The Emissions Market--ICE Futures Europe.pdf

The Emissions Market ICE Futures Europe Copyright © 2010 ICE Futures Europe. ICE Futures Europe is a Recognised Investment Exchange in the UK supervised by the Financial Services Authority in accordance with the Financial Services and Markets Act 2000. The ination and materials contained in this presentation, graphics, links or other items-are provided “as is“ and “as available”. ICE Futures Europe, and its subsidiaries, does not warrant the accuracy, adequacy or completeness of this ination and materials and expressly disclaims liability for errors or omissions in this ination and materials. No warranty of any kind, implied, express or statutory, including but not limited to the warranties of non-infringement of third-party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the ination and materials. The ination in this presentation is liable to change at short notice. You should not rely on any ination contained in this presentation without first checking with us that it is correct and up to date. Legal Disclaimer 2 Serving Global Markets › 3 ICE operates 17 regulated exchanges and 6 clearing houses for the global financial and commodity markets. Integrated Markets, Clearing and Technology ICE Regulated Futures Exchanges ICE OTC ICE Data set-aside proposal Backloading of allowances confirmed Fukushima – German nuclear decision 2005 EUA Future launch 2007 CER Future 2009 EUA/CER Spot 2008 EUA/CER Options 2010 ERU Future 2012 EUAA Future Total Open Interest March 2015 7 02004006008001000120014001600180020002200OpenInterest 1,000,000 tCO2eEUA Futures CER Futures EUA Options CER Options ERU Futures ERU Options EUAA FuturesSeller’s Account Units are held in dematerialized in a national registry account. In the case of physical delivery a registry account will be required. Seller’s Clearing Member’s Account ICE Clear Europe Account Buyer’s Clearing Member’s Account Buyer’s Account Payment Allowances Payment Payment Allowances Allowances The Delivery Mechanism 8 Clearing Members of ICE Futures Europe able to offer clearing and trading services for Emissions Contracts to third parties. ICE Emissions Clearing Members 9 ICE Emissions Members 10 A2A Trading S.r.L ABN AMBRO Clearing Bank N.V. ADM Investor Services International Ltd ADM Investor Services, Inc Allston Capital LLC Aurel BGC Axpo Trading AG Banco Santander Central Hispano SA Barclays Capital Barclays Capital Inc. BG International Ltd BNP Paribas Commodity Futures Ltd BNP Paribas Prime Brokerage, Inc BOCI Global Commodities UK Limited BP Gas Marketing Centrica Energy Ltd CEZ A.S. CFP Energy Limited Citadel Derivatives Trading Ltd Citgroup Global Markets Ltd Citigroup Global Markets Inc. COzero Pty Ltd Credit Agricole Corporate and Investment Bank Credit Suisse International Credit Suisse Securities Europe Limited Credit Suisse Securities USA LLC DELTA Energy B.V. Deutsche Bank AG Deutsche Bank AG erly BHF Bank Deutsche Bank Securities Inc. Dom Maklerski Consus S.A. E.ON Global Commodities SE E T Energie Handelsellschaft M.B.H E D F Man Capital Markets Limited EDF Trading Limited EDP. Energias De Portugal SA EGL Energia Iberia SL Electrabel SA Electrade S.p.A. Endesa Generacion SA Enel Trading S.p.A. Energa-Obrot SA Energie AG Oberosterreich Trading Gmbh Energi Danmark A/S European Investment Bank FC Stone LLC Five Rings Capital, LLC Fortum Power and Heat OY Galp Power, S.A. Gas Natural SDG, S.A. Gazprom Marketing Trading Ltd GFI Brokerts Limited GH Financials Ltd Goldman Sachs International Goldman Sachs Co. HSBC Bank PLC ICAP Securities Limited Integral Derivatives, LLC Interactive Brokers LLC Jefferies Bache Limited Jefferies Bache LLC J.P. Morgan Securities plc J.P. Morgan Securities LLC Jump Trading Futures LLC KCG Americas LLC Macquarie Bank Limited London Branch Macquarie Futures USA Inc Marex Financial Limited Marubeni Corporation Merrill Lynch Commodities Europe Ltd Merrill Lynch International Merrill Lynch, Pierce, Fenner Smith Incorporated MF Global UK Limited - in Administration Mitsui Co. Commodity Risk Management Limited Mizuho Securities USA Inc Morgan Stanley Co International Ltd Morgan Stanley Co. LLC Natixis SA Newedge Group UK Branch FIM Newedge USA, LLC Nomura International Plc Nordea Bank Finland PLC. OTC Europe LLP PetroChina International London Company Limited PGNiG S.A. Proxima Clearing, LLC PVM Oil Futures Ltd R.J. O Brien Associates, LLC Rand Financial Services Inc RBC Capital Markets, LLC RBC Europe Limited Ren Trading S.A. RWE Supply and Trading GmbH Scottish Power Energy Management Ltd SEB Futures Div of Skandi Enskilda Bk Shell International Trading Shipping Co Ltd Solvay Energy Services SAS Spectron Energy Services Ltd Stadtwerke Leipzig GmbH Statkraft Energi AS Statkraft Markets GmbH Susquehanna Ireland Limited TAURON Polska Energia Spolka Akcyjna TFS Derivatives Ltd The Kyte Group Ltd The Royal Bank of Scotland PLC Thyssenkrupp AG Tibra Trading Europe Limited Total Global Steel Ltd. Tullett Prebon Europe Limited UBS Limited UBS Securities LLC Vattenfall Energy Trading GmbH Vattenfall Energy Trading Netherlands N.V. Verbund AG Virtu Financial Global Markets LLC Virtu Financial Ireland Limited Vision Financial Markets LLC Wells FargoBank, N.A. Wells Fargo Securities, LLC XR Trading LLC George Waldburg Director, Emissions Markets ICE Futures Europe 44 0 20 7065 7755 Emissions Desk 44 0 20 7065 7796 https// Contacts 11