- Trading Screen Product Name
- Peak Daily Futures
- Trading Screen Hub Name
- Indiana Hub DA (Daily)
- Contract Symbol
MDA
- 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.
- Last Trading Day
At the end of the Trading Session on the Last Business Day prior to
the Contract Period
- Option Style
European
- Exercise Procedure
Automatic Only
Manual exercise or abandon is not permitted
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.
Exercise Day: The third Clearing Organization business day
following the Last Trading Day
- REFERENCE PRICE A
ELECTRICITY-MISO-INDIANA HUB-DAY AHEAD
- a) Ref Price A - Description
“ELECTRICITY-MISO-INDIANA HUB 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, stated in
U.S. Dollars, published by the MISO at
https://www.misoenergy.org/markets-and-operations/market-reports ,
under the Headings “Day-Ahead Pricing”or any successor
headings, that reports Prices effective on the 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 LMPs for all hours ending 0800-2300 EPT
- d) Ref Price A - Pricing calendar
MISO
- e) Ref Price A - Delivery Date
Contract Period
- Strike Price Listing
A minimum of ten Strike Prices in increments of $0.50 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