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Strategies & Market Trends : Predictive Markets
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From: Ron3/2/2007 11:08:23 AM
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Energy traders will get a little extra help this month to predict the moves in their volatile market -- and it'll come in the form of a hurricane.
The Chicago Mercantile Exchange will launch trading of hurricane futures and options contracts on March 12 ahead of this year's Atlantic storm season, which begins June 1.
It'll be an expansion of the CME's existing weather derivatives product line and the contracts will cover five regions: the Gulf Coast, Florida, the Southern Atlantic Coast, the Northern Atlantic Coast and the Eastern U.S.

marketwatch.com
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