R.J. O’Brien & Associates (RJO), the largest independent futures brokerage in the U.S., announced today it has become a Trading Privilege Holder (TPH) of the Chicago Climate Futures Exchange® (CCFE®), a wholly-owned subsidiary of the Chicago Climate Exchange®. CCFE is a Commodity Futures Trading Commission (CFTC) Designated Contract Market, which offers a broad range of environmental futures and options contracts including emission allowances, renewable energy certificates and other environmentally-focused products.
TPH rights enable an individual or company to transact directly in the CCFE markets and to receive a discount on transaction fees. TPH rights also enable RJO to become a Clearing Member of CCFE, which provides the ability to clear CCFE products for their customers. CCFE’s environmental product suite includes futures and options contracts on emission allowances (i.e., sulfur dioxide and nitrogen oxide emission allowances issued by the U.S. EPA), Renewable Energy Certificates (RECs) and catastrophe event-linked contracts (IFEX™ Event-Linked Futures contracts).
“We are excited to become a Trading Privilege Holder of the CCFE” said Joseph Murphy, RJO’s Executive Vice President. “Environmental markets are here to stay and that will allow RJO to continue to provide value added products for our diverse client base. We believe that the products offered by CCFE show tremendous promise.”
“RJO is a proven leader in the futures industry and we are very excited about their participation in the Chicago Climate Futures Exchange as a Trading Privilege Holder and Clearing Member,” said Dr. Richard Sandor, Chairman and CEO of CCX. “RJO’s global presence and diversified range of financial products will be an asset to our Members and the Exchange.”
For a complete list of products please visit: http://ccfe.com/about_ccfe/products.html