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MISO Indiana Hub Real-Time Peak Calendar-Day 5 MW Futures Contract Specs

Contract Unit 5 MW x 16 peak hours = 80 MWh
Price Quotation U.S. dollars and cents per MWH
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.05 x 5 MW x 16 peak hours = $4.00
Product Code CME Globex: PTL
CME ClearPort: PTD
Clearing: PTD
Listed Contracts Daily contracts listed for the current month and next calendar month. List daily contracts for a new calendar month following the termination of trading in the last contract day of the current 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 Real-Time LMP for 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 1075.09 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex terminates at 23:59 local time of the independent system operator/regional transmission organization on the calendar day that is the contract day. If that time is not within CME Globex regular trading hours, trading on CME Globex terminates at 16:00 CT on the nearest business day on or before the contract day.
CME ClearPort: Trading terminates on the business day following the peak day when the following day is a business day. When the day following the peak day is not a business day, trading terminates on the last business day prior to the day which is not a business day.
Days Or Hours "Days & Hours" shall mean a Monday through Friday Hour Ending 0800-2300 Eastern Prevailing Time (EPT), excluding North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the MISO Indiana Hub Real-Time 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 1075
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