First cleared CER Spot transaction on Climex exchange

On Thursday 17 January 2008, the first Certified Emission Reductions (CERs) were traded in a cleared spot transaction on the Climex exchange. The trade was cleared by APX BV, the central counterparty of the Climex Exchange, and settled through the Swiss National Emissions Trading Register of the Federal Office for the Environment (FOEN) in Bern.

“As the fastest growing spot CO2 exchange in Europe, we are very happy with this important milestone, ”Axel Posthumus, CEO of New Values, the owner of Climex, said. “We believe that CER spot trading will become an important trading product on the EU Emissions Trading Scheme, as operators will look to use their linking limits to the maximum, and therefore it is important that we can provide our participants with a method to do so”.
As of Monday 18 February 2008, cleared CER Spot Trading is a standard product on Climex as well as EUA trading. Please read Newsletter article number … if you want to learn about how you can trade spot CERs on Climex.