On 18 January 2008, a new daily record was achieved in trading of EUA futures on the market for emission allowances operated by European Energy Exchange AG (EEX) and Eurex AG: 301,000 EUAs were traded. In January, a total of 2,081,000 EUAs has already been traded.
Since 5 December 2007, EEX and Eurex have offered their customers trading of CO2 emission allowances (EUA futures) via a joint platform. 10 new trading participants were connected in the framework of the co-operation, while another eight are in the process of licensing. This means a total of 110 trading participants have now been licensed for trading in EUA futures on EEX. Since the launch of the co-operation on 5 December 2007, more than 3 million EUA futures have been traded.
Moreover, the trading participants also benefit from the development of the spreads the differences between the buying and the selling rate. On average, these have fallen to 5 to 9 cents.
“The increasing trade volumes show that our co-operation is generating its first successes. The high degree of interest on the part of our trading participants, in particular from the USA, confirms the attractiveness of the market for the trading participants from the financial market,” says Peter Reitz, member of the managing board, Eurex
“The development of the spreads shows that we do not have to shrink from the comparison with other markets,” adds Maik Neubauer, member of the managing board, EEX.
In order to promote trading, since the start of the co-operation, EEX has reduced the trading fee for exchange transactions in emission products to 0.001 per t of CO2. The exchange also charges a fee of 0.001 per t of CO2 for the registration of OTC transactions on EEX. The price reduction is valid until the end of March 2008.