Highlights
TRADING VOLUMES: With traders back at their desks, ECX September volumes totalled 432 Mt or 19.6 Mt Average Daily Volume, a 63% increase year-on-year. CER volumes doubled compared to August levels and Average Daily Volume in the ECX T+1 (spot-like) Futures reached over 400,000 tonnes which was nearly 20% of the total exchange spot market.
OPEN INTEREST: Total Open Interest stands just shy of 800,000 contracts (800 Mt). The September 2009 EUA and CER contracts expired on Monday, with 118,000 EUAs and 1,010,000 CERs going to delivery through ICE Clear Europe.
PRODUCTS & SERVICES: EUAs and CERs are now accepted as collateral by ICE Clear Europe and can be posted against any ICE Futures Europe oil/energy contract, with a haircut of 25%. https://www.theice.com/publicdocs/clear_europe/circulars/C09070.pdf.
New EUA and CER March 2013 Futures contracts were introduced on 16th September – the underlying unit of trade for the CER March 2013 contract is EU ETS Phase II CERs.
MEMBERSHIP: ICE Futures Europe & ECX welcome two new members: SAEN Options BV and CarbonDesk Limited.
Please click here for full details.