Chicago Climate Futures Exchange® (CCFE™), a Commodity Futures Trading Commission (CFTC) regulated Designated Contract Market and wholly-owned subsidiary of Chicago Climate Exchange®, Inc. (CCX®), announced record trading volume for the month of January. CCFE traded 55,350 contracts throughout the month compared to 14,511 contracts in January 2007, an increase of 281% year over year.
Sulfur Financial Instrument® (SFI™) futures, the original CCFE product, traded a record 29,695 futures contracts in the first month of 2008 surpassing the entire trading volume on CCFE in 2006 (28,924 contracts). Additionally, a record 22,700 SFI options contracts traded in January 2008 bringing the total SFI volume to 52,395 contracts year-to-date.
CCFE experienced record growth activity in the month of January with new product releases reporting record volumes for the IFEXTM Catastrophic Wind Event Linked Futures (ELF) futures contract (1,510 contracts) and ECO-Index futures contract (618 contracts). Also, Carbon Financial Instrument® (CFI™) futures contracts reached record levels of open interest in January at 2,011 contracts.
“CCFE’s growth continues to underscore the value proposition of a federally-regulated, cleared and guaranteed marketplace that enables society to achieve environmental goals in a cost-effective, transparent way,” said Dr. Richard Sandor, Chairman and CEO.
