The Intercontinental Exchange (ICE) has opened submissions for three eligible liquidity providers for the UK emissions trading scheme allowance. The program will run from July 1, 2024, until June 30, 2025. Eligible applicants must have access to ICE’s UKA options market and meet the volume obligations provided upon application.
This initiative, which strives to broaden liquidity and trading activity, has grown steadily since launching in October 2022, with June 2024 seeing 2.11 million allowances traded, an increase from 1.09 million in April 2024.