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US Seasonal Strip Weather Heating Degree Day (HDD) 
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Weather Contract Listings Extended
Effective trade date Monday, June 22, 2009, the listing cycle for U.S. Monthly and Seasonal CDD and HDD futures and options contracts has been extended from one year to three years.

This product is geared to how much below 65 degrees Fahrenheit the temperature in a given 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 65 degrees Fahrenheit and consumers may use heating.
  • Select the months you would like to trade to suit your business needs
  • 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 U.S. Seasonal Strip HDD futures on the following cities:

Atlanta Detroit New York
Baltimore Houston Philadelphia
Boston Jacksonville Portland
Chicago Kansas City Raleigh
Cincinnati Las Vegas Sacramento
Colorado Spring Little Rock Salt Lake City
Dallas Los Angeles Tucson
Des Moines Minneapolis-St. Paul Washington, D.C.

 

Things to know:

  • You can trade contracts on 2 to 7 of the following 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