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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.

Futures & Options Trading

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.