CME weather trading volumes already past those of 2004

One reason for this growth is increased activity from new entrants such as hedge funds getting into the weather and related commodity markets, said Brian O'Hearne, president of GuaranteedWeather, a Kansas-based weather risk management firm.

In addition, CME established a single-day trading record on Monday, April 11 of 4,850 contracts, exceeding the previous record of 4,500 set on April 5, 2005. Average daily volume of CME weather contracts traded this year is 1,800 compared with an average

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