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ICE Futures U.S.

Option on California Carbon Allowance Future Vintage 2020

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Description

An Option on the corresponding month of the California Carbon Allowance Future.

Market Specifications

Trading Screen Product Name
CCA Futures
Trading Screen Hub Name
CCA V20
Contract Symbol
CAY
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
1 California Carbon Allowances Futures
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One tenth of one cent ($0.001) per Allowance; 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 for the current year + 3 years.
2. Annual December contract sets through 2020
3. 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.
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
Option Style
European
Exercise Procedure
Automatic

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
O-CCA
Physical
CAY
Logical
CAY
GMI (FC)
61
ION A.C.N.
Symbol Code
CAY