Chicago Climate Futures Exchange (CCFE) announced it will
launch futures on Sulphur dioxide emission allowances on 10
CCFE received its futures contract market designation from
Commodity Futures Trading Commission (CFTC) on 9 November. The
new futures contract, called a Sulphur Financial Instrument
(SFI) will be cleared at The Clearing Corporation.
CCFE decided to launch SFIs first because of the
relationship to other energy markets, such as coal and natural
gas. Richard Sandor, chairman and ceo of CCFE parent Chicago
Climate Exchange (CCX), said the Sulphur futures launch is
being driven by many of the same fundamental market
characteristics as interest rate futures did in the
"In bond futures, it was the rise in interest rates in 1973
after the Arab oil embargo," Sandor told reporters in Chicago
last week. "What is it today? It's high natural gas prices.
It's an energy driven commodity."
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