ICE Futures U.S.

Option on NYISO Zone G Day-Ahead Peak Daily Fixed Price Future

Option on NYISO Zone G Day-Ahead Peak Daily Fixed Price Future62666441

Description

A daily Option on the corresponding Contract Period of the NYISO Zone G Day-Ahead Peak Daily Fixed Price Future.

Market Specifications

Trading Screen Product Name
Peak Futures
Trading Screen Hub Name
NYISO G (Daily)
Commodity Code
GDP
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
800 MWh
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
Up to 365 consecutive daily Contract Periods, or as otherwise determined by the Exchange, excluding Saturday, Sundays and NERC Holidays
Last Trading Day
At the end of the Trading Session on the last Business Day prior to the Contract Period
REFERENCE PRICE A
ELECTRICITY-NYISO-ZONE G (HUD VL)-DAY AHEAD
a) Ref Price A - Description
ELECTRICITY-NYISO-ZONE G (HUD VL)-DAY AHEAD” means that the price for a Pricing Date will be that day’s Specified Price per MWh of electricity for delivery on the Delivery Date, which Specified Price will be the Specified Price for each hour during the Delivery Period, stated in U.S. Dollars, published by the NYISO at http://www.nyiso.com/oasis/index.html, under the headings “ Pricing Data: Day Ahead Market LBMP: Zonal: HUD VL 61758: LBMP ($/MWhr)” or any successor headings, that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of LBMPs for all hours ending 0800-2300 EPT
d) Ref Price A - Pricing calendar
NYISO
e) Ref Price A - Delivery Date
Contract Period
Option Style
European
Exercise Method
Automatic Only
Exercise Procedure
Manual exercise or Abandon is not Permitted
Exercise Day
The third Clearing Organization business day following the Last Trading Day
Automatic Exercise Provisions
Options which are “in the money”, with respect to the average of the Reference Price A prices, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are “out of the money” expire automatically.
Strike Price Listing Provisions
A minimum of ten Strike Prices in increments of $1.00 per MWh 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.
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
Pwr East Daily
Physical
GDP
Logical
GDP
GMI(FC)
PZ
R&N A.C.N.
NO09