Asset Class Navigation

MISO Indiana Hub Day-Ahead Off-Peak Calendar-Day 5 MW Futures Contract Specs

Contract Unit The contract quantity shall be 5 Megawatts Hours (MWh). Transaction sizes for trading in any contract day shall be restricted to whole number multiples of the number of off-peak hours in the contract day. The contract quantity is NOT adjusted to reflect the transition in and out of Daylight Savings Time. (On CME Globex, lot size needs to be in multiples of 10 to achieve the 50 MW clip size).
Price Quotation Prices shall be quoted in U.S. dollars and cents per MWH
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.05 per MWH
Product Code CME Globex: FAL
CME ClearPort: FAD
Clearing: FAD
Listed Contracts Current month plus the next month.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of the Midwest Independent Transmission System Operator Indiana Hub Day-Ahead LMP for off-peak hours provided by Midwest Independent Transmission System Operator, Inc. (MISO), for the contract day. For settlement of this contract, the prices provided by MISO will be considered final on the payment date stated in Rule 1076.08 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex shall cease on the business day prior to the contract day.
CME ClearPort: Trading shall cease on the business day that is the off-peak day. When the off-peak day is not a business day, trading shall cease on the previous business day.
Days Or Hours “Off-Peak Hours” shall mean the hours ending 0100 through 0700 and 2400 Eastern Standard Time (EST), Monday through Friday (except when Daylight Savings Time is in effect, in which case Off-Peak Hours means the hours ending 0100 through 0600 and 2300 through 2400 EST) and the hours ending 0100 through 2400 EST, Saturday and Sunday, including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the MISO Indiana Hub Day-Ahead Off-Peak Calendar-Day 5 MW Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1076
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing