- Trading Screen Product Name
- REC-TX Futures
- Trading Screen Hub Name
- Commodity Code
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 Texas Compliance 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: Monthly contract sets through
the current year and forward up to 5 consecutive 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 $0.05 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 $0.05 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
- Exercise Time
5:30 pm EPT on the Last Trading Day
- MIC Code
- Clearing Venues