Kick-start for coal futures

In the latest attempt to boost coal derivatives trading, two energy exchanges - Atlanta-based Ice Futures and Germany's European Energy Exchange (EEX) - have launched near-identical coal futures contracts. As the rival exchanges commence battle to attract players, will they find the market is ready for a futures contract?

Volumes in the global coal derivatives market have been growing rapidly, from 750 million tonnes in 2004, to 1 billion tonnes in 2005. Clean coal technology has the potential to