Execute all your counterparty trades
in one place.

Off-​book execution for block traders

Onboard in days, not months
Seamless clearing platform
Never chase after a document
Live order book data
Market, Limit & Iceberg orders
PnL, positions & balances
Transaction monitoring & reporting

Execution flow process

Pre-agree your trade
Submit it for clearing
Confirmation & settlement

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?

No. Initiativ is open to both compliance entities (industrial operators subject to the EU ETS) and financial participants (banks, trading firms, asset managers, hedge funds, carbon brokers). Any entity that meets our onboarding and KYC/KYB requirements and qualifies as a professional client under MiFID II can apply to become a member.

What products can I trade on Initiativ?

Initiativ offers trading in EU Allowances (EUAs) in both spot and derivatives form (futures & options). Our programmable exchange infrastructure is designed to support the full range of emissions rights products traded under the EU ETS, available from launch.

What's the minimum trade size?

Just 1 EUA, equivalent to 1 tonne of CO₂. Unlike traditional exchanges where the standard lot is 1,000 EUAs, Initiativ lets you trade 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.

Does Initiativ offer tools for risk management or price alerts?

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 robust position management, with API access available for automated trading and integration into existing risk systems.

Do I have security over my assets?

Yes. We and our clearing partners act as custodian but you retain full legal ownership of your assets. Your cash is safely kept in custody with our banking partner on a segregated account and is protected and guaranteed up to 100 k€ by the Fonds de Garantie des Dépôts et de Résolution (FGDR). Your emission allowances are also safely kept in the dedicated public European register and cannot be accessed by anyone besides us and our clearing partner.

Let’s connect

Do you want more information about what we do?

For carbon brokers

One workflow for counterparty carbon trades

Initiativ is designed to help professional brokers execute EU Allowance orders with less manual work. The platform brings order entry, prices and controls into one place while brokers keep their client relationships.

What problem does the platform solve?

Carbon brokers often work across several tools to price, confirm and track a trade. Initiativ is designed to put those steps in one workflow. This can reduce repeated entry and give the team a clearer view of each order.

Which products are supported?

The planned market supports EU Allowances in spot and derivative form, including futures and options. Orders are intended to start at 1 EUA. A smaller unit helps a broker match a client order without forcing it into a standard 1,000 EUA lot.

How are orders controlled?

The platform includes price monitoring, alerts and pre-trade controls. These tools are designed to help a broker review an order before execution and keep activity within agreed limits. A shared record also makes follow-up easier.

Can a broker connect existing tools?

API access is planned for teams that need automated workflows or links to their own systems. Eligible brokers must complete KYB checks and qualify as professional clients under MiFID II before they can apply for membership.

Regulatory note: Initiativ is currently seeking licensing with the ACPR and does not offer live trading at this stage.