Emissions Secondary Market

Product Overview

	EUA	EUAA	Green CER
Primary spot market	x	x
Spot market	x		x
Futures market	x	x	x
Options market	x
Spread products	x	x	x
OTC Trade registration	x	x	x

Full Forward Curve and Related Spread Matrix

Full forward curve

Spot	- Primary market - Seconday market
Monthly Futures	- Front-month - plus the next 2 months*
Quarterly Futures	- Front-quarter - plus the next 11 quarters*
Yearly Futures	Current and the next 8 Decembers
Options	Current and following 8 December maturities

_{*According to rolling cycles}

Full spread matrix

	EUA	CER	EUAA	EUA / CER	EUA / EUAA
Spot / Month	x
Spot / Quarter	x
Spot / Year	x	x	x
Inter-Months	x
Inter-Quarters	x
Inter-Years	x	x	x
Inter-Product (Spot)				x	x
Inter-Product (Jahre)				x	x

Market Data

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