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Canadian Seasonal Strip Weather Heating Degree Day (HDD) 
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This product is geared to how much below 18 degrees Celsius the temperature in a given Canadian city averages in a customized “season” of 2 to 7 consecutive calendar months from October to April. It provides a way to:

  • Protect revenues in months when consumers may or are expected to use heating.
  • Trade a customized combination of months best tailored to your business needs
  • Focus specifically on the months you belive pose the greatest risk
  • Offset sudden changes in weekly forecasts without being limited to trading an entire season
  • Accept the risk of unfavorable or atypical weather in exchange for possible profit


Learn How to Electronically Submit CME Group Weather Blocks at www.cmegroup.com/pivot

You can trade Canadian Seasonal Strip HDD futures on the following cities:

Calgary Montreal Vancouver
Edmonton Toronto Winnipeg

 

Things to know:

  • Traded in Canadian dollars
  • You can trade contracts on 2 to 7 consecutive months: Oct, Nov, Dec, Jan, Feb, Mar, Apr
  • Traded electronically on the CME Globex platform
    • Accessible around the clock, around the world
    • Complete price transparency and anonymity
  • Each city has a distinct ticker code that indicates the starting date of the selected season
  • Block trading available
  • CME Clearing clears and settles all trades and guarantees counterparty creditworthiness
    • Settlement is 2 business days following expiration
    • Cash-settled