Energy Exchange ElectronX Now Offers Hourly Hedging on ERCOT

ElectronX ("Precision Trading for Power Volatility") has announced a new product suite for US regulated power contracts.

They are providing hourly "bounded" futures and binary options on the Electric Reliability Council of Texas (ERCOT) markets, where the "bounding" refers to predefined floor and ceiling prices, limiting gains and losses (contract sizes are for 1MWh for specific hubs and specific hours).

The capping of payoff means there is no need for daily variation margin for the exchange to manage risk. 

These contracts enable smarter (potentially AI-oriented) management of intraday volatility as reported by The AI Journal.

ICE Brent Spikes 7% Initially in Response to Operation Rising Lion, Rallies Before Dropping 2%

ICE Brent, specifically the August 2025 future (July is no longer trading) went from just below $70 a barrel ($69.36 to be precise) to 74.23 USD per barrel from June 12th to June 13th during Operation Rising Lion. Futures continued to rally over successive days, peaking at 78.85 USD per barrel on June 19th. 

Let's Get Physical - Trading The Cal Emissions Market on the CME

From February 27th 2017 -

The CME is offering up the chance to go long the California Emissions Market through futures and options. The product name is CA ETS (California Emissions Trading Scheme).

One future represents physical delivery of a thousand Co2 California Carbon Allowances.

Each allowance is an entitlement to emit one metric ton of carbon dioxide equivalent gas. Settlement takes place on a T+2 basis on the California Market Tracking System (MTS).

One future, one thousand metric tons of Co2.

Options are European, and settle into a single future (or one thousand allowances).

Trading GOI and KTB Bond Futures

INDIA - Government Bond Futures and Bills and Who can Trade Them

The National Stock Exchange (NSE) of India offers futures trading on government bonds (10-year) and (91-day) bills a.k.a. 91TDB. Trading members must be registered with SEBI to trade in the Currency Derivatives segment.

Price Quote Convention

Prices are quoted "clean" i.e. without considering accrued interest.

Settlement and Delivery of GOI Bond Futures

Bond futures settle on VWAP during the last thirty minutes of trading, or theoretical value. Note that the 10 year bond futures actually allows delivery of bonds with 8-11 years of residual maturity.

Clearing of Trades

Trades are cleared by NSCCL (National Securities Clearing Corporation Limited), a wholly owned subsidiary of the NSE incorporated in 1995, and the first clearing house to be incorporated in India, starting operations in 1996. Counterparty risk is avoided by cash settlement of the daily mark to market of open positions.

KOREA

Korean Bonds

AsianBondsOnline has good coverage of Korean Won bonds, and presentation of 2, 5 and 10 year yields. In Korea, all fixed income instruments are available to foreign investors.

Bond futures trade on KRX. They are known as KTB futures (Korean Treasury Bond futures), available in 3, 5 and 10 year varieties.

The wholesale market for KTBs is known as KTS (this is also the venue to trade Monetary Stabilisation Bonds, or MSBs and Deposit Insurance Fund Bonds (DIFBs)), and is limited to government bond dealers licensed by the Financial Services Commission (founded in 2008).