- Trading Screen Product Name
- German Power Financial Peak Daily Futures
- Trading Screen Hub Name
- German Grid
- Contract Symbol
DGA
- Contract Series
"Up to 92 consecutive daily contracts or as otherwise determined
and announced by ICE Endex from time to time. All Daily Products
are strips of one or more daily contracts and are listed in
parallel.
7 consecutive days.
5 consecutive weekends. Weekends are strips of 2 consecutive daily
contracts (Saturday and Sunday).
5 consecutive weeks. Weeks are strips of 7 consecutive daily
contracts (Monday through Sunday)."
- Unit of Trading
1 MW
- Contract Size
1 MW per day in the contract period (i.e. month, quarter or year) x
12 hours.
- 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 "
- Quotation
The contract price is in Euros and Euro cents per MWh.
- 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 on the Business Day
prior to the delivery day, except when the delivery day is the day
after a non-Business Day, in which case trading will cease at the
close of business on the first Business Day after the non-Business
day.
Trading of Weekend contracts will cease at the close of business on
the Business Day prior to the delivery period.
Trading of Week contracts will cease at the close of business on
the last Business Day before the delivery period "
- Settlement Method
Financial Settled
- Exchange Delivery Settlement Price
The cash settlement price of the contract is equal to the
arithmetic mean the hourly prices of each hour between 08:00 (CET)
and 20:00 (CET) of the German Day-Ahead auction, for each day,
excluding weekends and regardless of public holidays, throughout
the contract period.
- MIC Code
- NDEX
- Clearing Venues
- ICEU