Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Futures Contract Specs
| Contract Unit | 1,000 RGGI allowances; each RGGI allowance is an entitlement to emit one ton of carbon dioxide equivalent gas. | ||||
| Price Quotation | U.S. dollars and cents per allowance | ||||
| 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 | 0.01 per allowance = $10.00 | ||||
| Product Code | CME Globex: RGICME ClearPort: RJClearing: RJ | ||||
| Listed Contracts | Monthly contracts listed for 18 consecutive months and a total of 4 December contract months | ||||
| Settlement Method | Deliverable | ||||
| Termination Of Trading | Trading terminates on the last business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1263 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Delivery Procedure | Physical delivery occurs through the RGGI CO2 Allowance Tracking System (RGGI-COATS) three business days after the final day of trading. | ||||
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