Emissions Secondary Market

"EEX has established itself as the leading auction platform for emission allowances in the EU ETS. We offer spot trading and the full forward curve as well as all related spread products on the secondary market to meet market demand."

Christian Fleischer, Key Account Manager Power & Environmental Markets

Secondary Market Enhancements

Market makers: New market makers quote both EEX’s Emissions spot & futures market
Pricing scheme:
- No fees are charged to initiators on the future market
- 50 percent discount if total monthly volume is above 5 mn t
- Only one leg charged for spot/future spreads
Trading frontend: State-of-the-art trading with the EEX TT Screen
Products: Full forward curve (incl. monthly and quarterly futures) & related spreads (e.g. spot/future spreads) available

Advantages of trading emission allowances on EEX

Access to the emissions trading scheme for EU ETS allowances (EUA, EUAA) and Kyoto credits (CER)
Fulfilment of corporate emissions trading commitments and hedging of emission allowance costs
Participation in EEX primary market auctions held on behalf of the European Commission/25 EU member states as well as for Germany and Poland

Markets & products	Unique access to emissions auctions on 4 days/week plus continuous trading on one single exchange Most liquid power market in Europe, closely tied to emissions
Participants	Strong client base in emissions markets, including utilities, industrials and financial players alike
Price quality	Best market price ensured by several market makers in both emissions Spot and Futures market
Fees	Most competitive fee structure in Europe
Market access	Multiple connectivity solutions, EEX TT Screen and all major ISVs supported (Trayport, Fidessa, FFastfill) State-of-the-art trading screen with sophisticated trading functionalities
STP	Easy straight-through processing
Margining	Cost-efficiency through cross-margining, especially valuable when trading emissions alongside power and gas EUAs accepted as collateral reduce initial margin costs
Customer Support	Strong Customer focus and personal assistance through account managers in London, Paris, Milan, Leipzig

EEX Emissions Trading at a Glance

EEX has offered trading of emission allowances since 2005. It runs a secondary market for continuous trading of EU ETS allowances (EUA, EUAA) and Kyoto credits (CER).

EEX also conducts large-scale primary auctions for emission allowances on behalf of the European Commission and 25 EU member states as well as Germany and Poland, which are held on up to five days per week. In addition, EEX was reappointed as Germany’s permanent auction platform.

EEX has established its position as a reliable auction platform and developed a competitive secondary market.