Japanese (Tokyo Area) Power Financial Peak Futures83047716
ICE Futures Europe
Japanese (Tokyo Area) Power Financial Peak Futures
Description
A financially settled peak load monthly futures contract based upon the half-hourly prices from 08:00 JST to 20:00 JST of the day-ahead auction of the Japan Electric Power Exchange (JEPX) for the market area Tokyo Area for each day, excluding weekends and public holidays as published by JEPX, throughout the contract period.
Market Specifications
- Trading Screen Product Name
- Japanese (Tokyo Area) Power Financial Peak Futures
- Trading Screen Hub Name
- Tokyo Grid
- Contract Symbol
- JTC
- Contract Series
- Up to 156 consecutive monthly contracts, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, fiscal year and any period of consecutive monthly contracts can be registered as a strip.
- Contract Size
- 1 MW per day in the contract period (i.e. month, quarter, season, calendar or fiscal year) x 12 hours.
- Unit of Trading
- 1 MW
- Minimum Trading Size
- Futures: 1 lot = 1 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW
- Price Quotation
- The contract price is in JPY (¥) per kWh
- Minimum Price Fluctuation
- 0.01 Yen per kWh (¥ 0.01/kWh)
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Flux
- Last Trading Day
- Trading will cease at the close of business one UK Business Day prior to the last Business Day of the contract delivery period.
Quarter, season, calendar and fiscal year contracts will cease trading at the close of one UK Business Day prior to the first calendar day of the delivery quarter, season, calendar or fiscal year.
- Settlement Method
- Financially Settled
- Cash Settlement Price
- The cash settlement price of the contract is equal to the arithmetic mean of the half-hourly prices from 08:00 JST to 20:00 JST of the day-ahead auction of the Japan Electric Power Exchange (JEPX) for the market area Tokyo Area for each day, excluding weekends and public holidays as published by JEPX, throughout the contract period.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 5:00 PM* 19:50 - 17:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 10:00 PM 00:50 - 22:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 5:00 AM* 07:50 - 05:00 | 7:40 AM 07:40 |
Sunday Pre-Open at 5:40 PM ET and Open at 5:50 PM ET; Closed on Saturday.
Codes
- Clearing Admin Name
- Japan Pwr Fin
- Physical
- JTC
- Logical
- JTC
- GMI (FC)
- ION A.C.N.
- Symbol Code
- JTC