- Trading Screen Product Name
- CCA Futures
- Trading Screen Hub Name
- CCA V20
- Contract Symbol
CAY
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 California Carbon Allowances Futures
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One tenth of one cent
($0.001) per Allowance; minimum price fluctuation may vary by trade
type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
1. Standard-cycle contract listings: Monthly contract sets for the
current year + 3 years.
2. Annual December contract sets through 2020
3. The Exchange may list any other calendar month contract sets off
the standard-cycle listing schedule through the last expiring
contract set.
- Last Trading Day
At 4:00 pm EPT on the 15th calendar day of the delivery month.
Where the 15th calendar day is not a Business Day, the Last Trading
Day shall be the first Business Day following the 15th calendar day
of the delivery month.
- Strike Price Intervals
A minimum of ten Strike Prices in increments of $0.05 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
- Option Style
European
- Exercise Procedure
Automatic
Clearing Members shall provide exercise and abandon instructions to
the Clearing Organization in accordance with the Clearing
Organization rules
Exercise Time 5:30 pm EPT on the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU