SOURCE: Climate Exchange PLC

June 03, 2009 04:57 ET

Climate Exchange Plc - Monthly trading update

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

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