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Exchange-traded weather insurance products set for launch in India

Once again the discussion of exchange-traded weather risk management products for Indian farms, companies and insurers has come to the fore, but this time the plan is for a product to be launched after September of this year.The National Commodity and Derivatives Exchange (NCDEX) of India has been developing weather-index read the full article →

PCS working with CSX to develop catastrophe derivatives exchange

In what could prove to be one of the most important developments in the catastrophe reinsurance market in some time, Property Claim Services (PCS) has announced that it is working with the Cayman Islands Stock Exchange (CSX) on an initiative to launch exchange traded catastrophe derivatives on the CSX.Trading in catastrophe read the full article →

CME Group applies to create derivatives exchange in London, UK

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 read the full article →

The push for weather derivatives continues in India

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 read the full article →

Indian association wants to stimulate weather derivatives trading

We last wrote about the push to get weather derivatives listed as a tradable instrument on the commodity exchanges of India back in September last year when the Indian government approved laws to allow commodity options and futures to be traded in the country. It was hoped that the new read the full article →

Trading in weather futures still on the cards for India

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 read the full article →

Hurricane futures for 2010 now available on Eurex

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 read the full article →

Box office receipt derivatives on the way?

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 read the full article →

IFEX reduces minimum block trade amount

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 read the full article →

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

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 read the full article →