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ECX CER futures cleared for launch

European Climate Exchange (ECX) and clearing house LCH.Clearnet have reached an out-of-court settlement over the proposed launch of ECX Certified Emission Reduction (CER) futures contracts.

The contracts, to be traded on ECX partner ICE Futures Europe, had been originally scheduled for a September 2007 launch, but were delayed due to clearing issues.

Currently LCH.Clearnet clears ECX contracts, but

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