, Markey, Dingell and
Boucher. This is a very positive first step in the legislative process
of establishing a national framework for a reduction and trading system
in the United States, which offers a strong potential for our
company."
Neil Eckert, CEO of Climate Exchange plc, said: "This represents
consecutive monthly records at both ECX and significantly CCFE. This
concludes a wonderful Q1 where growth has exceeded our expectations."
Contact
Richard Sandor, Chairman Climate Exchange plc 001 312 554 3370
and 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
Contact Information: Contacts: RNS Customer Services 0044-207797-4400 http://www.rns.com