Swiss Re to Make Markets in IFEX US Tropical Wind Event Linked Futures
PRESS RELEASE
Friday, January 25 2008
Swiss Re to Make Markets in IFEX US Tropical Wind Event Linked Futures
Swiss Re joins Deutsche Bank as IFEX Market Maker
IFEX is pleased to announce that Swiss Re Capital Markets will make markets in the US Tropical Wind Event Linked Futures (ELF) contracts listed on the Chicago Climate Futures Exchange CCFE. It is expected that Swiss Re will commence in late February or early March.
Both IFEX and CCFE are part of the Climate Exchange Plc group.
Neil Eckert, IFEX Chairman and CEO of Climate Exchange Plc, said: "This is another exceptionally positive development for IFEX. We are delighted to see Swiss Re alongside our first market maker, Deutsche Bank. It is another major step in developing a liquid market. Early volumes are encouraging and new participants continue to sign up”.
Albert Selius, Managing Director in ILS Trading at Swiss Re, said: "We welcome this initiative and are pleased to support the development of insurance contracts in capital markets”.
Quick Links
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- Swiss Re to Make Markets in IFEX US Tropical Wind Event Linked Futures
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- CCFE to List IFEX US Tropical Wind ‘Second Event’ ELFs (Event Linked Futures)
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