The European Energy Exchange (EEX) creates further incentives for trading Emission Allowances on its markets. Although companies that wish to trade exclusively on the Spot and Derivatives Markets for Emission Allowances can already join EEX via the “Emissions Only”-Membership, EEX now waives the Annual Fee for 2013 totalling 5,000 Euro per market, for those companies who register for “Emissions Only” on the exchange until 31 December 2012.
In addition, EEX offers a new rebate scheme for trading on the CO2 Secondary Market which leads to lower transaction fees for participants that trade higher volumes. To this end, volume thresholds have been defined for the Spot and the Derivatives Market. The traded volume of each participant will be checked by EEX on a monthly basis and transactions fees will be adjusted accordingly. On the Spot Market, traders can reduce the combined transaction fee for trading and clearing from 0.6 € Cent/tonne CO2 to 0.4 € Cent/tonne CO2 and on the Derivatives Market from 0.28 € Cent/tonne CO2 to 0.1 € Cent/tonne CO2. The programme will be launched on 1 January 2013 and is valid at least for one year.
“Driven by the auctions, we see a higher interest from participants to trade emissions at the EEX. Through the support from market makers and the mix of new products, the volume rebates and the Annual Fee holiday for new customers we want to win more participants to actively trade and further increase the liquidity of our CO2 markets,” says Steffen Köhler, Chief Operating Officer of EEX. From January until October 2012,150 million tons CO2 had been traded on the EEX which represents a year-on-year in- crease of 58 per cent. In the last month, 4 more participants have been admitted for emissions trading on the EEX.
Together, EEX and Eurex offer their participants a platform for trading in CO2 Emission Allowances. In the framework of this cooperation, which was launched in December 2007, Eurex participants can trade the CO2 emission products listed on EEX and take part in auctions through their existing infrastructure and a simplified admission process.
