Isra-Mart srl : ICE will not reopen for CO2 spot trade until February 1

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Isra-Mart SRL news:

(Reuters) - Emissions exchange ICE Futures Europe will not reopen for spot carbon trading until February 1, it said in a note to members on Wednesday.

"The suspension of trading in the (spot) contracts is extended until open of business on Tuesday 1 February 2011, subject to further notice," it said.

The exchange suspended spot trading last Thursday after the EU Commission stopped the transfer of spot carbon permits after several member states' registries were victim to a cyber-attack.

The Commission said last week it would halt trade until this evening.

However, late on Tuesday the Commission said it would only reactivate registries when they have met minimum security requirements and it would give the market 24 hours' notice when it did so.

Some registries will remain shut for at least a week longer.