| European Union Allowance (EUA) Option | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: EUX CME ClearPort: AV |
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| Venue | CME Globex, CME ClearPort | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | Sunday - Friday 6:00 PM - 5:15 PM ET (5:00 PM - 4:15 PM CT) with a 45-minute break each day beginning at 5:15 PM ET (4:15 PM CT) | |||
| CME ClearPort | Sunday - Friday 6:00 PM - 5:15 PM ET (5:00 PM - 4:15 PM CT) with a 45-minute break each day beginning at 5:15 PM ET (4:15 PM CT) | ||||
| Contract Size | 1,000 Allowances | ||||
| Price Quotation | Euros (€) and cents (¢) per allowance | ||||
| Minimum Fluctuation | €0.01 per allowance (i.e. €10.00 per lot) | ||||
| Termination of Trading | Will expire at the close of trading three (3) business days prior to the termination of the underlying European Union Allowance EUA futures contract | ||||
| Listed Contracts | December 2012; December 2013 | ||||
| Settlement Type | European Union Allowance (EUA) Options Contracts will be exercised into European Union Allowance (EUA) Futures Contracts and are of European-style exercise, such that at expiry, automatic exercise will occur of options which are one or more ticks in-the-money. (At-the-money options will lapse) | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 1270 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||