- Trading Screen Product Name
- CCA Futures
- Trading Screen Hub Name
- CCA V25
- Contract Symbol
CB5
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 California Carbon Allowances Futures
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One tenth of one cent
($0.001) per 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
- 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.
- 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
- Option Style
European
- Option Premium
Futures Style
- 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
- Registry
California MTS
- MIC Code
- IFED
- Clearing Venues
- ICEU