Press release
06 February 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 January 2009 for the European Climate Exchange, the Chicago
Climate Exchange and the Chicago Climate Futures Exchange.
ECX = European Climate Exchange
CCX = Chicago Climate Exchange
CCFE = Chicago Climate Futures Exchange
Market Highlights
- Trading volumes on ECX during January were just short of 288Mt, up
68% year on year, with an Average Daily Volume for the month of
13.7Mt.
- The month saw a marked increase in activity in the March 2009
contract, with over 1,500 contracts traded.
- Open Interest in all contracts surpassed 400,000 contracts during
January - equal to over 400 million tonnes of EUAs and CERs.
- The price of EUAs fell by 25% in January: the benchmark December
2009 contract opened the year at EUR15.90 and closed the month at
EUR11.85 - see chart below.
- ICE Futures Europe & ECX welcome its 95th and 96th members: Galp
Energia and Triland USA Inc.
- Continued growth in CCX carbon volumes.
- Continued growth in CCFE traded volumes, especially in the "other
products" category which includes RGGI and CCX carbon futures and
IFEX.
Total ECX Products
2009 2008 Change %
January 287,977 171,163 68.2
YTD 287,977 171,163 68.2
Open Interest 405,007 201,370 100.3
ECX EUAs (Contracts*)
ECX EUA Futures Contract
2009 2008 Change %
January 209,118 126,593 65.2
YTD 209,118 126,593 65.2
Open Interest 171,176 152,175 12.5
ECX EUA Options Contract
2009 2008 Change%
January 25,551 44,570 - 42.7
YTD 25,551 44,570 - 42.7
Open Interest 62,352 49,195 24.6
*1 contract equal to 1,000 EUAs
ECX CERs (Contracts**)
ECX CER Futures Contract (launched 14 March 2008)
2009 2008 Change%
January 44,008 - -
YTD 44,008 - -
Open Interest 111,629 - -
ECX CER Options Contract (launched 16 May 2008)
2009 2008 Change%
January 9,300 - -
YTD 9,300 - -
Open Interest 59,850 - -
**1 contract equal to 1,000 CERs
CCX CFI (Contracts)
2009 2008 Change%
January 33,494 13,428 150%
YTD 33,494 13,428 150%
CCFE (Contracts)
Total CCFE Products
2009 2008 Change%
January 51,599 55,350 -7%
YTD 51,599 55,350 -7%
Open Interest 64,675 52,770 23%
CCFE SFI Futures & Options Contracts
2009 2008 Change%
January 30,229 52,395 -42%
YTD 30,229 52,395 -42%
Open Interest 30,696 47,517 -35%
CCFE CFI Futures & Options Contracts
2009 2008 Change%
January 3,128 798 292%
YTD 3,128 798 292%
Open Interest 8,920 2,039 337%
Other CCFE Products
2009 2008 Change%
January 18,242 2,157 745%
YTD 18,242 2,157 745%
Open Interest 25,059 3,214 679%
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: "January has
been another good month for our exchanges and the inauguration of the
new President has highlighted that climate change legislation will be
at the top of the agenda for the new Administration in 2009".
Neil Eckert, CEO of Climate Exchange PLC, said: "January was another
month of strong volumes and further year on year growth. We look
forward to the launch of our T+1 contract giving us a presence in the
European spot market".
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 Chicago Climate Exchange (CCX) which
operates a voluntary but legally binding U.S. cap and trade system for
greenhouse gas emissions, the Chicago Climate Futures Exchange (CCFE)
the leading U.S. regulated environmental products exchange who1s
contracts include mandatory U.S. emissions such as SO2 , NOx and RGGI
CO2 and the European Climate Exchange (ECX) which operates the leading
derivatives exchange focussed on compliance certificates for the
mandatory European Emissions Trading Scheme.
www.climateexchange.com
About Chicago Climate Exchange, Inc. and Chicago Climate Futures
Exchange
Chicago Climate Exchange is a financial institution 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 legally 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. Reductions
achieved through CCX are the only reductions in North America being
achieved through a legally binding compliance regime,
providing independent third party verification provided by FINRA and
price transparency. For a full list of CCX members, daily prices and
other Exchange information.
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, the only active independent
futures clearinghouse in the world. 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
About European Climate Exchange
The European Climate Exchange (ECX) manages product development and
marketing of Carbon Financial Instruments (CFI) futures and options
contracts on CO2 EU allowances (EUAs) traded under the EU Emissions
Trading Scheme and Certified Emission Reductions (CERs) issued under
the Kyoto Protocol.
ECX CFI contracts are listed and traded on the ICE Futures electronic
platform, offering a central marketplace for emissions trading
in Europe with standard contracts and clearing guarantees. ECX/ ICE
Futures is the most liquid, pan-European Exchange for carbon emissions
trading. More than 90 leading global businesses have signed up for
membership to trade ECX products. In addition, several thousand
ICE clients can access the market via banks and brokers.
www.ecx.eu
This information is provided by RNS
The company news service from the London Stock Exchange
END
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