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Managing Risk at CME Group - How it All Works
A great and yet very simple introduction to the vital role CME Group plays in helping people manage their risk on a daily basis....
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Rainfall Index Futures, Options and Binary Options
New Tools to Manage Rainfall-Related Risk
Rainfall Index Futures
Rainfall Index Options
Rainfall Index Binary Options
Seasonal Strip Rainfall Index Futures
Seasonal Strip Rainfall Index Options
Seasonal Strip Rainfall Index Binary Options
Kansas City Added to Rainfall Contracts
Based on market demand, CME Group has added Kansa City to the listing cities covered by our Rainfall complex (effective March 28, 2011).
Rainfall futures and options fact card
View CME Globex notice
About Rainfall Futures, Options and Binary Options
The amount of rain that falls affects the profitability of many different industries. To meet the need for a risk management tool for rain, CME Group offers Rainfall futures, options on futures and binary options on a number of cities in the United States. These are the first rainfall index contracts using centrally cleared contracts and they enable businesses of all types to manage the financial risk of too much or too little rainfall.
How Rainfall Contracts Work
The CME Rainfall Index provides average monthly rainfall information for designated cities in the United States. People who wish to trade rainfall futures or options determine what amount of rainfall would be detrimental to their businesses and take futures or options positions based on that determination.
Rainfall Defined
Daily rainfall is defined as the total rainfall recorded at a particular location between 12:01 a.m and 12:00 midnight as reported by MDA Information Systems, Inc. Monthly rainfall is defined as the sum of daily rainfall values for a particular location for a calendar month. The accumulation period for each contract begins with the first calendar day of the contract month and ends with the last calendar day of the contract month.
Listing Cities and Corresponding Weather Stations
- Chicago O’Hare International Airport (WBAN 94846)
- Dallas-Fort Worth International Airport (WBAN 03927)
- Des Moines International Airport (WBAN 14933)
- Detroit Metro Airport (WBAN 94847)
- Jacksonville International Airport (WBAN 13889)
- NEW Kansas City International Airport (WBAN 03947) - Added March 28, 2011
- Los Angeles Downtown USC Campus (WBAN 93134)
- New York LaGuardia Airport (WBAN 14732)
- Portland International Airport (WBAN 24229)
- Raleigh/Durham International Airport (WBAN 13722)
For more information, please contact:
Heidi Centola
Manager, Weather Products
Heidi.Centola@cmegroup.com
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