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Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Options Contract Specs

Options
Underlying Futures Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Futures (RJ)
Product Symbol CME Globex: RGX
CME ClearPort: OR
Venue CME Globex, CME ClearPort
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)
Contract Size 1,000 Allowances
Price Quotation US Dollars ($) and cents (¢) per allowance.
Minimum Fluctuation $0.01 per allowance (i.e. $10.00 per lot)
Termination of Trading Will expire at the close of trading on the fifteenth (15th) day of the contract month. If the 15th day is not a Business day, the RGGI Options Contracts shall expire on the Business day prior to the 15th.
Listed Contracts Monthly contracts listed through 2012; December 2013; December 2014
Settlement Type RGGI Options Contracts will be exercised into RGGIFutures Contracts and are of European-style exercise, such that at expiry, automatic exercise will occur of options which are one or more ticks in-the-money. (At-the-money options will lapse)
Position Limits NYMEX Position Limits
Rulebook Chapter 1264
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.