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PJM Daily Load Forecast Futures Contract Specs

Contract Unit $0.10 per Index Point
Price Quotation U.S. Dollars and Cents per Index Point
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 1
Product Code CME Globex: PDJ
CME ClearPort: PDJ
Clearing: PDJ
Listed Contracts On the first listed contract day, the listing cycle will be the current calendar day plus the subsequent six calendar days (seven consecutive calendar days in total) . After the first listed contract day, the listing cycle will be the previous calendar day as well as the current calendar day plus the subsequent six calendar days (eight consecutive calendar days in total).
Settlement Method Financially Settled
Floating Price The maximum hourly load in the entire PJM system during the specified contract day.
Termination Of Trading CME Globex: Trading on CME Globex will terminate 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 shall cease at the normal termination time (i.e., 16:15 CT) on the nearest business day on or before the contract day.
CME ClearPort: Trading shall cease on the business day following the PJM operating day (calendar day).
Settlement Procedures Cash Settlement
Position Limits NYMEX Position Limits
Exchange Rulebook 181
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing