.jpg)
Chicago Climate Futures Exchange (CCFE™), a CFTC regulated Designated Contract Market and wholly-owned subsidiary of Chicago Climate Exchange,® Inc. (CCX®), announced today that in 2007 it traded 283,756 contracts compared to 28,924 contracts traded in 2006, representing an 881% increase in volume. Open interest on CCFE increased 719% in 2007, growing from 3,822 contracts at the start of 2007 to 31,290 contracts at year end.
Over the course of 2007, the product suite on CCFE expanded from 1 to 10 products, with the launch of products such as Nitrogen Financial Instrument Futures™ (NFI™), Certified Emission Reduction (CER) Futures and ECO-Index Futures. Sulfur Financial Instrument Futures® (SFI™), the original CCFE product launched in December 2004, grew from 171 contracts traded in 2005 to 28,924 in 2006 to 181,030 contracts traded in 2007. CCFE also launched Options on the SFI Futures in April of 2007 and traded 91,858 contracts for the year.
CCFE has seen growing interest in products launched in 2007, with record levels of open interest in Carbon Financial Instrument® (CFI™) futures contracts (1,975 contracts) and IFEX™ Catastrophic Wind Event Linked Futures (ELF) (2,109 contracts)
"CCFE's record volumes and the increased interest in its growing suite of products show that market participants recognize the value of a federally-regulated, cleared and transparent market," said Dr. Richard Sandor, Chairman and CEO. "With its diverse offering of futures and options contracts covering a wide range of domestic and international environmental products, CCFE continues to be the world's premier market for environmental derivatives."
For a complete list of products please visit: http://ccfe.com/about_ccfe/products.html
