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IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, has been recognised as "best exchange" in four categories by Environmental Finance and Carbon Finance Magazine in its 12th Carbon Finance Annual Market Survey.
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ICE Futures Europe was voted "best exchange" for its European emissions product range as follows:
- Best Exchange EU Emissions Trading Scheme
- Best Exchange Kyoto Project Credits (JI & CDM)
ICE's OTC Markets were voted "best exchange" for North American emissions products as follows:
- Best Exchange SO2 & NOx
- Best Exchange North American Markets
David Peniket, President and COO, ICE Futures Europe said: "ICE is delighted to be recognised for its leading role in the emissions markets. Despite the current economic environment, ICE's European emissions product range has continued to achieve year on year volume growth and we look forward to continuing to serve these dynamic markets. In the U.S., we continue to see interest in regional markets and look forward to working with participants as the Californian carbon market in particular develops."
Open interest in ICE Futures Europe emissions futures and options products as at 21 December 2011 is 975,129 contracts, which equates to more than 975 million tonnes of CO2. Average daily volumes were 38,646 contracts in November. As at end November 2011, total YTD volumes for European emissions products on ICE Futures Europe are 6.9 million, surpassing the previous full year volume of 6.1 million.
In August, ICE announced the launch of 21 new OTC North American emissions contracts, including California Carbon Allowance forwards and options, which have traded nearly 3.8 million tonnes of CO2 to date.
