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HIGHLIGHTS
TRADING VOLUMES: November saw continued strong activity in the market with 438,974 contracts traded, the fourth consecutive month of volume growth. There was record screen volume on 30 November, largely driven by EUA spread activity. Average Daily Volume for the month again exceeded 20 Mt.
PHASE III EUAs saw further interest as the Dec 13 EUA Futures contract traded regularly, and the Dec 14 contract traded for the first time with 300,000 tonnes being cleared onto the exchange.
OPEN INTEREST: Whilst we have seen a noticeable increase in positions being rolled forward from Dec 2009, open interest in the Dec 2009 EUA futures remains above 150 million tonnes at month end (see chart 5 below); this level is 50% higher than the open interest of the Dec 08 contract at this time last year.
PRODUCTS: A new function, Multiple-Confirm, has been added to ICE Block for the Emissions market allowing users to accept multiple alleged trades at once. This is the first enhancement aimed at improving the efficiency of EFP and block reporting.
Finally, we are happy to announce that the ECX team is expanding – Megan Morgan, who was previously with CCX, joins us on January 1st. She will be working from Climate Exchange’s Chicago office and focusing on improving service and support to North American clients.
Please click here for full details.
