ICE MISO Indiana Hub Real-Time Peak Fixed Price

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

MISO Indiana Hub Real-Time Peak Fixed Price Future
Trading Screen Product Name Peak Futures (50 MW)
Trading Screen Hub Name Indiana Hub RT
Contract Symbol CIN
Settlement Method Cash settlement
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 108 consecutive monthly Contract Periods
Last Trading Day The last Business Day of the Contract Period
Final Settlement Average of Reference Price A Prices
REFERENCE PRICE A ELECTRICITY-MISO-INDIANA HUB-REAL TIME
a) Ref Price A - Description "ELECTRICITY-MISO-INDIANA HUB-REAL TIME" 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, stated in U.S. Dollars, published by the MISO at https://www.midwestiso.org/Library/MarketReports/Pages/MarketReports.aspx, under the headings "Library: Market Reports" or any successor headings, that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date Each Monday through Friday, excluding NERC holidays, that prices are reported for the Delivery Date
c) Ref Price A - Specified Price Average of LMPs for all hours ending 0800-2300 EPT
d) Ref Price A - Pricing calendar MISO
e) Ref Price A - Delivery Date Contract Period
Final Payment Date The sixth Clearing Organization business day following the Last Trading Day
MIC Code IFED
Clearing Venues ICEU
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 8:50 AM - 7:00 AM*

08:50 - 07:00

8:40 AM

08:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes Clearing Admin Name Pwr East Mini
Physical CIN
Logical CIN
GMI (FC) CN
ION A.C.N. 0938
Option on MISO Indiana Hub Real-Time Peak Fixed Price Options
Trading Screen Product Name Peak Futures (50 MW)
Trading Screen Hub Name Indiana Hub RT
Contract Symbol CIN
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
Last Trading Day At 2:30pm EPT on the second Business Day prior to the first calendar day of the Contract Period
Option Style American
Exercise Manual; Automatic on Last Trading Day

Clearing Members shall provide exercise and abandon instructions to the Clearing Organization in accordance with Clearing Organization Rules.

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.

Exercise Day is manual on any Business Day, Automatic on Last Trading Day

REFERENCE PRICE A ELECTRICITY-MISO-INDIANA HUB-REAL TIME-PEAK MONTHLY-ICE
a) Ref Price A - Description "ELECTRICITY-MISO-INDIANA HUB-REAL TIME-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 MISO Indiana Hub Real-Time 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
Strike Price Listing Provisions 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
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 8:50 AM - 7:00 AM*

08:50 - 07:00

8:40 AM

08:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes Clearing Admin Name Pwr East Mini
Physical CIN
Logical CIN
GMI (FC) CN
ION A.C.N. 0938

Notes[edit]

References[edit]

Resources[edit]

ICE MISO Indiana Hub Real-Time Peak Fixed Price Product Spec

ICE Option on MISO Indiana Hub Real-Time Peak Fixed Price Product Spec