Chicago Climate Exchange approved to trade futures

CCFE – the futures subsidiary of voluntary emissions-trading market the Chicago Climate Exchange (CCX) – will initially offer futures on emissions allowances and plans to offer options at a later date.

The Clearing Corporation, a registered derivatives clearing organisation, will carry out clearing and settlement services for CCFE. The CCFE electronic trading platform will use a system licensed from and operated by Atlanta-based electronic platform IntercontinentalExchange (Ice). The CCX – a