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ICE Endex

Austrian Power Financial Base Futures

Description

A financially settled base load monthly futures contract based upon the hourly prices of each hour between 00:00 (CET) and 24:00 (CET) of the Austrian Day-Ahead auction comprising the control area operated by Austrian Power Grid, for each day throughout the contract delivery period. 

Market Specifications

Trading Screen Product Name
Austrian Power Financial Base Futures
Trading Screen Hub Name
Austrian Grid
Contract Symbol
AOT
Contract Series
Up to 156 consecutive monthly contracts, or as otherwise determined by ICE Endex. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip 
Contract Size
1 MW per day in the contract period (i.e. month, quarter or year) x 23, 24 or 25 hours (summer or winter time). 
Unit of Trading
1 MW
Price Quotation
The contract price is in Euros and Euro cents per MWh. 
Minimum Trading Size
Futures: 1 lots = 1 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW
Minimum Price Fluctuation
1 Euro Cent per MWh (€0.01/MWh)
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
Last Trading Day
"Trading will cease at the close of business one Business Day prior to the last calendar day of the contract delivery period.
Quarter, season and calendar contracts will cease trading at the close of business one Business Days prior to the first calendar day of the quarter,
season or calendar year. "
Settlement Method
Financial Settled 
Exchange Delivery Settlement Price
The cash settlement price of the contract is equal to the arithmetic mean of the hourly price the of each hour between 00:00 (CET) and 24:00 (CET) of the Austrian Day-Ahead auction, for each day throughout the contract period. 
MIC Code
NDEX
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York2:00 AM - 12:00 PM
02:00 - 12:00
1:45 AM
01:45
London7:00 AM - 5:00 PM
07:00 - 17:00
6:45 AM
06:45
Singapore2:00 PM - 12:00 AM
14:00 - 00:00
1:45 PM
13:45

Codes

Clearing Admin Name
Austrian PwrFin
Physical
AOT
Logical
AOT
GMI (FC)
AW
ION A.C.N.
Symbol Code
AOT