Warming to the exchanges


The burgeoning success of the Chicago Mercantile Exchange (CME) in the weatherderivatives market is good news for those who want to see a mature exchange-tradedweather market. And the CME is not the only company making headway on this front.

US patent application number 20030126155 of July 3, 2003 makes the case for a “tradableinvestment index and method for weather futures, comprised of weather data transformedusing the steps of extracting historical weather data, including weather

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