UKA Daily Futures80216149
ICE Futures Europe
UKA Daily Futures
Description
The UKA Daily Futures Contract is a deliverable contract where each Clearing Member with a position open at cessation of trading is obliged to make or take delivery of UK Allowances (UKA) to or from the UK Emissions Trading Registry in accordance with the ICE Futures Europe Regulations (Regulations).
Market Specifications
- Trading Screen Product Name
- UKA Daily Futures
- Trading Screen Hub Name
- UKA Daily
- Contract Symbol
- DUK
- Contract Series
- The Contract is a Daily Contract. Only one Daily Contract is listed at any one time.
- Contract Size
- 1000 Allowances
- Unit of Trading
- 1 lot of 1000 UK Allowances.
- Minimum Trading Size
- Futures: 1 lot = 1,000 Allowances
Block Order: 10 lots = 10,000 Allowances
- Price Quotation
- The contract price is in Pound Sterling and pence per metric tonne.
- Minimum Price Fluctuation
- GBP 0.01
- Tick Value
- GBP 0.01 per tonne (i.e. £10.00 per lot).
- Last Trading Day
- Trading will cease at the close of business on the business day prior to the start of the delivery period.
- Settlement Method
- Physical Delivery
- End of Day Settlement Price
- Trade weighted average during the daily settlement period (16:05 – 16:15 UK Local Time) with Quoted Settlement Prices if low liquidity. The settlement price will become the Exchange Delivery Settlement Price (EDSP).
- Delivery Terms
- The Contracts are physically deliverable by the transfer of UK Allowances from an acceptable account of the Selling Clearing Member at the UK Emissions Trading Registry to the specified account of ICE Clear Europe at the UK Emissions Trading Registry and from the account of ICE Clear Europe at the UK Emissions Trading Registry to an acceptable account of the Buying Clearing Member at the UK Emissions Trading Registry. Delivery takes place 2 days after the last trading day.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 2:00 AM - 12:00 PM 02:00 - 12:00 | 1:45 AM 01:45 |
| LONDON | 7:00 AM - 5:00 PM 07:00 - 17:00 | 6:45 AM 06:45 |
| SINGAPORE | 3:00 PM - 1:00 AM* 15:00 - 01:00 | 2:45 PM 14:45 |
Codes
- Clearing Admin Name
- UKA Daily
- Physical
- DUK
- Logical
- DUK
- GMI (FC)
- ION A.C.N.
- Symbol Code
- DUK