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Carbon

By: OTC Team, OTC Team

Carbon & Emissions Products

 
  • Kathryn Ziegler 
  • SXM Head of Marketing & Education

  • kathryn.ziegler @stonex.com 

  •  

AVAILABLE IN FUTURES & OTC

CALIFORNIA CARBON ALLOWANCE

https://www.theice.com/products/71544060/California-Carbon-Offset-Futures

CONTRACT SPECIFICATION

EXCHANGE:                              ICE

EXCHANGE SYMBOL:          CCO

MUREX SYMBOL:                  CA C02 2020_ICE
TICK SIZE:                                 One cent ($0.01) per Allowance

CONTRACT SIZE:                    1,000 California Carbon Allowances
TENOR:                                       24 months
 

CALIFORNIA LOW CARBON FUEL STANDARD CREDIT

https://www.theice.com/products/68358300/California-Low-Carbon-Fuel-Standard-Credit-OPIS-Future

CONTRACT SPECIFICATION

EXCHANGE:                          ICE

SYMBOL:                                LCFS

MUREX SYMBOL:               CA LCFS OPIS_CMA
TICK SIZE:                              Twenty-Five cent ($0.25) per LCFS Credit
CONTRACT SIZE:                100 LCFS Credits (where 1 LCFS Credit is 1 MT)

TENOR:                                  24 months

 

REGIONAL GREENHOUSE GAS INITIATIVE

https://www.theice.com/products/71544087/Regional-Greenhouse-Gas-Initiative-Vintage-2022-Future

CONTRACT SPECIFICATION

EXCHANGE:                          ICE

EXCHANGE SYMBOL:     RGGI

MUREX SYMBOL:             RGGI 20190 ICE
TICK SIZE:                            One cent ($0.01) per RGGI CO2 Allowance
1 CONTRACT $ VALUE:    1,000 RGGI CO2 Allowances

TENOR:                                  24 months

 

AVAILBABLE IN FUTURES: COMING SOON IN OTC

REGIONAL EUA FUTURES+                             

https://www.theice.com/products/71544087/Regional-Greenhouse-Gas-Initiative-Vintage-2022-Future

CONTRACT SPECIFICATION

EXCHANGE:                           ICE        

EXCHANGE SYMBOL:       RGU

MUREX SYMBOL:                TBD

TICK SIZE:                             One cent ($0.01) per RGGI CO2 Allowance

CONTRACT SIZE:                 1,000 RGGI CO2 Allowances           
TENOR:                                    24 months

 

CALIFORNIA CARBON ALLOWANCE VINTAGE 2022

https://www.theice.com/products/71085674/California-Carbon-Allowance-Vintage-2022-Future

CONTRACT SPECIFICATION

EXCHANGE:                            ICE

EXCHANGE SYMBOL:          CBO

MUREX SYMBOL:                TBD
TICK SIZE:                             One cent ($0.01) per Allowance

CONTRACT SIZE:                 1,000 California Carbon Allowances
TENOR:                                  24 months

 

CBL GLOBAL EMISSIONS OFFSET FUTURES

https://www.cmegroup.com/trading/energy/cbl-global-emissions-offset-futures.html

CONTRACT SPECIFICATION

EXCHANGE:                            CME

EXCHANGE SYMBOL:          GEO

MUREX SYMBOL:                 TBD
TICK SIZE:                                $0.01 per environmental offset

CONTRACT SIZE:                   1,000 Environmental Offsets

TENOR:                                     24 months

 

NATURE BASED GLOBAL EMSSION OFFSET FUTURES

https://www.cmegroup.com/markets/energy/emissions/cbl-nature-based-global-emissions-offset.settlements.html

CONTRACT SPECIFICATION

EXCHANGE:                             CME

EXCHANGE SYMBOL:          NGO

MUREX SYMBOL:                   TBD
TICK SIZE:                                 0.01 per environmental offset = $10.00

CONTRACT SIZE:                 1000 environmental offsets

TENOR:                                      24 months

 

 

DISCLAIMER

Trading over-the-counter and exchange-traded derivatives is not suitable for all investors and involves substantial risk.  StoneX Markets, LLC (“SXM”), a subsidiary of StoneX Group Inc., is a member of the National Futures Association and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM.  Any recipient of this material who wishes to express an interest in trading with SXM must first prequalify as an ECP, independently determine that derivatives are suitable for them and be accepted as a customer of SXM.  Trading over-the-counter (“OTC”) products or “swaps” involves substantial risk of loss.

This is not an offer to buy or sell any derivative. This material does not constitute investment research and does not take into account the particular investment objectives, financial situations, or needs of individual clients or recipients of this material.  You are directed to seek independent investment and tax advice in connection with derivatives trading.

 

 

  • OTC Trading

This material should be construed as the solicitation of an account, order, and/or services and represents the opinions and viewpoints of the individual authors or presenters. It does not constitute an individualized recommendation or take into account the particular trading objectives, financial situations, or needs of individual customers.


The views are current only through the date stated and are subject to change at any time based upon market or other conditions, and StoneX Group Inc. (“SGI”) disclaims any responsibility to update such views. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. Past performance does not guarantee future results.


The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided.


References to certain OTC products or swaps are made on behalf of StoneX Markets, LLC (SXM), a member of the National Futures Association (NFA) and provisionally registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ and who have been accepted as customers of SXM.


StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission (SEC) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. StoneX Financial (Canada) Inc. (SFCI) is registered in Canada and is a member of CIRO and CIPF. References to certain securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to certain exchange-traded futures and options are made on behalf of the FCM Division of SFI. Wealth Management is offered through SA Stone Wealth Management Inc., member FINRA/SIPC, and SA Stone Investment Advisors Inc., an SEC-registered investment advisor, both wholly owned subsidiaries of SGI.

R.J. O’Brien & Associates, LLC (RJO) is registered with the CFTC as a Futures Commission Merchant and is a member of NFA.


StoneX Financial Ltd (SFL) is registered in England and Wales, company no. 5616586. SFL is authorized and regulated by the Financial Conduct Authority (FCA) (registration number FRN:446717) to provide services to professional and eligible customers including: arrangement, execution and, where required, clearing derivative transactions in exchange traded futures and options. SFL is also authorized to engage in the arrangement and execution of transactions in certain OTC products, certain securities trading, precious metals trading and payment services to eligible customers. SFL is authorized and regulated by the FCA under the Payment Services Regulations 2017 for the provision of payment services. SFL is a category 1 ring-dealing member of the London Metal Exchange. In addition SFL also engages in other physically delivered commodities business and other general business activities which are unregulated and not required to be authorized by the FCA.


This communication is issued in the European Economic Area by StoneX Financial Europe GmbH (SFEG). StoneX is the trade name used by STONEX GROUP INC. and all its associated entities and subsidiaries. StoneX Financial Europe GmbH (“SFEG”) is a securities trading firm registered in Germany under Company No. HRB 80844.


StoneX Financial Pte Ltd (Co. Reg. No 201130598R) (“SFP”) is regulated by the Monetary Authority of Singapore and is a Capital Markets Service Licence holder (for dealing in capital market products), an Exempt Financial Adviser (for advising on investment products and issuing or promulgating analyses/ reports on investment products) and a Major Payment Institution (for domestic and cross-border money transfer services).


SFP may distribute analysis/report produced by its respective foreign affiliates within the StoneX Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations Recipients should contact SFP at (65) 6309 1000 for any matters arising from, or in connection with, this webinar.


StoneX APAC Pte. Ltd. (“SAP”) (Co. Reg. No 200616676W) is regulated as a Dealer (PS20190001002) under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism.


StoneX Financial (HK) Limited (CE No.: BCQ152) (“SHK”) is regulated by the Hong Kong Securities and Futures Commission for Dealing in Securities and Dealing in Futures Contracts.


StoneX Financial Pty Ltd (ACN 141 774 727) holds an Australian Financial Service License (AFSL: 345646) for Dealing in Securities, Exchange-Traded Derivatives Contracts, OTC Derivatives Contracts and Foreign Exchange Contracts, and is regulated by the Australian Securities and Investments Commission.


StoneX Securities Co., Ltd. (“SSJ”) (Co. Reg. No 010401047199) is regulated by the Japanese Financial Services Agency as a Type-I Financial Instruments Business Operator (Kanto Local Finance Bureau (FIBO)No.291’), is a member of the Financial Futures Association of Japan for dealing and broking FX and FX Option transactions, and is a member of the Japan Securities Dealers Association for dealing and broking stock indices and option transactions.


Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. Past performance of any futures or option is not indicative of future success. Indicators are not a trading system and are not published as a specific trade recommendation. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.


The report/analysis herein is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.


© 2026 StoneX Group Inc. All Rights Reserved.

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