SOURCE: Climate Exchange PLC

April 07, 2010 07:47 ET

Climate Exchange PLC - Monthly trading update

ISLE OF MAN, UK--(Marketwire - April 7, 2010) -


Press release
7 April 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
March 2010 for the European Climate Exchange (ECX), the Chicago Climate
Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE).


Highlights


* Open Interest across all CCFE products ended the month at
123,090, an 32% increase versus the same time last year


* Open Interest in the CCFE REC product line ended the month at
a record high of 4,260 contracts


* March was a record volume month in both the CCFE REC-MA and
REC-CT contracts, with 200 and 380 contracts traded respectively.


* Volume in CCFE SFI Options was 3,540 contracts, an increase of
18% over March of last year.


* 2010 ECX trading volumes continued to climb with a total of
476,433,000 tonnes changing hands in March, up from 458,942,000 tonnes
in February


* Volumes in ECX Daily Futures rose again to establish another
monthly volume record of 24,372 contracts. This represents a 32.4%
share of the total exchange-traded spot market with over 1 million
tonnes traded on average per day.


* March was also a record month for ECX Options with 79,350
contracts cleared on the exchange - 63,500 of which were EUA Dec10
options. In addition each of the 2010 Serial Options (quarterly
contracts) saw an increase in activity during the month.


* ECX Total Open Interest grew by more than 10% in March and
currently stands at over 775 Mt; year-on-year open interest has
increased by 50%.





Total ECX Products (Contracts*)


                2010       2009      Change

March           476,433    539,002    -11.61%
YTD             1,351,798  1,274,114  6.09%
Open Interest   775,492    518,153    49.66%


*1 contract equal to 1,000 EUAs/CERs




ECX EUA Futures Contract


                2010      2009     Change

March           295,072   440,254  -32.97%
YTD             953,029   955,938  -0.30%
Open Interest   382,415   217,807  75.58%




ECX EUA Options Contract


                2010      2009     Change

March           68,750    44,642   54.00%
YTD             156,396   119,300  31.09%
Open Interest   177,294   124,615  42.27%




ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009)



        2010     2009   Change

March   22,853   776    2,844.97%
YTD     47,663   776    6,042.14%




ECX CER Futures Contract (launched 14 March 2008)


                2010      2009      Change

March           77,639    50,315    54.30%
YTD             172,317   173,821   -0.86%
Open Interest   148,103   110,589   33.92%




ECX CER Options Contract (launched 16 May 2008)


                2010     2009     Change

March           10,600   2,815    276.55%
YTD             18,850   24,079   -21.72%
Open Interest   69,987   65,142   7.44%




ECX CER Daily Futures Contract (Spot) (launched 13 March 2009)


        2010    2009   Change

March   1,519   189    703.70%
YTD     3,543   189    1,774.60%



CCX CFI (Contracts)


        2010    2009      Change

March   1,627   64,193    -97%
YTD     5,072   175,100   -97%



Total CCFE Products (Contracts)


                2010      2009      Change

March           53,740    91,524    -41%
YTD             160,951   200,002   -20%
Open Interest   123,090   92,929    32%




CCFE SFI and NFI Futures & Options Contracts


                2010      2009      Change

March           45,137    49,914    -10%
YTD             126,061   124,151   2%
Open Interest   83,600    46,939    78%




CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US


                2010     2009     Change

March           7,781    40,484   -81%
YTD             31,583   74,335   -58%
Open Interest   35,098   36,734   -4%




Other CCFE Products including IFEX and RECs


                2010    2009    Change

March           822     1,126   -27%
YTD             3,307   1,516   118%
Open Interest   4,392   9,256   -53%




For breakdown of daily trades, please refer to websites as follows:


ECX   www.ecx.eu

CCX   www.chicagoclimateexchange.com

CCFE  www.ccfe.com



Neil Eckert, CEO of Climate Exchange plc, said: "March was a month
that exhibited low volatility across many financial asset classes. In
spite of this we recorded further progress in ECX. Our key metric is
open interest which is the lead indicator of underlying growth
irrespective of short term volumes. This continued to grow. The
political situation in the US is progressing. Health Care legislation
was passed by the Senate and the Bi-partisan initiative lead by
Senators Graham, Lieberman and Kerry is still being worked on. Press
reports state it will contain a 2.5bn ton Cap and Trade provision for
the Power Sector, which is 25% larger than EU ETS, the foundation for
our success at ECX. Whilst we cannot speculate on the outcome of such a
Bill, we are excited by its potential impact, if successful, it could
be a value changing event for CLE"




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

Jonny Franklin-Adams and Simon Law, Fox-Pitt,     0207 065 2000
Kelton 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 whosecontracts
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

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