Press release 11 January 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, below outlines the trading volumes for the month of December 2009 for the European Climate Exchange (ECX), the Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE). Highlights . Despite the disappointing lack of progress from COP 15, 2009 was another year of strong growth for the European carbon markets. Average daily volumes exceeded 20 Mt making a total of over 5.1 billion tons traded on ECX/ ICE, an increase of 80% over 2008. . The December 2009 EUA and CER futures contracts expired on December 14th and saw record volumes taken to physical delivery. Over 134 Mt EUAs and 16 Mt CERs were transferred amongst market participants, a 28% increase over 2008. Year end open interest across all contracts stands at 548 Mt - up by 193 Mt from 2008. . EUA screen trading volumes grew throughout the year and peaked in November as roll activity increased ahead of the expiry, with a daily average volume reaching 8,233 contracts. This compares to an average daily volume of 4,379 contracts from the previous November and represents an 88% increase. Total volumes in December were split in 58% on-exchange screen volumes and 42% cleared (EFP) volumes . December also saw a significant upturn in EUA/CER swap transactions using the spread tool in WebICE . CCFE reached a daily volume record of 23,252 contracts traded on December 22nd, 2009 . Total Open Interest on CCFE reached a record high of 167,929 contracts on December 14th, 2009 . Open interest in CCFE CFI-US Futures and Options ended the month at a record high of 1,659 contracts. Total ECX Products (Contracts*) 2009 2008 Change December 373,076 189,743 97% YTD 5,122,183 2,810,021 82% Open Interest 548,699 355,505 54% *1 contract equal to 1,000 EUAs/CERs ECX EUA Futures Contract 2009 2008 Change December 272,010 126,513 115% YTD 3,777,810 1,991,276 90% Open Interest 267,400 154,758 73% ECX EUA Options Contract 2009 2008 Change December 24,814 21,551 15% YTD 415,567 243,166 71% Open Interest 92,608 45,856 102% ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009) 2009 2008 Change December 6,353 - - YTD 60,500 - - ECX CER Futures Contract (launched 14 March 2008) 2009 2008 Change December 62,253 40,079 55% YTD 771,957 507,779 52% Open Interest 130,200 103,541 26% ECX CER Options Contract (launched 16 May 2008) 2009 2008 Change December 6,600 1,600 312% YTD 91,130 67,800 34% Open Interest 58,491 51,350 14% ECX CER Daily Futures Contract (Spot) (launched 13 March 2009) 2009 2008 Change December 1,046 - - YTD 5,239 - - CCX CFI (Contracts) 2009 2008 Change December 14,739 20,130 -27% YTD 452,041 708,305 -36% CCFE (Contracts) Total CCFE Products 2009 2008 Change December 98,201 43,776 124% YTD 1,372,579 484,320 183% Open Interest 100,458 61,350 64% CCFE SFI and NFI Futures & Options Contracts 2009 2008 Change December 46,252 28,066 65% YTD 566,514 404,164 40% Open Interest 41,980 33,344 26% CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US 2009 2008 Change December 51,737 11,630 345% YTD 797,183 68,574 1062% Open Interest 50,588 19,454 160% Other CCFE Products including IFEX 2009 2008 Change December 212 4,080 -95% YTD 8,882 11,582 -23% Open Interest 7,920 8,552 -7% 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:"December was another excellent month for our exchange, rounding off another year of growth for ECX but also recording a very strong month at CCFE, which is especially pleasing given the level of legislative uncertainty in the United States." Neil Eckert, Chief Executive Officer of Climate Exchange plc, said:"December demonstrated continued strong growth on both sides of the Atlantic and we look forward to 2010 bringing political clarity enabling us to continue the momentum and dominant exchange market share that we have established." 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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