GreenX today announced, pending all relevant CFTC regulatory review periods, its intention to list futures contracts on European Union Aviation Allowances (EUAAs) for trade date April 2, 2012. The contract will serve as a compliance and risk management tool for the aviation sector, included in the EU Emissions Trading Scheme from 2012.
“The aviation sector is a new and exciting addition to the European carbon market and the GreenX EUAA Futures contract will be a nice complement to our existing suite of EUA and CER products,” commented Henrik Hasselknippe, Managing Director of Product Development at GreenX.
The contract has been developed in close consultation with market participants and will contain the following key specifications:
• Contract size will be 1,000 European Union Aviation Allowances
• Contracts will be listed on a rolling quarterly expiration cycle in addition to annual December contracts listed through 2020
• Inter-commodity spread trading will be available between EUAA Futures and IDM EUA Futures
All GreenX products are listed for trading on CME Globex and cleared through CME Clearing, including submissions for clearing via CME ClearPort. GreenX, saw its volumes increase 332% from 2010 to 2011, while trading in 2012 is up over 10% year to date.
