ICE Futures U.S.

Option on Cross State Air Pollution TR NOx Annual Allowance Future

Option on Cross State Air Pollution TR NOx Annual Allowance Future53169031

Description

An Option on the corresponding month of the U.S. EPA Cross State Air Pollution Rule TR NOx Annual Allowance Futures

Market Specifications

Trading Screen Product Name
CSAPR NOx Futures
Trading Screen Hub Name
CSAPR NOx Annual V16
Commodity Code
NAN Vintage 2016
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
1 Cross State Air Pollution Rule TR NOx Annual Allowance Futures
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per metric ton; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter
Listing Cycle
1. Standard-cycle contract listings: Annual December for the current year and forward three years.
2. The Exchange may list any other calendar month contract sets off the standard-cycle listing schedule through the last expiring contract set.
Last Trading Day
At 4:00 pm 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
Registry
CAMD ATS
Strike Price Intervals
A minimum of ten Strike Prices in increments of $0.25 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 $0.25 increments.
Option Style
European
Exercise Method
Automatic
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
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
CS Nox AN
Physical
NAN
Logical
NAN
GMI(FC)
R&N A.C.N.