What is EUA commodity?
European emissions allowances (EUAs) are the carbon allowances used in the European Union Emission Trading Scheme (EU ETS). The UK government supplements the European price through the Carbon Price Floor.
Where are EUA traded?
The majority of EUA carbon trading takes place on exchanges, with the Intercontinental Exchange (ICE), by far the most liquid for EUA carbon trading. There are also contracts listed on the Chicago Mercantile Exchange (CME) and NASDAQ*.
What is daily future?
Day trading is the strategy of buying and selling a futures contract within the same day without holding open long or short positions overnight. Day trades vary in duration. They can last for a couple of minutes or for most of a trading session.
Where can I buy EUA futures?
Nasdaq Commodities offers a transparent and regulated marketplace for EUA Futures. As a member, you can place your orders through the Genium INET Workstation, our user-friendly and reliable trading system.
What are EUA prices?
EUA Futures
| Contract | Last | % Change |
|---|---|---|
| Mar22 | 61.380 | -0.325 |
| Dec22 | 61.010 | -1.262 |
| Dec23 | 61.790 | -1.152 |
| Dec24 | 62.900 | -0.695 |
How does the EUA market work?
The EU ETS follows a “cap-and-trade” approach: the EU sets a cap on how much greenhouse gas pollution can be emitted each year, and companies need to hold European Emission Allowance (EUA) for every tonne of CO2 they emit within one calendar year. They receive or buy these permits – and they can trade them.
What is a EUA future?
European Union Allowance (EUA) An EUA Futures contract for the purposes of trading and delivering EUAs within the meaning of Chapter III of the Directive in accordance with the Rules. One lot of 1000 EUAs. Each EUA being an entitlement to emit one tonne of carbon dioxide equivalent gas.
How many EUAs are in an ICE Futures contract?
Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract. An EUA Futures contract for the purposes of trading and delivering EUAs within the meaning of Chapter III of the Directive in accordance with the Rules. One lot of 1000 EUAs.
How is a contract settled on ICE Clear Europe?
The contracts are physically settled and delivered by the transfer of the EUAs from the seller’s account to the buyer’s account at the Union Registry. All transfers always pass through your clearing member’s account and ICE Clear Europe. Delivery takes place 3 days after the last trading day.
What makes an EUA a deliverable contract on Ice?
The Contract is a deliverable contract where each Clearing Member with a position open at cessation of trading for a contract month is obliged to make or take delivery of EUAs to or from a Trading Account within the EUA Delivery Period and in accordance with the Rules.
How is margin calculated in ICE Clear Europe?
Timings are CET. Calculated on all open contracts, Initial Margin, as defined in the ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest.