TITLE

Nymex Edges Closer To Weather Futures

AUTHOR(S)
Terzo, Gerelyn
PUB. DATE
November 2005
SOURCE
Investment Dealers' Digest;11/14/2005, Vol. 71 Issue 43, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the launch of weather futures contracts by the New York Mercantile Exchange to compete with existing products traded by its rival, the Chicago Mercantile Exchange. Market trends indicate the increased use of futures and options contracts as hedge, both over-the-counter and listed, by companies whose business is very weather-dependent. The changes in weather patterns including the frequency of hurricanes have influenced commodity prices and trading at futures markets.
ACCESSION #
18850613

 

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