Weather Risk: The Chicago Mercantile Exchange (CME) is requesting regulatory approval by the Commodity Futures Trading Commission (CFTC) to offer exchange-traded futures and options on the weather.

The futures and options contracts the CME aims to offer are temperature-related. Indexes of the Heating Degree Day (HDD) and Cooling Degree Day (CDD) products may be traded for a number of US cities, including New York, Atlanta, Chicago, Dallas and Philadelphia.

Scott Gordon, chairman of the CME said

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At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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