(August 23, 2007) Chicago Climate Futures Exchange will launch its cash-settled Certified Emission Reduction futures contract Friday, August 24, 2007 at market open at 7:00am central US time (13:00 hours London time). *

For the purpose of reference pricing, CER price information based on a limited sample survey was conducted Thursday August 23, 2007 between 5:00pm and 5:15pm London time (11:00am – 11:15am Chicago time).

The price survey resulted in seven price responses. To compute the average price reported below, the lowest and highest prices from the survey responses were discarded, and the simple average of the five remaining prices was calculated.

The price information requested was the maximum willingness to pay for a 100,000 metric ton CO2 contract size, with guaranteed delivery and payment occurring on the last business day of December 2008.

The initial price indication produced by the limited size survey yielded the following results:

As of Thursday 23 August 2007, CER price for guaranteed delivery last business day of 2008:

US$21.85 per metric ton CO2 ^

For more information on having access to the CCFE CER futures contract please visit www.ccfe.com or contact Michael MacGregor at 312 229 5122 or Rob McAndrew at 312 229 5124.

Related Links:

Press Release: Chicago Climate Futures Exchange to Launch Certified Emission Reduction (CER) futures contracts on August 24

CCFE Certified Emission Reduction (CER) Contract Details

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* Pending self-certification with the Commodity Futures Trading Commission.
^ At noon eastern US time on August 23, 2007 the Federal Reserve Bank of New York US dollar buying rate for Euros was 1.3560 US dollars per Euro. Applied to the survey results, this implies a CER price in Euros of €16.11 per metric ton CO2