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European 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 European 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 the weather may average below 18 degrees Celsius and consumers may use heating.
  • Select the months you would like to trade to suit your business needs
  • Trade a customized combination of European HDD monthly futures so you can focus specifically on the months you believe pose the greatest risk
  • Offset sudden cahnges 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 European Seasonal Strip HDD futures on the following cities:

Amsterdam Essen Paris
Barcelona London Rome
Berlin Madrid Stockholm
  Oslo  

 

Things to know:

  • Each contract is based on a multiple-month "season" consisting of 2 to 7 calendar months from October through April
    • You choose the months you wish to trade to suit your business needs
    • Months must be consecutive
  • Traded in British pounds
  • 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
  • Block trading available
  • CME Clearing clears and settles all trades and guarantees counterparty creditworthiness
    • Settlement is 2 business days following expiration
    • Cash-settled