BLUENEXT PRODUCTS

OUTRIGHT SPREADS CER/EUA

OUTRIGHT SPREADS CONTRACT

The BlueNext Outright Spread contract allows members to price the difference between spot CER and EUA contracts.

Placing a ‘bid spread’ on the trading screen or via the OTC registration system will mean you wish to buy CER and sell EUA and the reverse is true for an ‘ask spread’.

The spread will be an instrument by itself for trading but, once traded, it will be “broken” into two legs (one for EUA and one for CER) that will be physically delivered.

BENEFITS

• Single trade where you can insert your own price.
• Optimised cash management as you only pay the difference between the CER and EUA contract. 

HOW IT WORKS

The animation below explains how the Outright Spread transaction physically works: