- Trading Screen Product Name
- Peak Futures (1MW)
- Trading Screen Hub Name
- NYISO J
- Contract Symbol
NJY
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 MW
- 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 50 consecutive monthly Contract Periods, or as otherwise
determined by the Exchange
- Last Trading Day
At 2:30pm EPT on the second Business Day prior to the first
calendar day of the Contract Period
- Final Settlement
Reference Price A
- REFERENCE PRICE A
ELECTRICITY-NYISO-ZONE J (HUD VL)-DAY AHEAD-PEAK MONTHLY-ICE
- a) Ref Price A - Description
"ELECTRICITY-NYISO ZONE J-DAY AHEAD-PEAK MONTHLY-ICE" means that
the price for a Pricing Date will be that day's Specified Price per
MWh of electricity on ICE of the NYISO ZONE J Day-Ahead Peak Fixed
Price Swap Futures Contract for the Delivery Date, stated in U.S.
Dollars, as made public by ICE on that Pricing Date.
- b) Ref Price A - Pricing Date
Two Business Days prior to the first calendar day of the Contract
Period
- c) Ref Price A - Specified Price
Settlement Price
- d) Ref Price A - Pricing calendar
ICE
- e) Ref Price A - Delivery Date
Contract Period
- Option Style
American
- Exercise Procedure
Manual; Automatic on Last Trading Day
Clearing Members shall provide exercise and abandon instructions to
the Clearing Organization in accordance with Clearing Organization
Rules..
Exercise Day: Manual on any Business Day, Automatic on Last
Trading Day
Automatic Exercise Provisions: Options which are "in the money",
with respect to Reference Price A, 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
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