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Original Risk: A Society for Change Agents



CME Group applies to create derivatives exchange in London, UK

21st August 2012

The Chicago Mercantile Exchange (CME), the U.S. financial derivatives exchange where weather risk and hurricanes are traded, has applied to create a London-based derivatives exchange. The CME have submitted applications to the UK’s Financial Services Authority and says that pending regulatory approval as a Recognized Investment Exchange, the new exchange CME Europe Ltd will initially […]

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The push for weather derivatives continues in India

28th February 2012

The Indian financial markets have been pushing for regulation to be introduced that would allow for the use of commodity options and derivatives, including weather derivatives, has been under way for nearly two years now. We’ve written about this previously, here and here, with the latter article discussing moves by the Associated Chambers of Commerce […]

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Trading in weather futures still on the cards for India

15th March 2010

Sources in India have confirmed that exchanges and trading firms are still waiting on the Indian parliament to amend the Forward Contracts Regulation Act in order that new asset classes such as weather futures and index-linked weather contracts can be introduced to markets there. This is seen as essential for India to be seen as […]

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Hurricane futures for 2010 now available on Eurex

20th November 2009

Eurex, the European derivatives exchange, has launched it’s U.S. hurricane futures for 2010. The instruments are now available to trade for the whole of next year for the same three regions as 2009 (U.S. nationwide, Gulf Coast and Florida).  More details are available from Reuters. You can find the hurricane futures on the Eurex website […]

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Box office receipt derivatives on the way?

9th October 2009

The Commodity Futures Trading Commission (CFTC) has put out a press release which asks for public comments on a proposal submitted by Media Derivatives, Inc. to allow them to set up a ‘movie derivatives’ exchange. Veriana Networks, a privately owned company, are applying to launch an exchange called Media Derivatives (MDEX) which would provide a […]

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IFEX reduces minimum block trade amount

7th September 2009

The Insurance Futures Exchange (IFEX) has reduced the block trade minimum for all types of contracts it handles. Back in July they reduced the minimum block trade amount to 25 on it’s new North East and Eastern Seaboard contracts and now that minimum applies to all wind contracts available on the exchange. IFEX say that […]

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Credit default swaps the future of a New York Insurance Exchange?

6th February 2009

Six months ago I wrote about the impending return of an insurance exchange to New York. Eric Dinallo, New York Insurance Superintendent, had discussed his wish to resurrect the exchange in Manhattan and to attract the worlds biggest insurers and reinsurers back to New York with the promise of capital markets trading. Now it appears […]

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