ICE Recognised for Leading Role in Emissions Markets for Third Consecutive Year
LONDON, Dec. 13, 2012 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, has been recognised as the “Best Exchange – EU Emissions Trading Scheme” in the carbon emissions market for the third time by Environmental Finance and Carbon Finance Magazine in its 13th Carbon Finance Annual Market Survey.
“ICE is delighted to be recognised for its leading role in the emissions markets for the third year running. 2012 has been a strong year for our emissions product range in terms of overall volume growth, as well as new strategic developments,” said David Peniket, President and COO, ICE Futures Europe.
“This year, we launched a new auction facility on the Exchange and subsequently hosted our first successful auctions on behalf of the European Investment Bank and the UK Government. Following additional security measures adopted by the European Commission, we also reopened the emissions daily futures market this month. These initiatives and the start of a new phase in the EU Emissions Trading System from 2013 will see more participants required to enter the market next year and provide new opportunities for the market to develop further,” he added.
ICE Futures Europe offers futures and options contracts on four types of carbon units: EU Allowances (EUAs),Certified Emission Reductions (CERs), Emissions Reductions Units (ERUs) and European Union Aviation Allowances (EUAAs).
Emissions volumes have experienced strong growth since the first contract was launched in 2005, with annual ICE emissions futures and options volumes achieving a record 7.57 million contracts in 2011 (7,570 million tonnes of CO2). Year to date volumes in 2012 for ICE emissions futures and options products are 8.88 million contracts, an increase of 23% on the same period last year. As of December 11, 2012, open interest was 2.03 million contracts.
IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world’s crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding IntercontinentalExchange’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the SEC on February 8, 2012, and ICE’s Quarterly Reports on Form 10-Q for the quarters ended June 30, 2012, as filed with the SEC on August 1, 2012 and September 30, 2012, as filed with the SEC on November 5, 2012.