Chicago Climate Futures Exchange® (CCFE®), a wholly-owned subsidiary of Chicago Climate Exchange, Inc. (CCX®), announced today that it established a new record for daily volume in Regional Greenhouse Gas Initiative (“RGGI”) futures and options with 2,188 contracts traded (representing 2,188,000 RGGI allowances).
CCFE also set a record for open interest in RGGI futures and options with 12,402 contracts open (representing 12,402,000 RGGI allowances).
“Crossing 10,000 contracts of open interest is an important milestone for RGGI and CCFE. It shows a maturing market which continues to attract the interest of industrial users and financial players. Market participants also see CCFE as the reference point for the industry, providing a transparent, cleared and federally regulated exchange,” said Dr. Richard L. Sandor, Chairman and CEO.
These records come one week prior to the second RGGI CO2 allowance auction, which occurs on December 17, 2008. Since contract inception on August 15, 2008, CCFE has traded 23,568 contracts in RGGI Futures and Options, representing 23,568,000 RGGI allowances. In the first RGGI CO2 allowance auction (Sep 25th 2008), 12,565,387 RGGI allowances were auctioned and sold at a clearing price of $3.07 per allowance. All ten RGGI States will participate in the second RGGI CO2 allowance auction next week, with 31,505,898 allowances offered for sale.
For a complete list of products please visit: http://ccfe.com/about_ccfe/products.html
For complete price, volume and open interest information please visit http://www.ccfe.com/mktdata_ccfe/index.jsf
For more information on RGGI, please visit http://www.rggi.org/home
