The underlying instrument for CarbonF is the Carbon Emissions Futures contract.
This underlying Futures product is trading at the ICE. The underlying product is designed for Carbon trader to buy and sell of credits to emit a certain amount of carbon dioxide and other greenhouse gases. The unit of trading is European Union Allowance (EUA), and the price quote means how much Euro per metric ton.
Margin Requirement's may differ depending on account type and can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Trading Hours, Expiration and Reference Month
Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here. FXCM expiration dates and current reference month for CarbonF are located in the FXCM CFD Expiration PDF.
If you have an open position, the reference month you are trading will not be changed, although expiration dates may be amended. Upcoming reference months may be changed with no prior notice. Please ensure you are aware of which reference month is currently being priced, prior to opening a trade.
Clients that hold an open position on the 'FXCM Expiration' will be closed at our bid/offer at 17:00 New York time for CarbonF, which means the client will realise any floating P/L at the time it is closed. When CarbonF expires, all pending Entry orders and Stop/Limit orders that are associated with the expiring contract will be cancelled. Clients will need to re-establish another position if desired after the expiration and reinsert Stop and Limit orders to the new open position.
CarbonF has a target spread of 8 pips/points
Max Contract Size
The maximum number of contracts per click (trade) for CarbonF is 5000
Minimum Pip Cost (Value)
CarbonF has a minimum value of 0.10 EUR per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value). The pip/point location is shown in the diagram. Each 0.01 price movement on CarbonF is 1 pip/point.
Number of FXCM Contracts to Equal 1 Future
100 FXCM CarbonF contracts are currently equivalent to one Carbon Emissions Future.
CarbonF has no financing cost (Rollover).
There is no minimum stop distance.