Paris, 13 October 2009 

BlueNext, the leading environmental trading exchange, launched a new Outright Spread contract that allows its members to price the difference between spot EUA and CER contracts. 

This offers both industrial and financial institutions an alternative way to hedge the liquidity in the EUA and CER spot markets. Executing an Outright Spread contract is simple as you make a single trade which is then automatically broken into a single EUA trade and a single CER one. However, even though two trades are physically created a member pays only for the difference between the two contracts.

Jean-Pierre Hort, deputy CEO of BlueNext, said “The new contract was developed in direct response to demands by our members for more standardised financial products. But also as an additional tool to help Industrial companies optimise their carbon asset management.”

Carbon Warehouse, a global emissions brokerage company, and Five Rings Capital completed the first outright spread transaction on BlueNext. Mr Jan Pravda, CEO of Carbon Warehouse said “This demonstrates that BlueNext is the leader and a real innovator in the global emissions market”. Mr Jason McCarthy, managing director of Five Rings Capital declared “Five Rings Capital is dedicated to the development of secondary markets for carbon emissions, and embraces the creativity and product innovation exemplified by the outright spread product launched on BlueNext”.

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www.bluenext.eu