ICE to transition European Union Emission Allowance Contracts to ICE Endex in the Netherlands…

first_img Twitter Pinterest By Digital AIM Web Support – February 8, 2021 LONDON & AMSTERDAM–(BUSINESS WIRE)–Feb 8, 2021– Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today that it plans to transition ICE EUA Futures and Options and ICE EUA Daily Futures (collectively, “ICE EUAs”) and ICE EUAA Futures (“ICE EUAAs”) from ICE Futures Europe, ICE’s London-based exchange, to ICE Endex, ICE’s exchange in the Netherlands, during the second quarter of 2021, subject to the completion of regulatory processes. A more specific date for the transition will be announced in due course. ICE EUA and EUAA markets will continue to be cleared at ICE Clear Europe in London where they are cleared alongside ICE’s global environmental complex including California Carbon Allowances (CCAs) and California Carbon Offsets (CCOs), as well as some of the largest energy contracts in the world across oil, natural gas, power and coal, allowing those who trade to benefit from the margin offsets created by clearing alongside ICE’s global energy complex. “The decision to transition the execution of EU emission allowance contracts to the Netherlands follows close dialogue with customers over the past few months and will help those who rely on these markets to meet obligations and manage climate price risk in the most cost-effective and seamless manner”, said Stuart Williams, President of ICE Futures Europe. “Leveraging our experience in managing transitions, we will carry out this process in the smoothest possible manner for customers.” The EU Emissions Trading Scheme is a cornerstone of the EU’s policy to combat climate change. Market-based mechanisms like carbon cap and trade programs are pivotal in allowing policy makers to control the quantity of carbon to align with their net-zero commitments and put a price on emissions to reach those goals in the most cost-effective manner. EUA futures and options volume traded on ICE has increased more than 100% from 2015 to 2020. More than 12 million lots of EUA futures and options traded on ICE in 2020, equivalent to 12 billion allowances or 12 gigatonnes. ICE’s EUA contract is one part of ICE’s global environmental complex which includes futures and options connected to ICE’s California Cap and Trade, Regional Greenhouse Gas Initiative and renewable energy credits markets. Volume in the North American Environmental complex increased by approximately 30% in 2020 versus 2019. In April 2020, ICE launched the ICE Global Carbon Futures Index to track and benchmark the global price of carbon. While in December 2020, ICE was appointed to host emissions auctions as part of the launch of a UK Emissions Trading Scheme (UK ETS). ICE plans to commence auctions and launch UK spot and futures carbon allowance contracts on ICE Futures Europe no later than the second quarter of 2021, subject to regulatory approval. ICE has been a leader in environmental markets for nearly two decades. A wide and increasing group of stakeholders use the price signals from ICE’s global markets and indices to help assess climate transition risk in their portfolios, and access liquidity pools for compliance purposes, managing risk and allocating capital to benefit from energy transition opportunities. About Intercontinental Exchange Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).” Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021. Source: Intercontinental Exchange ICE-CORP View source version on CONTACT: ICE Media Contact Rebecca Mitchell +44 7951 057351 [email protected] Investor Contact Warren Gardiner 770-835-0114 [email protected] KEYWORD: EUROPE UNITED KINGDOM NETHERLANDS INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES ENVIRONMENT FINANCE SOURCE: Intercontinental Exchange Copyright Business Wire 2021. PUB: 02/08/2021 07:00 AM/DISC: 02/08/2021 07:01 AM Pinterest Facebook Facebook Local NewsBusinesscenter_img ICE to transition European Union Emission Allowance Contracts to ICE Endex in the Netherlands during the Second Quarter of 2021 WhatsApp Twitter WhatsApp TAGS  Previous articleLandowner Receives Right of First Refusal for Water and Gas – Landmark Surface-Use Agreement Signed for ESG GoalsNext articleHip Hop Hall of Fame Café & Museum Gallery to Open in Harlem, NYC in 2021 With Hip Hop “History” and “Activism Black Lives Matter” Exhibits – Post Covid Vaccine Digital AIM Web Supportlast_img read more

Donegal business leaders back “Yes” campaign

first_img 75 positive cases of Covid confirmed in North Pinterest Twitter Twitter Facebook Google+ Newsx Adverts Google+ WhatsApp Pinterest Facebook RELATED ARTICLESMORE FROM AUTHORcenter_img Donegal business leaders have come out in support of a YES vote in the upcoming Fiscal Stability Treaty referendum.At a meeting last evening organised by IBEC North West a number of high profile business people endorsed a Yes vote.Speaking following the meeting Peter Mulrine of P Mulrine & Sons said: that A yes vote is vital to the interests of this country and will provide greater certainty about our economic future.Lynn Temple of Magee & Co said: “The treaty is not the solution to all our current difficulties, but it is part of the solution. The economic stability that the Fiscal Stability Treaty will provide will act as a confidence boost for the economy.Deirdre McGlone of Harvey’s Point Country Hotel said: “The Fiscal Stability Treaty will provide certainty about the future funding of the state. Access to the European Stability Mechanism is a vital insurance policy and is an essential part of restoring confidence and economic stability.There views where endorsed by Senator Jimmy Harte, Donegal Deputy Joe McHugh and Minister Frances Fitzgerald who was in donegal to fufill a number of functions. WhatsApp Previous articleSF welcome “positive” meeting with Acting Chief SuperintendentNext articleHSE launches “Clean Hands Save Lives” campaign News Highland 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry Donegal business leaders back “Yes” campaign Main Evening News, Sport and Obituaries Tuesday May 25th By News Highland – May 5, 2012 Gardai continue to investigate Kilmacrennan fire Further drop in people receiving PUP in Donegal last_img read more

Firms told: wake up to benefits of work-life balance

first_img Previous Article Next Article Comments are closed. Employment minister Alan Johnson has urged businesses to adopt work-lifebalance polices after new research reveals stress-related absenteeism costsbusiness £7.1m a week. The study by the Department for Trade and Industry’s Work-Life BalanceCampaign finds only a quarter of employers are aware how much sickness absenceaffects the bottom line. The survey also shows widespread ignorance about the burden to business ofstaff turnover. Only one in five of the companies surveyed are aware it costs,more than £3,000 on average every time someone leaves. Johnson stressed that employers need to start making the link betweenprogressive employment practices and reduced absenteeism and staff turnover. “Businesses need to be smarter when it comes to beating theseproblems,” he said. “Work-life balance policies such as flexiblework, job sharing and employee benefits don’t require huge cash investment –just a fresh approach. Employers have to realise that prevention is better, andcheaper, than cure.” The study also finds that nearly 60 per cent of employers have neverconsidered offering job shares and 56 per cent have not thought aboutintroducing flexible work locations. Almost half of the employers have never considered any benefits packages andone in 10 have not offered part-time work. The study follows previous government research which reveals UK employeesare five times more likely to be offered stress counselling than preventativework-life balance policies such as childcare advice. Ben Willmott Related posts:No related photos. Firms told: wake up to benefits of work-life balanceOn 2 Apr 2002 in Personnel Todaylast_img read more