Esposito joined the Chicago Climate Futures Exchange (CCFE) as a Trading Privilege Holder (TPH) member in March, 2010. The CCX (Chicago Climate Exchange) owns the CCFE, and is North America’s only legally binding, rules-based greenhouse gas emissions allowance trading system for all six greenhouse gases. The CCFE is the leading environmental futures market in the US and offers a broad range of environmental futures and options contracts including emission allowances and renewable energy certificates. THP rights enable Esposito Securities to receive a discount on transaction fees and to clear CCFE products for our customers.
“The addition of Esposito Securities to CCFE’s network is an important advancement for environmental markets,” said CCX Chairman and founder, Richard Sandor. “We’re pleased to have them on board and excited about the opportunities the partnership will create.”
Choosing the symbol espo2 to launch Esposito's foray into green markets reflects the company's positive position about O2, or oxygen. While others focus on the negative effects of poor environmental practices, ES aligns itself with a healthy climate condition resulting from responsible corporate behavior.
"Esposito is pleased to be joining CCFE, and confident in the potential for US emissions markets based on what we've experienced in Europe. We are poised to facilitate client transactions with integrity and high-end customer service, which is the benchmark of the Esposito brand," said Esposito Securities CEO, Mark Esposito.
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