ICE Futures U.S.

Option on Cross State Air Pollution TR SO2 Group 1 Allowance Future

Option on Cross State Air Pollution TR SO2 Group 1 Allowance Future53169034

Description

An Option on the corresponding month of the U.S. EPA Cross State Air Pollution Rule TR Group 1 Trading Program Allowances Futures

Market Specifications

Trading Screen Product Name
CSAPR SO2 Futures
Trading Screen Hub Name
CSAPR SO2 Group 1 V16
Commodity Code
SOP Vintage 2016
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
1 Cross State Air Pollution Rule TR Group 1 Trading Program Allowances 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 18.
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 SO2 G1
Physical
SOP
Logical
SOP
GMI(FC)
R&N A.C.N.