American Civics Exchange

American Civics Exchange, a commercial market, enables businesses and investors to hedge financial exposure to changes in public policy.

The American Civics Exchange (ACE) is the first US-based commercial market for political futures. We enable businesses and investors to reliably hedge financial exposure to changes in public policy. ACE facilitates hedging of political risk through binary futures contracts tied to the outcomes of underlying events, including: - Changes in tax policy - Enactment of proposed legislation - Issuance of regulatory decisions - Outcomes of major litigation The Exchange operates as an Exempt Board of Trade (EBOT) under the guidelines set forth in the Commodity Exchange Act (CEA) and the Commodity Futures Modernization Act. We filed a notification letter with the Commodity Futures Trading Commission (CFTC) in 2009, electing to operate as an EBOT. The Exchange is not a Designated Contract Market (DCM) or any other CFTC-regulated entity. As such, the Exchange is not designated or licensed by the CFTC.