IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 21 new OTC North American emissions contracts. All of the new forward contracts will be available for the trade date of Monday, August 29, 2011, and options will be available Monday, September 19, 2011.
The new contracts are:
- Climate Action Reserve Forward
- Climate Action Reserve Forward Options
- Carbon Financial Instrument, United States, Forward
- Carbon Financial Instrument United States, Forward Options
- Connecticut Compliance Renewable Energy Certificates Class 1 Forward
- Massachusetts Compliance Renewable Energy Certificates Class 1 Forward
- New Jersey Compliance Renewable Energy Certificates Class 1 Forward
- Regional Greenhouse Gas Initiative Forward
- Regional Greenhouse Gas Initiative Forward Options
- Sulfur Financial Instrument Forward
- Sulfur Financial Instrument Forward Options
- Cross State Air Pollution Rule TR SO2 Group 1 Allowance Forward
- Cross State Air Pollution Rule TR SO2 Group 1 Allowance Forward Options
- Cross State Air Pollution Rule TR SO2 Group 2 Allowance Forward
- Cross State Air Pollution Rule TR SO2 Group 2 Allowance Forward Options
- Cross State Air Pollution Rule TR NOx Annual Allowance Forward
- Cross State Air Pollution Rule TR NOx Annual Allowance Forward Options
- Cross State Air Pollution Rule TR NOx Ozone Season Allowance Forward
- Cross State Air Pollution Rule TR NOx Ozone Season Allowance Forward Options
- California Carbon Allowance Forward
- California Carbon Allowance Forward Options
With the products announced today, ICE will offer more than 550 cleared OTC energy contracts, including more than 455 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.
ICE Clear Europe enables the efficient development of new products to support the risk management needs of member firms and customers in ICE’s global energy futures and OTC markets. In 2002, ICE pioneered the concept of cleared OTC energy contracts, which provide participants with access to centralized clearing and settlement arrangements while reducing bilateral credit risk and capital required for each OTC trade.