Press release
3 June 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 May 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
- May ECX volumes remained strong. May volumes increased to 430,583
contracts, representing a 203% increase over the 142,008 contracts
traded in May last year.
- Screen liquidity was healthy with daily volumes during the month
averaging 7,206 lots.
- Total EUA & CER open interest rose to over 608,000 contracts (608
million tonnes) representing a yearly increase of 104%.
- May CCFE volumes increased to 109,724 contracts, representing a
115% increase over the 50,966 traded in May of 2008.
- May was the third consecutive record month for volume in RGGI
futures and options. 52,955 futures and options contracts traded,
representing a 7% increase over the 49,487 contracts traded in
April.
- NFI-A futures & options traded 31,605 contracts, representing the
second most active month since being launched in September 2007.
- CCX recorded its highest volume day with 38,643 contracts traded,
surpassing the previous record of 36,636 set on 13 May, 2008.
- On 21 May, the U.S house of Representatives Energy and Commerce
Committee approved H.R. 2454, "The American Clean Energy and
Security Act," by a vote of 33 to 25. This legislation would
establish a cap and trade program for cutting global warming
pollution by 17% compared to 2005 levels in 2020, by 42% in 2030,
and by 83% in 2050.
Total ECX Products (Contracts*)
2009 2008 Change
May 430,583 142,008 203.21%
YTD 2,219,000 771,234 187.72%
Open Interest 608,212 296,883 104.86%
*1 contract equal to 1,000 EUAs/CERs
ECX EUA Futures Contract
2009 2008 Change
May 314,647 100,252 213.85%
YTD 1,650,161 588,948 180.10%
Open Interest 270,020 174,678 54.58%
ECX EUA Options Contract
2009 2008 Change
May 50,868 14,864 242.22%
YTD 238,106 129,149 84.36%
Open Interest 158,993 88,265 80.13%
ECX EUA Daily Futures Contract ('Spot') (launched 14 March 2008)
2009 2008 Change
May 2,464 n/a n/a
ECX CER Futures Contract (launched 14 March 2008) 2009
2008 Change
May 54,082 23,142 133.69%
YTD 288,426 49,387 484.01%
Open Interest 111,158 29,830 272.63%
ECX CER Options Contract (launched 16 May 2008)
2009 2008 Change
May 8,322 n/a n/a
YTD 36,070 n/a n/a
Open Interest 68,041 n/a n/a
ECX CER Daily Futures Contract ('Spot') (launched 14 March 2008)
2009 2008 Change
May 350 n/a n/a
CCX CFI (Contracts)
2009 2008 Change
May 50,315 73,020 -31%
YTD 236,331 376,680 -37%
CCFE (Contracts)
Total CCFE Products
2009 2008 Change
May 109,724 50,966 115%
YTD 441,595 252,689 75%
Open Interest 146,760 91,244 61%
CCFE SFI and NFI Futures & Options Contracts
2009 2008 Change
May 53,982 46,366 16%
YTD 255,028 238,313 7%
Open Interest 96,819 82,916 17%
CCFE Carbon Complex including CFI, RGGI, CCAR and WI
2009 2008 Change
May 55,627 3,765 1,377%
YTD 180,576 10,449 1,628%
Open Interest 43,396 4,963 774%
Other CCFE Products including IFEX
2009 2008 Change
May 115 835 -86%
YTD 5,991 3,927 53%
Open Interest 6,545 3,365 95%
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: "At the
operational level, ECX and CCFE have maintained sustained growth and
strong performances, and CCX has had its highest volume day ever. From
the public policy standpoint, the U.S. House of Representatives Energy
and Commerce Committee, under the leadership of Congressmen Waxman
and Markey have done tremendous heavy lifting to advance workable,
market-based solutions that provide global leadership and grow the
economy. The American public and public policy have been served well
by the comprehensive debate and will be further served as today's
legislation moves through the next stages of the Congressional process
and improvements and refinements are discussed."
Neil Eckert, CEO of Climate Exchange plc, said: "The business continues
to move at a pace showing continued growth in key areas. The potential
for U.S. legislation is starting to be reflected in the increased level
of interest in a market that could well be three times the size of the
European cap & trade scheme."
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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