Option on Regional Greenhouse Gas Initiative Future Vintage 202271544088
ICE Futures U.S.
Option on Regional Greenhouse Gas Initiative Future Vintage 2022
Description
An Option on the corresponding month of the Regional Greenhouse Gas Initiative Future
Market Specifications
- Trading Screen Product Name
- RGGI Futures
- Trading Screen Hub Name
- RGGI V22
- Contract Symbol
- RGU Vintage 2022
- Settlement Method
- Exercise into Underlying 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; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
- 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar month it determines for the current year and forward for up to ten years.
2. The Standard Cycle is: January, February, March, April, May, June, July, August, September, October, November and December - 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
- Last Trading Day
- At 2:30 pm EST 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.
- 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
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 | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Codes
- Clearing Admin Name
- O-RGGI
- Physical
- RGU
- Logical
- RGU
- GMI (FC)
- NO
- ION A.C.N.
- Symbol Code
- RGU