We are just through the first two weeks of 5-minute settlement. While there has been much anticipation regarding the implementation and the potential for drastic swings in prices, we felt it was an excellent time to take a quick look at the pricing outcomes to see if any immediate trends are emerging.
In this Chart of the week, we look at the difference in consecutive 5-minute price intervals (i.e. how much the price moves from one 5-minute period to the next as a measure of volatility) comparing the same period in October from 2020 and 2021.
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