- Trading Screen Product Name
- Peak Futures
- Trading Screen Hub Name
- NYISO A (Daily)
- Contract Symbol
ADP
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
800 MWh
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh;
minimum price fluctuation may vary by trade type. Please see Table
in Resolution 1 to this Chapter 18.
- Listing Cycle
Up to 365 consecutive daily Contract Periods, or as otherwise
determined by the Exchange, excluding Saturdays, Sundays and NERC
Holidays
- Last Trading Day
At the end of the Trading Session on the last Business Day prior to
the Contract Period
- Final Settlement
Reference Price A
- REFERENCE PRICE A
ELECTRICITY-NYISO-ZONE A (WEST)-DAY AHEAD
- a) Ref Price A - Description
“ELECTRICITY-NYISO-ZONE A (WEST)-DAY AHEAD” means that
the price for a Pricing Date will be that day’s Specified
Price per MWh of electricity for delivery on the Delivery Date,
which Specified Price will be the Specified Price for each hour
during the Delivery Period, stated in U.S. Dollars, published by
the NYISO at http://www.nyiso.com/oasis/index.html, under the
headings “Pricing Data: Day Ahead Market LBMP: Zonal: WEST
61752: LBMP ($/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
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
- 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