Green Exchange hit the ground running during its first week of trading, recording notable volumes.
The new entrant in the emissions market traded a total of 1.6m tonnes of carbon. The numbers surpassed equivalent first week volumes recorded by the market leader in carbon emissions, European Climate Exchange (ECX). ECX traded 262,000 tonnes when it debuted in April, 2005.
Green Exchange launched two carbon contracts - European allowance, (EUA) contracts and Certified Emissions Reduction (CER) contracts - while also launching Nitrogen oxide and sulphur dioxide contracts.
CER contracts attracted the largest volumes of the week, trading a total of 310 contracts, while EUA contracts volume totalled 280 contracts. Trading in the exchange’s sulphur contracts was also strong, attracting 236 trades but trading levels in the nitrogen oxide contracts was less impressive, with...