Traders in China have been keenly tracking the newly launched emissions trading system with a lot of interest. This despite the fact that trading is as of now limited to select emitters, unlike the earlier pilot ETS where there were fewer barriers to entry. The ETS is being closely monitored by traders who hope to be able to participate at a later stage when trading is opened up to institutional investors. The ETS, that has been 10 Day 3 volumes, on July 20, were 162,000 mt of CO2, a slight increase from Day 2, but nowhere near the volume of 4.1 million mt CO2 seen on Day 1. "Liquidity is still not that ... (full story)