Press release
4 November 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 October 2009 for the European Climate Exchange (ECX), the Chicago
Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE).
Market Highlights
. ECX trading volumes remained strong across all products during
October, total 436Mt with an average daily volume of 19.8 Mt. Year
to date volumes on the exchange have now surpassed 4 billion
tonnes. The EUA Dec-13 futures contract experienced another active
month.
. Trading in the EUA and CER daily futures continued to grow during
October, a total of 12,098 contracts were traded with over a
million EUAs trading on 28th October. ECX market share of the total
spot market is approaching 25%.
. The number of open positions in ECX futures and options increased
further and currently stands at 825,877 lots.
. Open Interest on CCFE ended the month at 143,458 contracts,
representing a 68% increase from the 85,373 contracts at the end of
October 2008.
. 108,696 contracts traded on CCFE in October, a 229% increase over
the 32,999 contracts traded in October 2008.
. 27,220 contracts traded on CCX in October, representing an 18%
decrease from the 33,013 contracts traded during October 2008, as
uncertainty of US climate legislation continues to affect the
market.
. Following the introduction in the US Senate of the Clean Energy
Jobs and American Power Act on September 30th, climate legislation
picked up momentum in October as the U.S. Senate
Committee on Environment and Public Works held a series of hearings
on the proposed legislation and Republican Senator Lindsey Graham
(SC) threw his support behind the bill.
Total ECX Products (Contracts*)
2009 2008 Change
October 435,930 412,352 5.7%
YTD 4,309,908 2,297,822 87.6%
Open Interest 825,877 514,139 60.6%
*1 contract equal to 1,000 EUAs/CERs
ECX EUA Futures Contract
2009 2008 Change
October 314,960 324,942 -3.2%
YTD 3,180,310 1,656,524 92.0%
Open Interest 390,277 251,802 54.99%
ECX EUA Options Contract
2009 2008 Change
October 14,244 6,535 118.0%
YTD 353,933 211,870 67.1%
Open Interest 205,994 112,820 82.6%
ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009)
2009 2008 Change
October 12,098 - -
YTD 47,066 - -
ECX CER Futures Contract (launched 14 March 2008)
2009 2008 Change
October 87,523 65,675 33.3%
YTD 644,895 377,428 70.9%
Open Interest 136,817 104,717 30.7%
ECX CER Options Contract (launched 16 May 2008)
2009 2008 Change
October 6,300 15,200 -58.6%
YTD 81,130 52,000 56.0%
Open Interest 92,789 44,800 107.1%
ECX CER Daily Futures Contract (Spot) (launched 13 March 2009)
2009 2008 Change
October 1,030 - -
YTD 2,799 - -
CCX CFI (Contracts)
2009 2008 Change
October 27,220 33,013 -18%
YTD 389,606 649,323 -40%
CCFE (Contracts)
Total CCFE Products
2009 2008 Change
October 108,696 32,999 229%
YTD 1,216,425 419,094 190%
Open Interest 143,458 85,373 68%
CCFE SFI and NFI Futures & Options Contracts
2009 2008 Change
October 42,315 24,102 76%
YTD 489,608 363,739 35%
Open Interest 80,276 63,291 27%
CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US
2009 2008 Change
October 65,610 8,744 650%
YTD 718,997 49,015 1367%
Open Interest 55,713 17,444 219%
Other CCFE Products including IFEX
2009 2008 Change
October 772 153 405%
YTD 7,820 6,340 23%
Open Interest 7,469 4,638 61%
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: "As
the U.S. Congress moves forward with consideration of a federal climate
law and policymakers internationally work toward progress
in Copenhagen, we see building interest in carbon markets as a tool for
addressing climate change."
Neil Eckert, Chief Executive Officer of Climate Exchange plc, said:
"This represents another month of solid progress both at ECX and CCFE.
We now enter a critical phase where the spotlight will be Carbon
markets during the run up to Copenhagen"
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, 0207 397 8900
Kelton 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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