Market Regulation

Position Limits

Expiration Month Position Limits are effective on the last three trading days of the futures contract and throughout the permitted Exchange for Related Positions (EFRP)posting period¹.

The position limits and position accountability levels for all GreenX products, pursuant to Green Exchange Rules 532 and 535 respectively, are contained in the "Position Limit, Position Accountability and Reportable Level Table" (Rule 535) and can be found on page 38 of the GX Rulebook.

European Union Emissions Trading Scheme (EU ETS)   Code Expiration Month
Position Limits
In Delivery Month European Union Allowance (EUA) Futures   6T 28,000
In Delivery Month European Union Allowance (EUA) Serial Option   9G 28,000
In Delivery Month European Union Allowance (EUA) Option   6U 28,000
European Union Aviation Allowance (EUAA) Futures   FLY 3,000
Daily European Union Allowance (EUA) Futures   EUL 1,800
European Union Allowance (EUA) Futures   RC 28,000
European Union Allowance (EUA) Option   AV 28,000
Clean Development Mechanism (CDM)
In Delivery Month European Certified Emission Reduction (CER) Futures   6S 8,700
In Delivery Month European Certified Emission Reduction (CER) Option   6P 8,700
In Delivery Month European Certified Emission Reduction (CER) Serial Option   9E 8,700
Certified Emission Reduction Plus (CERplusSM)   CPL 6,000
Certified Emission Reduction (CER) Futures   VA 8,700
Certified Emission Reduction (CER) Option   VG 8,700
Joint Implementation Mechanism (JI)
Emission Reduction Unit (ERU) Futures   REU 4,000
Emission Reduction Unit (ERU) Options   ERO 4,000
California Emissions Trading Scheme (Cal ETS)
California Carbon Allowance (CCA) Futures   CCA 2,200
California Carbon Allowance (CCA) Options   CAO 2,200
Cross-State Air Pollution Rule (CSAPR)
CSAPR TR NOx Annual Vintage 2012 Allowance Futures   NXA 3,800
CSAPR TR NOx Ozone Season Vintage 2012 Allowance Futures   NXS 3,600
CSAPR TR SO2 Group 1 Vintage 2012 Allowance Futures   SG1 1,500
CSAPR TR SO2 Group 2 Vintage 2012 Allowance Futures   SG2 550
Regional Greenhouse Gas Initiative (RGGI)
Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Futures   RJ 2,000
Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Option   OR 2,000
Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Futures Vintage   98 2,000
Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Futures Vintage   76 1,000
Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Futures Vintage   86 1,000
Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Futures Vintage   96 1,000
Climate Action Reserve (CAR)
Climate Action Reserve (CAR) Futures   CR 100
Climate Action Reserve (CAR) Option   CO 100
Climate Action Reserve (CAR) Futures - Vintage 2009   92 100
Climate Action Reserve (CAR) Futures - Vintage 2010   93 100
Climate Action Reserve (CAR) Futures - Vintage 2011   94 100
Climate Action Reserve (CAR) Futures - Vintage 2012   95 100

¹ EFRP posting period on the last trading day may vary with each contract. Refer to specific contract rule for times.

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