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Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of peak hourly electricity prices published by NYISO for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name

Peak Futures

Trading Screen Hub Name

NYISO G DA

Contract Symbol

NDX

Settlement Method

Cash settlement

Contract Size

16 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

Last Trading Day

The last Business Day of the Contract Period

Final Settlement

Average of Reference Price A Prices

REFERENCE PRICE A

ELECTRICITY-NYISO-ZONE G (HUD VL)-DAY-AHEAD

a) Ref Price A - Description

"ELECTRICITY-NYISO-ZONE G (HUD VL)-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 https://www.nyiso.com/energy-market-operational-data " Pricing Data:Real-Time LBMP: Zonal: HUD VL 61758: 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

Final Payment Date

The third Clearing Organization business day following the Last Trading Day

MIC Code

IFED

Clearing Venues

ICEU

Trading Hours

Codes