On the derivatives market, EEX offers exchange trading and Trade Registration of financially settled coal futures for different delivery points. The product range comprises cash-settled futures products based on API 2 Amsterdam-Rotterdam-Antwerp and API 4 Richards Bay.

At a glance

Contract

Maturities

Lot size

Quotation

Index Futures on API 2*,
API 4*

up to 84 consecutive months

1,000 metric tons per month

USD per ton with 2 decimal places

Options at a glance

Contract

Maturities

Strike price increments

Quotation

Options on API 2*, API 4*

current and next 3 delivery months,

respective next 6 delivery quarters,

respective next 3 delivery years

USD 0.50

USD per ton with 2 decimal places

Advantages of trading on EEX

  • Order book trading and Trade Registration available
  • Products are classified as Futures even though they are traded via the broker.
  • Coal futures registered via EEX are the only EMIR compliant coal futures currently available with access to a broker liquidity pool.
  • Fast and reliable Straight-Through Processing (STP) for Trade Registration via EFETnet eXRP and Trayport Complete Clear®
  • Cross-margin benefits with positions in power, emission allowances and dry bulk freight as well as other positions held at ECC
  • Recognised as a FBOT by the CFTC to qualify for the 60/40 tax exemption.
  • The counterparty risk is assumed by ECC which results in a significant reduction of credit default risk.
  • Access to EEX Coal Futures is included in EEX standard membership

* “API 2”, “API 4”, “ARGUS” and “IHS” are trade marks and are used under licence from Argus Media Limited and IHS Global Limited.  All copyrights, database rights and other rights in the “API 2” and “API 4” indexes belong exclusively to Argus Media Limited and IHS Global Limited and are used under licence. Argus and IHS give no warranties or representations as to the accuracy, adequacy, timeliness, fitness for purpose or completeness of the API indexes and shall not be liable for any loss or damage arising from any party’s use or reliance on the same. Argus and IHS take no position on the purchase or sale of products listed, traded or cleared on EEX (or any of its affiliates) including API 2 CIF ARA (Argus-IHS) Coal and API 4 FOB Richards Bay (Argus-IHS) Coal. EEX is solely responsible for the operation of these products/markets and Argus and IHS exclude all liability in relation to such products and in relation to any use of the API indexes.

** IHS Indonesian Sub-bituminous FOB marker (“Index”) is a trade mark and is used under licence from IHS Global Limited. All copyrights and database rights in the Index belongs exclusively to IHS Global Limited and are used herein under licence. EEX is solely responsible for the operation of markets in Indonesian Sub-bituminous Coal Futures (“Product(s)”). IHS takes no position on the purchase or sale of such Products and excludes all liability in relation thereto. The Products are not in any way sponsored, endorsed, sold or promoted by IHS and IHS has no obligation or liability in connection with the administration, marketing or trading of the Products. IHS makes no warranties or representations, whether express or implied, including as to the results to be obtained from the use of the Index and excludes all liability relating to use of the Index to the fullest extent permitted at law.