A new breakthrough weather derivative, which will expand the current environment of hurricane risk products, will begin trading on October 7, 2008. The new product, called Hurricane Risk Landfall Options – HuRLOs™ – will trade on Weather Risk Solutions’ (“WRS”) Electronic Trading Platform and will be cleared by CME Clearing, a subsidiary of CME Group, WRS announced today. (PRWeb Oct 7, 2008) Read the full story at http://www.prweb.com/releases/cme_clearing/hurricane_risk/prweb1439404.htm ...
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