(Chicago Climate Futures Exchange® (CCFE®), a Commodity Futures Trading Commission Designated Contract Market, today announced the first trades in the IFEX Northeast and Gulf Coast Tropical Wind contracts:
- 1,000 Northeast Tropical Wind (IFEX-NEW) contracts traded - June 25, 2010
- 1,000 Gulf Coast Tropical Wind (IFEX-GCW) contracts traded - June 18, 2010
The IFEX Event-Linked Futures contract is a financial instrument that offers market participants an opportunity to hedge against insured economic losses associated with wind damages in the United States. IFEX contracts, to a large degree, replicate the economics of an Industry Loss Warranty reinsurance policy in which a contract is made between the buyer and seller via IFEX and CCFE. In addition to the IFEX-NEW and IFEX-GCW contracts, CCFE also lists IFEX contracts based on U.S. Tropical Wind, Florida Tropical Wind and Eastern Seaboard Wind.
- More information on IFEX products
- Complete list of CCFE products
- Complete price, volume and open interest information on CCFE products
