Chicago Climate Exchange, Inc. (CCX) has entered into a Joint Marketing Agreement with Dow Jones Indexes to co-brand, calculate, market and license the Dow Jones/CCX Emissions Indexes based on European carbon, US carbon and US SO2 and other indexes to be developed by CCX.
Dow Jones Indexes will be the exclusive distributor and licencor of the Dow Jones/CCX Emissions Indexes.
The Dow Jones/CCX Emissions Indexes are available for licencing as the basis of domestic and international structured products and other derivatives, including potential futures products.
“Combining our long-term experience in innovative, comprehensible indexing with CCX’s unique expertise in integrating emissions reductions and emissions trading leads to an exciting new business initiative. We are starting off with emissions indexes that enable participants in the carbon allowances market to achieve a highly sought-after additional degree of transparency,” says Michael A. Petronella, president, Dow Jones Indexes.
“The Joint Marketing Agreement on the family of CCX, ECX and CCFE products with Dow Jones Indexes signals our continued commitment to create new innovative markets in the environmental space. This suite of new index products will broaden the pool of participants while furthering transparency. Our alliance with such a world-renowned brand as Dow Jones is a win-win for the growing worldwide emissions market,” adds Richard Sandor, chairman and CEO, CCX.
Todays announcement follows CCXs 14 March notice that Dow Jones Indexes and SAM Indexes granted CCX a licence for the Dow Jones Sustainability World Index and Dow Jones Sustainability North America Index. That license will be exclusive for purposes of listing standardised exchange-traded futures contracts and options on futures contracts where the price or return of such contracts is based on the performance of the licensed indexes.