ICE Futures Europe

EUA Futures Options (Futures Style Margin)

EUA Futures Options (Futures Style Margin)71090500


The EUA Futures Options Contract is an option on the EUA Futures Contract. At expiry, one lot of EUA Options will exercise into one lot of EUA Futures. EUA Options are European style such that it is automatically exercised at expiry in the money.

Market Specifications

Trading Screen Product Name
EUA Futures
Trading Screen Hub Name
EUA (Futures-style)
Commodity Code
Unit of Trading
One EUA Futures Options Contract.
Minimum Trading Size
1 lot of 1,000 Carbon Emission Allowances (EUA). Each EUA being an entitlement to emit one tonne of carbon dioxide equivalent gas, as further defined in the ICE Futures Europe Regulations.
Euro(€) and Euro cent (c) per metric tonne
Strike Price Intervals
A range of one-hundred and nine strike prices are automatically listed for each contract month covering the price range from €1.00 - €100.00. The Exchange may add one or more strike prices nearest to the last price listed as necessary. Strike price increments are €0.01
Minimum Price Fluctuation
€ 0.005
Maximum Price Fluctuation
There are no limits.
Contract Series
Up to 7 December and 6 quarterly contracts or as otherwise determined and announced by the Exchange from time to time. Contracts will not be listed beyond December 2030.
Underlying Contract
The underlying contract is the December Future of the relevant year. For example, the underlying for the Mar 2021 option is the Dec 2021 Future.
Option Style
Option Premium
Futures Style
Position Limit
There are no Iimits.
Last Trading Day
Trading will cease when the intraday reference price is set, 12:50 - 13:00 LLT, three Exchange Trading days before the expiry of the corresponding March, June, September, or December contract month of the EUA Futures Contract.
The Clearing House guarantees financial performance of all ICE Futures contracts registered with it by its clearing members. All ICE Futures Member companies are either members of the Clearing House or have a clearing agreement with a Member who is a member of the Clearing House.
VAT & Taxes
UK's HM Revenue and Customs has confirmed that the trading of the EUA Options Contract on the Exchange between the Member and ICE Clear Europe Limited has been granted interim approval to be zero-rated for VAT purposes under the terms of the Terminal Markets Order.
EUA Futures Options will be exercised into 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 and out-of-the-money options will expire).
Contract Security
ICE Clear Europe Limited guarantees the financial performance of all ICE Futures Europe contracts registered in the name of its members.
Daily Margin
All open contracts are marked to market daily.
Trading System
Trading occurs on ICE Futures' electronic platform (known as the ICE platform) which is accessible via WebICE or through a conformed Independent Software Vendor.
Trading Model
Continuous trading throughout trading hours.
MIC Code
Clearing Venues

Trading Hours

New York2:00 AM - 12:00 PM
02:00 - 12:00
1:45 AM
London7:00 AM - 5:00 PM
07:00 - 17:00
6:45 AM
Singapore2:00 PM - 12:00 AM
14:00 - 00:00
1:45 PM


Clearing Admin Name
R&N A.C.N.