Calyon Set For Emissions Trading

Calyon's weather and emissions desk has received bank approval to start trading emissions allowances and David Foster, head of weather and emissions in London, expects it to execute its first trades in a month.

  • 18 Mar 2005
Email a colleague
Request a PDF

Calyon's weather and emissions desk has received bank approval to start trading emissions allowances and David Foster, head of weather and emissions in London, expects it to execute its first trades in a month. Foster said the bank will trade E.U. emissions allowances with power companies, as well as the glass, steel and cement producers covered by the scheme. "Since the start of the year, the phones have been ringing off the hook with people asking about emissions trading," he said.

Allowances have been traded in limited quantities on a forward basis for some time, but the spot market has not yet taken off because several E.U. countries including the U.K. and Italy have delayed announcing their allocation of allowances. This has put some players off the emissions market and is an obstacle to the development of derivative instruments such as options (DW, 1/14). However, Benedikt von Butler, broker at Evolution Markets in London, expects the spot market to be up and running within the next one to two months.

  • 18 Mar 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 239,928.76 921 8.16%
2 JPMorgan 222,471.63 995 7.57%
3 Bank of America Merrill Lynch 215,931.77 721 7.34%
4 Barclays 184,694.55 670 6.28%
5 Goldman Sachs 158,679.40 515 5.40%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 32,522.19 61 6.59%
2 BNP Paribas 32,284.10 130 6.54%
3 UniCredit 26,992.47 123 5.47%
4 SG Corporate & Investment Banking 26,569.73 97 5.38%
5 Credit Agricole CIB 23,807.36 111 4.82%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.82%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%