ICE Futures Europe Announces First Cleared Trades Of ECX Emissions Reduction Unit Contracts

IntercontinentalExchange® (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the first cleared trade of ICE ECX ERU contracts. Futures and options on the market's first Emission Reduction Unit (ERU) contract were introduced on ICE Futures Europe today.

The first cleared ICE ECX options transaction was submitted on 8 November 2010 by Tullett Prebon as broker to the transaction between RNK Capital LLC and Credit Suisse, who confirmed their role as counterparties to the trade.

"We're delighted to see acceptance of our model for clearing ERUs to reduce counterparty risk. We will continue to work closely with our customers and brokerage firms to support and develop liquidity in this important market." said David Peniket, President and COO, ICE Futures Europe.

One ERU represents an emission reduction equivalent to one metric ton of carbon dioxide, under the Joint Implementation mechanism of the Kyoto Protocol. These new contracts provide price discovery and transparency for the ERU market, enabling market participants to manage their carbon price risk more efficiently with EUAs, CERs and ERUs on a single platform.

Please proceed to this link to see price, volume and open interest figures: http://www.ecx.eu/market-data/ecx-historical-data