ICE offers margin offsets on coal and emissions contracts
ICE Futures Europe has introduced margin offsets between its Coal Futures and Emissions contracts.
Clearing Members with offsetting positions in the two contracts will now benefit from a 45% reduction on margin requirements. This will apply to all ICE Coal contracts including Rotterdam, Richards Bay and gC ICE Newcastle, and the ICE ECX EUA and CER Futures contracts.
"This is great news for power and energy traders around the world who trade coal and emissions in tandem," says Eoghan Cunningham, chief executive of globalCOAL, a company which promotes screen trading of standardised coal
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