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Chicago Climate Exchange, Inc (CCX®) and its wholly owned subsidiary, Chicago Climate Futures Exchange, LLC (CCFE®), announced yesterday that they have surpassed the combined 2007 total trading volume for Carbon Financial Instrument (CFITM) contracts with substantial growth in its carbon complex (U.S. cash, futures and options contracts). The carbon complex has shown volume growth of 280% since the same period of last year.
U.S. Carbon Complex - Cash, Futures and Options (in allowances)
- 2008 to-date 27,313,400
- 2007 year-end 26,503,500
For complete price and volume information, please visit: www.theccx.com/market/data/summary.jsf
About Chicago Climate Exchange, Inc. and Chicago Climate Futures ExchangeCCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX, which began trading in 2003, is the world’s first and North America’s only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and mitigation, including offset providers and offset aggregators, and located throughout the United States. CCX members derive from all sectors of the global economy, including the public sector, and emissions reductions being achieved through CCX by major utilities, corporations, cities, states and counties, are the only reductions in North America being achieved through a legally binding compliance regime, subject to independent third party verification provided by FINRA and price transparency. The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine in 2005 for his founding of CCX, and in 2007 as the “father of carbon trading.” For a full history of CCX, full roster of CCX members, daily prices and other Exchange information, see www.chicagoclimateexchange.com.
Chicago Climate Futures Exchange (CCFE), a wholly-owned subsidiary of CCX, is the world's first and leading environmental derivatives exchange. CCFE currently offers standardized and cleared Sulfur Financial Instrument (SFI) futures and options contracts and Nitrogen Financial Instrument (NFI-OS) futures contracts based on mandatory cap and trade programs created under the Clean Air Act Amendments of 1990, making it the world's largest exchange for trading criteria pollutants. Market participants are able to secure price transparent, standardized futures and options contracts on an anonymous electronic trading platform. The availability of effective hedging tools offered on CCFE, including prompt and deferred years for both futures and options has increased liquidity while easing volatility in the SO2 market.
CCX, a US corporation, launched its trading platform in 2003. In 2005, CCX launched the European Climate Exchange (ECX), now the leading exchange operating in the European Union Emissions Trading Scheme. Since 2006, both CCX and ECX have been owned by Climate Exchange Plc (CLE.L), a publicly traded company listed on the AIM of the London Stock Exchange, whose Chairman is Richard L. Sandor.
