Press release
11 January 2010
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 December 2009 for the European Climate Exchange (ECX), the Chicago
Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE).
Highlights
. Despite the disappointing lack of progress from COP 15, 2009 was
another year of strong growth for the European carbon markets.
Average daily volumes exceeded 20 Mt making a total of over 5.1
billion tons traded on ECX/ ICE, an increase of 80% over 2008.
. The December 2009 EUA and CER futures contracts expired on December
14th and saw record volumes taken to physical delivery. Over 134 Mt
EUAs and 16 Mt CERs were transferred amongst market participants, a
28% increase over 2008. Year end open interest across all contracts
stands at 548 Mt - up by 193 Mt from 2008.
. EUA screen trading volumes grew throughout the year and peaked in
November as roll activity increased ahead of the expiry, with a
daily average volume reaching 8,233 contracts. This compares to an
average daily volume of 4,379 contracts from the previous November
and represents an 88% increase. Total volumes in December were
split in 58% on-exchange screen volumes and 42% cleared (EFP)
volumes
. December also saw a significant upturn in EUA/CER swap transactions
using the spread tool in WebICE
. CCFE reached a daily volume record of 23,252 contracts traded on
December 22nd, 2009
. Total Open Interest on CCFE reached a record high of 167,929
contracts on December 14th, 2009
. Open interest in CCFE CFI-US Futures and Options ended the month at
a record high of 1,659 contracts.
Total ECX Products (Contracts*)
2009 2008 Change
December 373,076 189,743 97%
YTD 5,122,183 2,810,021 82%
Open Interest 548,699 355,505 54%
*1 contract equal to 1,000 EUAs/CERs
ECX EUA Futures Contract
2009 2008 Change
December 272,010 126,513 115%
YTD 3,777,810 1,991,276 90%
Open Interest 267,400 154,758 73%
ECX EUA Options Contract
2009 2008 Change
December 24,814 21,551 15%
YTD 415,567 243,166 71%
Open Interest 92,608 45,856 102%
ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009)
2009 2008 Change
December 6,353 - -
YTD 60,500 - -
ECX CER Futures Contract (launched 14 March 2008)
2009 2008 Change
December 62,253 40,079 55%
YTD 771,957 507,779 52%
Open Interest 130,200 103,541 26%
ECX CER Options Contract (launched 16 May 2008)
2009 2008 Change
December 6,600 1,600 312%
YTD 91,130 67,800 34%
Open Interest 58,491 51,350 14%
ECX CER Daily Futures Contract (Spot) (launched 13 March 2009)
2009 2008 Change
December 1,046 - -
YTD 5,239 - -
CCX CFI (Contracts)
2009 2008 Change
December 14,739 20,130 -27%
YTD 452,041 708,305 -36%
CCFE (Contracts)
Total CCFE Products
2009 2008 Change
December 98,201 43,776 124%
YTD 1,372,579 484,320 183%
Open Interest 100,458 61,350 64%
CCFE SFI and NFI Futures & Options Contracts
2009 2008 Change
December 46,252 28,066 65%
YTD 566,514 404,164 40%
Open Interest 41,980 33,344 26%
CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US
2009 2008 Change
December 51,737 11,630 345%
YTD 797,183 68,574 1062%
Open Interest 50,588 19,454 160%
Other CCFE Products including IFEX
2009 2008 Change
December 212 4,080 -95%
YTD 8,882 11,582 -23%
Open Interest 7,920 8,552 -7%
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:"December
was another excellent month for our exchange, rounding off
another year of growth for ECX but also recording a very strong month
at CCFE, which is especially pleasing given the level of legislative
uncertainty in the United States."
Neil Eckert, Chief Executive Officer of Climate Exchange plc,
said:"December demonstrated continued strong growth on both sides of
the Atlantic and we look forward to 2010 bringing political clarity
enabling us to continue the momentum and dominant exchange market share
that we have established."
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, Kelton 0207 663 6000
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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