Green Exchange LLC quadrupled the volume of emission allowances and credits it traded, boosted by a surge in the European Union. The bourse, which has operations in London and New York, handled 451.8 million metric tons, compared with 104.5 million in 2010, according to data in an e-mailed report. EU-allowance futures were 83 percent of the 2011 total, the data show. The exchange’s market share rose to an average 5.8 percent from 1.6 percent in 2010, GreenX said. The market leader is ICE (ICE) Futures Europe, which handled 5.4 billion tons of EU carbon futures last year, according to its data. GreenX volumes picked up this week after a slow start to the year, Sara Stahl, managing director of global marketing in London and a former ICE executive, said today by phone. “Yesterday, we had a strong day,” when volumes were 2.4 million tons compared with last year’s average of about 1.8 million a day, she said.
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