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Manage Your Winter Weather Risk
Meteorologists are calling for a snow-filled winter in the Great Lakes area and Northeastern United States. Are you prepared? CME Snowfall futures and options on futures enable market participants to more effectively manage the risk associated with snowfall exposure. Our Snowfall product suite includes six different products in six locations, providing you with even more ways to prepare for winter weather.
How Snowfall Contracts Work
The CME Snowfall Index provides average monthly snowfall information for
designated cities in the United States. People who wish to trade snowfall futures
or options determine what amount of snowfall would be detrimental to their
businesses and take futures or options positions based on that determination.
Products
Product Slate
Snowfall Index Futures
Snowfall Index Options on Futures
Snowfall Index Binary Options
Seasonal Strip Snowfall Futures
Seasonal Strip Snowfall Options on Futures
Seasonal Strip Snowfall Binary Options
Benefits
- Possible reduced risk
- Centralized clearing and counterparty credit guaranteed by CME Clearing
- Increased opportunity to focus on core businesses
- Stabilized cash flow and earnings
- Opportunity to profit from uncertainty of weather
Product Video |
Listing Cities and Weather Stations |
Information and Resources |
Contacts |
|---|---|---|---|
|
Snowfall Futures and Options |
|
Christina Hanson, Associate Director Alternative Investments 312 930 1308 christina.hanson.slimack@cmegroup.com Charles Piszczor, Associate Director Research & Product Development 312 930 4536 charles.piszczor@cmegroup.com |
Product Codes
SNOWFALL INDEX FUTURES AND OPTIONS
| City Code | Nov | Dec | Jan | Feb | Mar | Apr | |
|---|---|---|---|---|---|---|---|
| Boston Logan International |
SB | SBX | SBZ | SBF | SBG | SBH | SBJ |
| New York Central Park | SX | SXX | SXZ | SXF | SXG | SXH | SXJ |
| Chicago O'Hare International |
SW | SWX | SWZ | SWF | SWG | SWH | SWJ |
| Minneapolis International |
BV | BVX | BVZ | BVF | BVG | BVH | BVJ |
| Detroit International |
EK | EKX | EKZ | EKF | EKG | EKH | EKJ |
| New York LaGuardia |
FG | FGX | FGZ | FGF | FGG | FGH | FGJ |
SNOWFALL SEASONAL STRIP FUTURES AND OPTIONS
| Boston Logan International* Start |
End Dec | End Jan | End Feb | End Mar | End Apr |
|---|---|---|---|---|---|
| Nov | SBXZ | SBXF | SBXG | SBXH | SBXJ |
| Dec | SBZF | SBZG | SBZH | SBZJ | |
| Jan | SBFG | SBFH | SBFJ | ||
| Feb | SBGH | SBGJ | |||
| Mar | SBHJ |
*Replace city code (blue characters) for appropriate city
SNOWFALL MONTHLY BINARY OPTIONS
| City Code | Nov | Dec | Jan | Feb | Mar | Apr | |
|---|---|---|---|---|---|---|---|
| Boston Logan International |
BN | BNX | BNZ | BNF | BNG | BNH | BNJ |
| New York Central Park | YN | YNX | YNZ | YNF | YNG | YNH | YNJ |
| Chicago O'Hare International |
CI | CIX | CIZ | CIF | CIG | CIH | CIJ |
| Minneapolis International |
FE | FEX | FEZ | FEF | FEG | FEH | FEJ |
| Detroit International |
DX | DXX | DXZ | DXF | DXG | DXH | DXJ |
| New York LaGuardia |
NN | NNX | NNZ | NNF | NNG | NNH | NNJ |
SNOWFALL SEASONAL STRIP BINARY OPTIONS
| Boston Logan International* Start |
End Dec | End Jan | End Feb | End Mar | End Apr |
|---|---|---|---|---|---|
| Nov | BNXZ | BNXF | BNXG | BNXH | BNXJ |
| Dec | BNZF | BNZG | BNZH | BNZJ | |
| Jan | BNFG | BNFH | BNFJ | ||
| Feb | BNGH | BNGJ | |||
| Mar | BNHJ |
*Replace city code (blue characters) for appropriate city
