Press Release 3 December 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 November 2009 for the European Climate Exchange (ECX), the Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE). Highlights . November saw continued strong activity in the European market with 438,974 contracts traded, the fourth consecutive month of volume growth. There was record screen volume on 30 November, largely driven by EUA spread activity. Average Daily Volume for the month again exceeded 20 Mt . PHASE III EUAs saw further interest as the Dec 13 EUA Futures contract traded regularly, and the Dec 14 contract traded for the first time with 300,000 tonnes being cleared onto the exchange . Whilst ECX has seen a noticeable increase in positions being rolled forward from Dec 2009, open interest in the Dec 2009 EUA futures remains above 150 million tonnes at month end (see chart 5 below); this level is 50% higher than the open interest of the Dec 08 contract at this time last year . 47,648 contracts traded on CCX in November, a 77% increase from the 26,886 contracts traded in October . On 20 November, CCFE launched the Carbon Financial Instrument United States Offset (CFI-US-O) and Carbon Financial Instrument EA (CFI-EA) Futures Contracts . Total Open Interest on CCFE reached a record high of 158,156 contracts on 24 November Total ECX Products (Contracts*) 2009 2008 Change November 438,974 322,456 +36.1 % YTD 4,749,007 2,620,278 +81.2 % Open Interest 839,678 547,643 +53.3 % *1 contract equal to 1,000 EUAs/CERs ECX EUA Futures Contract 2009 2008 Change November 325,490 208,239 +56.3 % YTD 3,505,800 1,872,340 +87.2 % Open Interest 390,845 258,760 +51.0 % ECX EUA Options Contract 2009 2008 Change November 36,820 9,745 +277.8 % YTD 390,753 221,615 +76.3 % Open Interest 214,744 118,161 +81.7% ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009) 2009 2008 Change November 7,081 - - YTD 54,147 - - ECX CER Futures Contract (launched 14 March 2008) 2009 2008 Change November 64,789 90,272 -28.2 % YTD 709,684 496,596 +42.9 % Open Interest 140,900 112,772 +24.9 % ECX CER Options Contract (launched 16 May 2008) 2009 2008 Change November 3,400 14,200 -76.1 % YTD 84,530 66,200 +27.7 % Open Interest 93,189 57,950 +60.8 % ECX CER Daily Futures Contract (Spot) (launched 13 March 2009) 2009 2008 Change November 1,394 - - YTD 4,193 - - CCX CFI (Contracts) 2009 2008 Change November 47,696 38,852 23% YTD 437,302 688,175 -36% CCFE (Contracts) Total CCFE Products 2009 2008 Change November 56,547 21,450 164% YTD 1,272,972 440,544 189% Open Interest 157,409 90,328 74% CCFE SFI and NFI Futures & Options Contracts 2009 2008 Change November 30,654 12,359 148% YTD 520,262 376,098 38% Open Interest 87,009 63,540 37% CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US 2009 2008 Change November 25,043 7,929 216% YTD 744,040 56,944 1207% Open Interest 62,392 21,225 194% Other CCFE Products including IFEX 2009 2008 Change November 850 1,162 -27% YTD 8,670 7,502 16% Open Interest 8,008 5,563 44% 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:"Policy discussions are making important progress in the United States and globally and carbon markets are continuing to see solid growth." Neil Eckert, Chief Executive Officer of Climate Exchange plc, said:"November represents another month of growth in most areas of our exchange especially in our core EU ETS contracts. The notable exception is CER volumes which are down for this month by comparison to the same month last year. We hope that events over the next few weeks in Copenhagen will restore a level of confidence that will aid future growth in this part of our business." 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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