• Delisting of September 2012 Contract Months for Six Emissions Futures and Option Contracts and Contract Days through September 28, 2012 for the Daily Emissions Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • Emissions NP-2012-13
      • Notice Date
      • 11 June 2012
      • Effective Date
      • 11 June 2012
    • As previously stated in Green Exchange LLC (GreenX) Notice to Participants # 2012-11, dated May 29, 2012, the European Commission announced the full activation of the EU Emissions Trading Scheme single registry and the Union Registry transition period for the migration of accounts from national registries into a Union Registry. The Union Registry transition period is scheduled for the period beginning June 3, 2012 through June 20, 2012.

      Although, the single registry is scheduled to be activated on June 20, the single registry will not contain all the required functionalities at that time. Moreover, transactions through the registry will be subject to a 26-hour delay. That delay will not be applicable to new account types (Trading Accounts) if they are included in a list of “trusted accounts”. According to the Union Registry, a full timetable will be communicated by July 15 with final date of implementation of delivery procedures scheduled for mid-September 2012.

      Consequently, effective immediately, GreenX will delist the September 2012 contract month for its EUA, CER and ERU contracts. In addition, the Daily EUA contracts will remain delisted through contract day September 28, 2012. The contracts which will be delisted in accordance with the table below have no open interest.

      Contract Name ClearPort Code Globex Code Contract Months
      Daily European Union Allowance (EUA) Futures EUL EUL Through contract day September 28, 2012
      In Delivery Month (IDM) EUA Futures EAF 6T Contract month September 2012
      IDM Certified Emission Reduction (CER) Futures CRE 6S Contract month September 2012
      IDM EUA Options EAX 6U Contract month September 2012
      IDM CER Options CRY 6P Contract month September 2012
      Emission Reduction Unit (ERU) Futures REU REU Contract month September 2012
      ERU Options ERO ERO Contract month September 2012

      These actions do not affect trading in any other futures or options products listed on GreenX.

      For inquiries, please contact:

      Managing Director, Product Development
      Henrik Hasselknippe
      Tel:  +44 20 7464 4122
      E-mail:   henrik.hasselknippe@thegreenx.com

      Compliance Officer
      Nicholas Galati
      Tel:  +212 299 2569
      E-mail:   nicholas.galati@thegreenx.com