Italian Power Financial Peak Futures57609951
ICE Endex
Italian Power Financial Peak Futures
Description
A financially settled monthly futures contract based upon the PUN
Index GME® of each 15-minute Market Time Unit
(“MTU”) between 08:00 (CET) and 20:00 (CET) for the
purchase of electricity in Italy, as published by Gestore dei
Mercati Energetici (“GME”), for each day, excluding
weekend days and regardless of public holidays, throughout the
contract delivery period.
Market Specifications
- Trading Screen Product Name
- Italian Power Financial Peak Futures
- Trading Screen Hub Name
- Italian Grid
- Contract Symbol
- IPP
- Contract Series
- Up to 156 consecutive monthly contracts, or as otherwise determined by ICE Endex.
Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be
registered as a strip
- Contract Size
- 1 MW per weekday in the contract period (i.e. month, quarter or year) x 12 hours.
- Unit of Trading
- 1 MW
- Minimum Trading Size
- Futures: 1 lots = 1 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW
- Price Quotation
- The contract price is in Euros and Euro cents per MWh.
- Minimum Price Fluctuation
- 1 Euro Cent per MWh (€0.01/MWh)
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Flux
- Last Trading Day
- Trading will cease at the close of business one Business Day prior to the last calendar day of the contract delivery period. Quarter, season and calendar contracts will cease trading at the close of business one Business Days prior to the first calendar day of the quarter, season or calendar year.
- Settlement Method
- Financially Settled
- Cash Settlement Price
- The cash settlement price of the contract is equal to the arithmetic mean of the PUN Index GME® of each 15-minute Market Time Unit (“MTU”) between 08:00 (CET) and 20:00 (CET) for the purchase of electricity in Italy, as published by Gestore dei Mercati Energetici (“GME”), for each day, excluding weekend days and regardless of public holidays, throughout the contract period.
- Exchange Rulebook
- MIC Code
- NDEX
- Clearing Venues
- ICEU
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 2:00 AM - 12:00 PM 02:00 - 12:00 | 1:45 AM 01:45 |
| LONDON | 7:00 AM - 5:00 PM 07:00 - 17:00 | 6:45 AM 06:45 |
| SINGAPORE | 2:00 PM - 12:00 AM* 14:00 - 00:00 | 1:45 PM 13:45 |
Codes
- Clearing Admin Name
- Italian Pwr Fin
- Physical
- IPP
- Logical
- IPP
- GMI (FC)
- IP
- ION A.C.N.
- Symbol Code
- IPP