- Trading Screen Product Name
- UKA Futures
- Trading Screen Hub Name
- UKA
- Contract Symbol
UKA
- Contract Series
Up to 2 December and 2 March contracts or as otherwise determined
and announced by ICE Futures Europe from time to time. Contracts
will not be listed beyond December 2030.
- Contract Size
1000 Allowances
- Minimum Trading Size
"Futures: 1 lot = 1,000 Allowances
Block Order: 5 lots = 5,000 Allowances "
- Unit of Trading
1 lot of 1000 UK Allowances.
- Price Quotation
The contract price is in Pound Sterling and pence per metric
tonne.
- Minimum Price Fluctuation
£0.01 per tonne (£10.00 per lots)
- Tick Value
£0.01 per tonne (£10.00 per lots)
- Strike Price Increments
A minimum of 5 strike prices in increments of £0.50 above and
below the at-the-money Strike Price. Strike Price boundaries are
adjusted according to futures price movements. ICE Futures Europe
may add one or more strike prices nearest to the last price listed
as necessary.
- Last Trading Day
Trading will cease when the intraday reference price is set three
Exchange Trading days before the expiry of the corresponding March
or December contract month of the UKA Futures Contract.
- Underlying Contract
The underlying contract is the December Future contract for the
relevant year. For example, the underlying for the Mar 2024 options
is the Dec 2024 Future.
- Option Style
European
- Option Premium
Futures Style
- Exercise Procedure
UKA Options will be exercised into UKA 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).
UKA Options are auto-only. At-The-Money and Out-of-The-Money
options will expire worthless. It is not possible to manually
abandon or exercise an option.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU