CME launches weather contracts for Australia

The new listings will begin trading on February 23 and include Heating Degree Day (HDD) and Cooling Degree Day (CDD) contracts on both monthly and seasonal futures and options. The contracts will trade on a monthly basis from January through December and will be priced in Australian dollars.

"Like our other temperature-based products, these Australian contracts enable industries that face business uncertainty as a result of unusually hot or cold temperatures to transfer their risk exposure to th

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: