Bank Clients Trade CO2 Allowances Directly At The EEX - First Deal By Lemgo Municipal Supplier Via BHF-Bank

The European Energy Exchange (EEX), Leipzig, announced yesterday the first client trade in its CO2 market via a bank. Lemgo municipal supplier traded 10.000 EU Allowances via BHF-Bank, Frankfurt. Thus, the opportunity to use a finan-cial institute as an intermediary without being EEX´ participant was used for the first time. It is enough if the bank is admitted for trades in CO2 Allowances at the EEX. Such a trade is carried out like a private share trade at the stock exchange via a deposit at the bank.

Last week, abbreviated by a public holiday, 12.800 certificates were traded. In the meantime, 98 participants are technically activated for trades in these EU Allowances at the EEX. Last Friday, a new peak price was reached at 18.15 Euro per Allowance. So far, the lowest price was set on March 9 at 10.40 Euro; this also was the initial price of the trading at the EEX.

The EEX operates a Spot and a Derivatives Market for energy and energy-related products and, with 125 trading participants from 16 countries, it is the energy exchange in Continental Europe which boasts the highest number of participants and the biggest turnover. Besides electricity and electricity futures and options, also CO2 emission al-lowances are being traded. The range of services provided by EEX is complemented with related activities, such as the joint clearing of exchange transactions and over-the-counter transactions (OTC clearing).