- Trading Screen Product Name
- Peak Futures
- Trading Screen Hub Name
- NYISO J
- Contract Symbol
JDP
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
800 MWh
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh;
minimum price fluctuation may vary by trade type. Please see Table
in Resolution 1 to this Chapter 18.
- Listing Cycle
Up to 365 consecutive daily Contract Periods, or as otherwise
determined by the Exchange, excluding Saturday, Sundays and NERC
Holidays
- Last Trading Day
At the end of the Trading Session on the last Business Day prior to
the Contract Period
- Final Settlement
Reference Price A
- REFERENCE PRICE A
ELECTRICITY-NYISO-ZONE J (N.Y.C.)-DAY AHEAD
- a) Ref Price A - Description
"ELECTRICITY-NYISO-ZONE J (N.Y.C.)-DAY AHEAD" means that the price
for a Pricing Date will be that day's Specified Price per MWh of
electricity for delivery on the Delivery Date, which Specified
Price will be the Specified Price for each hour during the Delivery
Period, stated in U.S. Dollars, published by the NYISO at
http://www.nyiso.com/public/oasis/index.html, under the headings "
Pricing Data: Day Ahead Market LBMP: Zonal: N.Y.C. 61761: LBMP
($/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 Procedure
Automatic Only
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 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