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European Energy Exchange (EEX) is cutting transaction fees for trading and clearing of Emission Allowances on the Secondary Spot Market from 6 Euro/1,000 tonnes CO2 to 3 Euro/1,000 tonnes CO2 with immediate effect. Thereby, EEX is enhancing its competitiveness on the spot secondary market for CO2 allowances.
“This move is a clear signal to our trading participants and will contribute to attract liquidity on our CO2 Secondary Market”, Steffen Köhler, Chief Operating Officer of EEX, assures. In January, the volume traded on the Secondary Spot Market of EEX more than doubled from the previous month (1,790,000 t CO2 compared to 820,000 t CO2 in December).
The new flat fee covers all products offered on the Spot Secondary Market for Emission Allowances. This comprises EU Allowances (EUA), EU Aviation Allowances (EUAA) as well as Green and Grey Certified Emission Reductions (CER). The transaction fees for the primary market auction are not affected by the change.
Together, EEX and Eurex offer their participants a platform for trading in CO2 emission allowances. In the framework of this co-operation, which was launched in December 2007, Eurex participants can trade the CO2 products listed on EEX and take part in EUA auctions via their existing infrastructure and a simplified admission process.
