Grid Reliability
ERCOT operating reserves < 2,000 MW for ≥30 min before Sep 2026
Energy
Capabilities
01
Structured products
Event exposures designed for institutional counterparties.
02
Liquidity
Across venues and Discrete's network.
03
Execution
Fits within existing trading workflows.
Examples
Illustrative contracts.
Terms and availability vary.
Energy Infrastructure
Freeport LNG feedgas < 1 Bcf/day for 5 consecutive days before Oct 2026
Energy
Regulatory
FERC final order on PJM capacity market reform before Dec 31, 2025
Policy
Weather Risk
NYC > 105°F before Sep 30, 2026
Weather
Discrete is an interface for event-driven markets with a focus on institutional access and execution.
Selective engagement. ECPs only.