The Nasdaq OMX Group (NASDAQ:NDAQ) announced today the introduction of the Nasdaq OMX Carbon Index Series (NOCO2), a family of indexes designed both for derivatives trading and to act as a barometer for the global carbon market....
...The NASDAQ OMX Carbon Index Series consists of 12 indexes, six Benchmark and six Tradable indexes. The indexes are calculated in both Euros and US Dollars. The Tradable Indexes are calculated as Excess Return Indexes and represent the weighted performance gained through the price development of the underlying futures, including roll returns. NOCO2 Indexes will be disseminated through Targin. The Indexes commenced calculation on June 16th with a value of 500.00.
The NASDAQ OMX Carbon Index Series is currently comprised of European Union Allowances (EUA) and Certified Emission Reduction (CER) futures contracts traded at the European Climate Exchange, Nord Pool and the European Energy Exchange. However, all carbon emission futures traded at any recognized exchange, linked to an underlying carbon emission reduction program, are eligible for inclusion as soon as they reach the minimum liquidity requirements for the indexes.
From Nasdaq OMX:
NASDAQ OMX Carbon Benchmark Indexes – Benchmark Indexes
The NOCO2 Benchmark Indexes are constructed to provide reliable and transparent pricing, representing the whole price curve of the global carbon market. The indexes contain all listed expiry contracts of the qualified futures. The composition of the NOCO2 Benchmark Indexes are revised on a semi annually basis. The weights of the underlying contracts are updated on a daily basis, based on the closing open interest for the previous trading day. The objective of the NOCO2 Benchmark Indexes is to act as a price indicator for the global carbon market and should be used as a comparative index for investors and purchasing managers.
The base date for all NASDAQ OMX Carbon Indexes is June 16, 2008 with a base value of 500.Long Name Index Code/Symbol
NASDAQ OMX Carbon Excess Return Index EUR NOCO2EU
NASDAQ OMX Carbon Excess Return Index USD NOCO
NASDAQ OMX EUA Excess Return Index EUR NOCO2EUAEU
NASDAQ OMX EUA Excess Return Index USD NOCO2EUAUS
NASDAQ OMX CER Excess Return Index EUR NOCO2CEREU
NASDAQ OMX CER Excess Return Index USD NOCO2CERUS
NASDAQ OMX Carbon Benchmark Index EUR NOCO2BEU
NASDAQ OMX Carbon Benchmark Index USD NOCO2BUS
NASDAQ OMX EUA Benchmark Index EUR NOCO2EUABEU
NASDAQ OMX EUA Benchmark Index USD NOCO2EUABUS
NASDAQ OMX CER Benchmark Index EUR NOCO2CERBEU
NASDAQ OMX CER Benchmark Index USD NOCO2CERBUS