CCFE launches REC futures

As of April 21, the exchange's new contracts include Class 1 compliance REC futures for New Jersey (REC-NJ Class 1), Connecticut (REC-CT Class 1) and Massachusetts (REC-MA Class 1), as well as voluntary REC futures (REC-V).

On the first day of trading, 150 REC futures contracts traded, representing 15,000 megawatt hours of renewable energy. Amerex brokered the first block trade in the CCFE REC-NJ contract, which was between Element Markets and CE2 Capital Partners. Element Markets and GDF SUEZ En