The Hindu Business Line : MCX, Chicago Climate Exchange sign pact

THE Multi Commodity Exchange of India Ltd (MCX) and the Chicago Climate Exchange (CCX), North America's multi-sector marketplace for reducing and trading greenhouse gas (GHG) emissions, have signed a licensing agreement.

As part of the agreement, CCX will list mini-sized versions of its European Climate Exchange (ECX) Carbon Financial Instruments (CFI) and Chicago Climate Futures Exchange (CCFE) Sulfur Financial Instrument (SFI) futures contracts on the MCX trading platform.

ECX, an entity 51 per cent owned by CCX and 49 per cent by Climate Change Plc, a company listed on the AIM division of the London Stock Exchange, currently offers futures contracts based on emission allowances issued under the European Union Emissions Trading Scheme.

ECX CFI futures contracts are currently listed on the International Petroleum Exchange under a licensing agreement with CCX.

The Chicago Climate Futures Exchange, a wholly owned subsidiary of CCX, offers cleared and standardised SFI futures products on US Environmental Protection Agency sulphur allowances.

The ECX-CFI Mini and CCFE-SFI Mini are the first environment products to be introduced in the Indian sub-continent.

They are designed to offer the Indian trading community an advanced, standardised, and financially guaranteed tool to participate in the global emissions marketplace.

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