Daily Futures Market Maker Programme

ECX and ICE Futures Europe would like to invite all parties interested in becoming a Market Maker in the 
ICE ECX EUA and CER Daily Futures contracts. The Daily Futures Market Making programme will run for an initial period of 3 months.


Terms and Obligations:

Market Makers for the Daily Futures Programme will be obliged to ensure a two-sided market of bid and offer in ICE ECX EUA and CER Daily Futures. Prospective Market Makers should apply in writing to the Exchange using the attached form and setting out:

1. The bid-ask spread they would be prepared to maintain;

2. The size at which such spread would be maintained;

3. The hours of the Trading Day during which such obligations would be met and the percentage of the time during such hours;

4. Any other relevant details in support of their application. Parties interested in becoming market makers should complete the attached registration form and mail them to Jason Pegley at ICE Futures Europe (contact info below). Further details can be found in the downloadable  ICE Circular.

(i)  ICE Registration Form - EUA CER Daily Futures

(ii)  ICE Circular - Daily Futures Market Making

Commercial terms:

Screen-based trades executed by participants in the Daily Futures Programme will have all Exchange and Clearing Fees rebated. The rebate will be paid monthly within 30 days of the end of the month in which they fulfilled the market making obligations.

For more information please contact:

ECX
Sam Johnson-Hill
+44 (0) 20 7382 7814
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ICE
Jason Pegley
Head of Utility Markets
+44 (0) 20 7065 7743
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