First CER Spot Transaction Traded On BlueNext

The contract is with physical delivery of tonnes of CER and is listed on the same trading platform as the existing contracts i.e. BlueNext Spot EUA 2008-2012, BlueNext Futures EUA and BlueNext Futures CER. BlueNext is the leading exchange for the EUA spot market with 916 000 tonnes traded on 6 August 2008; a new volume record.

The Spot CER contract essentially uses the same infrastructure as BlueNext Spot EUA; however the delivery is made in the Swiss registry. BlueNext is the only exchange that has the ability to automatically filter CERs to ensure that only those that originate in projects that meet EU ETS regulatory requirements will be transferred.

"We are really glad that we managed to do the first CER spot trade on BlueNext, over the past year we have been an active market participant on the exchange. Our goal is to create as much liquidity in the CER spot market as we have done the last three years on EUA's", said Bram Bastiaansen, Trader at STX SERVICES."

"We are delighted to have been the first to trade on BlueNext Spot CER and believe the liquidity will improve dramatically over the coming months" said Fabrice Thiebaut, Head of Trading at SAGACARBON. "We consider that an exchange with liquid spot and futures contracts really brings adding value to the market."

"Spot CER contracts have been eagerly awaited by market participants. BlueNext is pleased to introduce this new product that will help to provide transparency and liquidity to the market as well as the delivery of EU ETS compliance grade CERs to member participants." said Andrei Marcu, Chief Executive Officer of BlueNext. -- www.nyse.com