- Trading Screen Product Name
- WCA Futures
- Trading Screen Hub Name
- WCA V24
- Contract Symbol
WCB: Vintage 2024
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 Washington 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
- 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 4:00 pm EPT 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
- Option Premium
Futures Style
- Exercise Method
Automatic
- Exercise Procedure
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
Washington CITSS Registry
- MIC Code
- IFED
- Clearing Venues
- ICEU