The NFI futures and options contracts provide market participants in the NOx emissions program with low-cost tools for managing their exposure to price volatility in the NOx emission allowance markets.
The NOx emissions program presents significant price risks that can be managed through the use of futures and options on futures as hedging tools. CCFE offers standardized, cleared futures and options on futures on U.S. EPA CAIR Annual NOx allowances.
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CCFE Closure  Chicago Climate Futures Exchange (CCFE) announced plans to wind down operations in August of 2011. Effective as of February 28, 2012 there is no remaining open interest in contracts at CCFE and all contracts have been delisted.
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