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GreenX Monthly June 2011
June 2011 GreenLights MARKET EXPERIENCES VOLATILITY EUA and CER prices were put under pressure and intra-day ranges surged. The fastest dropping day of the month, 24 June, saw prices trade at a high of €13.58 to a low of €12.07 to settle at the level of €12.30.
RECORD VOLUMES ON GREENX June recorded the highest monthly Exchange-wide volume for GreenX futures and options. A total of 71,399 contracts, corresponding to over 70 million tonnes of CO2, traded and cleared through Globex screen and OTC brokered trades. Record trading days on the 28th and 29th of June saw 8,759 and 12,572 contracts respectively.
GREENX CAPTURES 20% OF EU MARKET The Exchange recorded approximately 20% share of the European ETS market on three trading days in June. With market share steadily rising month-by-month, GreenX captured an average market share of 8% in June, up from 5% in May.
OPEN INTEREST CONTINUES TO GROW GreenX Open Interest continues to grow and reached an all time high of 94,995 contracts during the month, or nearly 95 million tonnes, up 117% from the start of 2011. Phase 3 contracts, Dec13 and Dec 14, saw particularly strong growth. EUA Price Development June 2011
Open Interest 2011
Monthly Volume 2011
CONTACT: GREEN EXCHANGE INTERNATIONAL │ ONE ROYAL EXCHANGE AVENUE │LONDON EC3V 3LT │TEL +44 (0) 20 7464 4180 │ FAX +44 (0) 20 7464 4187
WWW.THEGREENX.COM
Key Figures: June 2011
Product
Screen Volume
OTC Volume
Volume (total)
YTD
IDM EUA Futures
22,090
42,375
64,465
215,477
Dec- 11
13,028
8,805
21,833
115,448
€13.53
11,220 (↓10.5%)
Dec-12
5,638
19,070
24,708
64,720
€14.18
18,599 (↑67.6%)
Dec-13
3,294
14,000
17,294
31,107
€15.23
15,304 (↑82.5%)
Dec-14
130
500
630
4,182
€16.20
3,588 (↑8.4%)
Daily EUA Futures
0
0
0
1,451
€13.33
n/a
IDM CER Futures
536
5,898
6,434
16,836
December 2011
235
1,115
1,350
5,745
€10.98
1,698 (↑19.1%)
December 2012
301
4,783
5,084
11,091
€11.14
4,954 (↑29.6%)
CERplus Futures
0
0
0
405
€11.81
405 (0%)
RGGI Futures
0
500
500
500
$1.84
500
Total Futures
22,626
48,773
71,399
234,669
57,9631 (↑58.8%)
IDM EUA Options
0
0
0
5,250
16,750 (0%)
IDM EUA Serial Options
0
0
0
2,000
0
IDM CER Options
0
0
0
0
15,300 (0%)
IDM CER Serial Options
0
0
0
0
0
Total Options
0
0
0
7,250
32,050 (0%)
Total EUAs
22,090
42,375
64,465
224,178
65,631 (↑26.0%)
Total CERs
536
5,898
6,434
17,241
23,882 (↑13.0%)
Total RGGI
0
500
500
500
500 (0%)
GRAND TOTAL
22,626
48,773
71,399
241,919
90,013 (↑22.4%)
Total Screen
22,626
116,873
Total OTC
48,773
125,046
1 Includes
Settlement Price
Open Interest 48,711 (↑37.8%)
6,652 (↑26.7%)
open interest in legacy EUA (RC) and CER (VA) Futures contracts.
Note: All numbers given in contracts, where 1 contract equals 1,000 EUAs or 1,000 CERs. Sales Contacts:
EU/UK
US
Wouter de Klein, Senior Manager, Client Accounts Tel: +44 (0)20 7464 4185 E-mail: [email protected]
John Melby, Managing Director, North American Markets Tel: +1 (858) 504 0333 E-mail: [email protected]
Gavin Tait, Senior Manager, Client Accounts Tel: +44 (0) 20 7464 4184 E-mail: [email protected]
Andrew Pisano, Senior Manager, Marketing & Development Tel: +1 (212) 299 2557 E-mail: [email protected]
DISCLAIMER The information within this presentation has been compiled by GreenX for general purposes only. GreenX assumes no responsibility for any errors or omissions. Additionally, the above information is provided for explanation purposes only, and should not be considered investment advice or the results of actual market experience. This information does not constitute a solicitation for the purchase or sale of any futures or options. This communication does not constitute a Prospectus, nor is it a recommendation to buy, sell or retain any specific investment. This communication is for the exclusive use of Professional Clients only and must not be relied upon by Private Clients who should take independent financial advice. Circulation must be restricted accordingly. Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyle and only a portion of those funds should be devoted to any one trade as traders cannot expect to profit on every trade. All references to options refer to options on futures. All references to specifications herein are made subject to and are superseded by official GreenX rules. Current rules should be consulted in all cases concerning contract specifications. GreenX, its associates and its products are promoted in Europe by CME Marketing Europe Limited. CME Marketing Europe Limited is authorized and regulated by the Financial Services Authority. SM Green Exchange®, The Green Exchange and Design®, GreenX™ and CERplus are trademarks and service marks of Green Exchange LLC. CME and Globex are trademarks of Chicago Mercantile Exchange Inc. us ed here under license. All other trademarks are held by their respective owners.
CONTACT: GREEN EXCHANGE INTERNATIONAL │ ONE ROYAL EXCHANGE AVENUE │LONDON EC3V 3LT │TEL +44 (0) 20 7464 4180 │ FAX +44 (0) 20 7464 4187
WWW.THEGREENX.COM
June 2011 GreenLights MARKET EXPERIENCES VOLATILITY EUA and CER prices were put under pressure and intra-day ranges surged. The fastest dropping day of the month, 24 June, saw prices trade at a high of €13.58 to a low of €12.07 to settle at the level of €12.30.
RECORD VOLUMES ON GREENX June recorded the highest monthly Exchange-wide volume for GreenX futures and options. A total of 71,399 contracts, corresponding to over 70 million tonnes of CO2, traded and cleared through Globex screen and OTC brokered trades. Record trading days on the 28th and 29th of June saw 8,759 and 12,572 contracts respectively.
GREENX CAPTURES 20% OF EU MARKET The Exchange recorded approximately 20% share of the European ETS market on three trading days in June. With market share steadily rising month-by-month, GreenX captured an average market share of 8% in June, up from 5% in May.
OPEN INTEREST CONTINUES TO GROW GreenX Open Interest continues to grow and reached an all time high of 94,995 contracts during the month, or nearly 95 million tonnes, up 117% from the start of 2011. Phase 3 contracts, Dec13 and Dec 14, saw particularly strong growth. EUA Price Development June 2011
Open Interest 2011
Monthly Volume 2011
CONTACT: GREEN EXCHANGE INTERNATIONAL │ ONE ROYAL EXCHANGE AVENUE │LONDON EC3V 3LT │TEL +44 (0) 20 7464 4180 │ FAX +44 (0) 20 7464 4187
WWW.THEGREENX.COM
Key Figures: June 2011
Product
Screen Volume
OTC Volume
Volume (total)
YTD
IDM EUA Futures
22,090
42,375
64,465
215,477
Dec- 11
13,028
8,805
21,833
115,448
€13.53
11,220 (↓10.5%)
Dec-12
5,638
19,070
24,708
64,720
€14.18
18,599 (↑67.6%)
Dec-13
3,294
14,000
17,294
31,107
€15.23
15,304 (↑82.5%)
Dec-14
130
500
630
4,182
€16.20
3,588 (↑8.4%)
Daily EUA Futures
0
0
0
1,451
€13.33
n/a
IDM CER Futures
536
5,898
6,434
16,836
December 2011
235
1,115
1,350
5,745
€10.98
1,698 (↑19.1%)
December 2012
301
4,783
5,084
11,091
€11.14
4,954 (↑29.6%)
CERplus Futures
0
0
0
405
€11.81
405 (0%)
RGGI Futures
0
500
500
500
$1.84
500
Total Futures
22,626
48,773
71,399
234,669
57,9631 (↑58.8%)
IDM EUA Options
0
0
0
5,250
16,750 (0%)
IDM EUA Serial Options
0
0
0
2,000
0
IDM CER Options
0
0
0
0
15,300 (0%)
IDM CER Serial Options
0
0
0
0
0
Total Options
0
0
0
7,250
32,050 (0%)
Total EUAs
22,090
42,375
64,465
224,178
65,631 (↑26.0%)
Total CERs
536
5,898
6,434
17,241
23,882 (↑13.0%)
Total RGGI
0
500
500
500
500 (0%)
GRAND TOTAL
22,626
48,773
71,399
241,919
90,013 (↑22.4%)
Total Screen
22,626
116,873
Total OTC
48,773
125,046
1 Includes
Settlement Price
Open Interest 48,711 (↑37.8%)
6,652 (↑26.7%)
open interest in legacy EUA (RC) and CER (VA) Futures contracts.
Note: All numbers given in contracts, where 1 contract equals 1,000 EUAs or 1,000 CERs. Sales Contacts:
EU/UK
US
Wouter de Klein, Senior Manager, Client Accounts Tel: +44 (0)20 7464 4185 E-mail: [email protected]
John Melby, Managing Director, North American Markets Tel: +1 (858) 504 0333 E-mail: [email protected]
Gavin Tait, Senior Manager, Client Accounts Tel: +44 (0) 20 7464 4184 E-mail: [email protected]
Andrew Pisano, Senior Manager, Marketing & Development Tel: +1 (212) 299 2557 E-mail: [email protected]
DISCLAIMER The information within this presentation has been compiled by GreenX for general purposes only. GreenX assumes no responsibility for any errors or omissions. Additionally, the above information is provided for explanation purposes only, and should not be considered investment advice or the results of actual market experience. This information does not constitute a solicitation for the purchase or sale of any futures or options. This communication does not constitute a Prospectus, nor is it a recommendation to buy, sell or retain any specific investment. This communication is for the exclusive use of Professional Clients only and must not be relied upon by Private Clients who should take independent financial advice. Circulation must be restricted accordingly. Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyle and only a portion of those funds should be devoted to any one trade as traders cannot expect to profit on every trade. All references to options refer to options on futures. All references to specifications herein are made subject to and are superseded by official GreenX rules. Current rules should be consulted in all cases concerning contract specifications. GreenX, its associates and its products are promoted in Europe by CME Marketing Europe Limited. CME Marketing Europe Limited is authorized and regulated by the Financial Services Authority. SM Green Exchange®, The Green Exchange and Design®, GreenX™ and CERplus are trademarks and service marks of Green Exchange LLC. CME and Globex are trademarks of Chicago Mercantile Exchange Inc. us ed here under license. All other trademarks are held by their respective owners.
CONTACT: GREEN EXCHANGE INTERNATIONAL │ ONE ROYAL EXCHANGE AVENUE │LONDON EC3V 3LT │TEL +44 (0) 20 7464 4180 │ FAX +44 (0) 20 7464 4187
WWW.THEGREENX.COM
