Press release
06 May 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 April 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
. Over half a billion tonnes were traded on ECX during April, the
2nd highest month on record and up 169% year on year. Average
daily volume reached 25,715 contracts with screen volume increasing
to an average of 8,396 contracts per day.
. A record number of options were traded during the month.
EUA Options made up the majority of the total of 71,607 contracts.
. The CER-EUA spread has seen increasing volatility during April,
trading in a range between EUR1.32 and EUR3.33. The one-click tool
to trade this differential on the WebICE screen saw record volumes
of 2,186 contracts.
. 30 April marked the end of the 2008 compliance period for
installations covered by the EU ETS. The EUA and CER Daily Futures
experienced steady growth over the month, with over 3 million
tonnes traded.
. CCFE set a third consecutive monthly volume record, with April
volumes eclipsing March volumes on the 14th trading day of the
month. CCFE set monthly trading records in its Regional Greenhouse
Gas Initiative ("RGGI") contracts and NOx Annual ("NFI-A")
contracts with 48,664 and 60,959 contracts traded respectively.
Open Interest hit a record 130,121 contracts on April 29th
. CCFE successfully launched four new Renewable Energy Certificate
("REC") futures contracts on April 17th for the New Jersey,
Massachusetts, Connecticut and Voluntary REC markets.
. On April 17th the U.S. EPA issued an Endangerment Finding for
CO2 stating that "the mix of six key greenhouse gases in the
atmosphere may reasonably be anticipated to endanger public health
and welfare". Also during the month, the U.S House of
Representatives Energy and Commerce Committee held a series of
hearings on draft climate change legislation from Reps. Henry
Waxman (D-CA) and Edward Markey (D-MA).
Click on, or paste the following link into your web browser, to view
the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/7215R_1-2009-5-5.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
END
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