Block Trade Facility

ECX offers a Block Trade Facility which allows participants to engage in high volume trades and complex strategies in relation to ICE ECX EUA and CER Contracts.  The Block Trade Facility allows members to bilaterally negotiate ICE ECX EUA and CER Contracts without the normal requirement to first reveal the order to the market so long as the order meets or exceeds a minimum volume threshold.  Members may execute Block Trades which involve the trading of two or more different contracts or Block Trades that involve two or more different contract months and / or strike prices of the same contract.  Below are some salient features of the Block Trade Facility.

Block Trades:

• may be for single contract months, intra month spreads, inter contract spreads, volatility trades or complex strategies;
• must meet or exceed minimum volume thresholds and must comply with trade order aggregation criteria;
• be at a price considered by the parties to the contract to be a 'fair market value' price - that is a price considered to be the best available for a trade of that kind and size at that time;
• may, where entered into with or on behalf of a client who is not a member of the Exchange, only be for a client who is an intermediate customer or market counterparty as defined by the FSA Rules. Such a client  must have been notified prior to the arrangement.
• Block Trades must be reported to the Exchange within 5 minutes of the trade being completed, in order to ensure the current market price is applied.

To register your block trades in futures contracts, please submit this online form

To register your block trades in options contracts, please submit this online form 
 
Alternatively, you can register your Block Trade directly on the WebICE screen. You may direct your block-related inquiries to the following persons at ECX and ICE Futures Europe:

Sara Stahl
ECX
Director Market Development
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Tel: +44 (0)20 7382 7804 

Jason Pegley
ICE Futures
Regulation and Compliance Policy Manager / Emissions Project Manager
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Tel: +44 (0)20 7065 7743

Block Trade Guidance Note

1. Click here to download