Emissions market data products are sourced from the trading system and the back office trade settlements systems to capture actual trades and tradable bid/offer prices into a database in real-time. 

The European emissions market can be broken out in the following ways:

Physical Contracts 

• Calendar year contracts deliver on 1st Dec of each year. The contracts are split into two phases: 
  Phase 1 2005 to 2007
  Phase 2 2008 to 2012
• March contracts are seen as 6mthly contracts and are available for each of the years stated above in phase 1 and phase 2.
• Spot contract was created which settles Today +2 business days.

Exchange Cleared 

• Same two phases with calendar contracts cleared by following exchanges:
  European Climate Exchange ECX
  European Energy Exchange EEX
  Nordpool NP
• EUA, ECX and NP are the major exchanges for clearing CO2 contracts

The GFI European Emissions desk covers all the contracts across both of the markets (approx. 60 contracts) and sees 25-35% of these contracts actively priced or traded daily.

North American Emissions Data 

GFI subsidiary Amerex offers comprehensive daily indicative price reports covering the North American emissions markets:

• Daily closing prices for SO2, NOx, RECs
• Tenors to 2015
• FASB compliant bid/ask format
• Regional Granularity
• Customer Specific Reports
• Delivery in a multitude of popular messaging formats
• Easy to manage enterprise wide subscription fee solutions