Climate Exchange's IFEX Awarded Derivatives Initiative Of The Year

Trading Risk magazine named Climate Exchange plc’s IFEX® the Winner of Derivative Initiative of the Year at their inaugural Trading Risk Awards 2009. The award recognizes organizations that have “made an outstanding contribution to improving transparency and liquidity in the trading of insurance linked derivatives in the past year.”

IFEX is traded on the Chicago Climate Futures Exchange® – a Commodity Futures Trading Commission regulated market which offers standardized and cleared futures contracts on emission allowances and other environmental products. CCFE® is the leading futures exchange for mandatory environmental markets in the United States. IFEX is an indirect wholly owned subsidiary of Climate Exchange plc.

“We’re pleased to see the strong development of the convergence market recognized and we are very excited by the potential of IFEX to help bridge the gap between the capital and insurance markets,” said Climate Exchange plc. Chairman Richard L. Sandor.

“We’re delighted to receive this award and remain exceptionally optimistic about the prospects for IFEX,” said Climate Exchange plc CEO Neil Eckert.