Option on New Jersey Solar Renewable Energy Certificate Future Vintage 201528678204


An option on the corresponding month and vintage of New Jersey Solar Renewable Energy Certificate Future.

Market Specifications

Trading Screen Product Name
SREC-NJ Futures
Trading Screen Hub Name
Commodity Code
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
1 New Jersey Solar Renewable Energy Certificate Contract
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
1. Standard-cycle contract listings: a. Monthly contract sets through the current year and forward for up to 4 years.

2. The Exchange may list any other calendar month contract set off the standard-cycle listing schedule through the last annual December contract set.
Strike Price Intervals
A minimum of ten Strike Prices in increments of $1.00 above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $1.00 increments.
Last Trading Day
At 4:00pm EPT on the 15th calendar day of the delivery month. Where the 15th calendar day is not a Business Day, the Last Trading Day shall be the first Business Day following the 15th calendar day of the delivery month
Option Style
Exercise Method
Exercise Procedure
Clearing Members shall provide exercise and abandon instructions to the Clearing Organization in accordance with the Clearing Organization rules
Exercise Time
5:30 pm EPT on the Last Trading Day
MIC Code
Clearing Venues