EUA Markets Reach Record Participation
Through 2023 and Q1 2024 with Record Trading Activity in North
American Environmental Markets in 2023
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of technology and data, today announced that 2023 marked
the third consecutive year where ICE carbon allowance volumes
traded the equivalent to $1 trillion in notional value.
Trading activity in ICE’s global environmental markets is up
over 30% year-over-year (y/y) with open interest up 20% y/y.
ICE’s EU Carbon Allowance (EUA) futures and options, the world’s
most liquid carbon market and the global benchmark price for
emissions, reached record participation throughout 2023 and during
Q1 2024.
To complement this market, ICE has today launched Mini EUA
futures, in a lot size of 100 tons versus the 1000 ton lot size in
the benchmark EUA futures. The smaller contract size is designed to
support the shipping industry in managing emissions price risk and
will sit alongside ICE’s existing contracts across Marine Fuels,
Wet Freight, LNG and LPG Freight and Low Sulphur Gasoil
futures.
“Built over the past two decades and counting, our global
network of exchanges and data now sit at the heart of the world’s
most important energy transition where the benchmark prices for
energy and carbon are formed every day,” said Gordon Bennett,
Managing Director, Utility Markets at ICE.
“As the biggest and most liquid carbon market in the world, the
EU will continue to influence international carbon markets and,
with the addition of CORSIA and Mini EUA futures, ICE is offering
additional tools for customers to bring their carbon tons on risk
and put a price on the cost of emissions,” continued Bennett.
During 2023, ICE’s CORSIA futures went live, providing a
targeted tool for airline operators to manage their emissions
exposure, and are currently the only way for the market to trade
futures based on CORSIA Phase 1. Also in 2023, ICE expanded its
range of cap-and-trade futures markets, with the launch of
Washington carbon allowance futures, and in 2024 listed the first
environmental futures market based on Alberta, Canada’s carbon
program.
In 2024 year-to-date, over 1.6 million contracts have traded
across North American environmental markets, up over 40% versus
this period last year. While in 2023, a record 3.9 million
contracts traded, along with record participation. The notional
value of physically settled futures contracts in the North American
portfolio was $10.8 billion in 2023, breaking the last record set
in 2021.
ICE offers customers the most liquid markets to trade futures
and options on California Carbon Allowances, California Carbon
credits, RGGI Allowances (RGA), California Low Carbon Fuel Standard
(LCFS) Credits, and Renewable Energy Certificates.
ICE’s energy and environmental markets are the most liquid in
the world. On April 18, 2024, open interest across ICE’s global
energy portfolio hit a record 61 million contracts. Since launch,
over 166 billion carbon allowances, approximately 460 million
renewable energy certificates, 6 billion carbon credits, and the
equivalent of 13 billion Renewable Identification Numbers (RINs)
have traded on ICE.
For more information, please visit:
https://www.ice.com/energy/environmental or read our FAQs.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds and operates digital networks that
connect people to opportunity. We provide financial technology and
data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges
– including the New York Stock Exchange – and clearing
houses help people invest, raise capital and manage risk. We
offer some of the world’s largest markets to trade and clear energy
and environmental products. Our fixed income, data services
and execution capabilities provide information, analytics and
platforms that help our customers streamline processes and
capitalize on opportunities. At ICE Mortgage Technology, we
are transforming U.S. housing finance, from initial consumer
engagement through loan production, closing, registration and the
long-term servicing relationship. Together, ICE transforms,
streamlines and automates industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 – Statements in this press release regarding
ICE'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, 2023, as
filed with the SEC on February 8, 2024.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20240422838228/en/
ICE Media Contact: Jess Tatham jess.tatham@ice.com
+44 7377 947136
ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882
Intercontinental Exchange (NYSE:ICE)
過去 株価チャート
から 4 2024 まで 5 2024
Intercontinental Exchange (NYSE:ICE)
過去 株価チャート
から 5 2023 まで 5 2024