Press release
6 May 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 summarises the trading volumes for the month of
April 2010 for the European Climate Exchange (ECX), the Chicago Climate
Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE).
Highlights
- Over 700 million tonnes traded on ECX during April to take
year-to-date trading over the 2 billion tonne mark and establish a
new all time high monthly record. 738,391 contracts traded across
all products, up 54% from March with an average of 36,920 lots per
day. 27 April set a new high for a single trading day with 52,071
lots.
Overall record month for EUA products:
- EUA Futures: Increased volatility and a general firming of prices
contributed to a rise in EUA Futures screen volume; average daily
volume for screen Dec 10 EUAs was 14,087 contracts.
- EUA Options: A total of 111,721 EUA Options contracts were cleared
on ECX - activity was concentrated in the Dec10 (90%) with the
majority of these being calls (69%)
- EUA Daily Futures: The final month of true-up for 2009 EU ETS
compliance drove strong activity in the Daily contracts with
Average Daily Volumes of 1,645 lots in EUAs and CERs. The spot
volumes represented over 37% of total market share during April
- CER volumes recorded modest month-on-month growth
- Open Interest of all contracts continued to rise, up 10% in April
and up 60% so far this year to 857,910 lots. Dec10 EUA Futures
Open Interest increased 12% this month to 175,149 lots.
- Open Interest in CCFE SFI & NFI futures and options ended April at
114,064 contracts, a 51% increase over April 2009
- Open Interest in the CCFE REC product line stands at a record high
of 4,480 contracts
Total ECX Products (Contracts*)
2010 2009 Change
April 738,391 516,086 43%
YTD 2,090,189 1,790,200 16%
Open Interest 857,910 579,799 48%
*1 contract equal to 1,000 EUAs/CERs
ECX EUA Futures Contract
2010 2009 Change
April 509,136 380,112 33%
YTD 1,462,165 1,336,050 9%
Open Interest 422,049 251,755 67%
ECX EUA Options Contract
2010 2009 Change
April 111,721 67,938 64%
YTD 268,667 187,238 43%
Open Interest 218,731 153,234 42%
ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009)
2010 2009 Change
April 30,982 2,629 1,078%
YTD 78,645 3,416 2,202%
ECX CER Futures Contract (launched 14 March 2008)
2010 2009 Change
April 81,966 61,263 33%
YTD 254,283 235,084 8%
Open Interest 148,063 107,364 38%
ECX CER Options Contract (launched 16 May 2008)
2010 2009 Change
April 2,650 3,669 -28%
YTD 21,500 27,748 -22%
Open Interest 69,997 67,446 +4%
ECX CER Daily Futures Contract (Spot) (launched 13 March 2009)
2010 2009 Change
April 1,936 475 307%
YTD 5,479 664 725%
CCX CFI (Contracts)
2010 2009 Change
April 1,730 10,907 -84%
YTD 6,802 186,007 -96%
CCFE (Contracts)
Total CCFE Products
2010 2009 Change
April 58,854 132,319 -56%
YTD 219,805 332,321 -34%
Open Interest 154,565 122,359 +26%
CCFE SFI and NFI Futures & Options Contracts
2010 2009 Change
April 54,734 76,895 -29%
YTD 180,795 201,046 -10%
Open Interest 114,064 75,587 +51%
CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US
2010 2009 Change
April 2,770 51,064 -95%
YTD 34,353 125,399 -73%
Open Interest 35,236 38,188 -07%
Other CCFE Products including IFEX and RECs
2010 2009 Change
April 1,350 4,360 -69%
YTD 4,657 5,876 -21%
Open Interest 5,265 8,584 -39%
For breakdown of daily trades, please refer to websites as follows:
ECX www.ecx.eu
CCX www.chicagoclimateexchange.com
CCFE www.ccfe.com
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 065 2000
Limited
Peter Rigby/Alex Parry, Haggie Financial 0207 417 8989
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 Carbon inancial Instruments (CFI) futures and options
contracts on CO2 EU allowances (EUAs) traded nder the EU Emissions
Trading Scheme (EU ETS) 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, exchange for
carbon emissions trading. More than 100 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
About Chicago Climate Exchange 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.
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 CCX, 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
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