Trading

• Introduction to the Australian Electricity Market
• Daily Settlement Price Determination Process
• SFE Trading Mechanisms
• Block Trade Facility (BTF)
• Pre-Negotiation
• Exchange for Physical (EFP)
• Strip Trading Procedures
• SYCOM Custom Market
• SFE Trading Calendar
• Product Codes
• Broker Contacts
• Independent Software Vendors
• FAQs

Strip Trading Procedures

A strip trade is defined as a trade where 4 consecutive* quarters of a futures product (with the same volume for each of those quarters) are bought or sold simultaneously, at a weighted average yearly price.

SFE will list both Calendar (Cal) and Financial (Fin) Year Strip Futures products for Base-Load, Peak-Period Futures, and Off-Peak exposure in New South Wales, Victoria, South Australia and Queensland.

Published Cal and Fin Year Strip Futures prices are available from data vendors and from the d-cyphaTrade Homepage by clicking on Futures. Component prices of Cal and Fin year Strip Futures products that have traded are also available on the d-cyphaTrade website.

Please see section 5 of the The SFE Operational Policies document for details regarding the allocation of quarter prices resulting from strip trades.

*In the case of an off-peak strip, 4 consecutive quarters of base load futures product (with the same volume for each of those quarters) are bought (or sold) simultaneously AND 4 consecutive quarters of peak futures product (with the same volume for each of those quarters) are sold (or bought) simultaneously, at a combined weighted average yearly price.