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Volatility continued to drive excellent Trading Volumes on ECX during May – a total of 691,457 contracts traded representing an average of 34,572 per day and a year-on-year increase of 60%. May set a record in EUA screen-traded futures (see chart 2) with an average of 18,633 contracts trading per day.
ECX Spot Market Share reached 38% for EUAs and CERs, another month-on-month increase (see chart 3) for ECX Daily Futures just over a year since their launch.
ECX total Open Interest passed through the 900 million tonne mark during May (see chart 4). EUA Dec10 Futures Open Interest stands at 180,418 contracts, up 66% since the start of the year.
ICE Block for Brokers: Enhancements to the ICE Block system enable inter-dealer brokers to register off-screen trades (EFPs) onto the exchange on behalf of clients – currently these are entered by the trader’s clearer. This development can reduce the workload of traders and clearers, and ensure trades are matched quicker as the broker confirms both the buyer and the seller. Once matched, the trade can be viewed immediately in the trader’s dealbook on WebICE.ICE Futures Europe and ECX welcome Five Rings Capital LLC as a New Member.
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