SOURCE: Climate Exchange PLC

December 03, 2009 05:16 ET

Climate Exchange announces Monthly trading update

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

Press Release

3 December 2009


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).


  . 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:




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

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."


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

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.

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.

About Chicago Climate Exchange, Inc. and Chicago Climate Futures

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.

                    This information is provided by RNS
          The company news service from the London Stock Exchange


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