Chicago, United States
Abbreviation
CCX
Location
Chicago, United States
Region
Americas
Product Types
Emissions, Carbon Credits
The Chicago Climate Exchange (CCX) was North America's first and only voluntary, legally binding greenhouse gas emission reduction and trading system. Founded in 2003 by economist Richard Sandor, CCX allowed member companies to make binding commitments to reduce carbon emissions and trade Carbon Financial Instruments (CFIs). Acquired by ICE (Intercontinental Exchange) in 2010, CCX ceased operations the same year after voluntary carbon credit prices collapsed following the failure of US cap-and-trade legislation.
The Chicago Board of Trade (CBOT) is one of the world's oldest futures and options exchanges, established in 1848 in Chicago, Illinois. Originally founded to address supply and demand challenges in the grain industry, CBOT grew to offer contracts across agricultural commodities, CBOT U.S. Treasury bonds, equity indexes, and metals. CME Group merged with CBOT in 2007, making it one of four Designated Contract Markets within the CME Group family.
LedgerX was the first CFTC-regulated bitcoin derivatives exchange in the United States, offering bitcoin options and futures contracts to institutional and retail participants. Founded in 2013 and launching trading in 2017, LedgerX pioneered regulated crypto derivatives clearing. In 2021, it was acquired by FTX and rebranded as FTX US Derivatives. Following the catastrophic collapse of the FTX exchange group in November 2022, FTX US Derivatives ceased operations.
Nadex (North American Derivatives Exchange) is a CFTC-regulated exchange specialising in binary options and knock-outs contracts for US retail traders. Originally founded as HedgeStreet in 2004 and acquired by UK-listed IG Group in 2007, it was rebranded as Nadex in 2009. Nadex offers short-term binary option and spread contracts on forex pairs, equity indices, commodity markets (crude oil, gold, natural gas), and economic events. It serves as a retail-accessible venue for limited-risk derivatives trading.
The Brazilian Mercantile and Futures Exchange (BM&F) was one of the world's largest derivatives exchanges, founded in São Paulo in 1983. In 2008, BM&F merged with the São Paulo Stock Exchange (Bovespa) to form BM&FBOVESPA. In 2017, it merged again with CETIP to create B3 (Brasil, Bolsa, Balcão) — now Latin America's largest financial exchange group by market capitalisation. B3 continues to operate commodity derivatives including sugar, arabica coffee, live cattle, ethanol, and gold contracts.