The European Climate Exchange is delighted to announce that it has reached an agreement with LCH.Clearnet regarding the launch, on ICE Futures Europe, of futures contracts on Certified Emission Reductions (CERs).
ICE Futures Europe and LCH.Clearnet are finalizing all practical arrangements and will announce an exact date for the launch shortly.
Commenting on the development, ECX Chief Executive, Patrick Birley said “We are delighted that all outstanding issues have been resolved and we look forward to the imminent launch of ICE ECX CERs. We have seen strong demand from the market for products based on CERs, which will trade alongside our successful ICE ECX EUAs futures and options, and we believe that liquidity will develop rapidly”.
Further information on the contracts and the launch details will be released within the next few days.
