Chicago Climate Futures Exchange
From MarketsWiki
| Chicago Climate Futures Exchange | |
| |
| Headquarters | Chicago |
|---|---|
| Products | CCFE is a regulated futures exchange for U.S. SO2 allowances and U.S. NOx Ozone Season allowances. |
| Web site | http://www.ccfe.com/ |
A wholly owned subsidiary of the Chicago Climate Exchange, the world's first environmental derivatives exchange, the Chicago Climate Futures Exchange (CCFE) is a Commodity Futures Trading Commission-regulated futures exchange for U.S. SO2 allowances and U.S. NOx Ozone Season allowances. It was approved by the CFTC as a contract market in 2004.[1]
Clearing services for the CCFE are provided by The Clearing Corporation. Market surveillance services are provided by the National Futures Association (NFA), the industry wide, self-regulatory organization for the U.S. futures industry.[2]
Regular trading hours at the exchange are from Monday through Friday, 7 a.m. to 3 p.m. Central Standard Time. The pre-open begins at 6:45 a.m. Central Standard Time.
Contents |
CCFE Clearing Firms
| This page is sponsored by... |
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- ADM Investor Services Inc.
- Banc of America Securities
- Barclay's Capital Inc.
- Bear, Stearns Securities Corp.
- BNP Paribas Commodity Futures Inc.
- Credit Suisse Securities (USA) LLC
- Deutsche Bank Securities Inc.
- Fortis Clearing Americas LLC
- Goldman Sachs & Co.
- JP Morgan Futures Inc.
- Kottke Associates LLC
- Lehman Brothers Inc.
- MF Global Inc.
- Merrill Lynch, Pierce, Fenner & Smith, Inc.
- Mizuho Securities USA Inc.
- Newedge Financial Inc.
- Newedge USA LLC
- Prudential Bache Commodities LLC
- Tradelink LLC (self-clearing only)
- UBS Securities LLC
History
Products
The Chicago Climate Futures Exchange lists the following products: Sulfur Financial Instrument Futures and Options, European Carbon Financial Instrument Futures, Carbon Financial Instrument Futures and Options, Certified Emission Reduction Futures and Options, ECO Clean Energy Index Futures, Nitrogen Financial Instrument - Ozone Season Futures, Nitrogen Financial Instrument (Annual Futures), IFEX Event Linked Futures.
News
On March 26, 2008 the CCFE announced that it established a new record for total daily volume with 7,856 contracts traded on March 26, 2008. CCFE also established a new daily volume record for the Nitrogen Financial Instrument - Annual (NFI-A) Futures contract with 2,106 contracts traded. The CCFE said it continues to experience growth in volume and open interest with 145,469 contracts traded to date in 2008 and open interest currently up 362% from the previous year with 64,948 contracts.[3]
References
- ↑ News: CFTC Approves Chicago Climate Futures Exchange. Sullivan & Cromwell LLP. Retrieved on March 5, 2008.
- ↑ About CCFE. CCFE. Retrieved on March 5, 2008.
- ↑ Press Release. CCFE. Retrieved on March 31, 2008.
