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Climate Exchange PLC: Climate Exchange Plc - Monthly trading update

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^{Published in Business and Finance on Wednesday, June 3rd 2009 at 2:07 GMT, Last Modified on 2009-06-03 02:09:38 by Market Wire}  

ISLE OF MAN, UK--(Marketwire - June 3, 2009) -

 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