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New Contracts,
New Flow, New Edge

EUA Spot & Futures purpose-built for traders and market makers

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InEx order entry and order book panels showing live EUA bids and offers
digital infrastructure

InEx’s Digital Rails Delivers Margin Efficiency

InEx runs on a next-generation digital infrastructure, working closely with our clearing partner to optimize initial margin requirements and unlock capital efficiency for every participant. By combining a traditional trading venue model with DLT settlement rails, our market participants trade at the forefront of financial technology: faster, more transparent, and future-proof.

This technology gives birth to novel contracts bridging the gap between operational efficiency and tangible superior returns.

Discover our Infrastructure
Access Options

Execution on InEx comes with Maximum Flexibility

Working with ETRM and execution layers providers for a smooth IT integration

  • WebApp Platform
  • Trading Aggregators
  • API / FIX protocols
Live Order BooksSmart RFQ
Execution
New Opportunities

Innovative Contracts Drive Novel Trading Opportunities

InEx team has gathered extensive feedback from institutional clients, large traders and funds to put together innovative contracts and tools to help you optimise your book value and generate new opportunities. From working capital management to CBAM solutions contact us to discover our suite of products.

Never sit on inventory again. Deliver value through new arbitrage opportunities.

Working Capital Optimisation
CBAM Solutions
Smart RFQ
Execution

How Execution Works

  1. Onboarding

    • Simple KYB process
    • Decide on your plan
    • Understand the platform
  2. One-click Purchase

    • Any-size order from 1 EUA
    • Low and transparent fees
    • Full audit trail and confirmations
  3. Instant Delivery

    • Same-day settlement process
    • Standardized documentation
    • Reporting for internal and regulatory use
Incentive Programs

Market Making Program

Interested in bringing liquidity on InEx?

InEx compensates market makers for the liquidity they provide. Beyond the financial incentives, participants would support market innovation and competition and will be strategically positioned to extend their activity across additional commodities as our platform grows.

InEx trading screen with order book, order entry, market chart and trade history
Got questions?

We’ve Answered the Most Common Ones Here.

We’ve made it simple. Trade instantly, schedule your procurement, and generate yield, all in one place.

Do I need to be a compliance entity to participate?

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No. Initiativ is open to both EU ETS compliance entities (including industrial installations, power generators, aviation and maritime operators) and financial participants such as banks, trading firms, asset managers, hedge funds and carbon brokers. Firms can apply for direct membership provided they meet our admission criteria and complete onboarding and KYC/KYB checks. Our onboarding team can help you understand the requirements for your regulatory status.

What products can I trade on Initiativ?

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At launch, Initiativ offers EU Allowances (EUAs) in spot, futures and options. Our infrastructure is built to add further instruments over time, including ETS2 allowances once that market opens.

What's the minimum trade size?

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Just 1 EUA, equivalent to 1 tonne of CO₂e, on our spot market. Unlike traditional exchanges where the standard lot is 1,000 EUAs, Initiativ lets you trade spot at any size. This makes carbon markets accessible to a much broader range of participants, from large industrials managing precise compliance positions to smaller operators and new entrants who previously couldn't participate efficiently. Futures and options trade in the standard lot size of 1,000 EUAs (1,000 tonnes of CO₂e).

Does Initiativ offer tools for risk management or price alerts?

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Yes. The platform includes real-time price monitoring, configurable alerts, and pre-trade risk controls. Our infrastructure is built for professional participants who need fast, reliable execution and clear visibility of their positions, with API access available for automated trading and integration into existing risk systems.

Do I have security over my assets?

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Yes. You retain full legal ownership of your assets at all times. Your cash is held by our clearing partner, as custodian, in a segregated account with a trusted banking partner. Your emission allowances are held in the EU's dedicated Union Registry, where they can only be accessed by our clearing partner on your behalf.

What are the fees to trade on Initiativ?

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Initiativ offers tiered pricing designed to be significantly more competitive than the market standard. Get in touch for a fee schedule tailored to your trading profile.

How does margin work on Initiativ?

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Initiativ's digital clearing architecture optimises initial margin in real time, so less of your capital sits locked up than on legacy venues. Contact us for full details on margin requirements.

Can I become a market maker on Initiativ?

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Yes — Initiativ runs a dedicated market making programme with commercial incentives for qualifying participants. Reach out via Contact Us to learn more about eligibility and terms.

Is Initiativ regulated?

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Initiativ is on track to be regulated by the AMF, pending finalisation of our Central Clearing Partner. Contact us for the most current information on our regulatory status.

A New Exchange Experience For All

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