Over half a billion tonnes of CO2 traded on ECX during July, continuing the trend of strong volumes during the first half of 2010. A monthly total of 523,623 contracts meant an average of 23,801 per day.
EUA Options had an active month:
- A total of 68,970 contracts were cleared onto the exchange, with a marked increase in the Dec 11 activity
- Thursday 29th recorded the highest volume on a single day: 15.4 Mt
- The Dec 13 Options contract traded for the second time since its launch in March – 250 lots in the €8 strike put.
With effect from Tuesday 20th July 2010, a 30% Initial Margin Offset has been applied by ICE Clear Europe between ICE ECX contracts and ICE Brent, WTI and Gasoil Futures on ICE Futures Europe, as well as reductions to existing offsets with Richards Bay, Rotterdam and Newcastle Coal Futures.
The following links have details:
- EUAs: www.theice.com/productguide/MarginRates.shtml?index=&specId=197
- CERs: www.theice.com/productguide/MarginRates.shtml?index=&specId=916
The IntercontinentalExchange (ICE) completed its acquisition of Climate Exchange, and its subsidiary ECX, on July 8th 2010. The transaction is the culmination of a productive partnership between the companies since the launch of ECX in 2005, with contracts listed and traded on ICE Futures Europe and cleared by ICE Clear Europe.
Please note that the ECX team will relocate to the ICE Futures Europe Headquarters at Milton Gate, 60 Chiswell Street, London EC1Y 4SA as of 1st August.
Please click here for full details.
