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Stock Market & Financial Investment News

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November 27, 2012
05:51 EDTICEICE Futures Europe announces Phase III contract and reopening of Phase II EUA
IntercontinentalExchange announced that ICE Futures Europe will reopen the daily futures market for Phase II EU Allowances, or EUA, and Certified Emission Reductions, or CER, on December 10. On the same date, ICE Futures Europe will introduce a new daily futures contract for Phase III EU Allowances. The Phase II and III EUA daily futures and the CER daily futures contracts are physically deliverable and will represent a lot size of 1,000 emission allowances and 1,000 certified emission reduction units respectively. Each EUA and CER represents an entitlement to emit one tonne of carbon dioxide equivalent gas. The daily futures contracts will expire on a daily basis.
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