- Trading Screen Product Name
- RGGI ACP Futures
- Trading Screen Hub Name
- RGGI
- Contract Symbol
RCP
- Settlement Method
1 RCP contract exercises into an eligible Regional Greenhouse Gas
Initiative 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 RGGI
CO2 Allowance; Price may be positive or negative; minimum price
fluctuation may vary by trade type. Please see Table in Resolution
1 to this Chapter 18.
- Listing Cycle
The exchange may list contracts for trade on the standard listing
cycle of March, June, September and December out two years. The
Exchange may list any other calendar month contract sets off the
standard-cycle listing schedule.
- Last Trading Day
Trading shall cease at 10:00 a.m. (EPT) on the day on which the
Market Monitor Report for the specified auction is scheduled to be
released. In the event that no Market Monitor Report is scheduled
to be released, the Last Trading Day will be determined by the
Exchange in accordance with its Rules.
- Deliverable Instruments
All parties with open positions at expiry will establish equivalent
long or short futures positions in the eligible RGGI futures
contract on the Final Settlement Day. The eligible RGGI futures
contract is the futures contract with a vintage equal to the
current calendar year and an expiry month of the month the auction
is held. Open positions in the eligible RGGI futures contract shall
be priced at the respective Auction Clearing Price as published by
RGGI Inc. in the Market Monitor Report. In the instance that an
auction is cancelled or no Auction Clearing Price is published, an
alternative settlement shall be determined by the Exchange.
- Final Settlement
Final Settlement Day will be equal to the Last Trading Day.
- MIC Code
- IFED
- Clearing Venues
- ICEU