Note: All information contained here is obtained by TradeSpark from sources believed to be accurate and reliable. However, because of the possibility of human and mechanical errors, as well as other factors, such information is provided "as is" without warranty of any kind and TradeSpark, in particular, makes no representation or warranty as to the accuracy, timeliness, or completeness of this information. Under no circumstance shall TradeSpark have any liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to any error (negligent or otherwise) or other circumstance involved in procuring, collecting, compiling interpreting, analyzing, editing, transcribing, transmitting, communicating, or delivering any such information, or (b) any direct, indirect, special, consequential, or incidental damageswhatsoever even if TradeSpark is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information. The data and information contained herein are, and must be construed solely as statements of opinions and not statements of fact or recommendations to purchase, sell, or hold SO2 or NOx EAs. All prices are merelyindications of interest, do not represent firm bids and offers, and their terms are subject to change without notice.  NOWARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY, OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH DATA OR INFORMATION OROTHER OPINION IS GIVEN OR MADE BY TRADESPARK IN ANY FORM OR MANNER.

For information on trading SCAQMD RTCs and/or ERCs, SJVUAPCD and BAAQMD ERCs, Illinois ATUs, ERCs, DERs, or Sewerage Facilities Charge Credits please visit www.emissionstrading.com or call 1-800-228-2955 ext. 1, 2, 4, 6, 8, or 9.   For information on trading NOx OTC Allowances, Section 126 Allowances, and SO2 Allowances call (203) 662-3638 or 800-228-2955 ext. 6 or 12.  For information regarding Greenhouse Gas Credits visit  www.CO2e.com, or call 800-228-2955 ext. 10. 

Bids *

Offers *

Trades

MPI

Price/Volume

2,500

@

$187.00

2,500

@

$190.00

Not listed

Weighted Average

$187.00

$190.00

$203.08

$193.36

Best Prices ($/Allowance)

Maximum Volume

Term

Vintage

Bid to Buy

Offer to Sell

Bid

Offered

1

year

2000

$187.00

$190.00

2,500

2,500

Allowances

1

year

2001

$186.53

2,500

Allowances

1

year

2002

$184.69

2,500

Allowances

1

year

2003

$183.33

2,500

Allowances

1

year

2004

$175.59

2,500

Allowances

Swap Rates against vintage 2001 allowances

2002

2003

2004

2005

Offer

0.25%

1.25%

2.00%

6.50%

Ratios for base years other than 2001 are available upon request

BEST BIDS TO BUY

Banked2001

2002 

2003 (Section 126)

2004 (SIP Call) 

2003-2004

2003-2007

50 tons

50 tons

50 tons

50 tons

50 tons

50 tons

50 tons

@    $350/ton

@    $550/ton

@    $750/ton

@    Not listed

@    Not listed

@    $5000

@    $3250

BEST OFFERS TO SELL

Banked2001

2002 

2003 (Section 126)

2004 (SIP Call) 

2003-2004

2003-2007

50 tons

50 tons

50 tons

50 tons

50 tons

50 tons

50 tons

$475/ton

$675/ton

$950/ton

Not listed

Not listed

$6,000

$4,250

RECENT TRADE PRICES

 (in chronological order)

$625 (01)

$600 (01)

$575 (01)x3

$575 (01)       $600 (01)

$850 (02)       $850 (02)

$600 (01)        $525(01)

$550 (01)

$550 (01)

$375 Banked

$850 (02)

$450 (01)

$500 (01)

$650 (01)

$750 (01)

$825 (01)

$865 (01)

$825 (01)

$500 Banked

MARKET PRICE INDEX

Banked 

2001

2002

2003 

2004

2003-2004

2003-2007

$420/ton  

$628/ton  

$850/ton  

Not listed

Not listed

$5,500/ton

$3,750/ton

down   $180

down   $382

down   $270

Our Hearts are Heavy  As many of you are aware, TradeSpark is a company started by Cantor Fitzgerald Brokerage, L.P. and eSpeed, each formerly headquartered at The World Trade Center in New York City.  TradeSpark, eSpeed, Cantor Fitzgerald, CO2e.com…all of us experienced a sad day on September 11, 2001.  Many of our long time colleagues and friends were lost on this day.  Listed among the missing are Carlton Bartels, Jude Moussa, Rob Noonan, Teddy Maloney, Josh Piver, Tony Gallagher, Ralph Mercurio, Ed Murphy, Adam White, and John Willett.  We know that you all enjoyed working with our colleagues, and, many of you knew them not just as your broker, but as your friend.  Their sudden departure from our lives, the lives of their families, and your lives, hurts beyond measure.  While many of our colleagues are safe, we are overwhelmed by our collective losses. 

Your well-wishes, out-pouring of sympathy, and kind words have been phenomenal.  For this, we are extremely thankful.   We are also thankful that we knew and had the opportunity to work with these fine people.  As we move forward, we will take a little bit of Carlton, Jude, Rob, Teddy, Josh, Tony, Ralph, Ed, Adam and John with us.  Perhaps, in that sense, we can incorporate the qualities of their characters in our future dealings with you.

In light of the extreme tragedy, Cantor Fitzgerald has established a fund for the victims’ families.  All money donated to the CANTOR FITZGERALD RELIEF FUND will be used to provide emergency short-term financial assistance and emotional and mental health support to those who lost loved ones in the tragedy, plus ongoing assistance for childcare, college tuition, and long-term health care in the months and years ahead.   You can make a donation by calling 800-446-0500.  Alternatively you can go to http://www.cantorusa.com/index.php for more information.  

Brian Morris Joins TradeSpark.  Brian Morris has joined TradeSpark. Brian brings over 10 years of trading and brokering experience to our home. Formerly with TFS Energy, Brian has a wealth of personality and energy brokering to offer you.  Brian looks forward to hearing from you with regard to all of your Coal, SO2 Allowance, and NOx Allowance needs.