ECX and ICE launch CER futures contract

The European Climate Exchange (ECX) and ICE Futures have announced the launch of certified emissions reduction (CER) futures and options contracts, subject to regulatory approval.

The contracts, formally known as the ICE ECX CFI CER Futures Contract and the ICE ECX CFI CER Options Contract, will be launched jointly in September 2007.

The contracts use secondary CERs as the underlying units of trading, and will be listed on the ICE Futures electronic platform. Users will be able to lock in pric

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