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Weather Derivatives Grow as Risks Intensify
Climate change is becoming a major concern for businesses around the world. At the same time, futures and options tied to managing risk around rising temperatures and extreme weather are seeing a boost in interest. Last year, for instance, CME Group saw average trading volumes for its weather derivatives suite surge over 260% compared to 2022, while the number of outstanding contracts was up 48% year-on-year as of May. "We are seeing more extreme weather such as heat waves or deep freezes," says Anne Krema, Commodity Research and Product Development Director at CME Group, explaining the phenomenon fueling demand for ... (full story)
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- Posted: Sep 5, 2024 4:07pm
- Submitted by:Category: Energy Trading NewsComments: 0 / Views: 77
