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Daily European Union Allowance (EUA) Futures Contract Specs

Product Symbol CME Globex: EUL
CME ClearPort: EUL
Venue CME Globex, CME ClearPort
Hours
(All Times are New York Time/ET)
CME Globex: Sunday - Friday; Sunday, 17:00:00 CT to Friday, 17:00:00 UK Local Time (which corresponds to 11:00:00 CT time, suject to the execption noted below).

Notes: Throughout the calendar year (during both Daylight Savings Time and Standard Time), 17:00:00 UK local time equates to 11:00:00 Chicago time, except during any period in which there is a discrepancy between the transition to (or from) DST in the U.S. and BST in the UK.
CME ClearPort Sunday - Friday; Sunday, 17:00:00 CT to Friday, 17:00:00 UK Local Time (which corresponds to 11:00:00 CT time, suject to the execption noted below).

Notes: Throughout the calendar year (during both Daylight Savings Time and Standard Time), 17:00:00 UK local time equates to 11:00:00 Chicago time, except during any period in which there is a discrepancy between the transition to (or from) DST in the U.S. and BST in the UK.
Contract Unit 1,000 CO2 EU Allowances: each EU Allowance is an entitlement to emit one ton of carbon dioxide equivalent gas.
Price Quotation Euros (€) and cents (¢) per allowance
Minimum Fluctuation €0.01 per allowance (i.e. €10.00 per lot)
Listed Contracts CME Globex: 2 Dailies
CME ClearPort and Open Outcry: 2 Dailies
Termination of Trading 17:00:00 UK local time on the contract day.
Settlement Type Physical
Delivery Physical delivery occurs at the UK Emissions Trading Registry (UK Registry) two business days after the last trading day.
Position Limits NYMEX Position Limits
Rulebook Chapter 1260
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

Futures & Options Trading

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