The European Energy Exchange (EEX) has registered its first trade in EUA options.
The trade was registered in the December 2016 expiry period with a volume of 250,000 EUAs.
The trade was conducted by CEZ and another counterparty on 25 November and was registered through brokerage firm Evolution Markets.
Having launched in mid-October this year, the EUA options contracts are available for the current and the next eight December expiries.
Steffen Köhler (pictured), chief operating officer of EEX, says: “The introduction of options adds further weight to EEX’s emissions offering. The new contracts will help our clients to limit risks and to enhance their hedging strategies.”
In addition to option contracts, EEX has also added four maturities in EUA futures beyond 2020, thereby, as the first exchange, extending into the fourth trading period of the EU ETS.
From January until October 2016 a volume of 207.6 million tonnes of CO2 was traded on EEX’s secondary emissions market, representing almost a 200 per cent increase on the same period in 2015 (Jan-Oct 2015: 70.8 million tonnes of CO2).