European Energy Exchange (EEX) will implement an earlier expiry for EEX EUA Options (OEUA) on the Last Trading Day with effect from the June 2020 expiry on Wednesday 24 June 2020.
The exercise time for EEX EUA Options will shift on the last trading day (expiry day) from 6:00 pm to 3:00 pm CE(S)T. Subject to the approval of the Exchange Council, the reference price for the exercise of the EEX EUA Options will be the intraday fixing price determined during the intraday fixing price window from 1:50 pm CE(S)T to 2:00 pm CE(S)T. All EEX EUA Options that are in-the-money in relation to the intraday fixing price will be automatically exercised at 3:00 pm CE(S)T.
For the avoidance of doubt, the Last Trading Day and the automatic exercise methodology itself remain unchanged. Trading of EEX EUA Options via orderbook and trade registration on the Last Trading Day will be possible until 2:00 pm CE(S)T. On all other trading days, trading remains available via orderbook until 6:00 pm CE(S)T and via trade registration until 6:45 pm CE(S)T.
Please do not hesitate to contact EEX Market Supervision by phone +49 341 2156 222 if you have any further questions.