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CCFE Announces First Trades in Two IFEX Wind Contracts



(CHICAGO – June 28, 2010) Chicago Climate Futures Exchange® (CCFE®), a Commodity Futures Trading Commission Designated Contract Market, today announced the first trades in the IFEX Northeast and Gulf Coast Tropical Wind contracts:

 

 

The IFEX Event-Linked Futures contract is a financial instrument that offers market participants an opportunity to hedge against insured economic losses associated with wind damages in the United States. IFEX contracts, to a large degree, replicate the economics of an Industry Loss Warranty reinsurance policy in which a contract is made between the buyer and seller via IFEX and CCFE. In addition to the IFEX-NEW and IFEX-GCW contracts, CCFE also lists IFEX contracts based on U.S. Tropical Wind, Florida Tropical Wind and Eastern Seaboard Wind.

 

 

About Chicago Climate Exchange and Chicago Climate Futures Exchange

Chicago Climate Exchange (CCX) is the world’s first and North America’s only legally binding, rules-based greenhouse gas emissions allowance trading system for all six greenhouse gases. CCX began trading in 2003 and today has more than 400 members who are leaders in greenhouse gas management and mitigation. Climate Exchange plc owns CCX, including the CCX-subsidiary Chicago Climate Futures Exchange (CCFE), as well as the European Climate Exchange (ECX). Climate Exchange plc is a publicly traded company listed on the AIM division of the London Stock Exchange (CLE.L). CCFE is a CFTC designated contract market which offers standardized and cleared futures and options contracts on a broad range of environmental products.

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