UK markets closed
  • FTSE 100

    7,017.47
    -135.96 (-1.90%)
     
  • FTSE 250

    22,324.19
    -210.95 (-0.94%)
     
  • AIM

    1,229.80
    -11.57 (-0.93%)
     
  • GBP/EUR

    1.1636
    -0.0053 (-0.46%)
     
  • GBP/USD

    1.3809
    -0.0115 (-0.83%)
     
  • BTC-GBP

    25,610.70
    -1,942.02 (-7.05%)
     
  • CMC Crypto 200

    888.52
    -51.42 (-5.47%)
     
  • S&P 500

    4,166.45
    -55.41 (-1.31%)
     
  • DOW

    33,290.08
    -533.37 (-1.58%)
     
  • CRUDE OIL

    71.50
    +0.46 (+0.65%)
     
  • GOLD FUTURES

    1,763.90
    -10.90 (-0.61%)
     
  • NIKKEI 225

    28,964.08
    -54.25 (-0.19%)
     
  • HANG SENG

    28,801.27
    +242.68 (+0.85%)
     
  • DAX

    15,448.04
    -279.63 (-1.78%)
     
  • CAC 40

    6,569.16
    -97.10 (-1.46%)
     

ICE European carbon trade suspended briefly on first day of migration

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: A screen displays the ticker symbol and logo for Intercontinental Exchange Inc. (ICE) on the floor of the New York Stock Exchange
  • Oops!
    Something went wrong.
    Please try again later.

By Nora Buli

OSLO (Reuters) - Trading in European emission allowances on the Intercontinental Exchange (ICE) was briefly suspended due to technical issues on Monday, the exchange said, the first day that trading migrated to the ICE Endex platform.

Trading resumed at 0910 GMT after the brief suspension.

Monday marked the start of trading of European carbon futures and options on ICE's Netherlands-based exchange in Amsterdam, after a migration from London, as a result of Britain's departure from the European Union.

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

Trading in the EUA benchmark Dec-21 contract resumed at 49.34 euros per tonne and traded 51.47 euros/tonne at 1243 GMT.

EUA futures trades that were conducted prior to the market re-opening were cancelled by ICE Endex, the exchange said in a statement.

Trading of British emission allowances, which started last month, is being operated from London and was not affected by the issue, the spokeswoman said.

European emission allowances could be traded on rival exchange European Energy Exchange, based in Germany, throughout the suspension on ICE Endex. On the EEX, the Dec-21 EUA traded at 51.47 euros/tonne.

(Reporting by Nora Buli; Editing by Kirsten Donovan, Edmund Blair and David Evans)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting