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E-mailLondon, 4 April 2011
Green Exchange ( GreenX) announced today that it set new records for total monthly volume, futures volume and open interest in March 2011.
During the month, 58,749 futures contracts were traded on GreenX, 34% above the previous monthly record, which was set in December 2010. Open interest at the end of March stood at a record 64,122 contracts, a 47% increase compared with 1 January 2011.
As a result, the total traded volume for 2011 stands at 118,125, which as previously announced, means that GreenX’s total 2010 volume has already been surpassed. This quarterly volume represents an increase of 96% over GreenX's 2010 fourth quarter totals.
The monthly, year-to-date trading and open interest records demonstrate the value that GreenX continues to deliver through its range of high quality products. The exchange’s stringent focus on quality and transparency has proved an important differentiator within the market as a whole, evidenced by the continued growth in liquidity and market participation.
Announcing the new trading records, Tom Lewis, CEO of the Green Exchange, commented: “We are very pleased with our progress to date and will continue the effort to enhance liquidity on our exchange. Our blend of products, technology, and financial strength positions GreenX to continue to grow and develop as we move forward.”
GreenX is a consortium of leading banks, brokers, trading firms, and CME Group that, through significant experience in the energy, commodities and environmental markets, have developed a highly regulated, transparent and liquid venue for trading environmental commodity futures and options contracts.
The owners of GreenX's holding company, Green Exchange Holdings LLC, are: Constellation NewEnergy, Credit Suisse Energy, Evolution Markets, Goldman Sachs, ICAP Energy, J.P. Morgan Ventures Energy, Morgan Stanley Capital Group, RNK Capital, Spectron Energy, TFS Energy, Tudor Investment, Vitol and CME Group, the world's largest and most diverse derivatives marketplace.
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