Chicago Climate Futures Exchange® (CCFE®) announced today that Esposito Securities, LLC, a firm that provides institutional trading services to clients including registered investment advisors, hedge funds, mutual funds, ETFs, closed end funds and unit investment trusts, has become a Trading Privilege Holder (TPH) of the Exchange.
TPH rights enable an individual or company to receive a discount on transaction fees. TPH rights also provide Esposito Securities with the opportunity to become a Clearing Member of CCFE, which provides the ability to clear CCFE products for their customers.
"The addition of Esposito Securities to CCFE's network is an important advancement for environmental markets," said Chicago Climate Exchange Chairman and founder Richard L. Sandor. "We're pleased to have them on board and excited about the opportunities the partnership will create."
"Esposito is pleased to be joining CCFE, and confident in the potential for U.S. emissions markets based on what we've seen in Europe. We are poised to facilitate client transaction with integrity and high-end customer service, which is the benchmark of the Esposito brand," said Esposito Securities CEO Mark A. Esposito.