The European Climate Exchange (ECX) registered a new daily record volume on 6th June, with a combined total of 34,316 contracts (equivalent to 34.3 million tonnes of underlying carbon permits). The primary driver for the record day was a number of large CER options trades, where a multi-legged deal equivalent to over 12 million tonnes of underlying CERs was booked on ECX. This beats the previous daily record of 16.2 million tonnes on April 10, 2008. A new record for screen-traded volume was also registered, with 5.4 million tonnes in EUA and CER futures.
Patrick Birley, Chief Executive of ECX, commented "The emissions market continues to grow apace and the volume of transactions in ECX CERs is climbing rapidly. Judging by the level of interest that ECX products are receiving, we fully expect to see continued deepening of liquidity. Friday's volume is equivalent to 36 % of the total traded volume on ECX during 2005."
ECX emissions contracts are listed and admitted to trading on the ICE platform. Access for the trading of ICE ECX EUA and CER Contracts can be secured by becoming an ICE Futures Europe Member or order-routing as a client of an ICE Futures Europe Member. There are currently 91 members signed up for ECX emissions on ICE Futures Europe, including major utilities, industrials as well as leading financial institutions - a full list can be found at www.ecx.eu.