ECX's CER volumes hit 10 million+ tonnes

The European Climate Exchange says volumes of its certified emissions reduction futures hit over 10 million tonnes in the first 10 days after the March 14 launch

The contracts, which are listed on a quarterly cycle from December 2008 to 2012, were finally launched last month after a clearing dispute with the then clearing house LCH.Clearnet was resolved so European Climate Exchange (ECX) could resolve these through its own clearing system, ICE Clear Europe.

Patrick Birley, chief executive officer of ECX, says: “There was an unconventional delay in the launch but we got the go ahead and the volumes we have seen have been very good.”

The ECX is now looking

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