Regional Greenhouse Gas Initiative Allowance Auction Clearing Price71090479
ICE Futures U.S.
Regional Greenhouse Gas Initiative Allowance Auction Clearing Price
Description
The Regional Greenhouse Gas Initiative (RGGI) Allowance Auction Clearing Price contract is a cleared market for RGGI futures contracts at a premium or discount to the Clearing Price as published in the RGGI Inc. Market Monitor Report of the respective RGGI Auction.
Market Specifications
- Trading Screen Product Name
- RGGI ACP Futures
- Trading Screen Hub Name
- RGGI
- Contract Symbol
- RCP
- Settlement Method
- 1 RCP contract exercises into an eligible Regional Greenhouse Gas Initiative futures contract
- Contract Size
- 1 Regional Greenhouse Gas Initiative futures contract
- Currency
- USD
- Minimum Price Fluctuation
- The price quotation convention shall be One cent ($0.01) per RGGI CO2 Allowance; Price may be positive or negative; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
- The exchange may list contracts for trade on the standard listing cycle of March, June, September and December out two years. The Exchange may list any other calendar month contract sets off the standard-cycle listing schedule.
- Last Trading Day
- Trading shall cease at 10:00 a.m. (EPT) on the day on which the Market Monitor Report for the specified auction is scheduled to be released. In the event that no Market Monitor Report is scheduled to be released, the Last Trading Day will be determined by the Exchange in accordance with its Rules.
- Deliverable Instruments
- All parties with open positions at expiry will establish equivalent long or short futures positions in the eligible RGGI futures contract on the Final Settlement Day. The eligible RGGI futures contract is the futures contract with a vintage equal to the current calendar year and an expiry month of the month the auction is held. Open positions in the eligible RGGI futures contract shall be priced at the respective Auction Clearing Price as published by RGGI Inc. in the Market Monitor Report. In the instance that an auction is cancelled or no Auction Clearing Price is published, an alternative settlement shall be determined by the Exchange.
- Final Settlement
- Final Settlement Day will be equal to the Last Trading Day.
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- RGGI
- Physical
- RCP
- Logical
- RCP
- GMI (FC)
- L#
- ION A.C.N.
- Symbol Code
- RCP