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Chicago Merc sees weather contract high. (News).(Brief Article)
WASHINGTON, DC, and CHICAGO, IL -- Trading of weather-related futures and options contracts on Chicago Mercantile Exchange Inc. (CME) reached record levels in January, with a significant increase over the transactions level in January 2002, the Weather Risk Management Association (WRMA) and CME announced in a release dated February 13.
The record volume of 1247 contracts in January for CME weather futures and options compares to just 11 contracts traded in January 2002. After trading activity in weather related contracts on the CME rose over the course of the year, the January record was aided by recent frigid temperatures in the middle and eastern ...
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