The Helsinki securities and derivatives exchange (Hex) has started trading weather derivatives. Hex’s weather risk contracts will take a similar form to those offered by the London International Financial Futures and Options Exchange (Liffe) – to date the only exchange-traded market for weather derivatives in Europe. But so far, US energy firm Aquila has traded one contract of five lots on the London indexes, with no contracts having been traded in Paris and Berlin – and it has been more tha
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