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Non-Tech : Stock, Commodity and Option Exchange Industry

AX 77.98

-1.7%

Oct 31 9:30 AM EST

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From: Sam Citron	2/10/2006 9:08:57 PM
	of 45

'Let It Snow!' They Cry On the Options Exchange [WSJ] By GREGORY ZUCKERMAN February 11, 2006 [excerpt] Later this month, the Chicago Mercantile Exchange will begin to trade snowfall futures and options contracts, the latest in a string of eyebrow-raising derivative-trading ideas. Not all of them have taken hold. With Valentine's Day around the corner, some traders recall the failed bid to start a diamond-futures contract. Snowfall futures will be based on a CME Snowfall Index initially offered on two cities: Boston and New York. Buying these contracts could allow companies and investors to protect positions that might be affected by a big snowstorm, such as shares of a big East Coast retailer with earnings at risk from a blizzard.

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