Futures Product definition
Examples of Futures Product in a sentence
ICE NGX will provide the New Futures Contracts to its customers to be settled in accordance with the same terms as ICE NGX’s other Physically Settled Power Futures Product offerings with delivery in the ERCOT region.
In that case, the ICE-Originated bid or offer is matched and executed as an NGX Physically Settled Futures Product and cleared by NGX as such.
The “Life” of this Agreement is until one (1) year after the date of the expiration or cancellation of the last Futures Product listed under this Agreement.
If the Contracting Party does not verify its account at the applicable Registry in accordance with paragraph b., the Contracting Party is required to enter into one or more Physically Settled Environmental Futures Transactions to offset, in whole or in part, its delivery or take obligations no later than prior to the close of trading 3 Trading Days prior to expiry of the relevant Physically Settled Environmental Futures Product.
Nasdaq may elect, without prejudice to any other rights or remedies, to terminate the Term of this Agreement with respect to an Index, with reasonable Notice with an opportunity to cure within such period, if Nasdaq reasonably believes that any Futures Product based upon such Index is illegal or has been illegally listed for trading, or if the CME or any involved entity does not have the power to list such Futures Product for trading.
To remove any doubt, if an Unlicensed User trades a competitive product without a license and NASDAQ OMX, as contemplated in the first paragraph of this section, elects not to seek to terminate such use, CME may choose to continue the license and pay the $*** one time fee for its continued trading of the Futures Product based on the Index affected by the competitive product.
If CME refuses to so alter or withdraw, Nasdaq may terminate the Term of this License with regard to that Futures Product, upon thirty (30) days Notice to CME, with an opportunity to cure within that period.
CME need not resupply a copy of any material which is substantially like material previously submitted to Nasdaq and is identical as it describes the Corporations or their operations, the markets operated by the Corporations, the Indexes or the Marks, or the authorization, review, or endorsement of the Corporations of the Futures Product.