Asset Class Navigation

Ontario Peak Calendar-Month Futures Contract Specs

Product Symbol CME Globex: OMM
CME ClearPort: OPM
Open Outcry: OPM
Venue CME Globex, CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit The contract quantity shall be 80 megawatt hours (MWh) and is based on 5 megawatts for peak daily hours. Each futures contract shall be valued at the contract quantity multiplied by the settlement price.
Price Quotation Prices shall be quoted in Canadian dollars and cents per MWh.
Minimum Fluctuation CAD 0.05 per MWh.
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the hourly Ontario energy price as determined by the Ontario Independent Electricity System Operator (IESO) for all peak hours for the contract month.
Termination of Trading Trading shall cease on the last business day of the month preceding the contract month. At the termination of trading, positions in the Ontario Peak Calendar-Month Futures (Clearing Code OPM/CME Globex Code OMM) will cascade into a strip of Ontario Peak Calendar-Day Futures (Clearing Code OPD/CME Globex Code OPO).
Listed Contracts CME Globex: 36 consecutive months
CME ClearPort and Open Ouctry: Current year plus the next four calendar years with a new calendar year added following the termination of trading in the December contract month of the current year.
Settlement Type Financial
Final Settlement Not applicable. At the termination of trading, positions in the Ontario Peak Calendar-Month Futures (Clearing Code OPM/CME Globex Code OMM) will cascade into a strip of Ontario Peak Calendar-Day Futures (Clearing Code OPD/CME Globex Code OPO).
Days & Hours “Peak day” shall mean a Monday through Friday from Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT excluding North American Electric Reliability Corporation holidays.
Position Limits NYMEX Position Limits
Rulebook Chapter 960
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.