EU Carbon (ICE Endex) Positioning
EU Carbon (ICE Endex) positioning comes from the weekly MiFID II Article 58 position report that the trading venue files and ESMA republishes in its register, which splits open interest into investment funds, investment firms and credit institutions, other financial institutions, commercial undertakings and operators with compliance obligations. It shows who holds the open interest each week and which way they lean, the EU counterpart of the CFTC's Commitments of Traders report.
What drives EU Carbon (ICE Endex) positioning
EU allowances are the permits that emitters surrender under the EU Emissions Trading System, each one an entitlement to emit a tonne of carbon dioxide equivalent. On ICE Endex the futures settle by physical delivery of allowances, so compliance buyers can secure their surrender needs well ahead of the deadline. Operators with compliance obligations and commercial undertakings sit on the hedging side of the book. Investment funds trade the policy path and the supply that the Market Stability Reserve withdraws from or releases back into the market.
How to read EU Carbon (ICE Endex) positioning
Read EU Carbon (ICE Endex) positioning against its own history: where the investment-fund net sits in its 52-week and 3-year range, and whether commercial hedgers lean the other way. Read a fund extreme next to the compliance operators' book, because emitters buying for surrender and funds trading policy headlines work to different timetables.
This page tracks the EUA future listed on ICE Endex. The sibling EU Carbon (EUA) page covers the EEX contract, and EEX also runs the primary allowance auctions, so comparing the two books shows whether a positioning shift belongs to one venue or to the whole allowance market.
COTInsight scores EU Carbon (ICE Endex) every week on the layers that do not need a price: the 52-week z-score, the 3-year COT Index, the regime classifier, momentum and streak, the open-interest trend, concentration, and the positioning cycle. There is no price series for this contract, so no divergence flag and no outcome statistics.
ESMA, MiFID II Article 58 weekly position reports, available free of charge at registers.esma.europa.eu. COTInsight regroups ESMA's position categories into its own columns and calculates its own statistics from them; ESMA does not endorse COTInsight.
EU Carbon (ICE Endex) positioning FAQ
Which report covers EU Carbon (ICE Endex)?
EU Carbon (ICE Endex) positioning comes from the weekly MiFID II Article 58 position report that the trading venue files and ESMA republishes in its register, which splits open interest into investment funds, investment firms and credit institutions, other financial institutions, commercial undertakings and operators with compliance obligations. COTInsight maps investment funds to the speculative side and commercial undertakings plus operators with compliance obligations to the hedging side.
How often is EU Carbon (ICE Endex) positioning updated?
Each venue reports positions as of the end of every week. COTInsight checks ESMA's register every week and shows the date of the latest report beside the reading.
Why are there no price statistics for EU Carbon (ICE Endex)?
COTInsight has no price series for EU Carbon (ICE Endex), so the page carries no divergence flag and no outcome statistics. The positioning layers do not need a price.
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