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Daily European Union Allowance (EUA) Futures Contract Specs

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
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Minimum Price Fluctuation €0.0025 per EUA (i.e. €2.50 per lot of 1,000 EUAs)
Product Code CME Globex: EUL
CME ClearPort: EUL
Clearing: EUL
Listed Contracts CME Globex: 2 Dailies
CME ClearPort and Open Outcry: 2 Dailies
DEFAULT 2 Dailies
Settlement Method Deliverable
Termination Of Trading 17:00:00 UK local time on the contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1260
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Delivery Procedure Physical delivery occurs at the UK Emissions Trading Registry (UK Registry) two business days after the last trading day.