21.02.08~20.02.14 London loses carbon futures trading to Amsterdam, in Brexit hit to City

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Intercontinental Exchange (ICE) today said it will move its trading of European carbon futures and options to its Netherlands-based exchange in Amsterdam from London during the second quarter, in the latest sign of financial activity leaving Britain for the bloc due to Brexit.

EU carbon allowances (EUAs) are the currency used in the EUs emissions trading system (ETS), the 27-member bloc’s main tool to help reduce the greenhouse gas emissions that cause climate change.


“This decision … will help those who rely on these markets to meet obligations and manage climate price risk in the most cost-effective and seamless manner,” Stuart Williams, president of ICE Futures Europe, said in a statement….The clearing of the carbon contracts will remain at ICE Clear Europe in London, the exchange said.

To avoid disruption to markets, the EU granted clearing houses for derivatives in London continued access until June 2022.


An excerpt from https://www.cityam.com/london-loses-carbon-futures-trading-to-amsterdam-in-brexit-hit-to-city/

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  • 21.02.11 (Thu.)

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