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Wednesday, February 5, 2020

Futures Trader Alert #2020 - 10
Notice for Power Migration Preparation

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

 

As detailed in Futures Trader Alert #2020-7, issued on January 27, 2020, all power futures and options on futures block transactions that are executed during the February 6, 2020 session are part of the NFX to Nodal Exchange power migration.

To ensure that all closing NFX transactions flow smoothly, NFX will be disabling risk limits after the open on Wednesday, February 5th, for Thursday, February 6th's Trade Date, to prevent any closing NFX matching session trades from being rejected due to risk limit breaches. Following the input of all closing NFX matching sessions transactions, NFX will re-enable risk limits.

By participating in the matching session on February 6th, you are consenting to allow the NFX Facilitation Desk (MPID: NFXX) to enter all closing transactions on your behalf.

For a detailed description of the power migration, please refer to Futures Trader Alert #2020-7.

For additional information, please contact NFX Market Operations or call 215.496.5409.


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