Option on NYISO Zone J Day-Ahead Peak Fixed Price Future81935230
ICE Futures U.S.
Option on NYISO Zone J Day-Ahead Peak Fixed Price Future
Description
A monthly option on the corresponding Contract Period of the NYISO Zone J Day-Ahead Peak Fixed Price Future.
Market Specifications
- Trading Screen Product Name
- Peak Futures (1MW)
- Trading Screen Hub Name
- NYISO J
- Contract Symbol
- NJY
- Settlement Method
- Exercise into Underlying Futures Contract
- Contract Size
- 1 MW
- 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 50 consecutive monthly Contract Periods, or as otherwise determined by the Exchange
- Last Trading Day
- At 2:30pm EPT on the second Business Day prior to the first calendar day of the Contract Period
- Final Settlement
- Reference Price A
- REFERENCE PRICE A
- ELECTRICITY-NYISO-ZONE J (HUD VL)-DAY AHEAD-PEAK MONTHLY-ICE
- a) Ref Price A - Description
- "ELECTRICITY-NYISO ZONE J-DAY AHEAD-PEAK MONTHLY-ICE" means that the price for a Pricing Date will be that day's Specified Price per MWh of electricity on ICE of the NYISO ZONE J Day-Ahead Peak Fixed Price Swap Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by ICE on that Pricing Date.
- b) Ref Price A - Pricing Date
- Two Business Days prior to the first calendar day of the Contract Period
- c) Ref Price A - Specified Price
- Settlement Price
- d) Ref Price A - Pricing calendar
- ICE
- e) Ref Price A - Delivery Date
- Contract Period
- Option Style
- American
- Exercise Procedure
- Manual; Automatic on Last Trading Day
Clearing Members shall provide exercise and abandon instructions to the Clearing Organization in accordance with Clearing Organization Rules..
Exercise Day: Manual on any Business Day, Automatic on Last Trading Day
Automatic Exercise Provisions: Options which are "in the money", with respect to Reference Price A, 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. - 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
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
- O-Pwr East Mini
- Physical
- NJY
- Logical
- NJY
- GMI (FC)
- NJ
- ION A.C.N.
- O935
- Symbol Code
- NJY