SULFUR FINANCIAL INSTRUMENT - CHICAGO CLIMATE FUTURES EXCHANGE                                          Code-006261
Commitments of Traders with Delta-adjusted Options and Futures Combined, January 22, 2008                
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     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
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     :          : (CONTRACTS OF 25 U.S. EPA SO2 EMMISSION ALLOWANCES)                        :
     :          :                                                                            :
All  :    19,758:     6,090      1,979      2,904     10,719     14,642     19,712     19,525:        46        233
Old  :    19,758:     6,090      1,979      2,904     10,719     14,642     19,712     19,525:        46        233
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: January 15, 2008                     :
     :     1,643:     1,958        127       -345        406      2,161      2,019      1,943:      -376       -300
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      30.8       10.0       14.7       54.2       74.1       99.8       98.8:       0.2        1.2
Old  :     100.0:      30.8       10.0       14.7       54.2       74.1       99.8       98.8:       0.2        1.2
Other:     100.0:       0.0        0.0        0.0        0.0        0.0        0.0        0.0:       0.0        0.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        32:        13          8         10         11         10         27         25:
Old  :        32:        13          8         10         11         10         27         25:
Other:         0:         0          0          0          0          0          0          0:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 57.7       72.3       87.4       84.0       36.6       33.5       43.7       41.6
Old  :                 57.7       72.3       87.4       84.0       36.6       33.5       43.7       41.6
Other:                  0.0        0.0        0.0        0.0        0.0        0.0        0.0        0.0
 
 

Updated January 25, 2008