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Emissions products support trading of futures and options based on emissions and air quality. Three types of contracts are currently available:

  • Greenhouse Gas contracts
  • Nitrogen Oxide contracts
  • Sulfur Dioxide contracts

This topic describes functionality specific to emissions products on CME Globex.

Daily European Union Allowance Futures

Daily European Union Allowance (EUA) Futures are a daily expiration futures instrument having product-specific functionality within CME Globex.

For the Daily EUA futures contract, the listing schedule includes two (2) daily contracts available for trading at any one time: the current trade date, and the following trade date (the contract date).

On the last trade date, trading halts at 11:00 a.m. Central Time (CT) and the Exchange for Related Position (EFRP) transaction session ends at 12:00 p.m. (CT).

Info

During the week of October 31 through November 7, due to the end of British Summer Time (BST), trading halt occurs at 12:00 p.m. (CT) and the EFRP transaction session ends at 1:00 p.m. (CT).

The market data Security Definition message (tag 35-MsgType=d) supports this product as follows.

Product

Tag 6937-Asset

Tag 1151-SecurityGroup

Tag 207-SecurityExchange

Tag 872-InstAttribValue

Tag 200-MaturityMonthYear

European Union Allowance (EUA) Daily Futures

EUL

VE

GREE

17=daily product eligibility

YYYYMMDD

Tag 55-Symbol identifies daily futures instrument attributes as follows.

  • EUL=product code
  • Z=maturity month
  • 0=maturity year (i.e. 2010)
  • 10=maturity calendar date

EUA Daily vs. In Delivery Month Intercommodity Spread

The daily EUA instrument is spread against the delivery month EUA instrument to create a daily vs delivery month intercommodity spread. The spread is listed and expired according to the daily instrument.

Product

Tag 6937-Asset

Tag 1151-SecurityGroup

Tag 762-SecuritySubType

Daily European Union Allowance (EUL) vs In Delivery Month European Union Allowance (EAF) Intercommodity Spread

EUL

VE

IS