GREENX TRADING VOLUMES UP
GreenX traded over 44 million tonnes in November – an increase of 115% over October and 240% increase compared to the same month last year. Nov 30th recorded the highest volume on GreenX during the month with 11,978 lots traded and cleared. Year to date trading volumes on GreenX now total 427,746 contracts, compared to 60,794 over the same period in 2010. Open Interest grew to 138,691 contracts, which is a new record for the Exchange. Approaching year end and expiration, EUA Dec11 made up the largest slice of the volumes, although Dec12 is on the rise.
WHAT’S THE PRICE OF CARBON?
European carbon prices continued to decline in November, with EUAs and CERs dropping as low as €7.69 and €5.31, respectively. By the end of the month, the market bounced a little and prices ended on a slightly higher note. Over in California, CCA Futures settled around the $15.25 (€11.30) level.
NEW U.S. NOX AND SO2 FUTURES CONTRACTS ON GREENX
On November 7th, GreenX introduced four new futures contracts under the Cross-State Air Pollution Rule (CSAPR) program for reducing NOX and SO2 emissions. The new contracts are available for electronic trading on CME Globex and for submission for clearing through CME ClearPort.
LAUNCH OF CALIFORNIA CARBON ALLOWANCE (CCA) OPTIONS
On November 9th, GreenX announced its intention to list California Carbon Allowance (CCA) Options for trading on December 12, 2011. The new options contract is an addition to GreenX’s current offerings for the California Emissions Trading Scheme (Cal ETS) and are available for electronic trading through CME Globex and for submission for clearing through CME ClearPort.
