Green Exchange: Suspension Of Trading And Force Majeure Declaration
Green Exchange: Suspension Of Trading And Force Majeure Declaration With Respect To Daily European Union Allowance (EUA) Futures (Code EUL) Contract
20/01/11 - Today, the European Commission suspended transfers at all European Emissions Trading Scheme Registries until at least January 26, 2011. The suspension is due to recent security breaches at certain EU member state emissions registries. The UK Greenhouse Gas Emissions Trading Scheme Registry, which is the standard delivery facility for the Exchange’s Daily European Union Allowance (EUA) Futures (code EUL) contract, is subject to the suspension.
In light of these developments and in accordance with Exchange Rule 402.C. (“Emergency Actions”), the Exchange convened a Business Conduct Committee panel (the “Committee”) to review this matter. Pursuant to the Committee’s authority, the Exchange has determined to take the following actions immediately with respect to its Daily European Union Allowance (EUA) Futures (code EUL; Chapter 841) contract listed on CME Globex and CME ClearPort:
- Declare Force Majeure with respect to delivery for the January 19, 2011 contract day. Delivery for this contract will resume once suspension of delivery transfers at the UK Greenhouse Gas Emissions Trading Scheme Registry has been lifted.
- Delist the January 20, 2011 contract day.
- Halt listing of new contract days until such date the suspension of delivery transfers at the UK Greenhouse Gas Emissions Trading Scheme Registry has been lifted.
Thieves target Stepney Green exchange
Alistair Kleebauer
eastlondonadvertiser.co.uk (18.01.11) - Thieves hit the British Telecom Stepney Green exchange on Monday morning and stole ‘high-end’ broadband equipment which caused an internet wipe-out for homes and businesses.
Engineers for communications company Entanet realised they were having issues with their broadband connectivity at 1am and after sending three engineers to the Commercial Road site, realised that there had been a break-in.
It took them until after 4pm to restore their broadband services from the exchange, with Tower Hamlets police investigating the scene until 3.30pm.
Darren Farnden, Entanet’s marketing manager, said engineers had to make fibre repairs because some of their kit had been ripped from racks.
He wasn’t willing to say the value or exact nature of the equipment taken.
He said: “We are talking about high-end equipment, not the typical type of internet routers which you would have at home.”
The company, which runs equipment at over 20 exchanges nationwide, said a small proportion of its customers were affected by the theft with the time of day lessening the impact.
The exchange was previously targeted by thieves in 2008.
No arrests have been made and the police are investigating.
(http://www.eastlondonadvertiser.co.uk/news/thieves_target_stepney_green_exchange_1_777719]