The windy city rules

The Chicago Climate Exchange is going from strength to strength if its new initiatives,new members and volumes are anything to go by. Here PaulLyon talks to CCX founderRichard Sandor about the exchange’s future

The Chicago Climate Exchange (CCX) has had a busy few months. The exchangefor emissions trading has announced the launch of a futures subsidiary, unveiledplans to launch a cash market for sulphur dioxide allowances by the end of 2004and, most importantly, entered the European emissions market. And it doesn’tlook like Richard Sandor, CCX chairman and chief executive, is likely to slowdown the pace of development any time soon.

Trading on the CCX commenced in October last year, and in July 2004

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