ICE Futures U.S.

Option on Regional Greenhouse Gas Initiative Future Vintage 2017

Option on Regional Greenhouse Gas Initiative Future Vintage 201753169045

Description

An Option on the corresponding month of the Regional Greenhouse Gas Initiative Future.

Market Specifications

Trading Screen Product Name
RGGI Futures
Trading Screen Hub Name
RGGI V17
Commodity Code
RGP Vintage 2017
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
1 Regional Greenhouse Gas Initiative Futures Contract
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: a. Monthly contract set for the current and coming calendar year; b. December contract sets for up to forward 5 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.
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 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
RGGI
Physical
RGP
Logical
RGP
GMI(FC)
R&N A.C.N.